IRIS Accounts Production v23.3.1.45 09082897 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090828972022-06-30090828972023-06-30090828972022-07-012023-06-30090828972021-06-30090828972021-07-012022-06-30090828972022-06-3009082897ns10:Originalns15:EnglandWales2022-07-012023-06-3009082897ns14:PoundSterlingns10:Original2022-07-012023-06-3009082897ns10:Originalns10:Director12022-07-012023-06-3009082897ns10:Original2022-07-012023-06-3009082897ns10:Originalns10:Director22022-07-012023-06-3009082897ns10:Original2023-06-3009082897ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3009082897ns10:Originalns10:SmallEntities2022-07-012023-06-3009082897ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3009082897ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3009082897ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3009082897ns10:Originalns10:FullAccounts2022-07-012023-06-3009082897ns10:Original12022-07-012023-06-3009082897ns10:CompanySecretary1ns10:Original2022-07-012023-06-3009082897ns10:Originalns10:RegisteredOffice2022-07-012023-06-3009082897ns10:Original2022-06-3009082897ns10:Originalns5:CurrentFinancialInstruments2023-06-3009082897ns10:Originalns5:CurrentFinancialInstruments2022-06-3009082897ns10:Originalns5:Non-currentFinancialInstruments2023-06-3009082897ns10:Originalns5:Non-currentFinancialInstruments2022-06-3009082897ns5:ShareCapitalns10:Original2023-06-3009082897ns5:ShareCapitalns10:Original2022-06-3009082897ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3009082897ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3009082897ns10:Originalns5:NetGoodwill2022-07-012023-06-3009082897ns10:Originalns5:FurnitureFittings2022-07-012023-06-3009082897ns10:Originalns5:ComputerEquipment2022-07-012023-06-3009082897ns10:Original2021-07-012022-06-3009082897ns10:Originalns5:NetGoodwill2022-06-3009082897ns10:Originalns5:NetGoodwill2023-06-3009082897ns10:Originalns5:NetGoodwill2022-06-3009082897ns10:Originalns5:FurnitureFittings2022-06-3009082897ns10:Originalns5:ComputerEquipment2022-06-3009082897ns10:Original2022-06-3009082897ns10:Originalns5:FurnitureFittings2023-06-3009082897ns10:Originalns5:ComputerEquipment2023-06-3009082897ns10:Originalns5:FurnitureFittings2022-06-3009082897ns10:Originalns5:ComputerEquipment2022-06-3009082897ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3009082897ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3009082897ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3009082897ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-30
REGISTERED NUMBER: 09082897 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

HELLICHEM LIMITED

HELLICHEM LIMITED (REGISTERED NUMBER: 09082897)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HELLICHEM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: J S Schreiber
Mrs L V A Schreiber





SECRETARY: Mrs L V A Schreiber





REGISTERED OFFICE: 19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW





REGISTERED NUMBER: 09082897 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

HELLICHEM LIMITED (REGISTERED NUMBER: 09082897)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,064 1,367
2,064 1,367

CURRENT ASSETS
Debtors 6 99,175 98,133
Cash at bank 267,383 333,988
366,558 432,121
CREDITORS
Amounts falling due within one year 7 128,026 220,520
NET CURRENT ASSETS 238,532 211,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,596

212,968

CREDITORS
Amounts falling due after more than one
year

8

22,393

32,387
NET ASSETS 218,203 180,581

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 218,201 180,579
SHAREHOLDERS' FUNDS 218,203 180,581

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

HELLICHEM LIMITED (REGISTERED NUMBER: 09082897)

BALANCE SHEET - continued
30TH JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th January 2024 and were signed on its behalf by:




J S Schreiber - Director



Mrs L V A Schreiber - Director


HELLICHEM LIMITED (REGISTERED NUMBER: 09082897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Hellichem 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30th June 2023 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

HELLICHEM LIMITED (REGISTERED NUMBER: 09082897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. Provision is made where there is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 163,860
AMORTISATION
At 1st July 2022
and 30th June 2023 163,860
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 -

HELLICHEM LIMITED (REGISTERED NUMBER: 09082897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2022 1,582 19,721 21,303
Additions - 1,781 1,781
At 30th June 2023 1,582 21,502 23,084
DEPRECIATION
At 1st July 2022 1,158 18,778 19,936
Charge for year 214 870 1,084
At 30th June 2023 1,372 19,648 21,020
NET BOOK VALUE
At 30th June 2023 210 1,854 2,064
At 30th June 2022 424 943 1,367

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,168 86,723
Other debtors 1,936 9,339
Prepayments 1,071 2,071
99,175 98,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,954 9,707
Trade creditors 38,169 117,358
Tax 42,403 34,018
Social security and other taxes (357 ) 5,123
VAT 20,731 41,737
Other creditors 2,526 1,276
Directors' current accounts 11,900 9,051
Accrued expenses 2,700 2,250
128,026 220,520

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - > 1 year 22,393 32,387