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REGISTERED NUMBER: 01767478 (England and Wales)












A.C.P. Chemicals Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






A.C.P. Chemicals Limited (Registered number: 01767478)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.C.P. Chemicals Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P C McGeever
D Mcgeever
C McGeever
A G McGeever





REGISTERED OFFICE: Unit 12, Progress Business Centre
Whittle Parkway
Slough
Berks
SL1 6DQ





REGISTERED NUMBER: 01767478 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

A.C.P. Chemicals Limited (Registered number: 01767478)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 151,308 151,919

CURRENT ASSETS
Stocks 134,308 -
Debtors 5 346,705 1,060,703
Cash at bank and in hand 394,581 18,271
875,594 1,078,974
CREDITORS
Amounts falling due within one year 6 (419,268 ) (537,473 )
NET CURRENT ASSETS 456,326 541,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

607,634

693,420

CAPITAL AND RESERVES
Called up share capital 20,010 20,010
Retained earnings 587,624 673,410
607,634 693,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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 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 9 April 2024 and were signed on its behalf by:




A G McGeever - Director



P C McGeever - Director


A.C.P. Chemicals Limited (Registered number: 01767478)

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

1. STATUTORY INFORMATION

A.C.P. Chemicals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

A.C.P. Chemicals Limited (Registered number: 01767478)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 146,000 34,032 180,032
DEPRECIATION
At 1 November 2022 - 28,113 28,113
Charge for year - 611 611
At 31 October 2023 - 28,724 28,724
NET BOOK VALUE
At 31 October 2023 146,000 5,308 151,308
At 31 October 2022 146,000 5,919 151,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 338,318 1,039,908
Other debtors 8,387 20,795
346,705 1,060,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 2,025 43,120
Trade creditors 265,273 279,054
Taxation and social security (5,625 ) 25,736
Other creditors 157,595 189,563
419,268 537,473