Company Registration No. 12303880 (England and Wales)
WAXCHEM LTD
Unaudited accounts
for the year ended 30 November 2021
WAXCHEM LTD
Unaudited accounts
Contents
WAXCHEM LTD
Company Information
for the year ended 30 November 2021
Director
Aram Kadir MAHMOOD
Company Number
12303880 (England and Wales)
Registered Office
16-20 REGENT STREET
LEEDS
LS2 7QA
ENGLAND
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
WAXCHEM LTD
Statement of financial position
as at 30 November 2021
Tangible assets
9,496
12,661
Cash at bank and in hand
3,127
1,287
Creditors: amounts falling due within one year
(15,796)
(15,953)
Net current liabilities
(9,211)
(9,829)
Called up share capital
1
1
Profit and loss account
284
2,831
Shareholders' funds
285
2,832
For the year ending 30 November 2021 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2022 and were signed on its behalf by
Aram Kadir MAHMOOD
Director
Company Registration No. 12303880
WAXCHEM LTD
Notes to the Accounts
for the year ended 30 November 2021
WAXCHEM LTD is a private company, limited by shares, registered in England and Wales, registration number 12303880. The registered office is 16-20 REGENT STREET, LEEDS, LS2 7QA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Motor vehicles
At 30 November 2021
15,826
At 30 November 2020
12,661
WAXCHEM LTD
Notes to the Accounts
for the year ended 30 November 2021
5
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
4,156
7,846
Other creditors
11,160
7,627
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).