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REGISTERED NUMBER: 08626900 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Chemstore (UK) Limited

Chemstore (UK) Limited (Registered number: 08626900)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Chemstore (UK) Limited (Registered number: 08626900)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,542 1,631

CURRENT ASSETS
Debtors 5 532,149 681,682
Cash at bank and in hand 222,354 358,497
754,503 1,040,179
CREDITORS
Amounts falling due within one year 6 736,907 1,031,049
NET CURRENT ASSETS 17,596 9,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,138

10,761

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,038 10,661
19,138 10,761

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.

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

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 25 July 2024 and were signed on its behalf by:





S O'Carroll - Director


Chemstore (UK) Limited (Registered number: 08626900)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Chemstore (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08626900

Registered office: Room B102,
Trident Business Centre
89 Bickersteth Road
London
SW17 9SH

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Chemstore (UK) Limited (Registered number: 08626900)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 2,038 - 2,038
Additions - 477 477
At 31 December 2023 2,038 477 2,515
DEPRECIATION
At 1 January 2023 407 - 407
Charge for year 407 159 566
At 31 December 2023 814 159 973
NET BOOK VALUE
At 31 December 2023 1,224 318 1,542
At 31 December 2022 1,631 - 1,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 387,916 681,582
Amounts recoverable on contract 46,319 -
Other debtors 93,393 -
CIS recoverable 1,755 -
VAT 2,666 -
Called up share capital not paid 100 100
532,149 681,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 112,548 154,339
Tax 1,986 4,084
Social security and other taxes 26 -
VAT - 103,240
Other creditors 110,939 123,424
CMS Chemstore Engineering Ltd 497,627 620,237
Accrued expenses 13,781 25,725
736,907 1,031,049