Chapple & Jenkins Ltd

	Page
Strategic Report	1
Directors' Report	2
Independent Auditor's Report	3—5
Statement of Income and Retained Earnings	6
Balance Sheet	7—8
Statement of Cash Flows	9
Notes to the Statement of Cash Flows	10
Notes to the Financial Statements	11—18

The directors present their strategic report for the year ended 31 January 2026.

Principal Activity

The principal activity of the company is the wholesaling and distribution of soft & alcoholic drinks, confectionery, snacks, disposables, ambient, frozen and chilled foods and fresh produce to educational, retail and hospitality businesses in the UK.

The results for the year are as shown in the financial statements

Revenue has increased by £3m (10%) from £30.7m to £33.8m. This is mainly due to continue development of our sales team and product base.

GP margin has remained at 20.4% which resulted in increase of £550k at the Gross profit level.

Overheads increased in the year by £0.4m, and profit before tax improved £0.4m

Stock levels have remained at a similar level of £2.1m and working capital remains strong.

Overall shareholders funds have increased by £0.8m

Review of the Business

The business continues to perform well and sales are increasing with a loyal customer base, together with a steady stream of new customers.

Our loyal team of employees continue to be key to our success, with staff turnover being very low.

Overall, we are pleased with the continued business performance.

Principal Risks and Uncertainties

The risk to our business is the current cost of living/inflationary pressures. The budget of the end consumer is being squeezed although it is anticipated that consumers will continue to spend on relatively small purchases and eating out.

Whilst the supply chain has settled in the last year, there is continued pressure on pricing from the manufacturers which cannot all be passed onto our customers.

The competition from rival business continues to be a challenge for the business.

Future Developments

Chapple & Jenkins continues to grow its market share. Further investment in national hubs will continue together with investment in staff and systems.

On behalf of the board

MR K CHAPPLE

Director

29/10/2026

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Chapple & Jenkins Ltd

Company No. 06489298

Directors' Report For The Year Ended 31 January 2026

Directors' Report

The directors present their report and the financial statements for the year ended 31 January 2026.

Directors

The directors who held office during the year were as follows:

MR K CHAPPLE

Mr M Jenkins

MR S JENKINS

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, Charlton Baker (Bristol) Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

MR K CHAPPLE

Director

29/10/2026

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Independent Auditor's Report

to the Members of

Chapple & Jenkins Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Chapple & Jenkins Ltd for the year ended 31 January 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

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Independent Auditor's Report (continued)

to the Members of

Chapple & Jenkins Ltd

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Key audit matters: our assessment of risks of material misstatement

Key audit matters are those matters that in our professional judgement were of most significance in the audit of the financial statements and include the most significant assessed risks of material misstatement (whether or not due to fraud) identified by us, including those which had the greatest effect on the allocation of resources in the audit and directing the efforts the engagement team. There are no key areas identified as the audit is very low risk with normal audit procedures adequate in all audit areas. We agreed to report to the board of directors any corrected or uncorrected identified misstatements.

Identifying and reporting of risks of material misstatement due to fraud

To identify risks of material misstatement due to fraud we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud, our risk assessment procedures included:

- Enquiries made of the directors.

We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit.

As required by auditing standards, and taking into account possible pressures to meet targets and our overall knowledge of the control environment. we performed procedures to assess the risks of management override of controls. To address the pervasive risk as it related to management override of controls, we reviewed material journal entries and agreed these to supporting documentation where appropriate.

Identifying and responding to risks of material misstatement due to non—compliance with laws and regulations

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors. Our assessment of risks involved gaining an understanding of the control environment including the entity's procedures

for complying with regulatory requirements.

We communicated identified laws and regulations throughout our team and remained alert to any indications ot non-compliance throughout the audit. The potential effect of these laws and regulations on the financial Statements varies considerably:

- firstly, the company is subject to laws and regulations that directly affect the financial statements including financial reporting regulation, taxation legislation (payroll and income taxes and VAT) and pension legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures in the audit areas relevant to these items.

- secondly, the company is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation

We identified the following areas as those most likely to have such an effect:

Health and safety laws.

Food and hygiene regulations.

Employment law.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and inspection of regulatory and legal correspondence, if any. Therefore, if any breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

Limitations to the ability of the audit to detect fraud or breaches of laws and regulation

Owing to the inherent limitation of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as this may involve collusion. forgery. intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. and therefore we are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

...CONTINUED

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Independent Auditor's Report (continued)

to the Members of

Chapple & Jenkins Ltd

Auditor's Responsibilities for the Audit of the Financial Statements - continued

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

• Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Cridland (Senior Statutory Auditor)

for and on behalf of Charlton Baker (Bristol) Limited , Statutory Auditor

29/10/2026

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Chapple & Jenkins Ltd

Statement of Income and Retained Earnings

For The Year Ended 31 January 2026

Statement of Income and Retained Earnings

		2026	2025
	Notes	£	£
TURNOVER		33,827,652	30,748,689
Cost of sales		(26,925,279 )	(24,393,602 )

