BEST-CHEM LIMITED

Company Registration Number:
03774936 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

BEST-CHEM LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

BEST-CHEM LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 10,880 16,320
Tangible assets: 4 146,856 61,825
Total fixed assets: 157,736 78,145
Current assets
Stocks: 67,029 73,240
Debtors:   547,758 359,173
Cash at bank and in hand: 678,981 983,527
Total current assets: 1,293,768 1,415,940
Creditors: amounts falling due within one year:   (467,512) (503,083)
Net current assets (liabilities): 826,256 912,857
Total assets less current liabilities: 983,992 991,002
Creditors: amounts falling due after more than one year:   (54,607) (104,145)
Total net assets (liabilities): 929,385 886,857
Capital and reserves
Called up share capital: 35,001 35,001
Profit and loss account: 894,384 851,856
Shareholders funds: 929,385 886,857

The notes form part of these financial statements

BEST-CHEM LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 May 2024
and signed on behalf of the board by:

Name: Rajesh S Naik
Status: Director

The notes form part of these financial statements

BEST-CHEM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BEST-CHEM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 10 8

BEST-CHEM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 136,001
At 31 December 2023 136,001
Amortisation
At 01 January 2023 119,681
Charge for year 5,440
At 31 December 2023 125,121
Net book value
At 31 December 2023 10,880
At 31 December 2022 16,320

BEST-CHEM LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 176,551
Additions 100,220
At 31 December 2023 276,771
Depreciation
At 01 January 2023 114,726
Charge for year 15,189
At 31 December 2023 129,915
Net book value
At 31 December 2023 146,856
At 31 December 2022 61,825