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REGISTERED NUMBER: 01163795 (England and Wales)













Unaudited Financial Statements

for the Period

1 September 2022 to 29 February 2024

for

Clevechem Limited

Clevechem Limited (Registered number: 01163795)






Contents of the Financial Statements
for the Period 1 September 2022 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clevechem Limited

Company Information
for the Period 1 September 2022 to 29 February 2024







DIRECTORS: J Cooper
N Gupta





SECRETARY: J Cooper





REGISTERED OFFICE: Redcar Primary Care Hospital
West Dyke Road
Redcar
Cleveland
TS10 4NW





REGISTERED NUMBER: 01163795 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Clevechem Limited (Registered number: 01163795)

Balance Sheet
29 February 2024

2024 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 408,268 452,465

CURRENT ASSETS
Stocks 84,483 91,639
Debtors 5 184,375 218,991
Cash at bank and in hand 216,883 178,866
485,741 489,496
CREDITORS
Amounts falling due within one year 6 383,105 335,939
NET CURRENT ASSETS 102,636 153,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,904

606,022

PROVISIONS FOR LIABILITIES 300 6,351
NET ASSETS 510,604 599,671

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 510,104 599,171
510,604 599,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 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.

Clevechem Limited (Registered number: 01163795)

Balance Sheet - continued
29 February 2024


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 15 August 2024 and were signed on its behalf by:





J Cooper - Director


Clevechem Limited (Registered number: 01163795)

Notes to the Financial Statements
for the Period 1 September 2022 to 29 February 2024

1. STATUTORY INFORMATION

Clevechem 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the period of the lease
Fixtures and fittings - 25% on cost

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 period 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 period 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.

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.

Clevechem Limited (Registered number: 01163795)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease,

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 807,660 111,613 - 919,273
Additions - 1,774 5,280 7,054
Disposals - (3,197 ) - (3,197 )
At 29 February 2024 807,660 110,190 5,280 923,130
DEPRECIATION
At 1 September 2022 361,309 105,499 - 466,808
Charge for period 42,506 3,962 4,780 51,248
Eliminated on disposal - (3,194 ) - (3,194 )
At 29 February 2024 403,815 106,267 4,780 514,862
NET BOOK VALUE
At 29 February 2024 403,845 3,923 500 408,268
At 31 August 2022 446,351 6,114 - 452,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
as restated
£    £   
Trade debtors 158,640 149,415
Other debtors 25,735 69,576
184,375 218,991

Clevechem Limited (Registered number: 01163795)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
as restated
£    £   
Trade creditors 348,332 268,962
Amounts owed to group undertakings 20,537 43,348
Taxation and social security 6,203 7,722
Other creditors 8,033 15,907
383,105 335,939

7. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

Amounts not provided for in the statement of financial position
The total amount of financial commitments not included in the statement of financial position is £710,645 (2022- £794,761)

8. PARENT AND ULTIMATE PARENT UNDERTAKING

The company's parent company is Coopers Chemist Marske Limited, who's registered office is 112 High Street, Marske By The Sea, Redcar, Cleveland, TS11 7BA.