Company Registration No. 11384083 (England and Wales)
ADVANCED CHEMICAL HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024
31 March 2024
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
ADVANCED CHEMICAL HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr I J Lewis
Mr G Sidebottom
Company number
11384083
Registered office
Unit 5
Todd Hall Road
Haslingden
Rossendale
Lancashire
England
BB4 5LA
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
ADVANCED CHEMICAL HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ADVANCED CHEMICAL HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
31 March 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Investments
3
1,026,347
1,026,347
Current assets
Cash at bank and in hand
12
42
Creditors: amounts falling due within one year
4
(698,447)
(754,599)
Net current liabilities
(698,435)
(754,557)
Total assets less current liabilities
327,912
271,790
Creditors: amounts falling due after more than one year
5
(78,125)
(171,875)
Net assets
249,787
99,915
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
249,784
99,912
Total equity
249,787
99,915
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 November 2024 and are signed on its behalf by:
Mr I J Lewis
Director
Company registration number 11384083 (England and Wales)
ADVANCED CHEMICAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Advanced Chemical Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5, Todd Hall Road, Haslingden, Rossendale, Lancashire, England, BB4 5LA.
1.1
Reporting period
The financial statements are presented for a period longer than one year to bring its reporting period in line with it's fellow subsidiary. As such, comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Fixed asset investments
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2022
Number
Number
Total
2
2
3
Fixed asset investments
2024
2022
£
£
Shares in group undertakings and participating interests
1,026,347
1,026,347
ADVANCED CHEMICAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2022
£
£
Amounts owed to group undertakings
535,947
592,099
Other creditors
162,500
162,500
698,447
754,599
5
Creditors: amounts falling due after more than one year
2024
2022
£
£
Other creditors
78,125
171,875