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REGISTERED NUMBER: 02208220 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

STARBRITE CHEMICALS LIMITED

STARBRITE CHEMICALS LIMITED (REGISTERED NUMBER: 02208220)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STARBRITE CHEMICALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: G A Warriner





SECRETARY: A Redington





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 02208220 (England and Wales)





ACCOUNTANTS: John Williams & Co
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

STARBRITE CHEMICALS LIMITED (REGISTERED NUMBER: 02208220)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,714 50,893

CURRENT ASSETS
Stocks 5 109,362 106,686
Debtors 6 489,954 406,787
Cash at bank and in hand 161,773 76,488
761,089 589,961
CREDITORS
Amounts falling due within one year 7 449,557 326,114
NET CURRENT ASSETS 311,532 263,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,246

314,740

CREDITORS
Amounts falling due after more than one
year

8

8,181

3,500
NET ASSETS 366,065 311,240

CAPITAL AND RESERVES
Called up share capital 10 13,333 13,333
Share premium 11 96,667 96,667
Retained earnings 11 256,065 201,240
SHAREHOLDERS' FUNDS 366,065 311,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STARBRITE CHEMICALS LIMITED (REGISTERED NUMBER: 02208220)

BALANCE SHEET - continued
31 OCTOBER 2024


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 director and authorised for issue on 8 May 2025 and were signed by:





G A Warriner - Director


STARBRITE CHEMICALS LIMITED (REGISTERED NUMBER: 02208220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Starbrite Chemicals 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK, not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

STARBRITE CHEMICALS LIMITED (REGISTERED NUMBER: 02208220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 23,108 12,742 90,436 126,286
Additions - 1,498 29,023 30,521
Disposals - - (19,450 ) (19,450 )
At 31 October 2024 23,108 14,240 100,009 137,357
DEPRECIATION
At 1 November 2023 20,866 9,713 44,814 75,393
Charge for year 336 529 12,835 13,700
Eliminated on disposal - - (14,450 ) (14,450 )
At 31 October 2024 21,202 10,242 43,199 74,643
NET BOOK VALUE
At 31 October 2024 1,906 3,998 56,810 62,714
At 31 October 2023 2,242 3,029 45,622 50,893

STARBRITE CHEMICALS LIMITED (REGISTERED NUMBER: 02208220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 24,000
DEPRECIATION
At 1 November 2023 3,000
Charge for year 5,250
At 31 October 2024 8,250
NET BOOK VALUE
At 31 October 2024 15,750
At 31 October 2023 21,000

5. STOCKS
2024 2023
£    £   
Stocks 109,362 106,686

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 358,536 260,272
Other debtors 15,697 7,643
Amounts owed by group companies 115,721 136,230
VAT - 2,642
489,954 406,787

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,174 7,000
Trade creditors 290,571 271,204
Tax 24,476 17,119
Social security and other taxes 49,302 5,097
VAT 12,615 -
Other creditors 1,537 815
Net Wages 49,208 11,905
Directors' current accounts 5,374 5,374
Accruals & deferred income 8,300 7,600
449,557 326,114

STARBRITE CHEMICALS LIMITED (REGISTERED NUMBER: 02208220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 8,181 3,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 16,355 10,500

A composite guarantee in favour of the company's bankers exists between Intachem Holdings Limited, Starbrite Chemicals Limited, Direct Chemical Solutions Limited and Spanjer Chemicals Limited. Intachem Holdings Limited is the parent company. Spanjer Chemicals Limited and Direct Chemical Solutions Limited are companies under common control.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
13,333 Ordinary £1 13,333 13,333

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 November 2023 201,240 96,667 297,907
Profit for the year 66,825 66,825
Dividends (12,000 ) (12,000 )
At 31 October 2024 256,065 96,667 352,732

12. RELATED PARTY DISCLOSURES


XL Holdings Limited
A company in which G A Warriner is a director and 50% shareholder.

At the year end there was a loan balance due from XL Holdings Limited of £1,950 (2023: £1,950) on which no interest was charged.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A Warriner.

14. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Intachem Holdings Limited whose registered office is Chart House, 2 Effingham Road, Reigate, Surrey, RH2 7JN