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REGISTERED NUMBER: 02444309 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

HAMCHEM LIMITED

HAMCHEM LIMITED (REGISTERED NUMBER: 02444309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAMCHEM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: P A Hammond
A Hammond
D P Hammond



SECRETARY: A Hammond



REGISTERED OFFICE: The Marmot
Kemnal Road
Chislehurst
Kent
BR7 6LT



REGISTERED NUMBER: 02444309 (England and Wales)



ACCOUNTANTS: Kelley & Lowe Limited
Gwynfa House
677 Princes Road
Dartford
Kent
DA2 6EF



BANKERS: Natwest Bank Plc
PO Box 731
87 Sidcup High Street
Sidcup
Kent
DA14 6UP

HAMCHEM LIMITED (REGISTERED NUMBER: 02444309)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,962 21,286

CURRENT ASSETS
Stocks 3,500 7,600
Debtors 5 42,024 51,003
Cash at bank and in hand 86,919 68,996
132,443 127,599
CREDITORS
Amounts falling due within one year 6 99,629 94,915
NET CURRENT ASSETS 32,814 32,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,776

53,970

CREDITORS
Amounts falling due after more than one
year

7

(2,042

)

(10,210

)

PROVISIONS FOR LIABILITIES (3,032 ) (4,044 )
NET ASSETS 43,702 39,716

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,602 39,616
SHAREHOLDERS' FUNDS 43,702 39,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

HAMCHEM LIMITED (REGISTERED NUMBER: 02444309)

BALANCE SHEET - continued
31 DECEMBER 2021


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 7 September 2022 and were signed on its behalf by:





D P Hammond - Director


HAMCHEM LIMITED (REGISTERED NUMBER: 02444309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Hamchem 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants received are recognised as income under the accruals model. During the year under review, the company received grants totalling £4,332.80 under the Coronavirus Job Retention Scheme.

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

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.

HAMCHEM LIMITED (REGISTERED NUMBER: 02444309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021
and 31 December 2021 10,258 3,180 39,462 1,231 54,131
DEPRECIATION
At 1 January 2021 9,361 3,065 19,189 1,230 32,845
Charge for year 226 29 5,068 1 5,324
At 31 December 2021 9,587 3,094 24,257 1,231 38,169
NET BOOK VALUE
At 31 December 2021 671 86 15,205 - 15,962
At 31 December 2020 897 115 20,273 1 21,286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 41,738 50,670
Other debtors 286 333
42,024 51,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 8,168 8,168
Trade creditors 16,052 21,712
Taxation and social security 20,876 22,196
Other creditors 54,533 42,839
99,629 94,915

HAMCHEM LIMITED (REGISTERED NUMBER: 02444309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Hire purchase contracts 2,042 10,210