Chemroal Ltd - Accounts to registrar (filleted) - small 18.2

Chemroal Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09440873 (England and Wales)










Unaudited Financial Statements for the Year Ended 29 February 2020

for

Chemroal Ltd

Chemroal Ltd (Registered number: 09440873)






Contents of the Financial Statements
for the Year Ended 29 February 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chemroal Ltd

Company Information
for the Year Ended 29 February 2020







DIRECTOR: Ms E Roff





REGISTERED OFFICE: Unit E
209 Manor Road
Erith
Kent
DA8 2AD





REGISTERED NUMBER: 09440873 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

Chemroal Ltd (Registered number: 09440873)

Balance Sheet
29 February 2020

29.2.20 28.2.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,853 67,462

CURRENT ASSETS
Stocks 2,400 2,400
Debtors 5 233,470 176,485
Cash at bank and in hand 188,662 139,004
424,532 317,889
CREDITORS
Amounts falling due within one year 6 384,737 317,573
NET CURRENT ASSETS 39,795 316
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,648

67,778

PROVISIONS FOR LIABILITIES 14,443 12,818
NET ASSETS 121,205 54,960

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 121,204 54,959
121,205 54,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Chemroal Ltd (Registered number: 09440873)

Balance Sheet - continued
29 February 2020


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 director and authorised for issue on 26 February 2021 and were signed by:





Ms E Roff - Director


Chemroal Ltd (Registered number: 09440873)

Notes to the Financial Statements
for the Year Ended 29 February 2020

1. STATUTORY INFORMATION

Chemroal Ltd 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.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - NIL ) .

Chemroal Ltd (Registered number: 09440873)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2019 97,327
Additions 60,880
At 29 February 2020 158,207
DEPRECIATION
At 1 March 2019 29,865
Charge for year 32,489
At 29 February 2020 62,354
NET BOOK VALUE
At 29 February 2020 95,853
At 28 February 2019 67,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Trade debtors 167,531 40,019
Amounts owed by group undertakings 35,632 45,376
Other debtors 30,307 91,090
233,470 176,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Trade creditors 200,856 219,357
Taxation and social security 76,846 45,852
Other creditors 107,035 52,364
384,737 317,573

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed it's director £28,928 (2019 £24). The amount is interest free and repayable on demand.