2022-11-01 06502406 2023-10-31 06502406 2022-11-01 2023-10-31 06502406 2022-10-31 06502406 2021-11-01 2022-10-31 06502406 uk-core:WithinOneYear 2022-10-31 06502406 uk-core:WithinOneYear 2023-10-31 06502406 uk-core:AfterOneYear 2022-10-31 06502406 uk-core:AfterOneYear 2023-10-31 06502406 uk-core:ShareCapital 2023-10-31 06502406 uk-core:ShareCapital 2022-10-31 06502406 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 06502406 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 06502406 uk-bus:Director1 2022-11-01 2023-10-31 06502406 uk-core:Buildings 2022-11-01 2023-10-31 06502406 uk-core:PlantMachinery 2022-11-01 2023-10-31 06502406 uk-core:ComputerEquipment 2022-11-01 2023-10-31 06502406 uk-core:CommercialMotorVehicles 2022-11-01 2023-10-31 06502406 uk-core:FurnitureFittings 2022-11-01 2023-10-31 06502406 uk-core:ComputerEquipment 2022-10-31 06502406 uk-core:FurnitureFittings 2022-10-31 06502406 uk-core:PlantMachinery 2022-10-31 06502406 uk-core:Buildings 2022-10-31 06502406 uk-core:PlantMachinery 2023-10-31 06502406 uk-core:FurnitureFittings 2023-10-31 06502406 uk-core:ComputerEquipment 2023-10-31 06502406 uk-core:Buildings 2023-10-31 06502406 uk-core:WithinOneYear 2023-10-31 06502406 uk-core:WithinOneYear 2022-10-31 06502406 uk-core:AfterOneYear uk-core:Secured 2023-10-31 06502406 uk-core:AfterOneYear uk-core:Secured 2022-10-31 iso4217:GBP xbrli:pure 06502406 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06502406 uk-bus:FRS102 2022-11-01 2023-10-31 06502406 uk-bus:FullAccounts 2022-11-01 2023-10-31 06502406 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Edu-Chem Ltd
Registered Number:06502406
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Edu-Chem Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06502406
As at 31 October 2023
Edu-Chem Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
3,998
6,164
2
3,998
6,164
Current assets
Inventories
120,383
104,766
3
Trade and other receivables
109,078
139,363
4
36,414
Cash and cash equivalents
20,599
264,728
265,875
Trade and other payables: amounts falling due within one
year
(131,048)
(130,184)
5
134,827
134,544
Net current assets
Total assets less current liabilities
138,542
140,991
Trade and other payables: amounts falling due after more
than one year
(35,963)
(30,636)
6
107,906
Net assets
105,028
Capital and reserves
Called up share capital
2
2
Retained earnings
107,904
105,026
107,906
105,028
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ms Deborah Kemp Director
These financial statements were approved and authorised for issue by the Board on 08 December 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2023
Edu-Chem Ltd
Notes to the Financial Statements
Statutory Information
Edu-Chem Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
06502406.
Registered address:
10 Thurlow Street
Stowell Technical Park
Salford
Manchester
M50 2UX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
4% Straight line
Plant and Machinery
25% Reducing balance
20% Straight line
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 at the date of transaction. Exchange rate 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 for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 October 2023
Edu-Chem Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 November 2022
59,879
22,701
2,907
22,771
11,500
317
317
-
-
-
Additions
At 31 October 2023
22,771
2,907
23,018
60,196
11,500
Provision for depreciation and impairment
At 01 November 2022
53,715
22,618
2,744
22,653
5,700
Charge for year
2,483
114
40
29
2,300
At 31 October 2023
56,198
22,732
2,784
22,682
8,000
At 31 October 2023
Net book value
3,500
89
123
286
3,998
At 31 October 2022
5,800
118
163
83
6,164
3. Inventories
2022
2023
£
£
Stocks
104,766
120,383
4. Trade and other receivables
2022
2023
£
£
Trade debtors
125,994
108,353
Other debtors
13,369
725
109,078
139,363
The debtors above include the following amounts falling due after more than one year:
Other debtors
9,779
725
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6
For the year ended 31 October 2023
Edu-Chem Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
6,480
6,922
Trade creditors
116,152
111,755
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
4,499
4,679
Taxation and social security
1,653
6,389
Other creditors
1,400
1,303
130,184
131,048
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
30,636
35,963
7. Related party transactions
At the Balance sheet date the company was owed £4,499 ( 2022 £4,679) by Trafford Moor Holdings Ltd a company
under the control of the Directors.
8. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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