GROSS PROFIT		6,902,373	6,355,087

Distribution costs		(874,533 )	(693,769 )
Administrative expenses		(4,491,146 )	(4,000,574 )
Other operating income		60,000	60,000

OPERATING PROFIT	4	1,596,694	1,720,744
Fair value losses on investments		-	(100,001 )
Loss on disposal of fixed assets		(18,933 )	(291 )
Amounts written off investments		-	(424,868 )
Other interest receivable and similar income	9	4,501	11,674
Interest payable and similar charges	10	(102,690 )	(159,503 )

PROFIT BEFORE TAXATION		1,479,572	1,047,755
Tax on Profit	11	(380,227 )	(281,714 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,099,345	766,041
RETAINED EARNINGS
As at 1 February 2025		6,389,318	5,917,788
Dividends paid		(282,022)	(294,511)
As at 31 January 2026		7,206,641	6,389,318

The notes on pages 10 to 18 form part of these financial statements.

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Chapple & Jenkins Ltd

Balance Sheet

As At 31 January 2026

Balance Sheet

Registered number: 06489298

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	12		4,000		6,000
Tangible Assets	13		4,048,980		3,727,692
Investment Properties	14		1,080,000		1,080,000
Investments	15		1,137,482		1,137,482

			6,270,462		5,951,174
CURRENT ASSETS
Stocks	16	2,091,412		2,080,662
Debtors	17	3,915,565		3,664,225
Cash at bank and in hand		1,261,411		1,388,711

		7,268,388		7,133,598
Creditors: Amounts Falling Due Within One Year	18	(4,253,485 )		(4,288,508 )

NET CURRENT ASSETS (LIABILITIES)			3,014,903		2,845,090

TOTAL ASSETS LESS CURRENT LIABILITIES			9,285,365		8,796,264

Creditors: Amounts Falling Due After More Than One Year	19		(1,084,118 )		(1,490,216 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	22		(375,834 )		(297,958 )

NET ASSETS			7,825,413		7,008,090

CAPITAL AND RESERVES
Called up share capital	24		125		125
Fair value reserve			618,647		618,647
Profit and Loss Account			7,206,641		6,389,318

SHAREHOLDERS' FUNDS			7,825,413		7,008,090

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Chapple & Jenkins Ltd

Balance Sheet (continued)

As At 31 January 2026

On behalf of the board

MR K CHAPPLE

Director

29/10/2026

The notes on pages 10 to 18 form part of these financial statements.

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Chapple & Jenkins Ltd

Statement of Cash Flows

For The Year Ended 31 January 2026

Statement of Cash Flows

		2026	2025
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,610,797	1,465,864
Interest paid		(102,690 )	(159,503 )
Tax paid		(314,201 )	(248,888 )

Net cash generated from operating activities		1,193,906	1,057,473

Cash flows from investing activities
Purchase of tangible assets		(600,279 )	(461,657 )
Proceeds from disposal of tangible assets		12,976	32,940
Purchase of investment in subsidiary undertaking		-	(100,001 )
Interest received		4,501	11,674

Net cash used in investing activities		(582,802 )	(517,044 )

Cash flows from financing activities
Equity dividends paid		(282,022 )	(294,511 )
Proceeds from new bank borrowings		-	(765,188 )
Repayment of bank borrowings		(718,124 )	-
Repayment of finance leases		261,742	141,116
Proceeds of loans from group undertakings		-	280,950

Net cash used in financing activities		(738,404 )	(637,633 )



Decrease in cash and cash equivalents		(127,300 )	(97,204 )
Cash and cash equivalents at beginning of year	2	1,388,711	1,485,915

Cash and cash equivalents at end of year	2	1,261,411	1,388,711

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Chapple & Jenkins Ltd

Notes to the Statement of Cash Flows

For The Year Ended 31 January 2026

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2026	2025
	£	£
Profit for the financial year	1,099,345	766,041
Adjustments for:
Tax on profit	380,227	281,714
Interest expense	102,690	159,503
Interest income	(4,501 )	(11,674 )
Amortisation of intangible assets	2,000	2,000
Depreciation of tangible assets	247,082	191,010
Loss on disposal of tangible assets	18,933	291
Net fair value losses recognised in profit or loss	-	100,001
Movements in working capital:
Increase in stocks	(10,750 )	(194,699 )
Increase in trade and other debtors	(251,340 )	(459,334 )
Increase in trade and other creditors	250,401	472,484
Accrued expenses	(223,290)	158,527

Net cash generated from operations	1,610,797	1,465,864

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2026	2025
	£	£
Cash at bank and in hand	1,261,411	1,388,711

3. Analysis of changes in net debt

	As at 1 February 2025	Cash flows	As at 31 January 2026
	£	£	£
Cash at bank and in hand	1,388,711	(127,300)	1,261,411
Finance leases	(259,428)	(261,742)	(521,170)
Debts falling due within one year	(262,814 )	142,320	(120,494 )
Debts falling due after more than one year	(1,363,404)	575,804	(787,600)

	(496,935)	329,082	(167,853)

