George Chapman (Norton) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 00836975

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		16,764		17,958

			16,764		17,958
CURRENT ASSETS
Stocks	5	47,350		47,350
Debtors	6	-		1,044
Cash at bank and in hand		37,073		35,317

		84,423		83,711
Creditors: Amounts Falling Due Within One Year	7	(33,740 )		(27,609 )

NET CURRENT ASSETS (LIABILITIES)			50,683		56,102

TOTAL ASSETS LESS CURRENT LIABILITIES			67,447		74,060

Creditors: Amounts Falling Due After More Than One Year	8		(412,494 )		(196,480 )

NET LIABILITIES			(345,047 )		(122,420 )

CAPITAL AND RESERVES
Called up share capital	9		723		723
Profit and Loss Account			(345,770 )		(123,143 )

SHAREHOLDERS' FUNDS			(345,047)		(122,420)

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George Chapman (Norton) Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs D Chapman

Director

21st November 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

George Chapman (Norton) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00836975 . The registered office is Moyola House, 31 Hawthorne Grove, York, YO31 7YA.

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 section 1A Small Entities "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. 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	No depreciation
Plant & Machinery	15% reducing balance
Computer Equipment	33.3% straight line

2.4. 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 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2024	10,000	52,136	1,104	63,240

As at 28 February 2025	10,000	52,136	1,104	63,240

Depreciation
As at 1 March 2024	-	44,178	1,104	45,282
Provided during the period	-	1,194	-	1,194

As at 28 February 2025	-	45,372	1,104	46,476

...CONTINUED

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George Chapman (Norton) Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

Net Book Value
As at 28 February 2025	10,000	6,764	-	16,764

As at 1 March 2024	10,000	7,958	-	17,958

5. Stocks

	2025	2024
	£	£
Stock	47,350	47,350

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	1,044

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	782	11,019
Other taxes and social security	2,620	4,286
VAT	9,477	1,837
Pension liability	-	102
Accruals and deferred income	2,750	3,120
Directors' loan accounts	18,111	7,245

	33,740	27,609

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

	2025	2024
	£	£
Amounts owed to parent undertaking	412,494	196,480

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	723	723

10. Related Party Transactions

During the year the company had transactions with a group company. At the year end the amounts owed to the group company were £416,494 (2024: £196,480)

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