Company Registration No. 05754716 (England and Wales)
Development Chemicals Ltd
Unaudited accounts
for the year ended 31 March 2024
Development Chemicals Ltd
Unaudited accounts
Contents
Development Chemicals Ltd
Company Information
for the year ended 31 March 2024
Directors
Peter Nightingale
Bernice Nightingale
Stephen Nightingale
Company Number
05754716 (England and Wales)
Registered Office
128 WINDLEHURST ROAD
HIGH LANE
STOCKPORT
CHESHIRE
SK6 8AF
Accountants
Middlers Accountants
Netpark
Thomas Wright Way
Sedgefield
Durham
TS21 3FD
Development Chemicals Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
63,757
12,954
Cash at bank and in hand
204,739
213,798
Creditors: amounts falling due within one year
(28,527)
(89,426)
Net current assets
419,859
395,557
Total assets less current liabilities
483,616
408,511
Creditors: amounts falling due after more than one year
(13,091)
(23,274)
Net assets
470,525
385,237
Called up share capital
4
4
Profit and loss account
470,521
385,233
Shareholders' funds
470,525
385,237
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. 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by
Peter Nightingale
Director
Company Registration No. 05754716
Development Chemicals Ltd
Notes to the Accounts
for the year ended 31 March 2024
Development Chemicals Ltd is a private company, limited by shares, registered in England and Wales, registration number 05754716. The registered office is 128 WINDLEHURST ROAD, HIGH LANE, STOCKPORT, CHESHIRE, SK6 8AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
3,772
36,667
1,910
42,349
Additions
-
67,311
290
67,601
Disposals
-
(36,667)
-
(36,667)
At 31 March 2024
3,772
67,311
2,200
73,283
At 1 April 2023
3,370
25,056
969
29,395
Charge for the year
162
4,487
538
5,187
On disposals
-
(25,056)
-
(25,056)
At 31 March 2024
3,532
4,487
1,507
9,526
At 31 March 2024
240
62,824
693
63,757
At 31 March 2023
402
11,611
941
12,954
Development Chemicals Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
215,800
242,058
Accrued income and prepayments
372
-
Other debtors
27,475
29,127
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,183
9,932
Taxes and social security
(396)
61,577
Other creditors
4,237
4,241
Loans from directors
5,407
4,532
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).