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B D CHEM LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






B D CHEM LIMITED (REGISTERED NUMBER: 05241892)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B D CHEM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr B Patel





REGISTERED OFFICE: 222 Coldharbour Lane
London
SW9 8SA





REGISTERED NUMBER: 05241892 (England and Wales)





ACCOUNTANTS: Akshar & Company
Chartered Accountants
221 Kenton Lane
Harrow
Middlesex
HA3 8RP

B D CHEM LIMITED (REGISTERED NUMBER: 05241892)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,249 24,499
Tangible assets 5 248,573 281,439
260,822 305,938

CURRENT ASSETS
Stocks 29,575 25,355
Debtors 6 1,169,199 1,031,628
Cash at bank and in hand 183,566 71,328
1,382,340 1,128,311
CREDITORS
Amounts falling due within one year 7 626,205 349,512
NET CURRENT ASSETS 756,135 778,799
TOTAL ASSETS LESS CURRENT LIABILITIES 1,016,957 1,084,737

CREDITORS
Amounts falling due after more than one year 8 362,427 464,781
NET ASSETS 654,530 619,956

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 654,430 619,856
SHAREHOLDERS' FUNDS 654,530 619,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

B D CHEM LIMITED (REGISTERED NUMBER: 05241892)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 18 July 2024 and were signed by:





Mr B Patel - Director


B D CHEM LIMITED (REGISTERED NUMBER: 05241892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

B D Chem 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.

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

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

B D CHEM LIMITED (REGISTERED NUMBER: 05241892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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 13 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 244,999
AMORTISATION
At 1 December 2022 220,500
Amortisation for year 12,250
At 30 November 2023 232,750
NET BOOK VALUE
At 30 November 2023 12,249
At 30 November 2022 24,499

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 December 2022 1 119,911 202,029
Additions - 33,500 -
At 30 November 2023 1 153,411 202,029
DEPRECIATION
At 1 December 2022 - 52,124 135,614
Charge for year - 25,321 16,603
At 30 November 2023 - 77,445 152,217
NET BOOK VALUE
At 30 November 2023 1 75,966 49,812
At 30 November 2022 1 67,787 66,415

B D CHEM LIMITED (REGISTERED NUMBER: 05241892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 185,638 6,533 514,112
Additions - 1,599 35,099
At 30 November 2023 185,638 8,132 549,211
DEPRECIATION
At 1 December 2022 39,681 5,254 232,673
Charge for year 25,322 719 67,965
At 30 November 2023 65,003 5,973 300,638
NET BOOK VALUE
At 30 November 2023 120,635 2,159 248,573
At 30 November 2022 145,957 1,279 281,439

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 290,643 218,454
Other debtors 754,254 751,028
Directors' current accounts 65,236 -
VAT 58,566 62,146
Prepayments 500 -
1,169,199 1,031,628

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 92,248 92,248
Hire purchase contracts 43,692 43,692
Trade creditors 238,124 154,213
Taxation and social security 25,482 15,822
Other creditors 226,659 43,537
626,205 349,512

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 238,256 305,779
Hire purchase contracts 124,171 159,002
362,427 464,781