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Company Registration No. 07672056 (England and Wales)
Health-Chem Limited Filleted accounts for the year ended 30 June 2023
Health-Chem Limited Filleted accounts Contents
Page
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Health-Chem Limited Company Information for the year ended 30 June 2023
Directors
Aftab Ali Ibrahim Tayub Moosa
Company Number
07672056 (England and Wales)
Registered Office
354 Westdale Lane Mapperley Nottingham NG3 6ET
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Health-Chem Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
312,539 
312,539 
Current assets
Inventories
40,000 
41,000 
Debtors
45,498 
40,235 
Cash at bank and in hand
133,368 
188,445 
218,866 
269,680 
Creditors: amounts falling due within one year
(206,566)
(238,677)
Net current assets
12,300 
31,003 
Net assets
324,839 
343,542 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
324,739 
343,442 
Shareholders' funds
324,839 
343,542 
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2024 and were signed on its behalf by
Aftab Ali Director Company Registration No. 07672056
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Health-Chem Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Health-Chem Limited is a private company, limited by shares, registered in England and Wales, registration number 07672056. The registered office is 354 Westdale Lane, Mapperley, Nottingham, NG3 6ET.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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.
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Health-Chem Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
312,539 
55,036 
367,575 
At 30 June 2023
312,539 
55,036 
367,575 
Depreciation
At 1 July 2022
- 
55,036 
55,036 
At 30 June 2023
- 
55,036 
55,036 
Net book value
At 30 June 2023
312,539 
- 
312,539 
At 30 June 2022
312,539 
- 
312,539 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
45,110 
40,235 
Other debtors
388 
- 
45,498 
40,235 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
469 
14,890 
Trade creditors
163,294 
177,708 
Taxes and social security
38,346 
36,470 
Other creditors
3,144 
8,296 
Accruals
1,313 
1,313 
206,566 
238,677 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 12 (2022: 10).
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