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REGISTERED NUMBER: 01600031 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CHROMOLYTE LIMITED

CHROMOLYTE LIMITED (REGISTERED NUMBER: 01600031)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Balance Sheet 1

Notes to the Financial Statements 3


CHROMOLYTE LIMITED (REGISTERED NUMBER: 01600031)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 151 151
Investment property 7 930,000 953,900
930,151 954,051

CURRENT ASSETS
Stocks 1,518,084 699,468
Debtors 8 6,582,349 4,866,624
Cash at bank and in hand 18,626 49,903
8,119,059 5,615,995
CREDITORS
Amounts falling due within one year 9 2,057,136 624,566
NET CURRENT ASSETS 6,061,923 4,991,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,992,074

5,945,480

CREDITORS
Amounts falling due after more than one
year

10

(35,000

)

(45,000

)

PROVISIONS FOR LIABILITIES 11 (53,467 ) (6,381 )
NET ASSETS 6,903,607 5,894,099

CAPITAL AND RESERVES
Called up share capital 12 1,530,100 1,530,100
Fair value reserve 432,656 410,139
Retained earnings 4,940,851 3,953,860
SHAREHOLDERS' FUNDS 6,903,607 5,894,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHROMOLYTE LIMITED (REGISTERED NUMBER: 01600031)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 22 August 2022 and were signed by:





Mr A M Zachariah - Director


CHROMOLYTE LIMITED (REGISTERED NUMBER: 01600031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Chromolyte Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01600031

Registered office: Argyle House
8 Leicester Street
Southport
PR9 0HA

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in the statement of comprehensive income.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


CHROMOLYTE LIMITED (REGISTERED NUMBER: 01600031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 4,920 13,865 18,785
DEPRECIATION
At 1 January 2021
and 31 December 2021 4,920 13,865 18,785
NET BOOK VALUE
At 31 December 2021 - - -
At 31 December 2020 - - -

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 151
NET BOOK VALUE
At 31 December 2021 151
At 31 December 2020 151

CHROMOLYTE LIMITED (REGISTERED NUMBER: 01600031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 953,900
Additions 58,215
Disposals (277,650 )
Revaluations 195,535
At 31 December 2021 930,000
NET BOOK VALUE
At 31 December 2021 930,000
At 31 December 2020 953,900

The investment properties are measured at fair value which is the open market value of the properties.

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2022 485,873
Cost 444,127
930,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 20,667 18,940
Other debtors 6,561,682 4,847,684
6,582,349 4,866,624

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 10,000 5,000
Trade creditors 138,750 8,467
Taxation and social security 205,979 44,781
Other creditors 1,702,407 566,318
2,057,136 624,566

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 35,000 45,000

11. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax 53,467 6,381

CHROMOLYTE LIMITED (REGISTERED NUMBER: 01600031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2021 6,381
Movement in the year 47,086
Balance at 31 December 2021 53,467

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
1,530,100 Ordinary 1 1,530,100 1,530,100