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REGISTERED NUMBER: 02540590 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Chemical Support Systems Limited

Chemical Support Systems Limited (Registered number: 02540590)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Chemical Support Systems Limited (Registered number: 02540590)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,076 11,672

CURRENT ASSETS
Stocks 297,194 153,757
Debtors 5 1,363,263 726,402
Cash at bank and in hand 10,884 21,794
1,671,341 901,953
CREDITORS
Amounts falling due within one year 6 1,271,735 553,026
NET CURRENT ASSETS 399,606 348,927
TOTAL ASSETS LESS CURRENT LIABILITIES 408,682 360,599

CREDITORS
Amounts falling due after more than one year 7 (31,904 ) -

PROVISIONS FOR LIABILITIES (2,269 ) (2,918 )
NET ASSETS 374,509 357,681

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 374,507 357,679
SHAREHOLDERS' FUNDS 374,509 357,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Chemical Support Systems Limited (Registered number: 02540590)

Balance Sheet - continued
30 September 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:




Mr S Penketh - Director



Mr I Bishop - Director


Chemical Support Systems Limited (Registered number: 02540590)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Chemical Support Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02540590

Registered office: Unit 21 Road 3
Winsford Industrial Estate
Winsford
Cheshire
CW7 3PD

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Chemical Support Systems Limited (Registered number: 02540590)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 63,534 56,491 10,495 30,433 160,953
Additions - - - 425 425
Disposals (1,233 ) (6,625 ) - (13,630 ) (21,488 )
At 30 September 2024 62,301 49,866 10,495 17,228 139,890
DEPRECIATION
At 1 October 2023 56,445 53,866 10,495 28,475 149,281
Charge for year 1,770 659 - 594 3,023
Eliminated on disposal (1,233 ) (6,627 ) - (13,630 ) (21,490 )
At 30 September 2024 56,982 47,898 10,495 15,439 130,814
NET BOOK VALUE
At 30 September 2024 5,319 1,968 - 1,789 9,076
At 30 September 2023 7,089 2,625 - 1,958 11,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 859,720 698,400
Amounts owed by group undertakings 416,472 -
Other debtors 87,071 28,002
1,363,263 726,402

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,904 -
Trade creditors 574,405 262,966
Amounts owed to group undertakings - 170,280
Taxation and social security 130,268 114,912
Other creditors 522,158 4,868
1,271,735 553,026

Chemical Support Systems Limited (Registered number: 02540590)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 31,904 -

8. ULTIMATE CONTROLLING PARTY

The controlling party is Chemical Support Systems (Holdings) Ltd.