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COMPANY REGISTRATION NUMBER: 07983583
Chemical Safety Advice Limited
Unaudited financial statements
31 March 2024
Chemical Safety Advice Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
5
1,720,424
1,720,424
Creditors: Amounts falling due within one year
6
( 799,401)
( 958,137)
---------
---------
Net current liabilities
( 799,401)
( 958,137)
-----------
-----------
Total assets less current liabilities
921,023
762,287
---------
---------
Net assets
921,023
762,287
---------
---------
Capital and reserves
Called up share capital
7
662,007
662,007
Profit and loss account
259,016
100,280
---------
---------
Shareholders funds
921,023
762,287
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 October 2024 , and are signed on behalf of the board by:
Mr C Lewis
Mrs S Barber
Director
Director
Company registration number: 07983583
Chemical Safety Advice Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB, Norfolk. The trading address of the company is Unit 23, Diss Business Centre, Dark Lane, Diss, IP21 4HD, Norfolk.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Employee numbers
The average number of employees during the year was 2 (2023: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
1,720,424
-----------
Impairment
At 1 April 2023 and 31 March 2024
-----------
Carrying amount
At 31 March 2024
1,720,424
-----------
At 31 March 2023
1,720,424
-----------
The company owns 100% of the issued share capital of the companies listed below:
Bootman Chemical Safety Limited
31 March 2024
31 March 2023
£
£
Aggregate capital and reserves
1,896,470
1,890,895
Profit and (loss) for the year
5,575
107,885
BCS Only Representative Services Limited
31 December 2023
31 December 2022
Euro
Euro
Aggregate capital and reserves
677,317
635,832
Profit and (loss) for the year
316,485
336,192
The valuation included in the financial statements is the cost to the company of obtaining 100% of the issued share capital.
6. Creditors: Amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
796,499
955,385
Accruals and deferred income
2,900
2,750
Director loan accounts
2
2
---------
---------
799,401
958,137
---------
---------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
382,493
382,493
382,493
382,493
Ordinary B shares of £ 1 each
147,113
147,113
147,113
147,113
Ordinary C shares of £ 1 each
46,340
46,340
29,790
29,790
Treasury shares of £ 1 each
86,061
86,061
102,611
102,611
---------
---------
---------
---------
662,007
662,007
662,007
662,007
---------
---------
---------
---------
During the year, 16,550 Treasury shares of £1 each were converted to 16,550 Ordinary C shares of £1 each and issued at a price of £1.02 per share.