IRIS Accounts Production v24.1.4.33 04316331 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043163312023-03-31043163312024-03-31043163312023-04-012024-03-31043163312022-03-31043163312022-04-012023-03-31043163312023-03-3104316331ns15:EnglandWales2023-04-012024-03-3104316331ns14:PoundSterling2023-04-012024-03-3104316331ns10:Director12023-04-012024-03-3104316331ns10:Director22023-04-012024-03-3104316331ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104316331ns10:SmallEntities2023-04-012024-03-3104316331ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104316331ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104316331ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104316331ns10:FullAccounts2023-04-012024-03-310431633112023-04-012024-03-3104316331ns10:CompanySecretary12023-04-012024-03-3104316331ns10:RegisteredOffice2023-04-012024-03-3104316331ns5:CurrentFinancialInstruments2024-03-3104316331ns5:CurrentFinancialInstruments2023-03-3104316331ns5:Non-currentFinancialInstruments2024-03-3104316331ns5:Non-currentFinancialInstruments2023-03-3104316331ns5:ShareCapital2024-03-3104316331ns5:ShareCapital2023-03-3104316331ns5:RetainedEarningsAccumulatedLosses2024-03-3104316331ns5:RetainedEarningsAccumulatedLosses2023-03-3104316331ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104316331ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-012024-03-3104316331ns5:FurnitureFittings2023-04-012024-03-3104316331ns5:ComputerEquipment2023-04-012024-03-3104316331ns5:IntangibleAssetsOtherThanGoodwill2023-03-3104316331ns5:IntangibleAssetsOtherThanGoodwill2024-03-3104316331ns5:IntangibleAssetsOtherThanGoodwill2023-03-3104316331ns5:FurnitureFittings2023-03-3104316331ns5:ComputerEquipment2023-03-3104316331ns5:FurnitureFittings2024-03-3104316331ns5:ComputerEquipment2024-03-3104316331ns5:FurnitureFittings2023-03-3104316331ns5:ComputerEquipment2023-03-3104316331ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104316331ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104316331ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3104316331ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31
REGISTERED NUMBER: 04316331 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FORCECHEM LIMITED

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORCECHEM LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Gadhvi
Mrs K Shah





SECRETARY: S Gadhvi





REGISTERED OFFICE: 58 Acacia Road
Suite 29
London
NW8 6AG





REGISTERED NUMBER: 04316331 (England and Wales)





ACCOUNTANTS: All Rohit Accounting Ltd
115 Northumberland Road
North Harrow
Middlesex
HA2 7RB

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 473,837 103,081
Tangible assets 5 3,309 3,204
477,146 106,285

CURRENT ASSETS
Debtors 6 392,330 458,486
Cash at bank and in hand 53,131 46,231
445,461 504,717
CREDITORS
Amounts falling due within one year 7 661,109 672,271
NET CURRENT LIABILITIES (215,648 ) (167,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,498

(61,269

)

CREDITORS
Amounts falling due after more than one
year

8

469,575

81,842
NET LIABILITIES (208,077 ) (143,111 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (208,177 ) (143,211 )
SHAREHOLDERS' FUNDS (208,077 ) (143,111 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Balance Sheet - continued
31 March 2024


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 15 July 2024 and were signed on its behalf by:




S Gadhvi - Director



Mrs K Shah - Director


FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Forcechem 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Going concern
The company made a loss before taxation of £64,966 for the year and had net liabilities of £208,077 at that date.

On the basis that the directors have undertaken not to seek full repayment of their loan and will provide additional support if necessary to meet the company's liabilities as an when they fall due, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 103,081
Additions 370,756
At 31 March 2024 473,837
NET BOOK VALUE
At 31 March 2024 473,837
At 31 March 2023 103,081

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 14,932 21,063 35,995
Additions - 1,208 1,208
At 31 March 2024 14,932 22,271 37,203
DEPRECIATION
At 1 April 2023 14,693 18,098 32,791
Charge for year 60 1,043 1,103
At 31 March 2024 14,753 19,141 33,894
NET BOOK VALUE
At 31 March 2024 179 3,130 3,309
At 31 March 2023 239 2,965 3,204

FORCECHEM LIMITED (REGISTERED NUMBER: 04316331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 361,246 221,674
Other debtors 28,213 235,578
Vat 2,871 1,234
392,330 458,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 119,881 100,433
Trade creditors 160,285 224,595
Social security and other taxes 4,700 2,276
Other creditors 373,443 1,685
Directors' current accounts 2,800 343,282
661,109 672,271

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 469,575 81,842

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Cerigo Additives Private Limited , a company incorporated in India.