Registration number: 01948214

Petchem Engineering Services Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Petchem Engineering Services Limited

Company Information

Directors

Mr Paul Clive Leman Mr James Leman Mrs Helga Elizabeth Anne Leman

Registered office

Petchem House, 61 Ringsfield Road Beccles Suffolk NR34 9PE

Accountants

Headspace Accountancy Ltd Chartered AccountantsDeep Well House 2 Yarmouth Road Hales Norfolk NR14 6SP

Petchem Engineering Services Limited

(Registration number: 01948214)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	9,169	334
Investment property	5	560,000	560,000
Other financial assets	6	296	296
		569,465	560,630
Current assets
Debtors	7	555	1,170
Cash at bank and in hand		3,348	16,262
		3,903	17,432
Creditors: Amounts falling due within one year	8	(128,213)	(131,389)
Net current liabilities		(124,310)	(113,957)
Total assets less current liabilities		445,155	446,673
Provisions for liabilities		(69,810)	(67,518)
Net assets		375,345	379,155
Capital and reserves
Called up share capital	9	168	168
Other reserves		375,129	375,129
Retained earnings		48	3,858
Shareholders' funds		375,345	379,155

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 January 2026 and signed on its behalf by:
 

Petchem Engineering Services Limited

(Registration number: 01948214)
Balance Sheet as at 30 April 2025

......................................... Mr Paul Clive Leman Director

Petchem Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Petchem House, 61 Ringsfield Road
Beccles
Suffolk
NR34 9PE

These financial statements were authorised for issue by the Board on 13 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Petchem Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

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.

Petchem Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	5,957	5,957
Additions	11,994	11,994
Disposals	(5,407)	(5,407)
At 30 April 2025	12,544	12,544
Depreciation
At 1 May 2024	5,623	5,623
Charge for the year	3,057	3,057
Eliminated on disposal	(5,305)	(5,305)
At 30 April 2025	3,375	3,375
Carrying amount
At 30 April 2025	9,169	9,169
At 30 April 2024	334	334

5	Investment properties

	2025 £
At 1 May	560,000
At 30 April	560,000

There has been no valuation of investment property by an independent valuer.

Petchem Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 May 2024	296	296
At 30 April 2025	296	296
Impairment
Carrying amount
At 30 April 2025	296	296

7

Debtors

Current	2025 £	2024 £
Trade debtors	555	1,170
	555	1,170

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	332	-
Taxation and social security	1,800	6,063
Accruals and deferred income	1,098	1,080
Other creditors	124,983	124,246
	128,213	131,389

9	Share capital

Allotted, called up and fully paid shares

Petchem Engineering Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	100	100	100	100
Ordinary B of £1 each	10	10	10	10
Ordinary C of £1 each	10	10	10	10
Ordinary C non voting of £1 each	48	48	48	48
	168	168	168	168