Registered number
10650068
CoCoChemistry Limited
Unaudited Filleted Accounts
31 March 2025
CoCoChemistry Limited
Registered number: 10650068
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 2,000 3,000
Tangible assets 4 59,384 66,285
61,384 69,285
Current assets
Stocks 58,820 61,583
Debtors 5 3,443 2,809
Cash at bank and in hand 514,369 529,516
576,632 593,908
Creditors: amounts falling due within one year 6 (260,168) (344,833)
Net current assets 316,464 249,075
Total assets less current liabilities 377,848 318,360
Creditors: amounts falling due after more than one year 7 (13,847) (14,807)
Provisions for liabilities (13,565) (14,474)
Net assets 350,436 289,079
Capital and reserves
Called up share capital 10 10
Profit and loss account 350,426 289,069
Shareholders' funds 350,436 289,079
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.
RW Phillips
Director
Approved by the board on 6 June 2025
CoCoChemistry Limited
Notes to the Accounts
for the year ended 31 March 2025
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 3 - 10 years straight line or 25% reducing balance
Fixtures, fittings, tools and equipment over 3 - 10 years straight line or 25% reducing balance
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 10,000
At 31 March 2025 10,000
Amortisation
At 1 April 2024 7,000
Provided during the year 1,000
At 31 March 2025 8,000
Net book value
At 31 March 2025 2,000
At 31 March 2024 3,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 208,066
Additions 12,744
At 31 March 2025 220,810
Depreciation
At 1 April 2024 141,781
Charge for the year 19,645
At 31 March 2025 161,426
Net book value
At 31 March 2025 59,384
At 31 March 2024 66,285
5 Debtors 2025 2024
£ £
Trade debtors 2,358 2,809
Prepayments and accrued income 1,085 -
3,443 2,809
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 5,398 1,134
Taxation and social security costs 33,839 30,256
Directors' loan accounts 210,272 303,425
Accruals and deferred income 10,257 9,240
Other creditors 402 778
260,168 344,833
7 Creditors: amounts falling due after one year 2025 2024
£ £
Deferred income 13,847 14,807
Deferred income comprises grants received for the purchase of plant and machinery and is being released to the profit and loss account over the estimated useful life of those assets, being 10 years.
8 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 52,669 52,625
9 Going concern
The directors have reviewed the company's progress over the past year and the resources available to it and have concluded that the going concern basis remains appropriate
10 Controlling party
Dr RW Phillips and JA Wishart control the company by virtue of owning 100% of the company's issued share capital.
11 Other information
CoCoChemistry Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Nethercote Hill
Lacock
Wiltshire
SN15 2LD
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