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ARVEN INDUSTRIAL CHEMICALS LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2024






ARVEN INDUSTRIAL CHEMICALS LIMITED (REGISTERED NUMBER: 01606370)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARVEN INDUSTRIAL CHEMICALS LIMITED

Company Information
for the year ended 31st March 2024







DIRECTORS: R W Barr
Mrs I Barr
C Barr





REGISTERED OFFICE: 6 Goddard Road
Astmoor Industrial Estate
Runcorn
Cheshire
WA7 1QF





REGISTERED NUMBER: 01606370 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

ARVEN INDUSTRIAL CHEMICALS LIMITED (REGISTERED NUMBER: 01606370)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,578 164,819

CURRENT ASSETS
Stocks 58,420 45,221
Debtors 5 201,600 232,952
Cash at bank 1,968 13,761
261,988 291,934
CREDITORS
Amounts falling due within one year 6 258,384 363,240
NET CURRENT ASSETS/(LIABILITIES) 3,604 (71,306 )
TOTAL ASSETS LESS CURRENT LIABILITIES 45,182 93,513

CREDITORS
Amounts falling due after more than one
year

7

29,667

81,157
NET ASSETS 15,515 12,356

CAPITAL AND RESERVES
Called up share capital 10,004 10,004
Retained earnings 5,511 2,352
SHAREHOLDERS' FUNDS 15,515 12,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ARVEN INDUSTRIAL CHEMICALS LIMITED (REGISTERED NUMBER: 01606370)

Balance Sheet - continued
31st March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th March 2025 and were signed on its behalf by:





C Barr - Director


ARVEN INDUSTRIAL CHEMICALS LIMITED (REGISTERED NUMBER: 01606370)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Arven Industrial Chemicals Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

ARVEN INDUSTRIAL CHEMICALS LIMITED (REGISTERED NUMBER: 01606370)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transition price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/from related parties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 115,556 83,875 95,491 79,450 374,372
Additions - 1,087 1,643 - 2,730
Disposals (115,556 ) - - (30,838 ) (146,394 )
At 31st March 2024 - 84,962 97,134 48,612 230,708
DEPRECIATION
At 1st April 2023 22,963 69,932 85,100 31,558 209,553
Charge for year - 2,254 1,805 6,191 10,250
Eliminated on disposal (22,963 ) - - (7,710 ) (30,673 )
At 31st March 2024 - 72,186 86,905 30,039 189,130
NET BOOK VALUE
At 31st March 2024 - 12,776 10,229 18,573 41,578
At 31st March 2023 92,593 13,943 10,391 47,892 164,819

ARVEN INDUSTRIAL CHEMICALS LIMITED (REGISTERED NUMBER: 01606370)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st April 2023
and 31st March 2024 28,691
DEPRECIATION
At 1st April 2023 7,173
Charge for year 5,379
At 31st March 2024 12,552
NET BOOK VALUE
At 31st March 2024 16,139
At 31st March 2023 21,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 155,766 159,716
Other debtors 45,834 73,236
201,600 232,952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,047 22,546
Hire purchase contracts 6,000 6,250
Trade creditors 81,522 120,613
Taxation and social security 9,284 22,453
Other creditors 151,531 191,378
258,384 363,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 57,157
Hire purchase contracts 18,000 24,000
29,667 81,157

ARVEN INDUSTRIAL CHEMICALS LIMITED (REGISTERED NUMBER: 01606370)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 85,552 83,476

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
C Barr
Balance outstanding at start of year 5,021 4,821
Amounts advanced 13,073 5,021
Amounts repaid (18,100 ) (4,821 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6 ) 5,021

The above loan is interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £56,561 (2023 - £75,295) owed to the director Mr R W Barr. Also included in other creditors is an amount of £6 owed to C Barr.