Silverfin false 30/04/2023 01/05/2022 30/04/2023 Steven Michael Byford 30/04/2013 Dawn Julie Maile 01/09/2014 17 January 2024 The principal activity of the Company during the financial year was the wholesale trade of chemicals. 02157681 2023-04-30 02157681 bus:Director1 2023-04-30 02157681 bus:Director2 2023-04-30 02157681 2022-04-30 02157681 core:CurrentFinancialInstruments 2023-04-30 02157681 core:CurrentFinancialInstruments 2022-04-30 02157681 core:ShareCapital 2023-04-30 02157681 core:ShareCapital 2022-04-30 02157681 core:RevaluationReserve 2023-04-30 02157681 core:RevaluationReserve 2022-04-30 02157681 core:RetainedEarningsAccumulatedLosses 2023-04-30 02157681 core:RetainedEarningsAccumulatedLosses 2022-04-30 02157681 core:Goodwill 2022-04-30 02157681 core:Goodwill 2023-04-30 02157681 core:LandBuildings 2022-04-30 02157681 core:PlantMachinery 2022-04-30 02157681 core:Vehicles 2022-04-30 02157681 core:ComputerEquipment 2022-04-30 02157681 core:LandBuildings 2023-04-30 02157681 core:PlantMachinery 2023-04-30 02157681 core:Vehicles 2023-04-30 02157681 core:ComputerEquipment 2023-04-30 02157681 bus:OrdinaryShareClass1 2023-04-30 02157681 2022-05-01 2023-04-30 02157681 bus:FullAccounts 2022-05-01 2023-04-30 02157681 bus:SmallEntities 2022-05-01 2023-04-30 02157681 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 02157681 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 02157681 bus:Director1 2022-05-01 2023-04-30 02157681 bus:Director2 2022-05-01 2023-04-30 02157681 core:Goodwill core:TopRangeValue 2022-05-01 2023-04-30 02157681 core:PlantMachinery 2022-05-01 2023-04-30 02157681 core:Vehicles 2022-05-01 2023-04-30 02157681 core:ComputerEquipment 2022-05-01 2023-04-30 02157681 2021-05-01 2022-04-30 02157681 core:LandBuildings 2022-05-01 2023-04-30 02157681 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 02157681 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02157681 (England and Wales)

C.K. CHEMICALS LTD.

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

C.K. CHEMICALS LTD.

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

C.K. CHEMICALS LTD.

COMPANY INFORMATION

For the financial year ended 30 April 2023
C.K. CHEMICALS LTD.

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS Steven Michael Byford
Dawn Julie Maile
REGISTERED OFFICE 16-17 Lady Lane Industrial
Estate
Hadleigh
IP7 6BQ
United Kingdom
COMPANY NUMBER 02157681 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
C.K. CHEMICALS LTD.

BALANCE SHEET

As at 30 April 2023
C.K. CHEMICALS LTD.

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 769,358 468,658
769,358 468,658
Current assets
Stocks 5 160,781 238,160
Debtors 6 136,930 141,000
Cash at bank and in hand 105,082 112,969
402,793 492,129
Creditors: amounts falling due within one year 7 ( 81,622) ( 165,808)
Net current assets 321,171 326,321
Total assets less current liabilities 1,090,529 794,979
Provision for liabilities 8 ( 191,365) ( 5,295)
Net assets 899,164 789,684
Capital and reserves
Called-up share capital 9 1,800 1,800
Revaluation reserve 410,999 298,499
Profit and loss account 486,365 489,385
Total shareholders' funds 899,164 789,684

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of C.K. Chemicals Ltd. (registered number: 02157681) were approved and authorised for issue by the Board of Directors on 17 January 2024. They were signed on its behalf by:

Steven Michael Byford
Director
C.K. CHEMICALS LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
C.K. CHEMICALS LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C.K. Chemicals Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 16-17 Lady Lane Industrial, Estate, Hadleigh, IP7 6BQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 8

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2022 2,257 2,257
At 30 April 2023 2,257 2,257
Accumulated amortisation
At 01 May 2022 2,257 2,257
At 30 April 2023 2,257 2,257
Net book value
At 30 April 2023 0 0
At 30 April 2022 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 May 2022 450,000 51,743 49,500 8,780 560,023
Revaluations 300,000 0 0 0 300,000
Disposals 0 0 ( 23,000) 0 ( 23,000)
At 30 April 2023 750,000 51,743 26,500 8,780 837,023
Accumulated depreciation
At 01 May 2022 7,575 48,713 28,651 6,426 91,365
Charge for the financial year ( 7,575) 757 5,107 589 ( 1,122)
Disposals 0 0 ( 22,578) 0 ( 22,578)
At 30 April 2023 0 49,470 11,180 7,015 67,665
Net book value
At 30 April 2023 750,000 2,273 15,320 1,765 769,358
At 30 April 2022 442,425 3,030 20,849 2,354 468,658

5. Stocks

2023 2022
£ £
Stocks 160,781 238,160

6. Debtors

2023 2022
£ £
Trade debtors 114,459 99,919
Corporation tax 424 0
Other debtors 22,047 41,081
136,930 141,000

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 50,483 134,809
Taxation and social security 16,337 23,197
Other creditors 14,802 7,802
81,622 165,808

8. Provision for liabilities

2023 2022
£ £
Deferred tax 191,365 5,295

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1,800 Ordinary shares of £ 1.00 each 1,800 1,800

10. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Dividends paid 4,000 0

As at 30 April 2023, the company owed £2,000 to Steven Byford, company director.

As at 30 April 2023, the company owed £2,000 to Dawn Maile, company director.