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REGISTERED NUMBER: 13221384 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

CHEMLABS INTERNATIONAL LTD

CHEMLABS INTERNATIONAL LTD (Registered number: 13221384)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHEMLABS INTERNATIONAL LTD

Company Information
for the Year Ended 29 February 2024







DIRECTOR: N Griffiths





SECRETARY: N Griffiths





REGISTERED OFFICE: Temple Chambers
16A Belvoir Road
Coalville
Leics
LE67 3QE





REGISTERED NUMBER: 13221384 (England and Wales)





ACCOUNTANTS: Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE

CHEMLABS INTERNATIONAL LTD (Registered number: 13221384)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 26,500 15,000
Debtors 4 17,061 13,304
Cash at bank 27,806 5,045
71,367 33,349
CREDITORS
Amounts falling due within one year 5 74,132 35,120
NET CURRENT LIABILITIES (2,765 ) (1,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,765

)

(1,771

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,865 ) (1,871 )
(2,765 ) (1,771 )

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2024 and were signed by:



N Griffiths - Director


CHEMLABS INTERNATIONAL LTD (Registered number: 13221384)

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


1. STATUTORY INFORMATION

CHEMLABS INTERNATIONAL LTD 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.

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

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 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

CHEMLABS INTERNATIONAL LTD (Registered number: 13221384)

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


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,061 12,496
Other debtors - 808
17,061 13,304

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Inter company account 7,920 (5,000 )
Trade creditors 36,397 10,693
Taxation and social security 195 -
Other creditors 29,620 29,427
74,132 35,120