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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
Page
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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
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SHEAV CHEM LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
537,438 
567,975 
Tangible assets
309,440 
309,993 
846,878 
877,968 
Current assets
Inventories
129,440 
131,854 
Debtors
441,411 
458,102 
Cash at bank and in hand
74,752 
62,103 
645,603 
652,059 
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 
Capital and reserves
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
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SHEAV CHEM LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
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.
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SHEAV CHEM LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
607,351 
At 30 September 2024
607,351 
Amortisation
At 1 October 2023
39,376 
Charge for the year
30,537 
At 30 September 2024
69,913 
Net book value
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
46,023 
77,618 
Accrued income and prepayments
8,406 
10,566 
Other debtors
386,982 
369,918 
441,411 
458,102 
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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 
Accruals
8,450 
6,500 
618,943 
602,363 
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).
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