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REGISTERED NUMBER: 04457291 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SPANJER CHEMICALS LIMITED

SPANJER CHEMICALS LIMITED (REGISTERED NUMBER: 04457291)






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


SPANJER CHEMICALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: G A Warriner





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 04457291 (England and Wales)





AUDITORS: John Williams & Co Limited
Chartered Certified Accountants
Statutory Auditors
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

SPANJER CHEMICALS LIMITED (REGISTERED NUMBER: 04457291)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 680,381 494,120
680,381 494,120

CURRENT ASSETS
Stocks 6 628,048 731,230
Debtors 7 1,903,596 2,047,236
Cash at bank and in hand 575,197 444,222
3,106,841 3,222,688
CREDITORS
Amounts falling due within one year 8 1,426,140 1,472,055
NET CURRENT ASSETS 1,680,701 1,750,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,361,082

2,244,753

CREDITORS
Amounts falling due after more than one
year

9

(104,064

)

(176,662

)

PROVISIONS FOR LIABILITIES 12 (112,292 ) (81,817 )
NET ASSETS 2,144,726 1,986,274

CAPITAL AND RESERVES
Called up share capital 13 101 101
Retained earnings 14 2,144,625 1,986,173
SHAREHOLDERS' FUNDS 2,144,726 1,986,274

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 director and authorised for issue on 26 July 2024 and were signed by:





G A Warriner - Director


SPANJER CHEMICALS LIMITED (REGISTERED NUMBER: 04457291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Spanjer 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK, not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

SPANJER CHEMICALS LIMITED (REGISTERED NUMBER: 04457291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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 35 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 40,000
AMORTISATION
At 1 November 2022
and 31 October 2023 40,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 94,598 722,160 14,831
Additions - 298,075 -
At 31 October 2023 94,598 1,020,235 14,831
DEPRECIATION
At 1 November 2022 35,405 321,941 10,577
Charge for year 8,879 104,745 850
At 31 October 2023 44,284 426,686 11,427
NET BOOK VALUE
At 31 October 2023 50,314 593,549 3,404
At 31 October 2022 59,193 400,219 4,254

SPANJER CHEMICALS LIMITED (REGISTERED NUMBER: 04457291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 29,950 20,268 881,807
Additions - 13,697 311,772
At 31 October 2023 29,950 33,965 1,193,579
DEPRECIATION
At 1 November 2022 7,488 12,276 387,687
Charge for year 5,615 5,422 125,511
At 31 October 2023 13,103 17,698 513,198
NET BOOK VALUE
At 31 October 2023 16,847 16,267 680,381
At 31 October 2022 22,462 7,992 494,120

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 November 2022 57,305
Additions 10,659
At 31 October 2023 67,964
DEPRECIATION
At 1 November 2022 27,391
Charge for year 4,488
At 31 October 2023 31,879
NET BOOK VALUE
At 31 October 2023 36,085
At 31 October 2022 29,914

6. STOCKS
2023 2022
£    £   
Stocks 628,048 731,230

SPANJER CHEMICALS LIMITED (REGISTERED NUMBER: 04457291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,482,036 1,466,090
Amounts owed by group undertakings 382,493 462,809
Other debtors 39,067 46,766
Tax - 71,571
1,903,596 2,047,236

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 65,000 65,000
Hire purchase contracts 12,453 10,556
Trade creditors 1,095,474 1,151,741
Amounts owed to group undertakings 87,787 87,787
Tax 22,189 -
Social security and other taxes 22,714 17,463
VAT 33,700 42,218
Other creditors 11,172 9,383
Net wages 63,353 52,152
Accrued expenses 12,298 35,755
1,426,140 1,472,055

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 97,500 167,917
Hire purchase contracts 6,564 8,745
104,064 176,662

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 65,000 65,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 65,000 65,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 32,500 102,917

SPANJER CHEMICALS LIMITED (REGISTERED NUMBER: 04457291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 19,017 19,301

Hire purchase liabilities are secured against each individual asset.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 112,292 81,817

Deferred
tax
£   
Balance at 1 November 2022 81,817
Accelerated capital allowances 30,475
Balance at 31 October 2023 112,292

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
101 101

14. RESERVES
Retained
earnings
£   

At 1 November 2022 1,986,173
Profit for the year 253,175
Dividends (94,723 )
At 31 October 2023 2,144,625

15. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

M R Wilson FCCA (Senior Statutory Auditor)
for and on behalf of John Williams & Co Limited

SPANJER CHEMICALS LIMITED (REGISTERED NUMBER: 04457291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

16. RELATED PARTY DISCLOSURES

A composite guarantee exists between Intachem Holdings Limited, Starbrite Chemicals Limited, Direct Chemical Solutions Limited and Spanjer Chemicals Limited. Intachem Holdings Limited is the parent company. Starbrite Chemicals Limited and Direct Chemical Solutions Limited are companies under common control.

Landsdown Property Ltd
A company under common control.

At the year end there was a loan balance due from Landsdown Property Ltd of £7,790 (2021: (£41,191)) on which no interest was charged.

17. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

18. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A Warriner.

19. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Intachem Holdings Limited. whose registered office is Chart House, 2 Effingham Road, Reigate, Surrey, RH2 7JN.