DURACHEM LTD

DURACHEM LTD

DURACHEM LTD - Company Information

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1 May 2021 false No description of principal activity Taxfiler 2022.11.1 06577514business:PrivateLimitedCompanyLtd2021-05-012022-04-30 065775142021-04-30 065775142021-05-012022-04-30 06577514business:AuditExemptWithAccountantsReport2021-05-012022-04-30 06577514business:FullAccounts2021-05-012022-04-30 065775142022-04-30 06577514business:Director12021-05-012022-04-30 06577514business:Director22021-05-012022-04-30 06577514business:Director32021-05-012022-04-30 06577514business:RegisteredOffice2021-05-012022-04-30 065775142021-04-30 06577514core:WithinOneYear2022-04-30 06577514core:WithinOneYear2021-04-30 06577514core:ShareCapital2022-04-30 06577514core:ShareCapital2021-04-30 06577514core:RetainedEarningsAccumulatedLosses2022-04-30 06577514core:RetainedEarningsAccumulatedLosses2021-04-30 06577514business:SmallEntities2021-05-012022-04-30 06577514countries:EnglandWales2021-05-012022-04-30 06577514core:LandBuildings2021-05-012022-04-30 06577514core:FurnitureFittings2021-05-012022-04-30 06577514core:Goodwill2021-04-30 06577514core:Goodwill2022-04-30 06577514core:Goodwill2021-05-012022-04-30 06577514core:LandBuildings2021-04-30 06577514core:FurnitureFittings2021-04-30 06577514core:LandBuildings2022-04-30 06577514core:FurnitureFittings2022-04-30 06577514core:AdditionsToInvestments2022-04-30 06577514core:DisposalsRepaymentsInvestments2022-04-30 06577514core:BetweenOneFiveYears2022-04-30 06577514core:BetweenOneFiveYears2021-04-30 065775142020-05-012021-04-30 iso4217:GBP xbrli:pure
Company Registration No. 06577514 (England and Wales)
DURACHEM LTD Unaudited accounts for the year ended 30 April 2022
DURACHEM LTD Unaudited accounts Contents
Page
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DURACHEM LTD Company Information for the year ended 30 April 2022
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
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DURACHEM LTD Statement of financial position as at 30 April 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
109,408 
145,878 
Tangible assets
5
5,479 
873 
Investments
6
250,000 
345,000 
364,887 
491,751 
Current assets
Inventories
44,166 
44,418 
Debtors
7
103,211 
117,605 
Cash at bank and in hand
130,371 
289,010 
277,748 
451,033 
Creditors: amounts falling due within one year
8
(129,623)
(184,809)
Net current assets
148,125 
266,224 
Total assets less current liabilities
513,012 
757,975 
Provisions for liabilities
Deferred tax
(1,384)
- 
Net assets
511,628 
757,975 
Capital and reserves
Called up share capital
280,000 
280,000 
Profit and loss account
231,628 
477,975 
Shareholders' funds
511,628 
757,975 
For the year ending 30 April 2022 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 12 January 2023 and were signed on its behalf by
Venichand Ranmal Harania Director Company Registration No. 06577514
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DURACHEM LTD Notes to the Accounts for the year ended 30 April 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2021
527,273 
At 30 April 2022
527,273 
Amortisation
At 1 May 2021
381,395 
Charge for the year
36,470 
At 30 April 2022
417,865 
Net book value
At 30 April 2022
109,408 
At 30 April 2021
145,878 
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DURACHEM LTD Notes to the Accounts for the year ended 30 April 2022
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2021
5,391 
53,268 
58,659 
Additions
- 
6,530 
6,530 
At 30 April 2022
5,391 
59,798 
65,189 
Depreciation
At 1 May 2021
5,391 
52,395 
57,786 
Charge for the year
- 
1,924 
1,924 
At 30 April 2022
5,391 
54,319 
59,710 
Net book value
At 30 April 2022
- 
5,479 
5,479 
At 30 April 2021
- 
873 
873 
6
Investments
Other investments 
£ 
Valuation at 1 May 2021
345,000 
Additions
300,000 
Disposals
(395,000)
Valuation at 30 April 2022
250,000 
Investments include £395,000 made to NR Capricornus LLP. On 11 October 2021, NR Capricornus LLP went into administration. The administrator confirmed that Investment by Durachem Limited of £395,000 are unsecured and no longer recoverable, hence it has been written off.
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
10,092 
8,712 
Trade debtors
86,252 
68,437 
Accrued income and prepayments
6,090 
40,019 
Other debtors
777 
437 
103,211 
117,605 
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
129,133 
114,656 
Taxes and social security
35 
41,067 
Other creditors
- 
28,693 
Accruals
455 
393 
129,623 
184,809 
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DURACHEM LTD Notes to the Accounts for the year ended 30 April 2022
9
Operating lease commitments
2022 
2021 
£ 
£ 
At 30 April 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,500 
5,500 
Later than one year and not later than five years
1,500 
7,000 
7,000 
12,500 
10
Average number of employees
During the year the average number of employees was 7 (2021: 7).
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