CHEMTEK LIMITED

Company Registration Number:
06918111 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

CHEMTEK LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

CHEMTEK LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 90,735 103,697
Tangible assets: 4 808,177 825,615
Total fixed assets: 898,912 929,312
Current assets
Stocks: 43,924 42,251
Debtors: 5 602,814 623,058
Cash at bank and in hand: 182,704 164,308
Total current assets: 829,442 829,617
Creditors: amounts falling due within one year: 6 (829,754) (786,010)
Net current assets (liabilities): (312) 43,607
Total assets less current liabilities: 898,600 972,919
Creditors: amounts falling due after more than one year: 7 (270,355) (398,167)
Provision for liabilities: (144,513) (131,525)
Total net assets (liabilities): 483,732 443,227
Capital and reserves
Called up share capital: 100 100
Share premium account: 19,970 19,970
Revaluation reserve:813,20613,206
Other reserves: 0 0
Profit and loss account: 450,456 409,951
Shareholders funds: 483,732 443,227

The notes form part of these financial statements

CHEMTEK LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 January 2025
and signed on behalf of the board by:

Name: Vincent Marcantonio
Status: Director

The notes form part of these financial statements

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 10 10

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 259,243
At 31 May 2024 259,243
Amortisation
At 01 June 2023 155,546
Charge for year 12,962
At 31 May 2024 168,508
Net book value
At 31 May 2024 90,735
At 31 May 2023 103,697

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 1,197,610
Additions 88,458
Disposals (4,995)
At 31 May 2024 1,281,073
Depreciation
At 01 June 2023 371,995
Charge for year 105,896
On disposals (4,995)
At 31 May 2024 472,896
Net book value
At 31 May 2024 808,177
At 31 May 2023 825,615

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 165,759 125,060

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

Bank loans & overdrafts £28,202/£28,202 Amounts due under finance leases and hire purchase contracts payable by instalments £77,433/£78,002 Amounts due under recourse factoring agreement £323,958/£393,212 Trade Creditors £194,929/£128,260 Taxation & Social Security costs £38,449/£38,607 Accruals £568/£1,280 Other Creditors £166,215/£118,447 TOTALS £829,754/£786,010.

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due after more than one year note

Bank loans repayable by instalments £41,415/£69,616 Amounts due under finance leases and hire purchase contracts repayable by instalments £129,191/£196,297 Other creditors, not by instalments £14,943/£14,943 Other creditors by instalments £84,806/£117,311 TOTALS £270,355/£398,167

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Revaluation reserve

2024
£
Balance at 01 June 2023 13,206
Surplus or deficit after revaluation 0
Balance at 31 May 2024 13,206

CHEMTEK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

9. Loans to directors

Name of director receiving advance or credit: Vincent Marcantonio
Description of the loan: An unsecured loan for the purpose of property development currently carrying interest at 2.25% per annum. The loan is repayable on or before 31st May 2031.
£
Balance at 01 June 2023 125,060
Balance at 31 May 2024 125,060