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REGISTERED NUMBER: 03059024 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COUNTY CONSTRUCTION CHEMICALS LIMITED

COUNTY CONSTRUCTION CHEMICALS LIMITED (REGISTERED NUMBER: 03059024)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

COUNTY CONSTRUCTION CHEMICALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D C P Hurley
Mrs S L Hurley
J D J Hurley





REGISTERED OFFICE: Unit 4
Chingford Industrial Centre
Hall Lane
Chingford
London
E4 8DJ





REGISTERED NUMBER: 03059024 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

COUNTY CONSTRUCTION CHEMICALS LIMITED (REGISTERED NUMBER: 03059024)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 144,340 97,706
Investments 6 1,148,113 1,096,800
Investment property 7 440,000 440,000
1,732,453 1,634,506

CURRENT ASSETS
Stocks 729,571 643,442
Debtors 561,728 640,033
Cash at bank and in hand 2,407,744 2,408,818
3,699,043 3,692,293
CREDITORS
Amounts falling due within one year 1,052,728 1,084,622
NET CURRENT ASSETS 2,646,315 2,607,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,378,768

4,242,177

PROVISIONS FOR LIABILITIES 150,141 120,211
NET ASSETS 4,228,627 4,121,966

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Undistributable reserves 10 447,858 404,759
Retained earnings 3,779,769 3,716,207
SHAREHOLDERS' FUNDS 4,228,627 4,121,966

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

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

COUNTY CONSTRUCTION CHEMICALS LIMITED (REGISTERED NUMBER: 03059024)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 October 2024 and were signed on its behalf by:




D C P Hurley - Director



Mrs S L Hurley - Director


COUNTY CONSTRUCTION CHEMICALS LIMITED (REGISTERED NUMBER: 03059024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

County Construction Chemicals 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 as modified by the revaluation of certain assets.

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 was acquired on 5th October 2007 and was amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment properties are initially recognised at cost and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the Income Statement.

A corresponding transfer between distributable and undistributable reserves is made to reflect the nature of the value changes (and deferred tax impact) recognised in the Income Statement.

Investments
Listed investments, or those whose fair value can otherwise be measured reliably, are initially recognised at transaction price and subsequently measured at fair value, with changes recognised in the Income Statement. Corresponding transfer between distributable and undistributable reserves are made to reflect the nature of the value changes (and deferred tax impact) recognised in the Income Statement.

Unlisted investments, except those whose fair value can be measured reliably, are initially recognised at transaction price and are subsequently measured at cost less impairment. Any subsequent revaluation of the investment only takes place once tier 1 inputs are available.

Group financial statements
Exemption has been taken from preparing consolidated financial statements on the grounds that the group qualifies as a small group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

COUNTY CONSTRUCTION CHEMICALS LIMITED (REGISTERED NUMBER: 03059024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 37,196
AMORTISATION
At 1 April 2023
and 31 March 2024 37,196
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 349,326
Additions 87,571
Disposals (42,000 )
At 31 March 2024 394,897
DEPRECIATION
At 1 April 2023 251,620
Charge for year 37,783
Eliminated on disposal (38,846 )
At 31 March 2024 250,557
NET BOOK VALUE
At 31 March 2024 144,340
At 31 March 2023 97,706

COUNTY CONSTRUCTION CHEMICALS LIMITED (REGISTERED NUMBER: 03059024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2023 1,096,800
Disposals (299,225 )
Revaluations 57,465
At 31 March 2024 855,040
PROVISIONS
Eliminated on disposal (293,073 )
At 31 March 2024 (293,073 )
NET BOOK VALUE
At 31 March 2024 1,148,113
At 31 March 2023 1,096,800

Cost or valuation at 31 March 2024 is represented by:
Totals
£   
Valuation in 2017 4,978
Valuation in 2018 2,773
Valuation in 2019 14,374
Valuation in 2020 (52,389 )
Valuation in 2021 121,982
Valuation in 2022 20,263
Valuation in 2023 (312,391 )
Valuation in 2024 57,465
Cost 997,985
855,040

Included in the above are financial assets that are measured at fair value through the Income Statement with carrying value of £547,113 (2023 - £495,800). These assets have been valued at their listed market value.

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 440,000
NET BOOK VALUE
At 31 March 2024 440,000
At 31 March 2023 440,000

COUNTY CONSTRUCTION CHEMICALS LIMITED (REGISTERED NUMBER: 03059024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2002 119,895
Valuation in 2003 25,000
Valuation in 2006 185,000
Valuation in 2014 40,000
Valuation in 2015 20,000
Valuation in 2021 20,000
Cost 30,105
440,000

The investment property was valued on an open market basis on 1 October 2020 by Clarke Hillyer .

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 152,900 115,688
Between one and five years 128,175 200,429
281,075 316,117

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Undistributable
reserves
£   
At 1 April 2023 404,759
Reserve transfer 43,099

At 31 March 2024 447,858

11. PENSION COMMITMENTS

During the year the company made contributions amounting to £24,696 (2023 - £23,739) to a defined contribution scheme it operates on behalf of its employees. At the balance sheet date the company owed £6,385 (2023 - £5,788).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COUNTY CONSTRUCTION CHEMICALS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of County Construction Chemicals Limited for the year ended 31 March 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of County Construction Chemicals Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of County Construction Chemicals Limited and state those matters that we have agreed to state to the Board of Directors of County Construction Chemicals Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than County Construction Chemicals Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that County Construction Chemicals Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of County Construction Chemicals Limited. You consider that County Construction Chemicals Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of County Construction Chemicals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


16 October 2024