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Registered number: 06942748
Waychem Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Gower Accountancy Limited
Chartered Certified Accountants
Second Floor
150-151 Fleet Street
London
EC4A 2DQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06942748
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,952,429 4,156,978
Cash at bank and in hand 217,796 31,516
2,170,225 4,188,494
Creditors: Amounts Falling Due Within One Year 5 (1,747,641 ) (4,440,966 )
NET CURRENT ASSETS (LIABILITIES) 422,584 (252,472 )
TOTAL ASSETS LESS CURRENT LIABILITIES 422,584 (252,472 )
NET ASSETS/(LIABILITIES) 422,584 (252,472 )
CAPITAL AND RESERVES
Called up share capital 6 500 500
Profit and Loss Account 422,084 (252,972 )
SHAREHOLDERS' FUNDS 422,584 (252,472)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M A Ulrich
Director
1 September 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Waychem Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06942748 . The registered office is Second Floor, 150-151 Fleet Street, London, EC4A 2DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
2.3. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
2.4. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.5. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,948,517 4,156,046
Other debtors 3,912 932
1,952,429 4,156,978
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 573,508 1,078,495
Other creditors 1,174,133 3,362,471
1,747,641 4,440,966
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
Page 3