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REGISTERED NUMBER: 02311938 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHEMICAL AND AGRICULTURAL SERVICES LTD

CHEMICAL AND AGRICULTURAL SERVICES LTD (REGISTERED NUMBER: 02311938)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHEMICAL AND AGRICULTURAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D A Hutchinson
A McShane
W G Picton



REGISTERED OFFICE: Plex Lane
Halsall
Nr Ormskirk
Lancashire
L39 7JY



REGISTERED NUMBER: 02311938 (England and Wales)



SENIOR STATUTORY AUDITOR: Robert Booty ACA FCCA CTA



AUDITORS: Wheelers
Chartered Accountants, Tax Consultants
& Statutory Auditors
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

CHEMICAL AND AGRICULTURAL SERVICES LTD (REGISTERED NUMBER: 02311938)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 585,000 538,200

CURRENT ASSETS
Debtors 5 3,795,101 2,420,682
Cash at bank - 1,899,485
3,795,101 4,320,167
CREDITORS
Amounts falling due within one year 6 - 525,065
NET CURRENT ASSETS 3,795,101 3,795,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,380,101

4,333,302

PROVISIONS FOR LIABILITIES 58,133 44,181
NET ASSETS 4,321,968 4,289,121

CAPITAL AND RESERVES
Called up share capital 320,000 320,000
Share premium 88,600 88,600
Revaluation reserve 7 350,638 317,791
Other reserves 6,400 6,400
Retained earnings 3,556,330 3,556,330
4,321,968 4,289,121

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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





D A Hutchinson - Director


CHEMICAL AND AGRICULTURAL SERVICES LTD (REGISTERED NUMBER: 02311938)

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

1. STATUTORY INFORMATION

Chemical and Agricultural Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the break up basis as the company does not now trade following the hive up of its trade to H L Hutchinson Limited on 31 December 2023. The company was dormant throughout the current year.

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 and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on experience and other factors considered to be relevant. Actual results may differ from these estimates.

The key judgements and sources of estimation uncertainty recognised in the financial statements are descried below:

Impairment of slow moving and obsolete stock
As stated in the accounting policy stock is valued at the lower of cost and net realisable value with an allowance for slow moving and obsolete stock. This allowance is reviewed annually by the directors and is based on historical sales, future orders and age of the stock. This estimate does not have a significant effect on the financial statements.

Estimated useful lives and residual values of fixed assets
As described in the accounting policies, depreciation and amortisation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised if necessary. This estimate has a significant effect on the financial statements.

Allowance for doubtful debts
The company assesses its doubtful debt allowance at each reporting date. Key assumptions applied are the estimated debt recovery rates and the future market conditions that could affect recovery.

Turnover
Turnover represents net invoiced sales from the supply of agricultural, horticultural chemicals and fertilisers and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when the goods are despatched or the service provided.

CHEMICAL AND AGRICULTURAL SERVICES LTD (REGISTERED NUMBER: 02311938)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on cost

Financial instruments
Trade debtors are recognised initially at fair value and subsequently measured at amortised cost less provision for impairment. A provision for impairment in trade debtors is established when there is evidence that the company will not be able to collect all amounts due.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business. Trade creditors are recognised measured at amortised cost.

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. It is recognised on the anticipated gain that would be made in the event that land and buildings would be sold at the deemed cost.

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.

Hire purchase and leasing commitments
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.

Cash and cash equivalents
Cash at bank and in hand is represented by amounts deposited at the company's bank accounts, cash is available immediately upon request.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 16 ).

CHEMICAL AND AGRICULTURAL SERVICES LTD (REGISTERED NUMBER: 02311938)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 585,000 23,283 608,283
Revaluations - (23,283 ) (23,283 )
At 31 December 2024 585,000 - 585,000
DEPRECIATION
At 1 January 2024 46,800 23,283 70,083
Revaluation adjustments (46,800 ) (23,283 ) (70,083 )
At 31 December 2024 - - -
NET BOOK VALUE
At 31 December 2024 585,000 - 585,000
At 31 December 2023 538,200 - 538,200

Cost or valuation at 31 December 2024 is represented by:

Freehold
property
£   
Valuation in 2024 585,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 191,553 191,553

Freehold land and buildings were valued on an open market basis on 22 January 2025 by Armitstead Barnett LLP .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 937,684
Amounts owed by group undertakings 3,795,101 1,452,763
Other debtors - 30,235
3,795,101 2,420,682

CHEMICAL AND AGRICULTURAL SERVICES LTD (REGISTERED NUMBER: 02311938)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors - 38,644
Taxation and social security - 441,715
Other creditors - 44,706
- 525,065

7. RESERVES
Revaluation
reserve
£   
At 1 January 2024 317,791
Revaluation 32,847

At 31 December 2024 350,638

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Booty ACA FCCA CTA (Senior Statutory Auditor)
for and on behalf of Wheelers

9. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of H L Hutchinson Limited, a company incorporated in England and Wales.

The directors consider the ultimate parent company is Hutchinson Group Limited, a company incorporated in
England. The registered office of Hutchinson Group Limited is Weasenham Lane, Wisbech, Cambridgeshire,
PE13 2RN. There is no overall controlling party of Hutchinson Group Limited. Copies of the group accounts
can be obtained from Companies House.