Norma Chemicals Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00444123 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Norma Chemicals Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Tate

Mrs M J Tate

R Warriner

SECRETARY:

Mrs M J Tate

REGISTERED OFFICE:

Jubilee House

3 The Drive

Great Warley

Brentwood

Essex

CM13 3FR

BUSINESS ADDRESS:

New Abbey Court

51-53 Stert Street

Abingdon

Oxfordshire

OX14 3JF

REGISTERED NUMBER:

00444123 (England and Wales)

ACCOUNTANTS:

Neville & Stocker

Jubilee House

3 The Drive

Great Warley

Brentwood

Essex

CM13 3FR

FIXED ASSETS

Investments

4

362

421

CURRENT ASSETS

Debtors

45,529

-

Cash at bank

11,017

74,060

56,546

74,060

CREDITORS

Amounts falling due within one year

682

21,262

NET CURRENT ASSETS

55,864

52,798

TOTAL ASSETS LESS CURRENT LIABILITIES

56,226

53,219

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

55,226

52,219

SHAREHOLDERS' FUNDS

56,226

53,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 September 2018 and were signed on its behalf by:

S Tate - Director

1.	STATUTORY INFORMATION

Norma Chemicals Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2017

and 31 December 2017

9,237

PROVISIONS

At 1 January 2017

8,816

Charge for year

59

At 31 December 2017

8,875

NET BOOK VALUE

At 31 December 2017

362

At 31 December 2016

421

5.	RELATED PARTY DISCLOSURES

During the year Norma Chemicals Limited made purchases of £258,112 (period ended 31 December 2016:

£167,583) from Wallace Manufacturing Chemists Limited.

Wallace Manufacturing Chemists Limited recharged a proportion of its expenses during the year amounting to

£24,066 (period ended 31 December 2016: £12,221).

At the year end Norma Chemicals Limited was owed £45,529 (2016: £19,452 owed to) by Wallace

Manufacturing Chemists Limited.

The ultimate parent company of Wallace Manufacturing Chemists Limited is Alinter Limited which is controlled

by Mrs M J Tate. Mrs M J Tate is a director of all three companies.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M J Tate.