Company Registration No. 11374472 (England and Wales)
Quickchems Ltd
Unaudited accounts
for the year ended 31 May 2024
Quickchems Ltd
Unaudited accounts
Contents
Quickchems Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
2,545
3,130
Cash at bank and in hand
27,473
1,655
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
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
Quickchems Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 May 2024
1,631
6,067
7,698
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
At 31 May 2024
1,087
1,458
2,545
At 31 May 2023
-
3,130
3,130
Quickchems Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
337,364
126,052
Other debtors
81,091
210,370
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).