Company Registration No. 05400807 (England and Wales)
SHEAV CHEM LIMITED
Unaudited accounts
for the year ended 30 September 2024
SHEAV CHEM LIMITED
Unaudited accounts
Contents
SHEAV CHEM LIMITED
Company Information
for the year ended 30 September 2024
Directors
Chirag Shah
Purvi Shah
Company Number
05400807 (England and Wales)
Registered Office
38 THISTLECROFT GARDENS
STANMORE
HA7 1PN
ENGLAND
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
SHEAV CHEM LIMITED
Statement of financial position
as at 30 September 2024
Intangible assets
537,438
567,975
Tangible assets
309,440
309,993
Inventories
129,440
131,854
Cash at bank and in hand
74,752
62,103
Creditors: amounts falling due within one year
(618,943)
(602,363)
Net current assets
26,660
49,696
Total assets less current liabilities
873,538
927,664
Creditors: amounts falling due after more than one year
(746,911)
(780,879)
Net assets
126,627
146,785
Called up share capital
1,000
1,000
Profit and loss account
125,627
145,785
Shareholders' funds
126,627
146,785
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by
Chirag Shah
Director
Company Registration No. 05400807
SHEAV CHEM LIMITED
Notes to the Accounts
for the year ended 30 September 2024
SHEAV CHEM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05400807. The registered office is 38 THISTLECROFT GARDENS, STANMORE, HA7 1PN, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% as per reducing balance method
Motor vehicles
20% as per reducing balance method
Fixtures & fittings
25% as per reducing balance method
Computer equipment
33.33% as per straight line method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
SHEAV CHEM LIMITED
Notes to the Accounts
for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill
At 30 September 2024
607,351
Charge for the year
30,537
At 30 September 2024
69,913
At 30 September 2024
537,438
At 30 September 2023
567,975
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
253,529
31,399
80,118
16,221
381,267
Additions
-
-
80,598
4,264
84,862
At 30 September 2024
253,529
31,399
160,716
20,485
466,129
At 1 October 2023
42,676
6,280
18,529
3,789
71,274
Charge for the year
42,171
5,024
32,112
6,108
85,415
At 30 September 2024
84,847
11,304
50,641
9,897
156,689
At 30 September 2024
168,682
20,095
110,075
10,588
309,440
At 30 September 2023
210,853
25,119
61,589
12,432
309,993
Amounts falling due within one year
Accrued income and prepayments
8,406
10,566
Other debtors
386,982
369,918
SHEAV CHEM LIMITED
Notes to the Accounts
for the year ended 30 September 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
102,720
104,114
Trade creditors
358,576
410,623
Taxes and social security
54,213
27,235
Other creditors
89,409
53,010
Loans from directors
5,575
881
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
746,911
780,879
9
Average number of employees
During the year the average number of employees was 11 (2023: 13).