Company No:
Contents
DIRECTORS | Jennifer Altstadt |
Craig Lundell |
REGISTERED OFFICE | 22 Chancery Lane |
London | |
WC2A 1LS | |
United Kingdom |
COMPANY NUMBER | 07271115 (England and Wales) |
AUDITOR | Dixon Wilson Audit Services LLP |
22 Chancery Lane | |
London | |
WC2A 1LS |
Note | 2021 | 2020 | ||
£ | £ | |||
Current assets | ||||
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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630,112 | 678,197 | |||
Creditors | ||||
Amounts falling due within one year | 4 | (
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Net current liabilities | (1,416,058) | (1,328,741) | ||
Total assets less current liabilities | (1,416,058) | (1,328,741) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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The financial statements of Sea-Land Chemical Europe Limited (registered number:
Jennifer Altstadt
Director |
Craig Lundell
Director |
Called-up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 01 January 2020 |
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Loss for the financial year |
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Total comprehensive loss |
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At 31 December 2020 |
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At 01 January 2021 |
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Loss for the financial year |
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Total comprehensive loss |
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At 31 December 2021 |
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The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Sea-Land Chemical Europe Limited (the Company) is a private company, limited by shares, incorporated in the England and Wales under the Companies Act 2006. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The financial statements have been prepared on a going concern basis.
The company relies on a loan from its parent, Sea-Land Chemical Europe Inc. The directors, having assessed the responses of the directors of Sea-Land Chemical Europe Inc to their enquiries, have no reason to believe that the support of the parent company will be withdrawn or that a material uncertainty exists that may cast significant doubt on the ability of Sea-Land Chemical Europe Limited to continue as a going concern.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.
Income from the sale of goods is recognised at the point of delivery to the customer.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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2021 | 2020 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2021 | 2020 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to Parent undertakings |
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Other creditors |
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Other taxation and social security |
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The audit report was signed by Steven Wakefield on behalf of Dixon Wilson Audit Services LLP.
Parent Company:
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821 Westpoint Parkway Westlake OH 44145 United States of America |
821 Westpoint Parkway
Westlake
OH 44145
United States of America