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REGISTERED NUMBER: NI017799 (Northern Ireland)















Financial Statements for the Period 1 May 2023 to 31 December 2023

for

Chemical Treatment Services (Ireland)
Limited

Chemical Treatment Services (Ireland)
Limited (Registered number: NI017799)

Contents of the Financial Statements
for the period 1 May 2023 to 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Chemical Treatment Services (Ireland)
Limited

Company Information
for the period 1 May 2023 to 31 December 2023







Directors: S P Fergusson
R C J Fergusson
J R Fergusson
G M Hartley
B P Hartley
P J Horton
A P Nicholls





Registered office: Harbour Court
CTS House
9 Heron Road
Belfast
BT3 9HB





Registered number: NI017799 (Northern Ireland)





Auditors: Acre Accountancy Limited
Statutory Auditor
Certified Accountants
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Chemical Treatment Services (Ireland)
Limited (Registered number: NI017799)

Abridged Balance Sheet
31 December 2023

31/12/23 30/4/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 58,404 51,094
58,404 51,094

CURRENT ASSETS
Stocks 248,427 125,000
Debtors 756,268 1,863,651
Cash at bank and in hand 600,171 840,957
1,604,866 2,829,608
CREDITORS
Amounts falling due within one year (1,055,356 ) (620,638 )
NET CURRENT ASSETS 549,510 2,208,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

607,914

2,260,064

PROVISIONS FOR LIABILITIES (14,601 ) (12,905 )
NET ASSETS 593,313 2,247,159

CAPITAL AND RESERVES
Called up share capital 8 44 44
Capital redemption reserve 60 60
Retained earnings 593,209 2,247,055
SHAREHOLDERS' FUNDS 593,313 2,247,159

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 February 2025 and were signed on its behalf by:





B P Hartley - Director


Chemical Treatment Services (Ireland)
Limited (Registered number: NI017799)

Notes to the Financial Statements
for the period 1 May 2023 to 31 December 2023


1. STATUTORY INFORMATION

Chemical Treatment Services (Ireland) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods
Turnover from the sale of goods is recognised when the significant risk and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has received delivery of the goods.

Rendering of Services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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

Taxation
Taxation for the period 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.


Chemical Treatment Services (Ireland)
Limited (Registered number: NI017799)

Notes to the Financial Statements - continued
for the period 1 May 2023 to 31 December 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 27 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 May 2023
and 31 December 2023 300,000
Amortisation
At 1 May 2023
and 31 December 2023 300,000
Net book value

At 31 December 2023 -
At 30 April 2023 -

Chemical Treatment Services (Ireland)
Limited (Registered number: NI017799)

Notes to the Financial Statements - continued
for the period 1 May 2023 to 31 December 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 May 2023 185,663
Additions 15,520
At 31 December 2023 201,183
Depreciation
At 1 May 2023 134,569
Charge for period 8,210
At 31 December 2023 142,779
Net book value
At 31 December 2023 58,404
At 30 April 2023 51,094

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 30/4/23
£    £   
Within one year 68,257 -
Between one and five years 98,447 -
166,704 -

7. SECURED DEBTS

The company entered into a security arrangement dated 29th January 2024 (the "debenture") as part of the Group bank arrangements, containing fixed and floating charges over the company's assets.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 30/4/23
value: £    £   
41 Ordinary A £1 41 41
3 Ordinary B £1 3 3
44 44

Chemical Treatment Services (Ireland)
Limited (Registered number: NI017799)

Notes to the Financial Statements - continued
for the period 1 May 2023 to 31 December 2023


9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for Qualified Opinion
The previous years financial statements for the year ended 30 April 2022 were unaudited and we were not appointed as auditors until February 2024. We have been unable contain sufficient appropriate audit evidence that opening balances do not contain misstatements that materially affect the current periods financial statements

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs ((UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Mr Mark Bevan FCCA (Senior Statutory Auditor)
for and on behalf of Acre Accountancy Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.