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REGISTERED NUMBER: 04809662 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Agnichem Limited

Agnichem Limited (Registered number: 04809662)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Agnichem Limited (Registered number: 04809662)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 68,008
Debtors 4 196,812 183,664
Cash at bank 6,029 14,633
202,841 266,305
CREDITORS
Amounts falling due within one year 5 (179,358 ) (251,505 )
NET CURRENT ASSETS 23,483 14,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,483

14,800

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,383 14,700
23,483 14,800

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

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 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.

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 25 July 2024 and were signed on its behalf by:




R K Gilkes - Director


Agnichem Limited (Registered number: 04809662)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Agnichem Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04809662

Registered office: 6 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

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.

Preparation of consolidated financial statements
The financial statements contain information about Agnichem Limited as an individual company and do not contain consolidated financial information as a subsidiary of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Agnichem Limited (Registered number: 04809662)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,736
Amounts owed by group undertakings 196,770 179,944
Other debtors 42 984
196,812 183,664

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 72,758
Amounts owed to group undertakings 175,017 174,917
Taxation and social security 2,037 1,701
Other creditors 2,304 2,129
179,358 251,505

6. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Stort Chemicals Limited a private company, limited by shares, registered in England and Wales. Registered number is 01625837 and registered office is 6 Ducketts Wharf, South Street, Bishops Stortford, Hertfordshire, CM23 3AR.

7. AUDIT EXEMPTION

For the year ending 31/12/2023 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies. - the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; - the director acknowledges responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.