Chemilab Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 4447223

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,265,352		1,356,756
Tangible Assets	5		1,011,758		988,111

			2,277,110		2,344,867
CURRENT ASSETS
Stocks	6	253,613		193,785
Debtors	7	535,932		497,132
Cash at bank and in hand		1,829,544		1,721,305

		2,619,089		2,412,222
Creditors: Amounts Falling Due Within One Year	8	(692,657 )		(683,528 )

NET CURRENT ASSETS (LIABILITIES)			1,926,432		1,728,694

TOTAL ASSETS LESS CURRENT LIABILITIES			4,203,542		4,073,561

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(36,707 )		(36,387 )

NET ASSETS			4,166,835		4,037,174

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			4,166,834		4,037,173

SHAREHOLDERS' FUNDS			4,166,835		4,037,174

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Chemilab Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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.

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 Girish Mehta

Director

4th September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Chemilab Limited Registered number 4447223 is a limited by shares company incorporated in England & Wales. The Registered Office is 103 North Approach, Watford, Hertfordshire, WD25 0EL.

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. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of twenty years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Leasehold	over the term of the lease
Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Chemilab Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 37 (2024: 29)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	3,491,761

As at 31 March 2025	3,491,761

Amortisation
As at 1 April 2024	2,135,005
Provided during the period	91,404

As at 31 March 2025	2,226,409

Net Book Value
As at 31 March 2025	1,265,352

As at 1 April 2024	1,356,756

5. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 April 2024	1,025,506	734,199	1,759,705
Additions	50,154	50,222	100,376

As at 31 March 2025	1,075,660	784,421	1,860,081

Depreciation
As at 1 April 2024	182,943	588,651	771,594
Provided during the period	27,786	48,943	76,729

As at 31 March 2025	210,729	637,594	848,323

Net Book Value
As at 31 March 2025	864,931	146,827	1,011,758

As at 1 April 2024	842,563	145,548	988,111

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Chemilab Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Materials	253,613	193,785

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	61,483	40,878
Amount due from NHS	315,564	329,569
VAT	144,559	126,685
Directors' loan accounts	14,326	-

	535,932	497,132

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	588,491	574,211
Other creditors	14,201	32,945
Taxation and social security	89,965	76,372

	692,657	683,528

9. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances

	2025	2024
	£	£
Other timing differences	36,707	36,387

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	36,387	36,387
Additions	320	320

Balance at 31 March 2025	36,707	36,707

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Chemilab Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr and Mrs G. Mehta by virtue of their joint ownership of 100% of the issued share capital in the company.

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