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REGISTERED NUMBER: 03588351 (England and Wales)














CEETEK CHEMICALS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






CEETEK CHEMICALS LIMITED (REGISTERED NUMBER: 03588351)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CEETEK CHEMICALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: N W Munro
W D Munro





SECRETARY: N W Munro





REGISTERED OFFICE: Unit E11
Wem Industrial Estate
Wem
Shropshire
SY4 5SD





REGISTERED NUMBER: 03588351 (England and Wales)

CEETEK CHEMICALS LIMITED (REGISTERED NUMBER: 03588351)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 258,578 282,910

CURRENT ASSETS
Stocks 105,167 75,178
Debtors 5 411,447 363,383
Cash at bank and in hand 52,567 115,473
569,181 554,034
CREDITORS
Amounts falling due within one year 6 374,097 251,010
NET CURRENT ASSETS 195,084 303,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,662

585,934

CREDITORS
Amounts falling due after more than one
year

7

(67,013

)

(146,761

)

ACCRUALS AND DEFERRED INCOME (112,204 ) (114,495 )
NET ASSETS 274,445 324,678

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 274,345 324,578
SHAREHOLDERS' FUNDS 274,445 324,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

CEETEK CHEMICALS LIMITED (REGISTERED NUMBER: 03588351)

BALANCE SHEET - continued
30TH JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th March 2025 and were signed on its behalf by:





N W Munro - Director


CEETEK CHEMICALS LIMITED (REGISTERED NUMBER: 03588351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Ceetek 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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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
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.

CEETEK CHEMICALS LIMITED (REGISTERED NUMBER: 03588351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

Grant income
The government grant received has been amortised on the basis of 15% straight line in line with the depreciation of the assets it relates to.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1st July 2023 136,132 138,598 84,292 31,169 390,191
Additions - 16,815 - - 16,815
At 30th June 2024 136,132 155,413 84,292 31,169 407,006
DEPRECIATION
At 1st July 2023 4,898 43,367 37,709 21,307 107,281
Charge for year 2,722 23,315 12,644 2,466 41,147
At 30th June 2024 7,620 66,682 50,353 23,773 148,428
NET BOOK VALUE
At 30th June 2024 128,512 88,731 33,939 7,396 258,578
At 30th June 2023 131,234 95,231 46,583 9,862 282,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 173,603 143,366
Amounts owed by group undertakings 181,409 217,200
Tax 55,391 -
VAT - 1,669
Prepayments 1,044 1,148
411,447 363,383

CEETEK CHEMICALS LIMITED (REGISTERED NUMBER: 03588351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 77,576 79,732
Trade creditors 261,164 161,332
Tax 197 -
Social security and other taxes 2,103 1,028
VAT 16,691 -
Other creditors 248 -
Pensions - 355
Accrued expenses 11,761 4,154
Deferred government grants 4,357 4,409
374,097 251,010

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loan 51,250 77,733
Bank loans - 2-5 years - 51,198
Deferred government grants 15,763 17,830
67,013 146,761

8. RELATED PARTY DISCLOSURES

Dividends of £100,000 (2023 - £50,000) were paid to CTKH Limited

Ceetek Chemicals Limited is a wholly owned subsidiary of CTKH Limited

Rent was paid of £12,000 (2023 - £12,000) and management charges of £60,000 (2023 - £48,000)

As at the 30th June 2024 Ceetek Chemicals Limited was owed £181,409 (2023 £217,200) by CTKH Limited.