Eurochem Ltd Filleted Accounts Cover
Eurochem Ltd
Company No. 03436442
Information for Filing with The Registrar
31 December 2022
Eurochem Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2022.
Principal activities
The principal activity of the company during the year under review was Commercial Traders.
Directors
The Directors who served at any time during the year were as follows:
R.S. Sandhu
A.J. Staudinger
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A.J. Staudinger
Company Secretary
30 January 2024
Eurochem Ltd Balance Sheet Registrar
at
31 December 2022
Company No.
03436442
Notes
2022
2021
£
£
Fixed assets
Tangible assets
4
2,8651,849
2,8651,849
Current assets
Debtors
5
425,963506,537
Cash at bank and in hand
286,14544,256
712,108550,793
Creditors: Amount falling due within one year
6
(243,040)
(157,985)
Net current assets
469,068392,808
Total assets less current liabilities
471,933394,657
Creditors: Amounts falling due after more than one year
7
-
(17,667)
Net assets
471,933376,990
Capital and reserves
Called up share capital
5,0005,000
Profit and loss account
8
466,933371,990
Total equity
471,933376,990
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 January 2024
And signed on its behalf by:
R.S. Sandhu
Director
30 January 2024
Eurochem Ltd Notes to the Accounts Registrar
for the year ended 31 December 2022
1
General information
Its registered number is: 03436442
Its registered office is:
21 Ledbury Place
Croydon
Surrey
CR0 1ET
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
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 rate 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 differences.
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account.
Pension benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
34
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2022
14,24859114,839
Additions
1,522-1,522
At 31 December 2022
15,77059116,361
Depreciation
At 1 January 2022
12,75024012,990
Charge for the year
45353506
At 31 December 2022
13,20329313,496
Net book values
At 31 December 2022
2,5672982,865
At 31 December 2021
1,4983511,849
5
Debtors
2022
2021
£
£
Trade debtors
154,995113,234
Amounts owed by group undertakings
38,21997,246
Other debtors
135,18332,692
Prepayments and accrued income
97,566263,365
425,963506,537
6
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
42,79316,309
Other loans
-68,571
Trade creditors
98,89661,786
Corporation tax
19,9095,258
Other taxes and social security
1,747
(482)
Loans from directors
1,6851,868
Other creditors
58,3824,675
Accruals and deferred income
19,628-
243,040157,985
7
Creditors:
amounts falling due after more than one year
2022
2021
£
£
Other creditors
-17,667
-17,667
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2022
2021
£
£
Dividends for the period:
Dividends paid in the period
1,536
6,146
1,536
6,146
Dividends by type:
Equity dividends
1,5366,146
1,536
6,146
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