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REGISTERED NUMBER: 02756679 (England and Wales)



































Financial Statements

for the Year Ended 31 August 2024

for

Minchem HMP Limited

Minchem HMP Limited (Registered number: 02756679)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Minchem HMP Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: C A Skidmore
Dr T A Skidmore
D C Skidmore
J A Ledsham



REGISTERED OFFICE: Scott Lidgett Industrial Estate
Scott Lidgett Road
Longport
Stoke-on-Trent
Staffordshire
ST6 4NQ



REGISTERED NUMBER: 02756679 (England and Wales)



SENIOR STATUTORY AUDITOR: Paul Robert Scriven FCCA



AUDITORS: Paterson Brodie Limited
Chartered Certified Accountants
Statutory Auditor
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

Minchem HMP Limited (Registered number: 02756679)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 269,302 297,179
269,302 297,179

CURRENT ASSETS
Stocks 1,707,248 2,307,010
Debtors 6 1,147,016 1,005,522
Cash at bank and in hand 1,048,924 319,730
3,903,188 3,632,262
CREDITORS
Amounts falling due within one year 7 728,071 721,777
NET CURRENT ASSETS 3,175,117 2,910,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,444,419

3,207,664

PROVISIONS FOR LIABILITIES 9 32,153 38,777
NET ASSETS 3,412,266 3,168,887

CAPITAL AND RESERVES
Called up share capital 10 1,250 1,250
Share premium 11 39,750 39,750
Retained earnings 11 3,371,266 3,127,887
SHAREHOLDERS' FUNDS 3,412,266 3,168,887

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 22 May 2025 and were signed on its behalf by:





C A Skidmore - Director


Minchem HMP Limited (Registered number: 02756679)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Minchem HMP 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 represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised when the goods are physically delivered to the customer.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - 33.33% on cost
Under construction - Nil until the asset is completed
Plant and machinery - at varying rates on cost
Office equipment - 20% 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.

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.

Minchem HMP Limited (Registered number: 02756679)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 2
AMORTISATION
At 1 September 2023
and 31 August 2024 2
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Minchem HMP Limited (Registered number: 02756679)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Freehold Short Under
property leasehold construction
£    £    £   
COST
At 1 September 2023 175,588 12,138 118,791
Additions - - -
Reclassification/transfer - - (118,791 )
At 31 August 2024 175,588 12,138 -
DEPRECIATION
At 1 September 2023 33,518 12,138 -
Charge for year 1,380 - -
At 31 August 2024 34,898 12,138 -
NET BOOK VALUE
At 31 August 2024 140,690 - -
At 31 August 2023 142,070 - 118,791

Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 350,039 12,517 669,073
Additions 4,097 499 4,596
Reclassification/transfer 118,791 - -
At 31 August 2024 472,927 13,016 673,669
DEPRECIATION
At 1 September 2023 316,128 10,110 371,894
Charge for year 30,604 489 32,473
At 31 August 2024 346,732 10,599 404,367
NET BOOK VALUE
At 31 August 2024 126,195 2,417 269,302
At 31 August 2023 33,911 2,407 297,179

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,102,491 970,017
Amounts owed by group undertakings 644 -
Other debtors 40 10
Prepayments 43,841 35,495
1,147,016 1,005,522

Minchem HMP Limited (Registered number: 02756679)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 327,564 208,799
Amounts owed to group undertakings - 3,153
Tax 88,395 97,262
Social security and other taxes 11,312 9,730
VAT 62,054 7,462
Other creditors 2,925 472
Credit card 407 3,680
Amounts due to parent
company 201,452 356,344
Accrued expenses 33,962 34,875
728,071 721,777

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 35,293 22,321
Between one and five years 71,209 73,329
106,502 95,650

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 32,153 38,777

Deferred
tax
£   
Balance at 1 September 2023 38,777
Credit to Income Statement during year (6,624 )
Balance at 31 August 2024 32,153

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1,250 Ordinary £1 1,250 1,250

Minchem HMP Limited (Registered number: 02756679)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2023 3,127,887 39,750 3,167,637
Profit for the year 243,379 243,379
At 31 August 2024 3,371,266 39,750 3,411,016

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Robert Scriven FCCA (Senior Statutory Auditor)
for and on behalf of Paterson Brodie Limited

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Minchem Limited, a company registered in England & Wales.
Mr C A Skidmore is the ultimate controlling party by virtue of his majority shareholding in the parent company Minchem Limited.