Registered number
02833632
Case Chemical Consultancy Limited
Filleted Accounts
31 July 2024
Case Chemical Consultancy Limited
Registered number: 02833632
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 13,735 13,735
Tangible assets 4 339,998 344,435
353,733 358,170
Current assets
Stocks - 800
Debtors 5 5,123 7,656
Cash at bank and in hand 297 385
5,420 8,841
Creditors: amounts falling due within one year 6 (42,074) (30,919)
Net current liabilities (36,654) (22,078)
Total assets less current liabilities 317,079 336,092
Creditors: amounts falling due after more than one year 7 (47,791) (59,881)
Net assets 269,288 276,211
Capital and reserves
Called up share capital 2 2
Profit and loss account 269,286 276,209
Shareholders' funds 269,288 276,211
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Case
Director
Approved by the board on 19 May 2025
Case Chemical Consultancy Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery variable % reducing balance basis
Fixtures, fittings, tools and equipment variable % reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference., Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £ £
Goodwill:
Cost
At 1 August 2023 13,735 13,735
At 31 July 2024 13,735 13,735
Amortisation
At 31 July 2024 - -
Net book value
At 31 July 2024 13,735 13,735
At 31 July 2023 13,735 13,735
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Office Equipment Total
£ £ £ £
Cost
At 1 August 2023 331,248 42,807 9,000 23,585 406,640
Disposals - (1,620) - - (1,620)
At 31 July 2024 331,248 41,187 9,000 23,585 405,020
Depreciation
At 1 August 2023 - 37,331 4,440 20,434 62,205
Charge for the year - 960 912 945 2,817
At 31 July 2024 - 38,291 5,352 21,379 65,022
Net book value
At 31 July 2024 331,248 2,896 3,648 2,206 339,998
At 31 July 2023 331,248 5,476 4,560 3,151 344,435
5 Debtors 2024 2023
£ £
Trade debtors 4,008 7,656
Other debtors 1,115 -
5,123 7,656
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 35,470 15,478
Trade creditors - 7,929
Taxation and social security costs 5,354 6,362
Other creditors 1,250 1,150
42,074 30,919
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,926 14,158
Other creditors 39,865 45,723
47,791 59,881
8 Other information
Case Chemical Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5 Lea Green Farm
Christchurch Road
Lymington
Hampshire
SO41 0LA
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