Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falseRegulatory consultants for cosmetics and chemical industries22024-01-01true2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06401094 2024-01-01 2024-12-31 06401094 2023-01-01 2023-12-31 06401094 2024-12-31 06401094 2023-12-31 06401094 c:Director1 2024-01-01 2024-12-31 06401094 d:CurrentFinancialInstruments 2024-12-31 06401094 d:CurrentFinancialInstruments 2023-12-31 06401094 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06401094 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06401094 d:ShareCapital 2024-12-31 06401094 d:ShareCapital 2023-12-31 06401094 d:RetainedEarningsAccumulatedLosses 2024-12-31 06401094 d:RetainedEarningsAccumulatedLosses 2023-12-31 06401094 c:OrdinaryShareClass1 2024-01-01 2024-12-31 06401094 c:OrdinaryShareClass1 2024-12-31 06401094 c:OrdinaryShareClass2 2024-01-01 2024-12-31 06401094 c:OrdinaryShareClass2 2024-12-31 06401094 c:FRS102 2024-01-01 2024-12-31 06401094 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06401094 c:FullAccounts 2024-01-01 2024-12-31 06401094 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06401094 2 2024-01-01 2024-12-31 06401094 e:PoundSterling 2024-01-01 2024-12-31 06401094 d:EntityControlledByKeyManagementPersonnel1 2024-01-01 2024-12-31 06401094 d:EntityControlledByKeyManagementPersonnel1 2024-12-31 06401094 d:EntityControlledByKeyManagementPersonnel2 2024-01-01 2024-12-31 06401094 d:EntityControlledByKeyManagementPersonnel2 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06401094









INTERNATIONAL COSMETICS AND CHEMICAL SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
INTERNATIONAL COSMETICS AND CHEMICAL SERVICES LTD
REGISTERED NUMBER: 06401094

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024


2024

2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
1,629

Cash at bank and in hand
 5 
56,745
70,968

  
56,745
72,597

Creditors: amounts falling due within one year
 6 
(35,370)
(52,826)

Net current assets
  
 
 
21,375
 
 
19,771

Total assets less current liabilities
  
21,375
19,771

  

Net assets
  
21,375
19,771


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
21,275
19,671

  
21,375
19,771


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2025.


J W Blaschke
Director


The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
INTERNATIONAL COSMETICS AND CHEMICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

International Cosmetics and Chemical Services Limited is a company limited by shares, incorporated in England and Wales.  The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company specialises in regulatory consulting to the cosmetics and chemical industries.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have taken consideration of the impact of inflationary pressures in the market on the business and the withdrawal of the United Kingdom from the European Union. The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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.

Page 2

 
INTERNATIONAL COSMETICS AND CHEMICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

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

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

 
2.8

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 3

 
INTERNATIONAL COSMETICS AND CHEMICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
-
1,629

-
1,629



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
56,745
70,968

56,745
70,968



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
376
1,638

Other creditors
30,235
46,429

Accruals and deferred income
4,759
4,759

35,370
52,826


Page 4

 
INTERNATIONAL COSMETICS AND CHEMICAL SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 Ordinary A shares of £1 each
90
90
10 Ordinary B shares of £1 each
10
10

100

100


The Ordinary A £1 shares and Ordinary B £1 shares are separate classes of shares for the purpose of declaring dividends but rank pari passu in all other respects.



8.


Related party transactions

During the year International Cosmetics & Regulatory Specialists LLC, a company based in California USA in which the directors have an interest, provided services and recharged expenses to the company amounting to £28,959 (2023 - £53,723). At year end, an amount of £17,144 (2023 - £28,779) was due to the LLC.
 
Included in other creditors are amounts owed to directors of £3,083 (2023 - £2,683).


9.


Controlling party

The company was under the ultimate control of J W Blaschke, a director, throughout the year.

Page 5