Kemitel Limited 06965420 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is chemical engineering. Digita Accounts Production Advanced 6.30.9574.0 true 06965420 2023-08-01 2024-07-31 06965420 2024-07-31 06965420 core:CurrentFinancialInstruments 2024-07-31 06965420 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 06965420 core:FurnitureFittingsToolsEquipment 2024-07-31 06965420 bus:SmallEntities 2023-08-01 2024-07-31 06965420 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06965420 bus:FilletedAccounts 2023-08-01 2024-07-31 06965420 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06965420 bus:RegisteredOffice 2023-08-01 2024-07-31 06965420 bus:Director1 2023-08-01 2024-07-31 06965420 bus:Director2 2023-08-01 2024-07-31 06965420 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06965420 core:ComputerEquipment 2023-08-01 2024-07-31 06965420 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 06965420 countries:EnglandWales 2023-08-01 2024-07-31 06965420 2023-07-31 06965420 core:FurnitureFittingsToolsEquipment 2023-07-31 06965420 2022-08-01 2023-07-31 06965420 2023-07-31 06965420 core:CurrentFinancialInstruments 2023-07-31 06965420 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 06965420 core:FurnitureFittingsToolsEquipment 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 06965420

Kemitel Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Kemitel Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Kemitel Limited

Company Information

Directors

Dr I Hayati

Mr P Sabeti

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Kemitel Limited

(Registration number: 06965420)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,761

1,588

Current assets

 

Debtors

5

369

155

Cash at bank and in hand

 

121,006

111,610

 

121,375

111,765

Creditors: Amounts falling due within one year

6

(13,274)

(7,755)

Net current assets

 

108,101

104,010

Total assets less current liabilities

 

109,862

105,598

Provisions for liabilities

(440)

(400)

Net assets

 

109,422

105,198

Capital and reserves

 

Called up share capital

300

300

Retained earnings

109,122

104,898

Shareholders' funds

 

109,422

105,198

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 24 October 2024 and signed on its behalf by:
 

.........................................
Dr I Hayati
Director

 

Kemitel Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the Board on 24 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

 

Kemitel Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Kemitel Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Kemitel Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

5,250

5,250

Additions

999

999

At 31 July 2024

6,249

6,249

Depreciation

At 1 August 2023

3,662

3,662

Charge for the year

826

826

At 31 July 2024

4,488

4,488

Carrying amount

At 31 July 2024

1,761

1,761

At 31 July 2023

1,588

1,588

5

Debtors

Current

2024
£

2023
£

Other debtors

369

155

 

369

155

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

11,323

6,095

Accruals and deferred income

1,500

1,500

Other creditors

451

160

13,274

7,755