DIRECT CHEMICALS LTD

DIRECT CHEMICALS LTD

DIRECT CHEMICALS LTD - Company Information

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DIRECT CHEMICALS LTD

Company Registration Number:
08364601 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

DIRECT CHEMICALS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

DIRECT CHEMICALS LTD

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 65,881 86,860
Total fixed assets: 65,881 86,860
Current assets
Stocks: 179,540 134,332
Debtors:   228,196 310,830
Cash at bank and in hand: 209,752 52,835
Total current assets: 617,488 497,997
Creditors: amounts falling due within one year: 4 (408,584) (309,021)
Net current assets (liabilities): 208,904 188,976
Total assets less current liabilities: 274,785 275,836
Creditors: amounts falling due after more than one year: 5 (49,413) (68,784)
Provision for liabilities: (15,482) (16,503)
Total net assets (liabilities): 209,890 190,549
Capital and reserves
Called up share capital: 296 296
Share premium account: 90,000 90,000
Other reserves: 4 4
Profit and loss account: 119,590 100,249
Shareholders funds: 209,890 190,549

The notes form part of these financial statements

DIRECT CHEMICALS LTD

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 July 2022
and signed on behalf of the board by:

Name: Mr R Wells
Status: Director

The notes form part of these financial statements

DIRECT CHEMICALS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DIRECT CHEMICALS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 7 7

DIRECT CHEMICALS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 161,745
Additions 1,000
At 31 March 2022 162,745
Depreciation
At 01 April 2021 74,885
Charge for year 21,979
At 31 March 2022 96,864
Net book value
At 31 March 2022 65,881
At 31 March 2021 86,860

DIRECT CHEMICALS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £9,622(2021 - £9,622).

DIRECT CHEMICALS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due after more than one year note

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £25,830(2021 - £35,451).

DIRECT CHEMICALS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Related party transactions

Name of the related party: Norsekem Limited
Relationship:
Joint control company
Description of the Transaction: Sale of products and services in the year £8,094 (2021 £2,316)
£
Balance at 01 April 2021 3,091
Balance at 31 March 2022 998
Name of the related party: Norsekem Limited
Relationship:
Joint control company
Description of the Transaction: Purchase of products and services in the year £52,744 (2021 £78,102)
£
Balance at 01 April 2021 14,397
Balance at 31 March 2022 11,748