REGISTERED NUMBER: |
Financial Statements for the Period 1 May 2023 to 31 December 2023 |
for |
Chemical Treatment Services (Ireland) |
Limited |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Auditors: |
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 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
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 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
Cost |
At 1 May 2023 |
and 31 December 2023 |
Amortisation |
At 1 May 2023 |
and 31 December 2023 |
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 |
Additions |
At 31 December 2023 |
Depreciation |
At 1 May 2023 |
Charge for period |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
At 30 April 2023 |
6. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31/12/23 | 30/4/23 |
£ | £ |
Within one year |
Between one and five years |
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: | £ | £ |
Ordinary A | £1 | 41 | 41 |
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. |
for and on behalf of |
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. |