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REGISTERED NUMBER: 04183900 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2022

for

Chempac Solutions Limited

Chempac Solutions Limited (Registered number: 04183900)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Chempac Solutions Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: B Weedon
B D Weedon





SECRETARY: Mrs S A Weedon





REGISTERED OFFICE: Unit 45
The Heathers Industrial Estate
Freemen's Common Road
Leicester
LE2 7SQ





REGISTERED NUMBER: 04183900 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chempac Solutions Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chempac Solutions Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chempac Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chempac Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Chempac Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chempac Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chempac Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chempac Solutions Limited. You consider that Chempac Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chempac Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


8 September 2022

Chempac Solutions Limited (Registered number: 04183900)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,039 10,712

CURRENT ASSETS
Stocks 26,695 33,212
Debtors 5 89,619 92,663
Cash at bank and in hand 114,640 140,499
230,954 266,374
CREDITORS
Amounts falling due within one year 6 83,633 79,830
NET CURRENT ASSETS 147,321 186,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,360

197,256

PROVISIONS FOR LIABILITIES 2,857 2,035
NET ASSETS 159,503 195,221

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 159,403 195,121
SHAREHOLDERS' FUNDS 159,503 195,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Chempac Solutions Limited (Registered number: 04183900)

Balance Sheet - continued
31 March 2022


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 8 September 2022 and were signed on its behalf by:





B Weedon - Director


Chempac Solutions Limited (Registered number: 04183900)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

Chempac Solutions 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.

Turnover
Turnover represents sales of goods net of VAT.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Chempac Solutions Limited (Registered number: 04183900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 2,670 703 32,713 8,130 44,216
Additions 8,500 226 - - 8,726
Disposals (2,670 ) - - - (2,670 )
At 31 March 2022 8,500 929 32,713 8,130 50,272
DEPRECIATION
At 1 April 2021 2,620 422 23,321 7,141 33,504
Charge for year 1,700 102 2,349 198 4,349
Eliminated on disposal (2,620 ) - - - (2,620 )
At 31 March 2022 1,700 524 25,670 7,339 35,233
NET BOOK VALUE
At 31 March 2022 6,800 405 7,043 791 15,039
At 31 March 2021 50 281 9,392 989 10,712

Chempac Solutions Limited (Registered number: 04183900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 82,977 83,821
Directors' current accounts - 1,170
Tax 1,024 1,658
Prepayments and accrued income 5,618 6,014
89,619 92,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 16,981 16,927
Corporation tax 2,511 30,334
VAT 4,814 16,033
Other creditors 22,684 2,978
Directors' current accounts 28,021 380
Accruals and deferred income 8,622 13,178
83,633 79,830

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
£    £   
B D Weedon
Balance outstanding at start of year 1,170 3,150
Amounts repaid (1,170 ) (1,980 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,170

The above loan is interest free and repayable on demand.