IRIS Accounts Production v23.3.1.45 09198727 director 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure091987272022-04-30091987272023-04-30091987272022-05-012023-04-30091987272021-04-30091987272021-05-012022-04-30091987272022-04-3009198727ns16:EnglandWales2022-05-012023-04-3009198727ns15:PoundSterling2022-05-012023-04-3009198727ns11:Director12022-05-012023-04-3009198727ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3009198727ns11:SmallEntities2022-05-012023-04-3009198727ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-3009198727ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3009198727ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3009198727ns11:FullAccounts2022-05-012023-04-3009198727ns11:RegisteredOffice2022-05-012023-04-3009198727ns6:CurrentFinancialInstruments2023-04-3009198727ns6:CurrentFinancialInstruments2022-04-3009198727ns6:Non-currentFinancialInstruments2023-04-3009198727ns6:Non-currentFinancialInstruments2022-04-3009198727ns6:ShareCapital2023-04-3009198727ns6:ShareCapital2022-04-3009198727ns6:CapitalRedemptionReserve2023-04-3009198727ns6:CapitalRedemptionReserve2022-04-3009198727ns6:RetainedEarningsAccumulatedLosses2023-04-3009198727ns6:RetainedEarningsAccumulatedLosses2022-04-3009198727ns6:CostValuation2022-04-3009198727ns6:Secured2023-04-3009198727ns6:Secured2022-04-30
REGISTERED NUMBER: 09198727 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Confederate Chemicals GRP Limited

Confederate Chemicals GRP Limited (Registered number: 09198727)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Confederate Chemicals GRP Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: I M Yarlott





REGISTERED OFFICE: Unit K
Mochdre Industrial Estate
Mochdre
Newtown
Powys
SY16 4LE





REGISTERED NUMBER: 09198727 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Confederate Chemicals GRP Limited (Registered number: 09198727)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 917,965 917,965

CURRENT ASSETS
Debtors 5 117,878 145,666

CREDITORS
Amounts falling due within one year 6 31,776 54,668
NET CURRENT ASSETS 86,102 90,998
TOTAL ASSETS LESS CURRENT LIABILITIES 1,004,067 1,008,963

CREDITORS
Amounts falling due after more than one
year

7

94,954

108,968
NET ASSETS 909,113 899,995

CAPITAL AND RESERVES
Called up share capital 8,750 8,750
Capital redemption reserve 200,000 200,000
Retained earnings 700,363 691,245
909,113 899,995

Confederate Chemicals GRP Limited (Registered number: 09198727)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 7 November 2023 and were signed by:





I M Yarlott - Director


Confederate Chemicals GRP Limited (Registered number: 09198727)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Confederate Chemicals GRP 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Group accounts not prepared
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Confederate Chemicals GRP Limited (Registered number: 09198727)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

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 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 May 2022
and 30 April 2023 917,965
NET BOOK VALUE
At 30 April 2023 917,965
At 30 April 2022 917,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed by group undertakings 117,878 145,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 14,272 13,264
Other creditors 17,504 41,404
31,776 54,668

Confederate Chemicals GRP Limited (Registered number: 09198727)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 94,954 108,968

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 109,226 122,232

At 30 April 2023, the company had borrowings of £109,226 (2022 - £122,232) which are secured via fixed and floating charges in favour of Barclays Bank plc. The company has a cross guarantee with Cambrian Solvents Limited (wholly owned subsidiary) for all banking facilities utilised by either company, securing all amounts on the assets of the group.

9. RELATED PARTY DISCLOSURES

Key management


The loan from key management is interest free and repayable on demand.

30.4.23 30.4.22
£    £   
Amount due to related party at the balance sheet date 16,354 40,024