REGISTERED NUMBER: 02202917 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Sirchem Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S B Sirpal

Mrs Sonam Sharma

Mrs Rohini Aggarwal

Miss Simran Sirpal

SECRETARY:

Mrs S B Sirpal

REGISTERED OFFICE:

274/276 Ladypool Road

Balsall Heath

Birmingham

B12 8JU

REGISTERED NUMBER:

02202917 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,145,415

713,760

Tangible assets

5

156,852

98,591

Investments

6

1,257,794

1,257,794

2,560,061

2,070,145

CURRENT ASSETS

Stocks

191,299

140,283

Debtors

7

511,473

687,300

Cash at bank and in hand

290,371

218,758

993,143

1,046,341

CREDITORS

Amounts falling due within one year

8

695,806

675,421

NET CURRENT ASSETS

297,337

370,920

TOTAL ASSETS LESS CURRENT LIABILITIES

2,857,398

2,441,065

CREDITORS

Amounts falling due after more than one year

9

(1,060,762

)

(688,532

)

PROVISIONS FOR LIABILITIES

12

(8,347

)

-

NET ASSETS

1,788,289

1,752,533

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

14

1,788,189

1,752,433

SHAREHOLDERS' FUNDS

1,788,289

1,752,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2026 and were signed on its behalf by:

Mrs S B Sirpal - Director

Mrs Rohini Aggarwal - Director

Miss Simran Sirpal - Director

Mrs Sonam Sharma - Director

1.	STATUTORY INFORMATION

Sirchem Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Long leasehold

-

Amortisation over 25 years straight line

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

1,001,344

Additions

475,000

At 31 August 2025

1,476,344

AMORTISATION

At 1 September 2024

287,584

Amortisation for year

43,345

At 31 August 2025

330,929

NET BOOK VALUE

At 31 August 2025

1,145,415

At 31 August 2024

713,760

5.	TANGIBLE FIXED ASSETS

Improvements

Short

Long

to

leasehold

leasehold

property

£

£

£

COST

At 1 September 2024

17,213

212,893

1,752

Additions

-

-

-

At 31 August 2025

17,213

212,893

1,752

DEPRECIATION

At 1 September 2024

7,666

205,803

1,750

Charge for year

538

7,091

-

At 31 August 2025

8,204

212,894

1,750

NET BOOK VALUE

At 31 August 2025

9,009

(1

)

2

At 31 August 2024

9,547

7,090

2

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 September 2024

208,169

82,300

522,327

Additions

6,961

79,342

86,303

At 31 August 2025

215,130

161,642

608,630

DEPRECIATION

At 1 September 2024

171,601

36,916

423,736

Charge for year

5,761

14,652

28,042

At 31 August 2025

177,362

51,568

451,778

NET BOOK VALUE

At 31 August 2025

37,768

110,074

156,852

At 31 August 2024

36,568

45,384

98,591

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.8.25

31.8.24

£

£

Heathway Investment

1,257,794

1,257,794

7.

DEBTORS

31.8.25

31.8.24

£

£

Amounts falling due within one year:

Trade debtors

280,076

373,096

Other debtors

231,397

60,941

511,473

434,037

Amounts falling due after more than one year:

Amounts owed by associates

-

253,263

Aggregate amounts

511,473

687,300

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 10)

30,911

61,788

Trade creditors

536,370

474,670

Taxation and social security

20,492

23,662

Other creditors

108,033

115,301

695,806

675,421

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans (see note 10)

302,775

-

Hire purchase contracts

76,313

12,894

Amounts owed to group undertakings

89,246

94,246

Other creditors

592,428

581,392

1,060,762

688,532

Including Creditors Amounts owed to associates, RSS Wholesaling Ltd of £89,246 (2024 was £94,246).

10.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

30,911

30,225

Lloyds 2079927

-

31,563

30,911

61,788

Amounts falling due between two and five years:

Lloyd LBRL Loan Ac2114

150,525

-

Lloyd Loan Ac57201

152,250

-

302,775

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

302,775

31,563

12.	PROVISIONS FOR LIABILITIES

31.8.25

£

Deferred tax

8,347

Deferred

tax

£

Balance at 1 September 2024

(4,337

)

Charge to Income Statement during year

12,684

Balance at 31 August 2025

8,347

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100,000

Ordinary A,B,C,D,E,F

.001

100

100

14.

RESERVES

Retained

earnings

£

At 1 September 2024

1,752,433

Profit for the year

37,756

Dividends

(2,000

)

At 31 August 2025

1,788,189

15.	RELATED PARTY DISCLOSURES

The company purchased at market value Sirpal Chemist on 01/07/2025; Goodwill £475,000, Stock £35,000, Fixtures and fittings £5,000 and car £3,500.

The amount of £89,246 is owed to RSS Wholesaling Ltd (2024 £94,246).

16.	ULTIMATE CONTROLLING PARTY

The controlling parties have been updated since 31/10/2019 as follows:

25,100 issued share capital A is held by RSS Wholesaling Ltd

33,695 issued share capital B is held by (late) Mr R Sirpal

26,205 issued share capital C is held by Mrs S Sirpal

5,000 issued share capital D is held by Mrs Sonam Sharma (Sirpal)

5,000 issued share capital E is held by Mrs Rohini Aggarwal (Sirpal)

5,000 issued share capital F is held by Miss Simran Sirpal

17.	MOVEMENT EVENTS

Sirpal Chemist was purchased on 01/07/2025.