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REGISTERED NUMBER: 06460270 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

BKY CHEMICAL SOLUTIONS LIMITED

BKY CHEMICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06460270)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BKY CHEMICAL SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: B H Robey





SECRETARY: Mrs C Robey





REGISTERED OFFICE: 28 Oak Road, Barton Under
Needwood
Burton On Trent
Staffordshire
DE13 8LR





REGISTERED NUMBER: 06460270 (England and Wales)





ACCOUNTANTS: MyTaxDone Limited
Chartered Accountants
26 Little Burton West
Burton upon Trent
Staffordshire
DE14 1PP

BKY CHEMICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06460270)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,575 105,697

CURRENT ASSETS
Stocks 70,000 39,695
Debtors 5 164,214 148,081
Cash at bank 85,360 91,798
319,574 279,574
CREDITORS
Amounts falling due within one year 6 209,971 187,846
NET CURRENT ASSETS 109,603 91,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,178

197,425

CREDITORS
Amounts falling due after more than
one year

7

-

5,000
NET ASSETS 195,178 192,425

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 194,178 191,425
195,178 192,425

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

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

BKY CHEMICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06460270)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 10 October 2023 and were signed by:





B H Robey - Director


BKY CHEMICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06460270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Bky Chemical Solutions 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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.


BKY CHEMICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06460270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2022 82,733 93,654 7,814
Additions - - 626
At 31 May 2023 82,733 93,654 8,440
DEPRECIATION
At 1 June 2022 36,863 43,113 5,553
Charge for year 8,273 10,108 454
At 31 May 2023 45,136 53,221 6,007
NET BOOK VALUE
At 31 May 2023 37,597 40,433 2,433
At 31 May 2022 45,870 50,541 2,261

BKY CHEMICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 06460270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 27,974 14,599 226,774
Additions - - 626
At 31 May 2023 27,974 14,599 227,400
DEPRECIATION
At 1 June 2022 21,333 14,215 121,077
Charge for year 1,660 253 20,748
At 31 May 2023 22,993 14,468 141,825
NET BOOK VALUE
At 31 May 2023 4,981 131 85,575
At 31 May 2022 6,641 384 105,697

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 145,159 140,166
Other debtors 19,055 7,915
164,214 148,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 5,000 6,000
Trade creditors 104,503 84,555
Taxation and social security 27,827 17,679
Other creditors 72,641 79,612
209,971 187,846

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans - 5,000