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Registration number: 08088650

Worcestershire Chemicals Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Worcestershire Chemicals Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 11

Worcestershire Chemicals Limited

Registration number: 08088650
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 6,631 | 3,137
Tangible assets | 5 | 33,016 | 13,967
|  | 39,647 | 17,104
Current assets |  |  |
Stocks | 6 | 70,000 | 50,000
Debtors | 7 | 225,764 | 244,180
Cash at bank and in hand |  | 51,002 | 51,808
|  | 346,766 | 345,988
Creditors: Amounts falling due within one year | 8 | (218,656) | (216,022)
Net current assets |  | 128,110 | 129,966
Total assets less current liabilities |  | 167,757 | 147,070
Provisions for liabilities |  | (3,744) | -
Net assets |  | 164,013 | 147,070
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 163,913 | 146,970
Shareholders' funds |  | 164,013 | 147,070

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

Worcestershire Chemicals Limited

Registration number: 08088650
Balance Sheet as at 31 May 2025 (continued)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 February 2026

G Hackett Director

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

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

The address of its registered office is:
Unit 6 Oakdale Trading Estate
Ham Lane
Kingswinford
West Midlands
DY6 7JH
England

These financial statements were authorised for issue by the director on 17 February 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

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.

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
Plant and Machinery | 25% on reducing balance
Fixtures and Fittings | 25% on reducing balance
Motor Vehicles | 25% on reducing balance

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Other intangible assets | Over the estimated useful life of 10 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2024 - 9).

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 June 2024 | 4,481 | 4,481
Additions internally developed | 4,380 | 4,380
At 31 May 2025 | 8,861 | 8,861
Amortisation
At 1 June 2024 | 1,344 | 1,344
Amortisation charge | 886 | 886
At 31 May 2025 | 2,230 | 2,230
Carrying amount
At 31 May 2025 | 6,631 | 6,631
At 31 May 2024 | 3,137 | 3,137

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other property, plant and equipment £ | Total £
Cost or valuation
At 1 June 2024 | 6,812 | 3,100 | 20,460 | 30,372
Additions | - | - | 30,058 | 30,058
At 31 May 2025 | 6,812 | 3,100 | 50,518 | 60,430
Depreciation
At 1 June 2024 | 3,938 | 2,364 | 10,103 | 16,405
Charge for the year | 719 | 184 | 10,106 | 11,009
At 31 May 2025 | 4,657 | 2,548 | 20,209 | 27,414
Carrying amount
At 31 May 2025 | 2,155 | 552 | 30,309 | 33,016
At 31 May 2024 | 2,874 | 736 | 10,357 | 13,967

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 70,000 | 50,000

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 192,473 | 178,702
Prepayments | 17,400 | 11,668
Other debtors | 15,891 | 53,810
| 225,764 | 244,180

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 10 | - | 1,175
Trade creditors |  | 153,859 | 156,659
Director's Loan |  | 6 | -
Taxation and social security |  | 54,152 | 33,259
Other creditors |  | 10,639 | 24,929
|  | 218,656 | 216,022

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

10 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
HP and finance lease liabilities | - | 1,175

Worcestershire Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £26,999 (2024 - £8,325).