Hazchem Engineering (U.k.) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03037540 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

HAZCHEM ENGINEERING (U.K.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Rey

REGISTERED OFFICE:

Jackson House

Station Rd

Chingford

London

E4 7BU

BUSINESS ADDRESS:

35 Meadow Road

Rettendon Common

Chelmsford

Essex

CM3 8DU

REGISTERED NUMBER:

03037540 (England and Wales)

ACCOUNTANTS:

Barrow LLP

Chartered Accountants

Jackson House

Station Road

Chingford

London

E4 7BU

FIXED ASSETS

Tangible assets

5

20,513

28,208

CURRENT ASSETS

Debtors

6

55,251

71,973

Cash at bank

18,056

18,306

73,307

90,279

CREDITORS

Amounts falling due within one year

7

32,743

56,771

NET CURRENT ASSETS

40,564

33,508

TOTAL ASSETS LESS CURRENT LIABILITIES

61,077

61,716

CREDITORS

Amounts falling due after more than one year

8

(9,467

)

(13,667

)

PROVISIONS FOR LIABILITIES

(3,897

)

(5,360

)

NET ASSETS

47,713

42,689

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

47,711

42,687

SHAREHOLDERS' FUNDS

47,713

42,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director on 10 October 2019 and were signed by:

J E Rey - Director

1.	STATUTORY INFORMATION

Hazchem Engineering (U.k.) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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.

Office equipment

-

10% on cost

Motor vehicles

-

25% on cost

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the

contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement

constitutes, in effect, a financing transaction, where it is recognised at the present value of the future

payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred

beyond normal business terms or financed at a rate of interest that is not a market rate, in which case

the asset is measured at the present value of the future payments discounted at a market rate of

interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are

reviewed for objective evidence of impairment at the end of each reporting date. If there is objective

evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal

does not result in a carrying amount of the financial asset that exceeds what the carrying amount would

have been had the impairment not previously been recognised.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

32,156

DEPRECIATION

At 1 July 2018

3,948

Charge for year

7,695

At 30 June 2019

11,643

NET BOOK VALUE

At 30 June 2019

20,513

At 30 June 2018

28,208

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

29,990

DEPRECIATION

At 1 July 2018

3,656

Charge for year

7,498

At 30 June 2019

11,154

NET BOOK VALUE

At 30 June 2019

18,836

At 30 June 2018

26,334

6.

DEBTORS

30.6.19

30.6.18

£

£

Amounts falling due within one year:

Trade debtors

25,182

35,964

Other debtors

30,069

33,499

55,251

69,463

30.6.19

30.6.18

£

£

Amounts falling due after more than one year:

Other debtors

-

2,510

Aggregate amounts

55,251

71,973

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Hire purchase contracts

3,665

3,130

Trade creditors

5,233

20,272

Taxation and social security

16,328

26,314

Other creditors

7,517

7,055

32,743

56,771

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

£

£

Hire purchase contracts

9,467

13,667

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.19

30.6.18

£

£

Hire purchase contracts

13,132

16,797

The hire purchase contract is secured on the asset to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.19

30.6.18

value:

£

£

2

Ordinary Shares

1

2

2

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2019 and

30 June 2018:

30.6.19

30.6.18

£

£

J E Rey

Balance outstanding at start of year

6,856

7,725

Amounts repaid

(6,856

)

(869

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,856

The loan to the director has been made on an interest free basis.