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REGISTERED NUMBER: 11377338 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CHEMICARE STECHFORD LTD

CHEMICARE STECHFORD LTD (REGISTERED NUMBER: 11377338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHEMICARE STECHFORD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mrs R Joshi
D Joshi
Mrs G Heer
J S Heer





REGISTERED OFFICE: Cashs Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 11377338 (England and Wales)





ACCOUNTANTS: Dattani
Chartered Accountants
Scottish Provident House
76/80 College Road
Harrow
Middlesex
HA1 1 BQ

CHEMICARE STECHFORD LTD (REGISTERED NUMBER: 11377338)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 297,304 -
Tangible assets 5 52,041 62,386
349,345 62,386

CURRENT ASSETS
Stocks 69,071 28,104
Debtors 6 132,326 78,993
Cash at bank and in hand 17,251 20,653
218,648 127,750
CREDITORS
Amounts falling due within one year 7 370,500 126,399
NET CURRENT (LIABILITIES)/ASSETS (151,852 ) 1,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,493

63,737

CREDITORS
Amounts falling due after more than one
year

8

245,374

36,666
NET (LIABILITIES)/ASSETS (47,881 ) 27,071

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (47,981 ) 26,971
(47,881 ) 27,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

CHEMICARE STECHFORD LTD (REGISTERED NUMBER: 11377338)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





D Joshi - Director


CHEMICARE STECHFORD LTD (REGISTERED NUMBER: 11377338)

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

1. STATUTORY INFORMATION

Chemicare Stechford Ltd 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 2023, is being amortised evenly over its estimated useful life of five 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.

Motor vehicle - 15% at cost
Plant and machinery etc - 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.

CHEMICARE STECHFORD LTD (REGISTERED NUMBER: 11377338)

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

2. ACCOUNTING POLICIES - continued

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.

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 15 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 371,630
At 31 August 2023 371,630
AMORTISATION
Charge for year 74,326
At 31 August 2023 74,326
NET BOOK VALUE
At 31 August 2023 297,304

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 - 113,097 113,097
Additions 4,387 3,314 7,701
At 31 August 2023 4,387 116,411 120,798
DEPRECIATION
At 1 September 2022 - 50,711 50,711
Charge for year 219 17,827 18,046
At 31 August 2023 219 68,538 68,757
NET BOOK VALUE
At 31 August 2023 4,168 47,873 52,041
At 31 August 2022 - 62,386 62,386

CHEMICARE STECHFORD LTD (REGISTERED NUMBER: 11377338)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 106,032 69,290
Other debtors 26,294 9,703
132,326 78,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 48,571 10,000
Trade creditors 148,497 51,938
Taxation and social security 12,818 18,766
Other creditors 160,614 45,695
370,500 126,399

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 245,374 27,856
Other creditors - 8,810
245,374 36,666

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,420 -

9. SECURED DEBTS

Bank loans include a Bounce Bank Loan secured by a guarantee from the United Kingdom government.
Other bank loans are secured by a fixed and floating charge against the assets of the company.