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REGISTERED NUMBER: 01767223 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Eastchem Limited

Eastchem Limited (Registered number: 01767223)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eastchem Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: H Kanani
Mrs S Kanani





SECRETARY: H Kanani





REGISTERED OFFICE: 34 Billesley Lane
Moseley
Birmingham
West Midlands
B13 9QS





REGISTERED NUMBER: 01767223 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Eastchem Limited (Registered number: 01767223)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,750 252,750

CURRENT ASSETS
Stocks 10,000 6,000
Debtors 5 27,448 34,763
Cash at bank and in hand 69,373 83,637
106,821 124,400
CREDITORS
Amounts falling due within one year 6 124,805 113,350
NET CURRENT (LIABILITIES)/ASSETS (17,984 ) 11,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,766

263,800

CREDITORS
Amounts falling due after more than one
year

7

10,833

20,833
NET ASSETS 202,933 242,967

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 201,933 241,967
SHAREHOLDERS' FUNDS 202,933 242,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

Eastchem Limited (Registered number: 01767223)

Balance Sheet - continued
31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





H Kanani - Director


Eastchem Limited (Registered number: 01767223)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Eastchem 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 life of the lease
Fixtures and fittings - 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. Tax is recognised in the Profit and Loss Account, 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.

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 3 (2023 - 3 ) .

Eastchem Limited (Registered number: 01767223)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 750 525,000 82,718 608,468
DEPRECIATION
At 1 August 2023 - 273,000 82,718 355,718
Charge for year - 21,000 - 21,000
At 31 July 2024 - 294,000 82,718 376,718
NET BOOK VALUE
At 31 July 2024 750 231,000 - 231,750
At 31 July 2023 750 252,000 - 252,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,000 20,000
Other debtors 7,448 14,763
27,448 34,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 55,226 44,063
Taxation and social security 11,832 15,088
Other creditors 47,747 44,199
124,805 113,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833

Eastchem Limited (Registered number: 01767223)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 20,833 30,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary Shares 1 1,000 1,000