REGISTERED NUMBER: 08382332

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Pacific Chem Ltd

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

L J A Ng

SECRETARY:

REGISTERED OFFICE:

78 Village Heights

Gateshead

Tyne and Wear

NE8 1PW

REGISTERED NUMBER:

08382332

TURNOVER

786,521

666,387

Cost of sales

475,717

456,085

GROSS PROFIT

310,804

210,302

Distribution costs

799

1,887

Administrative expenses

273,850

191,427

274,649

193,314

36,155

16,988

Other operating income

8,712

3,957

OPERATING PROFIT and

PROFIT BEFORE TAXATION

44,867

20,945

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

44,867

20,945

FIXED ASSETS

Tangible assets

5

-

799

CURRENT ASSETS

Stocks

28,742

36,521

Debtors

6

15,465

19,135

Cash at bank and in hand

14,495

38,731

58,702

94,387

CREDITORS

Amounts falling due within one year

7

178,627

259,978

NET CURRENT LIABILITIES

(119,925

)

(165,591

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(119,925

)

(164,792

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(120,025

)

(164,892

)

SHAREHOLDERS' FUNDS

(119,925

)

(164,792

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 8 December 2025 and were signed by:

L J A Ng - Director

1.	STATUTORY INFORMATION

Pacific Chem Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

28.2.25

29.2.24

£

£

Depreciation - owned assets

799

1,887

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

21,581

DEPRECIATION

At 1 March 2024

20,782

Charge for year

799

At 28 February 2025

21,581

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

799

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

15,465

19,135

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

-

(1

)

Taxation and social security

5,627

4,180

Other creditors

173,000

255,799

178,627

259,978