Company registration number: 02005633
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
Safechem Limited
Pages for filing with the Registrar
Company registration number: 02005633
Safechem Limited
Balance sheet
as at 31 January 2026
31 Jan 26 31 Jan 25
Note £ £ £ £
Fixed assets
Tangible assets 4 839,697 714,557
839,697 714,557
Current assets
Stocks 840,629 896,038
Debtors 5 632,553 659,694
Cash at bank and in hand 3,214,573 3,110,979
4,687,755 4,666,711
Creditors: amounts falling due within one
year 		6 (762,581) (968,245)
Net current assets 3,925,174 3,698,466
Total assets less current liabilities 4,764,871 4,413,023
NET ASSETS 4,764,871 4,413,023
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 4,763,871 4,412,023
TOTAL EQUITY 4,764,871 4,413,023
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 02005633
Safechem Limited
Balance sheet - continued
as at 31 January 2026
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr N Bruce, Director
11 June 2026
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Safechem Limited
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
Safechem Limited is a private company registered in England and Wales. Its registered number is 02005633. The company is limited by shares. Its registered office is Safechem Ltd, Drum House, Chester le Street, County Durham, DH2 1SR.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 2% straight line
Long leasehold property -
Plant and machinery etc.:
Plant & Machinery - 25% reducing balance
Motor Vehicles - 25% 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.
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Safechem Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
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During the year the average number of employees was 19 (2025 - 16).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 February 2025 757,705 743,054 1,500,759
Additions - 311,849 311,849
Disposals - (238,365) (238,365)
At 31 January 2026 757,705 816,538 1,574,243
Depreciation
At 1 February 2025 271,545 514,657 786,202
Charge for year 10,591 121,377 131,968
Eliminated on disposal - (183,624) (183,624)
At 31 January 2026 282,136 452,410 734,546
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Safechem Limited
Notes to the financial statements - continued
for the year ended 31 January 2026
4 Tangible fixed assets - continued
Net book value
At 31 January 2026 475,569 364,128 839,697
At 31 January 2025 486,160 228,397 714,557
5 Debtors
31 Jan 26 31 Jan 25
£ £
Trade debtors 639,124 657,896
Prepayments and accrued income (6,571) 1,798
632,553 659,694
6 Creditors: amounts falling due within one year
31 Jan 26 31 Jan 25
£ £
Hire purchase and finance leases - 914
Trade creditors 266,790 324,176
Other creditors 285,538 342,156
Taxation 128,934 197,822
VAT payable 53,412 46,984
Accruals and deferred income 27,907 56,193
762,581 968,245
7 Related party transactions
The Company is related by Common directorships to Fluid Technology Generation Limited (FTG). During the year Safechem Limited sold goods and services to Ftg to the value of £165951 (2025 £148958) and purchased goods from FTG to the value of £1188212 (2025 1217628). As at 31 January Safechem owed FTG £285537 (2025 342156) and Ftg owed Safechem £30886 (2025 £37742) All transactions were at market value.
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