5 4 Chemical Search International Limited 03799211 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of a recruitment agent. Digita Accounts Production Advanced 6.30.9574.0 true true 03799211 2023-08-01 2024-07-31 03799211 2024-07-31 03799211 bus:OrdinaryShareClass1 2024-07-31 03799211 core:CurrentFinancialInstruments 2024-07-31 03799211 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 03799211 core:FurnitureFittingsToolsEquipment 2024-07-31 03799211 core:MotorVehicles 2024-07-31 03799211 bus:SmallEntities 2023-08-01 2024-07-31 03799211 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03799211 bus:FilletedAccounts 2023-08-01 2024-07-31 03799211 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03799211 bus:RegisteredOffice 2023-08-01 2024-07-31 03799211 bus:CompanySecretaryDirector1 2023-08-01 2024-07-31 03799211 bus:Director1 2023-08-01 2024-07-31 03799211 bus:Director3 2023-08-01 2024-07-31 03799211 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 03799211 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03799211 bus:Agent1 2023-08-01 2024-07-31 03799211 core:ComputerEquipment 2023-08-01 2024-07-31 03799211 core:FurnitureFittings 2023-08-01 2024-07-31 03799211 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 03799211 core:MotorVehicles 2023-08-01 2024-07-31 03799211 countries:AllCountries 2023-08-01 2024-07-31 03799211 2023-07-31 03799211 core:FurnitureFittingsToolsEquipment 2023-07-31 03799211 core:MotorVehicles 2023-07-31 03799211 2022-08-01 2023-07-31 03799211 2023-07-31 03799211 bus:OrdinaryShareClass1 2023-07-31 03799211 core:CurrentFinancialInstruments 2023-07-31 03799211 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 03799211 core:FurnitureFittingsToolsEquipment 2023-07-31 03799211 core:MotorVehicles 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03799211

Chemical Search International Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Chemical Search International Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Chemical Search International Limited

Company Information

Directors

Mr S J Mothersole

Mrs V Mothersole

A G Vaidya

Company secretary

Mrs V Mothersole

Registered office

35 Quaggy Walk
Blachheath
London
SE3 9EJ

Accountants

BDK Accountants Ltd 24 Scotts Road
Bromley
Kent
BR1 3QD

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Chemical Search International Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chemical Search International Limited for the year ended 31 July 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Chemical Search International Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chemical Search International Limited and state those matters that we have agreed to state to the Board of Directors of Chemical Search International Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chemical Search International Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chemical Search International Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chemical Search International Limited. You consider that Chemical Search International Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Chemical Search International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BDK Accountants Ltd
24 Scotts Road
Bromley
Kent
BR1 3QD

10 April 2025

 

Chemical Search International Limited

(Registration number: 03799211)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

25,559

34,950

Current assets

 

Debtors

5

129,047

119,113

Cash at bank and in hand

 

55,842

74,535

 

184,889

193,648

Creditors: Amounts falling due within one year

6

(184,096)

(148,745)

Net current assets

 

793

44,903

Total assets less current liabilities

 

26,352

79,853

Provisions for liabilities

(2,979)

(2,979)

Net assets

 

23,373

76,874

Capital and Reserves

 

Called up share capital

7

100

100

Retained Earnings

23,273

76,774

Shareholders' funds

 

23,373

76,874

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
Mr S J Mothersole
Director

 

Chemical Search International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
35 Quaggy Walk
Blachheath
London
SE3 9EJ
United Kingdom

These financial statements were authorised for issue by the Board on 10 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Chemical Search International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on reducing balance

Motor vehicles

25% on cost

Fixtures and fittings

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Chemical Search International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

Chemical Search International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible Assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

75,795

24,727

100,522

At 31 July 2024

75,795

24,727

100,522

Depreciation

At 1 August 2023

59,390

6,182

65,572

Charge for the year

3,209

6,182

9,391

At 31 July 2024

62,599

12,364

74,963

Carrying amount

At 31 July 2024

13,196

12,363

25,559

At 31 July 2023

16,405

18,545

34,950

5

Debtors

Current

2024
£

2023
£

Trade Debtors

127,709

119,113

Other debtors

1,338

-

 

129,047

119,113

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

108,556

56,419

Trade Creditors

 

15,440

26,343

Taxation and social security

 

38,880

59,623

Accruals and deferred income

 

1,776

1,461

Other creditors

 

19,444

4,899

 

184,096

148,745

 

Chemical Search International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Class A of £1 each

100

100

100

100

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

74,661

16,994

Other borrowings

33,895

39,425

108,556

56,419