Primachem Limited - Limited company - abbreviated - 11.6

Primachem Limited - Limited company - abbreviated - 11.6

PRIMACHEM LIMITED - Company Information

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04611327 Mr J Leah Mrs J E Leah Mr M Leah 1.7.13 31.5.14 31.5.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure046113272013-06-30046113272014-05-31046113272013-07-012014-05-31046113272012-06-30046113272012-07-012013-06-30046113272013-06-3004611327ns14:PoundSterling2013-07-012014-05-3104611327ns7:Director12013-07-012014-05-3104611327ns7:Director22013-07-012014-05-3104611327ns7:Director32013-07-012014-05-3104611327ns7:OrdinaryShareClass12013-07-012014-05-3104611327ns7:CompanySecretary2013-07-012014-05-3104611327ns7:RegisteredOffice2013-07-012014-05-3104611327ns7:EntityAccountantsOrAuditors2013-07-012014-05-3104611327ns7:EntityBankers2013-07-012014-05-3104611327ns5:FixturesFittings2013-07-012014-05-3104611327ns5:FixedAssetInvestmentsOtherThanLoans2014-05-3104611327ns5:FixedAssetInvestmentsOtherThanLoans2013-06-3004611327ns7:OrdinaryShareClass12014-05-3104611327ns7:OrdinaryShareClass12013-06-30
REGISTERED NUMBER: 04611327





PRIMACHEM LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 JULY 2013 TO 31 MAY 2014






PRIMACHEM LIMITED (REGISTERED NUMBER: 04611327)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 JULY 2013 TO 31 MAY 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PRIMACHEM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2013 TO 31 MAY 2014







DIRECTORS: Mr J Leah
Mrs J E Leah
Mr M Leah



SECRETARY: Mr J Leah



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 04611327



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: Nat West
69 Bridge Street
Worksop
Nottinghamshire
S80 4JE
Page 1
PRIMACHEM LIMITED (REGISTERED NUMBER: 04611327)

ABBREVIATED BALANCE SHEET
31 MAY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 97,244 97,580
Investments 4 245 245
97,489 97,825

CURRENT ASSETS
Stocks 127,361 65,475
Debtors 125,045 123,064
Cash at bank and in hand 505,947 589,366
758,353 777,905
CREDITORS
Amounts falling due within one year 358,169 353,605
NET CURRENT ASSETS 400,184 424,300
TOTAL ASSETS LESS CURRENT
LIABILITIES
497,673
522,125

PROVISIONS FOR LIABILITIES 261 303
NET ASSETS 497,412 521,822

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and loss account 496,412 520,822
SHAREHOLDERS' FUNDS 497,412 521,822

The notes form part of these abbreviated accounts

Page 2
PRIMACHEM LIMITED (REGISTERED NUMBER: 04611327)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2014


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 20 February 2015 and were signed on its behalf
by:




Mr J Leah - Director Mrs J E Leah - Director




Mr M Leah - Director


The notes form part of these abbreviated accounts

Page 3
PRIMACHEM LIMITED (REGISTERED NUMBER: 04611327)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 JULY 2013 TO 31 MAY 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the value excluding Value Added Tax of goods and services provided to customers during
the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as
the right to receive consideration has been acquired.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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

Fixtures and fittings - 15% 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.

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

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 the profit and loss account in the period to which they relate.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets
of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar
debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented
as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the
profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the
outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability
then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are
debited direct to equity.

Page 4
PRIMACHEM LIMITED (REGISTERED NUMBER: 04611327)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 JULY 2013 TO 31 MAY 2014


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013
and 31 May 2014 152,495
AMORTISATION
At 1 July 2013
and 31 May 2014 152,495
NET BOOK VALUE

At 31 May 2014 -
At 30 June 2013 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013
and 31 May 2014 101,769
DEPRECIATION
At 1 July 2013 4,189
Charge for period 336
At 31 May 2014 4,525
NET BOOK VALUE
At 31 May 2014 97,244
At 30 June 2013 97,580

Page 5
PRIMACHEM LIMITED (REGISTERED NUMBER: 04611327)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 JULY 2013 TO 31 MAY 2014


4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 July 2013
and 31 May 2014 245
NET BOOK VALUE
At 31 May 2014 245
At 30 June 2013 245

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 6