Chemisphere Limited Filleted accounts for Companies House (small and micro)
Chemisphere Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
01466084
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FINANCIAL STATEMENTS |
YEAR ENDED 31 OCTOBER 2021
Contents |
Page |
Director's responsibilities statement
1
Balance sheet
2
Notes to the financial statements
3
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DIRECTOR'S RESPONSIBILITIES STATEMENT |
YEAR ENDED 31 OCTOBER 2021
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BALANCE SHEET |
2021 |
2020 |
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Note |
£ |
£ |
Fixed assets
Investments |
6 |
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– |
Current assets
Stocks |
7 |
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Debtors |
8 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
9 |
(
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(
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
10 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 February 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
01466084
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 OCTOBER 2021
1.
General information
The company is a private company limited by shares, company number
01466084
, registered in England and Wales. The address of the registered office is Sutton House, Capenhurst Technology Park, Capenhurst, Cheshire, CH1 6EH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Judgements and key sources of estimation uncertainty
Revenue recognition
Taxation
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
- |
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Computer Equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
Stocks
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2020:
5
).
5.
Tangible assets
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 2020 and 31 October 2021 |
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Depreciation |
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At 1 November 2020 and 31 October 2021 |
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Carrying amount |
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At 31 October 2021 |
– |
– |
– |
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At 31 October 2020 |
– |
– |
– |
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6.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 November 2020 |
– |
Additions |
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At 31 October 2021 |
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Impairment |
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At 1 November 2020 and 31 October 2021 |
– |
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Carrying amount |
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At 31 October 2021 |
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At 31 October 2020 |
– |
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During the year the company acquired 100% of the issued share capital of Chemisphere Europe BV, being 1,000 shares of €1 each at a cost of £912. This company is incorporated in the Netherlands and is involved in the sale and distribution of chemicals.
7.
Stocks
2021 |
2020 |
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£ |
£ |
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Finished goods and goods for resale |
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8.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Funds available under invoicing purchasing arrangements |
– |
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The debtors above include the following amounts falling due after more than one year:
2021 |
2020 |
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£ |
£ |
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Prepayments and accrued income |
– |
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9.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Invoice discounting facility (secured) |
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– |
Other creditors |
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10.
Called up share capital
Issued, called up and fully paid
2021 |
2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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11.
Summary audit opinion
The senior statutory auditor was
David Butterworth
, for and on behalf of
Wheawill & Sudworth Limited
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12.
Related party transactions
13.
Company control
The company was under the control of the Lloyd-Watts family throughout the current and previous year by reason of their shareholdings.