REGISTERED NUMBER: 01188011 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th February 2025

for

CATTERALL & WOOD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A W Catterall

Mr C Catterall

REGISTERED OFFICE:

Unit 2, Primrose Bank Mill

Friday Street

Chorley

Lancashire

PR6 0AH

REGISTERED NUMBER:

01188011 (England and Wales)

ACCOUNTANTS:

BK Plus - Chorley

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Tangible assets

4

170,672

172,565

CURRENT ASSETS

Stocks

5

25,623

58,691

Debtors

6

41,673

37,508

Cash at bank and in hand

50,240

41,476

117,536

137,675

CREDITORS

Amounts falling due within one year

7

67,329

76,912

NET CURRENT ASSETS

50,207

60,763

TOTAL ASSETS LESS CURRENT LIABILITIES

220,879

233,328

CREDITORS

Amounts falling due after more than one year

8

(30,011

)

(35,824

)

PROVISIONS FOR LIABILITIES

(5,583

)

(6,344

)

NET ASSETS

185,285

191,160

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Non distributable reserves

119,783

119,500

Retained earnings

64,502

70,660

SHAREHOLDERS' FUNDS

185,285

191,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th October 2025 and were signed on its behalf by:

Mr A W Catterall - Director

Mr C Catterall - Director

1.	STATUTORY INFORMATION

Catterall & Wood Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Other financial liabilities

In a departure from FRS 102 Section 1A for small entities, no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1st March 2024

and 28th February 2025

165,000

74,692

9,370

4,221

253,283

DEPRECIATION

At 1st March 2024

-

72,552

4,120

4,046

80,718

Charge for year

-

536

1,313

44

1,893

At 28th February 2025

-

73,088

5,433

4,090

82,611

NET BOOK VALUE

At 28th February 2025

165,000

1,604

3,937

131

170,672

At 29th February 2024

165,000

2,140

5,250

175

172,565

Cost or valuation at 28th February 2025 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2011

209,236

-

-

-

209,236

Valuation in 2021

(85,000

)

-

-

-

(85,000

)

Cost

40,764

74,692

9,370

4,221

129,047

165,000

74,692

9,370

4,221

253,283

The freehold property was valued on an open market basis on 28 February 2021 by an independent valuer using the fair value method.

5.

STOCKS

28.2.25

29.2.24

£

£

Raw materials

25,623

58,691

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

37,813

33,363

Amounts recoverable on contract

2,060

2,945

Prepayments

1,800

1,200

41,673

37,508

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts (see note 9)

4,632

4,518

Trade creditors

40,636

43,904

Tax

11,319

15,738

Social security and other taxes

1,372

2,102

VAT

4,681

5,997

Accruals

4,689

4,653

67,329

76,912

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans (see note 9)

21,032

25,663

Directors' loan accounts

8,979

10,161

30,011

35,824

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,307

6,423

9.

LOANS

The bank loan represents a "Bounce Back" loan which is a Government-backed loan in relation to Covid-19.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

10,000

Ordinary

£0.10

1,000

1,000

11.	RELATED PARTY DISCLOSURES

Included in creditors, amounts due after one year, are loans from the directors of £8,979 (2024: £10,161). There is no interest charged on these loans. The directors don't intend to request payment until such time that the company can sustain it, and therefore they consider the company to be a going concern.