IRIS Accounts Production v24.2.0.383 08382332 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083823322023-02-28083823322024-02-29083823322023-03-012024-02-29083823322022-02-28083823322022-03-012023-02-28083823322023-02-2808382332ns14:PoundSterling2023-03-012024-02-2908382332ns10:Director12023-03-012024-02-2908382332ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908382332ns10:SmallEntities2023-03-012024-02-2908382332ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2908382332ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908382332ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908382332ns10:FullAccounts2023-03-012024-02-2908382332ns10:CompanySecretary12023-03-012024-02-2908382332ns10:RegisteredOffice2023-03-012024-02-2908382332ns5:CurrentFinancialInstruments2024-02-2908382332ns5:CurrentFinancialInstruments2023-02-2808382332ns5:ShareCapital2024-02-2908382332ns5:ShareCapital2023-02-2808382332ns5:RetainedEarningsAccumulatedLosses2024-02-2908382332ns5:RetainedEarningsAccumulatedLosses2023-02-2808382332ns5:PlantMachinery2023-03-012024-02-2908382332ns5:OwnedAssets2023-03-012024-02-2908382332ns5:OwnedAssets2022-03-012023-02-2808382332ns5:PlantMachinery2023-02-2808382332ns5:PlantMachinery2024-02-2908382332ns5:PlantMachinery2023-02-2808382332ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908382332ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 08382332















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Pacific Chem Ltd

Pacific Chem Ltd (Registered number: 08382332)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 4


Pacific Chem Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: L J A Ng





SECRETARY:





REGISTERED OFFICE: 78 Village Heights
Gateshead
Tyne and Wear
NE8 1PW





REGISTERED NUMBER: 08382332

Pacific Chem Ltd (Registered number: 08382332)

Income Statement
for the Year Ended 29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   

TURNOVER 666,387 574,597

Cost of sales 456,085 401,768
GROSS PROFIT 210,302 172,829

Distribution costs 1,887 2,949
Administrative expenses 191,427 150,620
193,314 153,569
16,988 19,260

Other operating income 3,957 9,130
OPERATING PROFIT and
PROFIT BEFORE TAXATION 20,945 28,390

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 20,945 28,390

Pacific Chem Ltd (Registered number: 08382332)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 799 2,686

CURRENT ASSETS
Stocks 36,521 32,722
Debtors 6 19,135 40,219
Cash at bank and in hand 38,731 36,096
94,387 109,037
CREDITORS
Amounts falling due within one year 7 259,978 297,460
NET CURRENT LIABILITIES (165,591 ) (188,423 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(164,792

)

(185,737

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (164,892 ) (185,837 )
SHAREHOLDERS' FUNDS (164,792 ) (185,737 )

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:




L J A Ng - Director


Pacific Chem Ltd (Registered number: 08382332)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Pacific Chem Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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 etc - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

29.2.24 28.2.23
£    £   
Depreciation - owned assets 1,887 2,947

Pacific Chem Ltd (Registered number: 08382332)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 21,581
DEPRECIATION
At 1 March 2023 18,895
Charge for year 1,887
At 29 February 2024 20,782
NET BOOK VALUE
At 29 February 2024 799
At 28 February 2023 2,686

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 3,311
Other debtors 19,135 36,908
19,135 40,219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors (1 ) 1
Taxation and social security 4,180 504
Other creditors 255,799 296,955
259,978 297,460