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Company Registration No. 11374472 (England and Wales)
Quickchems Ltd Unaudited accounts for the year ended 31 May 2024
Quickchems Ltd Unaudited accounts Contents
Page
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Quickchems Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,545 
3,130 
Current assets
Inventories
16,296 
26,069 
Debtors
418,455 
336,422 
Cash at bank and in hand
27,473 
1,655 
462,224 
364,146 
Creditors: amounts falling due within one year
(454,179)
(221,239)
Net current assets
8,045 
142,907 
Total assets less current liabilities
10,590 
146,037 
Creditors: amounts falling due after more than one year
(9,994)
(19,989)
Provisions for liabilities
Deferred tax
(595)
(595)
Net assets
1 
125,453 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
- 
125,452 
Shareholders' funds
1 
125,453 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 May 2025 and were signed on its behalf by
Christopher Kell Director Company Registration No. 11374472
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Quickchems Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Quickchems Ltd is a private company, limited by shares, registered in England and Wales, registration number 11374472. The registered office is 19 Sledmere Green, Leeds, West Yorkshire, LS14 5DS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% SL
Computer equipment
33% SL
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
- 
5,717 
5,717 
Additions
1,631 
350 
1,981 
At 31 May 2024
1,631 
6,067 
7,698 
Depreciation
At 1 June 2023
- 
2,587 
2,587 
Charge for the year
544 
2,022 
2,566 
At 31 May 2024
544 
4,609 
5,153 
Net book value
At 31 May 2024
1,087 
1,458 
2,545 
At 31 May 2023
- 
3,130 
3,130 
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Quickchems Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
337,364 
126,052 
Other debtors
81,091 
210,370 
418,455 
336,422 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,995 
9,995 
Trade creditors
984 
52,098 
Taxes and social security
2,796 
38,373 
Other creditors
440,404 
120,773 
454,179 
221,239 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,994 
19,989 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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