Company Registration No. 06577514 (England and Wales)
DURACHEM LTD
Unaudited accounts
for the year ended 30 April 2020
DURACHEM LTD
Unaudited accounts
Contents
DURACHEM LTD
Company Information
for the year ended 30 April 2020
Directors
Venichand Ranmal Harania
Asvin Vrajpal Shah
Kirit Vrajpar Shah
Company Number
06577514 (England and Wales)
Registered Office
550 UXBRIDGE ROAD
PINNER
MIDDLESEX
HA5 3LX
Accountants
Bhavin Patel & Co Limited
1 Cromwell Road
Borehamwood
Hertfordshire
WD6 4LW
DURACHEM LTD
Statement of financial position
as at 30 April 2020
Intangible assets
182,348
218,818
Cash at bank and in hand
99,236
291,597
Creditors: amounts falling due within one year
(146,134)
(114,240)
Net current assets
329,774
355,143
Net assets
682,609
574,215
Called up share capital
280,000
280,000
Profit and loss account
402,609
294,215
Shareholders' funds
682,609
574,215
For the year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2021 and were signed on its behalf by
Venichand Ranmal Harania
Director
Company Registration No. 06577514
DURACHEM LTD
Notes to the Accounts
for the year ended 30 April 2020
DURACHEM LTD is a private company, limited by shares, registered in England and Wales, registration number 06577514. The registered office is 550 UXBRIDGE ROAD, PINNER, MIDDLESEX, HA5 3LX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over period of lease
Fixtures & fittings
25% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
36,470
DURACHEM LTD
Notes to the Accounts
for the year ended 30 April 2020
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2019
5,391
51,887
57,278
At 30 April 2020
5,391
52,537
57,928
At 1 May 2019
5,137
51,887
57,024
Charge for the year
254
163
417
At 30 April 2020
5,391
52,050
57,441
At 30 April 2020
-
487
487
At 30 April 2019
254
-
254
6
Investments
Other investments
Valuation at 30 April 2020
170,000
Finished goods
44,595
37,163
Trade debtors
132,508
121,024
Accrued income and prepayments
4,928
4,735
Other debtors
194,641
14,864
9
Creditors: amounts falling due within one year
2020
2019
Trade creditors
114,687
92,307
Taxes and social security
28,292
19,988
Loans from directors
2,745
2,745
DURACHEM LTD
Notes to the Accounts
for the year ended 30 April 2020
10
Creditors: amounts falling due after more than one year
2020
2019
There is a debenture dated 19 Mar 2009 between company, AAH Pharmaceuticals Ltd and Barclays Pharmaceuticals Ltd.
11
Operating lease commitments
2020
2019
At 30 April 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
5,500
5,375
Within two to five years
12,500
18,000
12
Transactions with related parties
At the end of the year, company owned £2,745 to the directors. There is no interest charge by the director for the loan to the company.
13
Average number of employees
During the year the average number of employees was 7 (2019: 6).
