IRIS Accounts Production v23.2.0.158 04316331 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043163312022-03-31043163312023-03-31043163312022-04-012023-03-31043163312021-03-31043163312021-04-012022-03-31043163312022-03-3104316331ns10:Originalns15:EnglandWales2022-04-012023-03-3104316331ns14:PoundSterlingns10:Original2022-04-012023-03-3104316331ns10:Originalns10:Director12022-04-012023-03-3104316331ns10:Original2022-04-012023-03-3104316331ns10:Originalns10:Director22022-04-012023-03-3104316331ns10:Original2023-03-3104316331ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104316331ns10:Originalns10:SmallEntities2022-04-012023-03-3104316331ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104316331ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104316331ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104316331ns10:Originalns10:FullAccounts2022-04-012023-03-3104316331ns10:Original12022-04-012023-03-3104316331ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104316331ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104316331ns10:Original2022-03-3104316331ns10:Originalns5:CurrentFinancialInstruments2023-03-3104316331ns10:Originalns5:CurrentFinancialInstruments2022-03-3104316331ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104316331ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104316331ns5:ShareCapitalns10:Original2023-03-3104316331ns5:ShareCapitalns10:Original2022-03-3104316331ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104316331ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104316331ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3104316331ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3104316331ns10:Original2021-04-012022-03-3104316331ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3104316331ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-03-3104316331ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3104316331ns10:Originalns5:FurnitureFittings2022-03-3104316331ns10:Originalns5:ComputerEquipment2022-03-3104316331ns10:Original2022-03-3104316331ns10:Originalns5:FurnitureFittings2022-04-012023-03-3104316331ns10:Originalns5:ComputerEquipment2022-04-012023-03-3104316331ns10:Originalns5:FurnitureFittings2023-03-3104316331ns10:Originalns5:ComputerEquipment2023-03-3104316331ns10:Originalns5:FurnitureFittings2022-03-3104316331ns10:Originalns5:ComputerEquipment2022-03-3104316331ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104316331ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104316331ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104316331ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-31
REGISTERED NUMBER: 04316331 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

FORCECHEM LIMITED

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORCECHEM LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S Gadhvi
Mrs K Shah





SECRETARY: S Gadhvi





REGISTERED OFFICE: 58 Acacia Road
Suite 29
London
NW8 6AG





REGISTERED NUMBER: 04316331 (England and Wales)





ACCOUNTANTS: All Rohit Accounting Ltd
115 Northumberland Road
North Harrow
Middlesex
HA2 7RB

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 103,081 60,299
Tangible assets 5 3,204 2,490
106,285 62,789

CURRENT ASSETS
Debtors 6 458,486 731,006
Cash at bank and in hand 46,231 120,169
504,717 851,175
CREDITORS
Amounts falling due within one year 7 672,271 690,721
NET CURRENT (LIABILITIES)/ASSETS (167,554 ) 160,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

(61,269

)

223,243

CREDITORS
Amounts falling due after more than one
year

8

81,842

234,069
NET LIABILITIES (143,111 ) (10,826 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (143,211 ) (10,926 )
SHAREHOLDERS' FUNDS (143,111 ) (10,826 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Balance Sheet - continued
31 March 2023


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 13 October 2023 and were signed on its behalf by:




S Gadhvi - Director



Mrs K Shah - Director


FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Forcechem 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Going concern
The company made a loss before taxation of £132,285 for the year and had net liabilities of £143,111 at that date.

On the basis that the directors have undertaken not to seek full repayment of their loan and will provide
additional support if necessary to meet the company's liabilities as and when they fall due, the accounts have been prepared on a going concern basis

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 60,299
Additions 42,782
At 31 March 2023 103,081
NET BOOK VALUE
At 31 March 2023 103,081
At 31 March 2022 60,299

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 14,932 19,280 34,212
Additions - 1,783 1,783
At 31 March 2023 14,932 21,063 35,995
DEPRECIATION
At 1 April 2022 14,613 17,109 31,722
Charge for year 80 989 1,069
At 31 March 2023 14,693 18,098 32,791
NET BOOK VALUE
At 31 March 2023 239 2,965 3,204
At 31 March 2022 319 2,171 2,490

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 221,674 337,921
Other debtors 235,578 392,752
Vat 1,234 333
458,486 731,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 100,433 13,600
Trade creditors 224,595 201,444
Social security and other taxes 2,276 95
Other creditors 1,685 4,170
Directors' current accounts 343,282 471,412
672,271 690,721

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 81,842 234,069