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SRD Organics Limited
Registered Number:07866807
For the year ended 31 December 2023
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 December 2023
SRD Organics Limited
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Other Comprehensive Income
6
Statement of Financial Position
7 to 9
Notes to the Financial Statements
3
For the year ended 31 December 2023
SRD Organics Limited
Company Information
Mr Scott Dallison
Director
Scott Dallison
Company Secretary
07866807
Registered Number
Unit 59D
Registered Office
South Nelson Industrial Estate
Cramlington
Northumberland
NE23 1WF
Accountants
Sterling Accounting Services
7 Carwardine Close
Woodham Village
Newton Aycliffe
Co Durham
DL5 4XE
Barclays Bank
Bankers
Priestpopple
Hexham
Northumberland
NE46 1PE
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4
For the year ended 31 December 2023
SRD Organics Limited
Director's Report
The director presents his report and accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company continued to be that of wholesaler of fine chemicals and research and development of certain specialised process technologies for the manufacture of fine chemicals.
Director
The director who served the company throughout the year was as follows:
Mr Scott Dallison
Mr Scott Dallison
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
01 August 2024
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5
For the year ended 31 December 2023
SRD Organics Limited
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial
statements for the year ended 31 December 2023 and you consider that the company is exempt from an audit under
the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial
statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information
and explanations supplied to us.
Sterling Accounting Services
7 Carwardine Close
Woodham Village
Newton Aycliffe
Co Durham
DL5 4XE
Date:
01 August 2024
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6
For the year ended 31 December 2023
SRD Organics Limited
Income Statement
2022
£
2023
£
Turnover
45,063
19,336
(3,640)
Cost of sales
(23,484)
15,696
Gross profit
21,579
Distribution costs
(1,530)
(8,143)
Administrative expenses
(17,727)
2,705
2,322
10,258
Operating profit
2,322
10,258
Other interest receivable and similar income
-
14
2,322
10,272
Profit before taxation
-
2,491
Taxation
2,322
Profit for the financial year
12,763
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7
For the year ended 31 December 2023
SRD Organics Limited
Other Comprehensive Income
2023
2022
£
£
2,322
12,763
Profit for the financial year
Total comprehensive income since last annual report
2,322
12,763
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8
Registered Number :
07866807
As at 31 December 2023
SRD Organics Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
167
464
2
167
464
Current assets
Inventories
28,339
22,418
3
Trade and other receivables
5,292
2,766
4
217,922
Cash and cash equivalents
178,122
203,306
251,553
Trade and other payables: amounts falling due within one
year
(7,159)
(1,293)
5
244,394
202,013
Net current assets
Total assets less current liabilities
202,180
244,858
202,180
Net assets
244,858
Capital and reserves
Called up share capital
5,000
5,000
Retained earnings
197,180
239,858
202,180
244,858
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Scott Dallison
These financial statements were approved and authorised for issue by the Board on 01 August 2024 and were signed by:
The notes form part of these financial statements
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9
For the year ended 31 December 2023
SRD Organics Limited
Notes to the Financial Statements
Statutory Information
SRD Organics Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07866807.
Registered address:
Unit 59D
South Nelson Industrial Estate
Cramlington
Northumberland
NE23 1WF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15 Straight line
25 Straight line
Computer equipment
15 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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10
For the year ended 31 December 2023
SRD Organics Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 January 2023
6,631
-
2,436
4,195
223
223
-
-
Additions
At 31 December 2023
4,195
2,436
223
6,854
Provision for depreciation and impairment
At 01 January 2023
6,167
-
1,989
4,178
Charge for year
520
56
447
17
At 31 December 2023
6,687
56
2,436
4,195
At 31 December 2023
Net book value
-
-
167
167
At 31 December 2022
17
447
-
464
3. Inventories
2022
2023
£
£
Stocks
22,418
28,339
4. Trade and other receivables
2022
2023
£
£
Trade debtors
865
2,865
Other debtors
1,901
2,427
5,292
2,766
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
482
6,349
Other creditors
811
810
1,293
7,159
6. Average number of persons employed
During the year the average number of employees was 0
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11
For the year ended 31 December 2023
SRD Organics Limited
Notes to the Financial Statements Continued
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