IRIS Accounts Production v23.4.0.336 01555526 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015555262022-12-31015555262023-12-31015555262023-01-012023-12-31015555262021-12-31015555262022-01-012022-12-31015555262022-12-3101555526ns15:EnglandWales2023-01-012023-12-3101555526ns14:PoundSterling2023-01-012023-12-3101555526ns10:Director12023-01-012023-12-3101555526ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101555526ns10:SmallEntities2023-01-012023-12-3101555526ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3101555526ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101555526ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101555526ns10:AbridgedAccounts2023-01-012023-12-3101555526ns10:OrdinaryShareClass12023-01-012023-12-3101555526ns10:Director22023-01-012023-12-3101555526ns10:Director32023-01-012023-12-3101555526ns10:RegisteredOffice2023-01-012023-12-3101555526ns5:CurrentFinancialInstruments2023-12-3101555526ns5:CurrentFinancialInstruments2022-12-3101555526ns5:ShareCapital2023-12-3101555526ns5:ShareCapital2022-12-3101555526ns5:RetainedEarningsAccumulatedLosses2023-12-3101555526ns5:RetainedEarningsAccumulatedLosses2022-12-3101555526ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 01555526 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CLAREMONT CHEMICAL COMPANY LIMITED

CLAREMONT CHEMICAL COMPANY LIMITED (REGISTERED NUMBER: 01555526)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

CLAREMONT CHEMICAL COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr B C Pheby
Mrs M J Pheby
Mr S L Pheby





REGISTERED OFFICE: Unit 7
Upminster Trading Park
Warley Street
Upminster
Essex
RM14 3PJ





REGISTERED NUMBER: 01555526 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

CLAREMONT CHEMICAL COMPANY LIMITED (REGISTERED NUMBER: 01555526)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 301,412 305,130
Investments 5 1,500 1,500
302,912 306,630

CURRENT ASSETS
Stocks 520,255 508,922
Debtors 462,243 354,986
Cash at bank 1,026,243 829,344
2,008,741 1,693,252
CREDITORS
Amounts falling due within one year 374,965 209,492
NET CURRENT ASSETS 1,633,776 1,483,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,936,688

1,790,390

CAPITAL AND RESERVES
Called up share capital 7 150,000 150,000
Retained earnings 1,786,688 1,640,390
SHAREHOLDERS' FUNDS 1,936,688 1,790,390

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

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

CLAREMONT CHEMICAL COMPANY LIMITED (REGISTERED NUMBER: 01555526)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 April 2024 and were signed on its behalf by:





Mr S L Pheby - Director


CLAREMONT CHEMICAL COMPANY LIMITED (REGISTERED NUMBER: 01555526)

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

1. STATUTORY INFORMATION

Claremont Chemical Company 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 represents net income receivable from the sale of goods, excluding value added tax. Income is recognised in the period in which the company is contracted to deliver the goods to its customer or in the period that the goods are delivered to the customer's premises, whichever is later.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost of each asset, less any residual value, over its estimated useful life:

Computer equipment- 25% reducing balance
Improvements to property- 20% on cost
Fixtures and fittings- 25% reducing balance
Plant and machinery- 20% reducing balance

No depreciation is provided on freehold property on the basis that such a charge is not material based upon the building's estimated useful life, likely residual value, and the company's policy of maintaining the property to a high standard.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CLAREMONT CHEMICAL COMPANY LIMITED (REGISTERED NUMBER: 01555526)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 340,284
DEPRECIATION
At 1 January 2023 35,154
Charge for year 3,718
At 31 December 2023 38,872
NET BOOK VALUE
At 31 December 2023 301,412
At 31 December 2022 305,130

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 1,500
NET BOOK VALUE
At 31 December 2023 1,500
At 31 December 2022 1,500

6. SECURED DEBTS

The company has access to a temporary bank overdraft facility which is secured against the company premises.

CLAREMONT CHEMICAL COMPANY LIMITED (REGISTERED NUMBER: 01555526)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150,000 Ordinary £1 150,000 150,000

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLAREMONT CHEMICAL COMPANY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Claremont Chemical Company Limited for the year ended 31 December 2023 which comprise the Income Statement, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Claremont Chemical Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Claremont Chemical Company Limited and state those matters that we have agreed to state to the Board of Directors of Claremont Chemical Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Claremont Chemical Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Claremont Chemical Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Claremont Chemical Company Limited. You consider that Claremont Chemical Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Claremont Chemical Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


4 April 2024