Chemquip Limited - Accounts

Chemquip Limited - Accounts

CHEMQUIP LIMITED - Company Information

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Chemquip Limited 01508281 28120 - Manufacture of fluid power equipment false 1 January 2022 01508281 2022-01-01 2022-12-31 01508281 2021-12-31 01508281 2022-12-31 01508281 2021-01-01 2021-12-31 01508281 2020-12-31 01508281 2021-12-31 01508281 frs102-bus:FRS102 2022-01-01 2022-12-31 01508281 frs102-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 01508281 frs102-bus:FullAccounts 2022-01-01 2022-12-31 01508281 frs102-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 01508281 frs102-core:CurrentFinancialInstruments 2022-12-31 01508281 frs102-core:CurrentFinancialInstruments 2021-12-31 01508281 frs102-core:ShareCapital 2022-12-31 01508281 frs102-core:ShareCapital 2021-12-31 01508281 frs102-core:RetainedEarningsAccumulatedLosses 2022-12-31 01508281 frs102-core:RetainedEarningsAccumulatedLosses 2021-12-31 01508281 frs102-bus:Director1 2022-01-01 2022-12-31 01508281 frs102-core:FurnitureFittings 2022-01-01 2022-12-31 01508281 frs102-core:LandBuildings 2022-01-01 2022-12-31 01508281 frs102-core:Vehicles 2022-01-01 2022-12-31 01508281 frs102-core:PlantMachinery 2022-01-01 2022-12-31 01508281 frs102-core:FurnitureFittings 2021-12-31 01508281 frs102-core:LandBuildings 2021-12-31 01508281 frs102-core:Vehicles 2021-12-31 01508281 frs102-core:PlantMachinery 2021-12-31 01508281 frs102-core:FurnitureFittings 2022-12-31 01508281 frs102-core:LandBuildings 2022-12-31 01508281 frs102-core:Vehicles 2022-12-31 01508281 frs102-core:PlantMachinery 2022-12-31 01508281 frs102-core:FurnitureFittings 2021-12-31 01508281 frs102-core:LandBuildings 2021-12-31 01508281 frs102-core:Vehicles 2021-12-31 01508281 frs102-core:PlantMachinery 2021-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
01508281
Chemquip Limited
Unaudited Accounts
for the year ended
31 December 2022
Chemquip Limited
Balance Sheet
as at 31 December 2022
Notes
 2022
£		 2021
£
Fixed assets
Tangible assets 3 236,617 256,670
236,617 256,670
Current assets
Stocks 238,501 342,518
Debtors 731,951 682,671
Cash at bank and in hand 0 11,859
970,452 1,037,048
Creditors: amounts falling due within one year 4 (155,260) (228,173)
Net current assets / (liabilities) 815,192 808,875
Total assets less current liabilities 1,051,809 1,065,545
Provisions for liabilities (0) (0)
Total net assets (liabilities) 1,051,809 1,065,545
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,051,709 1,065,445
Shareholders' funds 1,051,809 1,065,545

Chemquip Limited
Balance Sheet
as at 31 December 2022



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 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.

Signed on behalf of the board of directors

...............................

D Cunningham

Director


Approved by the board on 29 September 2023

Company Number: 01508281 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Torr Vale Mill Torr Vale Road
New Mills
High Peak
Derbyshire
SK22 3HS

Chemquip Limited
Notes to the Accounts
for the year ended 31 December 2022

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Fixtures & Fittings 40% Reducing Balance
Land & buildings 2% Straight Line
Vehicles 40% Reducing Balance
Plant & machinery 20% Reducing Balance
2. Employees
2022 2021
Average number of employees during the period 2 2

3. Tangible fixed assets
Fixtures & Fittings Land & buildings Vehicles Plant & machinery Total
Cost or valuation £ £ £ £ £
At 1 January 2022 100,283 269,579 4,495 165,402 539,759
Additions 629 0 0 0 629
At 31 December 2022 100,912 269,579 4,495 165,402 540,388
Depreciation
At 1 January 2022 85,612 73,431 4,494 119,552 283,089
Charge for the period 6,120 5,392 0 9,170 20,682
At 31 December 2022 91,732 78,823 4,494 128,722 303,771
Net book value
At 31 December 2022 9,180 190,756 1 36,680 236,617
At 31 December 2021 14,671 196,148 1 45,850 256,670

4. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 69,201 82,254
Amounts due to group undertakings 6,695 52,110
Taxation & social security 21,505 2,236
Other creditors 57,859 91,573
155,260 228,173