CHEMTEK LIMITED

Company Registration Number:
06918111 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

CHEMTEK LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

CHEMTEK LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 103,697 116,659
Tangible assets: 4 825,615 798,328
Investments:   0 0
Total fixed assets: 929,312 914,987
Current assets
Stocks: 42,251 29,750
Debtors: 5 623,058 643,265
Cash at bank and in hand: 164,308 131,313
Total current assets: 829,617 804,328
Creditors: amounts falling due within one year: 6 (786,010) (721,987)
Net current assets (liabilities): 43,607 82,341
Total assets less current liabilities: 972,919 997,328
Creditors: amounts falling due after more than one year: 7 (398,167) (504,330)
Provision for liabilities: (131,525) (112,856)
Total net assets (liabilities): 443,227 380,142
Capital and reserves
Called up share capital: 100 100
Share premium account: 19,970 19,970
Revaluation reserve:813,20613,206
Profit and loss account: 409,951 346,866
Shareholders funds: 443,227 380,142

The notes form part of these financial statements

CHEMTEK LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 November 2023
and signed on behalf of the board by:

Name: V C Marcantonio
Status: Director

The notes form part of these financial statements

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 10 10

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Intangible Assets

Total
Cost £
At 01 June 2022 259,243
At 31 May 2023 259,243
Amortisation
At 01 June 2022 142,584
Charge for year 12,962
At 31 May 2023 155,546
Net book value
At 31 May 2023 103,697
At 31 May 2022 116,659

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible Assets

Total
Cost £
At 01 June 2022 1,090,027
Additions 156,583
Disposals (49,000)
At 31 May 2023 1,197,610
Depreciation
At 01 June 2022 291,699
Charge for year 109,269
On disposals (28,973)
At 31 May 2023 371,995
Net book value
At 31 May 2023 825,615
At 31 May 2022 798,328

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 125,060 125,060

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due within one year note

2023 2022Bank loans and overdrafts 28202 18182 Amounts due under finance leasesand hire purchase contracts payable by instalments 78002 68698Amounts due under recoursefactoring agreement 393212 373543Trade creditors 128260 123808Taxation and social security costs 38607 27390Accruals 1280 953Other creditors 118447 109413Total 786010 721987

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

7. Creditors: amounts falling due after more than one year note

2023 2022Bank loans repayable by instalments 69616 106168Amounts due under finance leases andhire purchase contracts repayable byinstalments 196297 231403Other creditors not by instalments 14943 16943Other creditors by instalments 117311 149816 Total 398167 504330

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

8. Revaluation reserve

2023
£
Balance at 01 June 2022 13,206
Surplus or deficit after revaluation 0
Balance at 31 May 2023 13,206

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

9. Loans to directors

Name of director receiving advance or credit: Vincent Marcantonio
Description of the loan: Property loan under a formal loan agreement.
£
Balance at 01 June 2022 125,060
Advances or credits made: 0
Advances or credits repaid: 0
Balance at 31 May 2023 125,060

On 31st May 2021 the company entered a loan agreement with its director V.C.Marcantonio in the sum of £125000.00 The loan is unsecured.At the year end the balance due to the company totalled £125060.00 The loan is repayable on or before 31st May 2031 and carries interest at 2% per annum increasing to 2.25% per annum from April 2023.