Aaron Chemicals Limited - Filleted accounts

Registered number

02677024

Aaron Chemicals Limited

Filleted Accounts

31 December 2024

Aaron Chemicals Limited
Registered number:		02677024
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		228			311
			228			311

Current assets
Stocks		6,990			10,145
Debtors	4	2,141			4,770
Cash at bank and in hand		17,849			14,720
		26,980			29,635

Creditors: amounts falling due within one year	5	(21,052)			(26,048)

Net current assets			5,928			3,587

Total assets less current liabilities			6,156			3,898


Net assets			6,156			3,898

Capital and reserves
Called up share capital			6,250			6,250
Profit and loss account			(94)			(2,352)

Shareholders' funds			6,156			3,898

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




JL Harvey
Director
Approved by the board on 3 September 2025

Aaron Chemicals Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			2		2

3	Tangible fixed assets
		Plant and machinery etc				Total
£			£
	Cost
	At 1 January 2024	16,717				16,717
	Additions	-				-
	Disposals	-				-
	At 31 December 2024	16,717				16,717

	Depreciation
	At 1 January 2024	16,406				16,406
	Charge for the year	83				83
	On disposals	-				-
	At 31 December 2024	16,489				16,489

	Net book value
	At 31 December 2024	228				228
	At 31 December 2023	311				311


4	Debtors			2024		2023
£					£

	Trade debtors			1,771		4,382
	Other debtors			370		388
				2,141		4,770

5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			8,283		5,516
	Other creditors			12,769		20,532
				21,052		26,048

6	Related party transactions
	As at 31 December 2023, the companey owed the Director J L Harvey £2,177 (2023 £1,842)
	which is included in Creditors.

7	Controlling party
	The company remains under the control of its director and sole shareholder, J L Harvey.



8	Other information

	Aaron Chemicals Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5
	Quarry Farm Business Park
	Bodiam
	East Sussex
	TN32 8RA