Eagle_Chemical_Distribution_Ltd_30_Apr_2025_companies_house_set_of

Eagle Chemical Distribution Ltd

Statement of Financial Position

30 April 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	494		125
Current assets
Stocks		171,727		131,411
Debtors	6	241,789		228,203
Cash at bank and in hand		105,352		167,888
		518,868		527,502
Creditors: amounts falling due within one year	7	(143,167	)	(225,726	)
Net current assets		375,701		301,776
Total assets less current liabilities		376,195		301,901
Provisions for liabilities		(131	)	-
Net assets		376,064		301,901
Capital and reserves
Called up share capital		100		100
Profit and loss account		375,964		301,801
Shareholders funds		376,064		301,901

For the 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 financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

financial statements

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

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

13 January 2026

, and are signed on behalf of the board by:

Mr A G Clift

Director

Company registration number:

08410439

Eagle Chemical Distribution Ltd

Notes to the Financial Statements

Year ended

30 April 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

21 Iona Drive

Humberston

Grimsby

North East Lincolnshire

DN36 4XU

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	25% straight line
Office equipment	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024: nil).

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 May 2024	249
Additions	574
At 30 April 2025	823
Depreciation
At 1 May 2024	124
Charge	205
At 30 April 2025	329
Carrying amount
At 30 April 2025	494
At 30 April 2024	125

6 Debtors

	2025	2024
	£	£
Trade debtors	235,488	223,679
Other debtors	6,301	4,524
	241,789	228,203

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,679	59,434
Taxation and social security	22,257	15,893
Other creditors	118,231	150,399
	143,167	225,726