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Chapple & Jenkins Ltd

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Chapple & Jenkins Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06489298 . The registered office is Chapple & Jenkins Warehouse Unit 91, Station Road, Kingswood, Bristol, BS15 4NR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Leasehold	Not depreciated
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Investments

2.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Chapple & Jenkins Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Other Operating Income

	2026	2025
	£	£
Other operating income	60,000	60,000

	60,000	60,000

4. Operating Profit

The operating profit is stated after charging:

	2026	2025
	£	£
Bad debts	7,311	32,253
Depreciation of tangible fixed assets	247,082	191,010
Amortisation of intangible fixed assets	2,000	2,000

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Chapple & Jenkins Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2026	2025
	£	£
Audit Services
Audit of the company's financial statements	25,125	16,275

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2026	2025
	£	£
Wages and salaries	3,494,258	2,963,744
Other pension costs	61,601	52,791

	3,555,859	3,016,535

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2026	2025
Management	4	4
Production	79	73
Admin	18	16

	101	93

8. Directors' remuneration

	2026	2025
	£	£
Emoluments	28,440	37,920

9. Interest Receivable and Similar Income

	2026	2025
	£	£
Bank interest receivable	4,501	11,674

10. Interest Payable and Similar Charges

	2026	2025
	£	£
Finance charges payable under finance leases and hire purchase contracts	18,523	10,295
Other finance charges	84,167	149,208

	102,690	159,503

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Chapple & Jenkins Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	302,351	248,888
Deferred Tax
Deferred taxation			77,876	32,826


Total tax charge for the period			380,227	281,714

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2026	2025
	£	£
Profit before tax	1,479,572	1,047,755

Tax on profit at 25% (UK standard rate)	369,893	261,939
Goodwill/depreciation not allowed for tax	62,271	48,253
Expenses not deductible for tax purposes	9,535	14,316
Capital allowances	(139,348 )	(75,620 )
Short term timing differences	77,876	32,826

Total tax charge for the period	380,227	281,714

12. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	157,081

As at 31 January 2026	157,081

Amortisation
As at 1 February 2025	151,081
Provided during the period	2,000

As at 31 January 2026	153,081

Net Book Value
As at 31 January 2026	4,000

As at 1 February 2025	6,000

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Chapple & Jenkins Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

13. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 February 2025	1,053,402	2,121,343	582,502	1,067,513
Additions	-	35,698	35,781	436,797
Disposals	-	-	-	(247,300 )

As at 31 January 2026	1,053,402	2,157,041	618,283	1,257,010

Depreciation
As at 1 February 2025	-	177,213	249,791	536,835
Provided during the period	-	20,124	39,661	167,831
Disposals	-	-	-	(215,391 )

As at 31 January 2026	-	197,337	289,452	489,275

Net Book Value
As at 31 January 2026	1,053,402	1,959,704	328,831	767,735

As at 1 February 2025	1,053,402	1,944,130	332,711	530,678


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 February 2025	51,062	4,875,822
Additions	92,003	600,279
Disposals	-	(247,300 )

As at 31 January 2026	143,065	5,228,801

Depreciation
As at 1 February 2025	184,291	1,148,130
Provided during the period	19,466	247,082
Disposals	-	(215,391 )

As at 31 January 2026	203,757	1,179,821

Net Book Value
As at 31 January 2026	(60,692 )	4,048,980

As at 1 February 2025	(133,229 )	3,727,692

14. Investment Property

	2026
	£
Fair Value
As at 1 February 2025 and 31 January 2026	1,080,000

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Chapple & Jenkins Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

15. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost or Valuation
As at 1 February 2025	1,117,482	20,000	1,137,482

As at 31 January 2026	1,117,482	20,000	1,137,482

Provision
As at 1 February 2025	-	-	-

As at 31 January 2026	-	-	-

Net Book Value
As at 31 January 2026	1,117,482	20,000	1,137,482

As at 1 February 2025	1,117,482	20,000	1,137,482

16. Stocks

	2026	2025
	£	£
Stock	2,091,412	2,080,662

17. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	2,645,452	3,002,183
Amounts owed by group undertakings	950,000	500,000
Other debtors	320,113	162,042

	3,915,565	3,664,225

18. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	224,652	132,616
Trade creditors	2,057,665	2,283,993
Bank loans and overdrafts	120,494	262,814
Amounts owed to group undertakings	1,052,778	419,978
Other creditors	41,800	41,800
Corporation tax	24,040	35,890
Taxation and social security	150,673	306,744
Accruals and deferred income	581,383	804,673

	4,253,485	4,288,508

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Chapple & Jenkins Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

19. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	296,518	126,812
Bank loans	787,600	1,363,404

	1,084,118	1,490,216

20. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	120,494	262,814

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	787,600	1,363,404

21. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	224,652	132,616
Later than one year and not later than five years	296,518	126,812

	521,170	259,428

	521,170	259,428

22. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	375,834	297,958

23. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 February 2025	297,958	297,958
Additions	77,876	77,876

Balance at 31 January 2026	375,834	375,834

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Chapple & Jenkins Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

24. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	125	125

25. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £61,601 (2025: £52,791).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

26. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	282,022	294,511

Page 18