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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
Page
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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
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Development Chemicals Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
63,757 
12,954 
Current assets
Debtors
243,647 
271,185 
Cash at bank and in hand
204,739 
213,798 
448,386 
484,983 
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 
Capital and reserves
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
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Development Chemicals Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
5 years
Motor vehicles
5 years
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 
Depreciation
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 
Net book value
At 31 March 2024
240 
62,824 
693 
63,757 
At 31 March 2023
402 
11,611 
941 
12,954 
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Development Chemicals Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
215,800 
242,058 
Accrued income and prepayments
372 
- 
Other debtors
27,475 
29,127 
243,647 
271,185 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,183 
9,932 
VAT
6,290 
8,931 
Trade creditors
2,806 
213 
Taxes and social security
(396)
61,577 
Other creditors
4,237 
4,241 
Loans from directors
5,407 
4,532 
28,527 
89,426 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,091 
23,274 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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