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REGISTERED NUMBER: SC714022 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHLORIDE UK LIMTIED

CHLORIDE UK LIMTIED (REGISTERED NUMBER: SC714022)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHLORIDE UK LIMTIED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: G Perol





REGISTERED OFFICE: Unit 1 & 2
Howe Moss drive
Dyce
Aberdeen
AB21 0GL





REGISTERED NUMBER: SC714022 (Scotland)





AUDITORS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

CHLORIDE UK LIMTIED (REGISTERED NUMBER: SC714022)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 680,836 766,836
Tangible assets 5 29,865 21,205
710,701 788,041

CURRENT ASSETS
Stocks 6 226,786 51,311
Debtors 7 1,807,931 2,803,969
Cash at bank 1,689,263 533,828
3,723,980 3,389,108
CREDITORS
Amounts falling due within one year 8 1,979,801 2,663,139
NET CURRENT ASSETS 1,744,179 725,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,454,880

1,514,010

CREDITORS
Amounts falling due after more than one year 9 (953,480 ) (938,037 )

PROVISIONS FOR LIABILITIES 11 (7,466 ) (3,370 )
NET ASSETS 1,493,934 572,603

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 1,343,934 422,603
1,493,934 572,603

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 3 April 2024 and were signed by:





G Perol - Director


CHLORIDE UK LIMTIED (REGISTERED NUMBER: SC714022)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Chloride UK Limtied is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Computer equipment - 25% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 31 ) .

CHLORIDE UK LIMTIED (REGISTERED NUMBER: SC714022)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 860,003
AMORTISATION
At 1 January 2023 93,167
Amortisation for year 86,000
At 31 December 2023 179,167
NET BOOK VALUE
At 31 December 2023 680,836
At 31 December 2022 766,836

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 11,973 15,257 27,230
Additions 1,397 17,490 18,887
At 31 December 2023 13,370 32,747 46,117
DEPRECIATION
At 1 January 2023 3,242 2,783 6,025
Charge for year 3,285 6,942 10,227
At 31 December 2023 6,527 9,725 16,252
NET BOOK VALUE
At 31 December 2023 6,843 23,022 29,865
At 31 December 2022 8,731 12,474 21,205

6. STOCKS
2023 2022
£    £   
Stocks 226,786 51,311

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,702,471 2,695,067
Amounts owed by group undertakings 70,000 -
Other debtors - 2,400
Prepayments and accrued income 35,460 106,502
1,807,931 2,803,969

CHLORIDE UK LIMTIED (REGISTERED NUMBER: SC714022)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 284,195 274,171
Amounts owed to group undertakings 4,739 1,332,267
Tax 332,079 134,976
Social security and other taxes 63,737 54,595
VAT 298,224 254,657
Other creditors 16,726 13,996
Accruals and deferred income 980,101 598,477
1,979,801 2,663,139

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group
undertakings 953,480 938,037
953,480 938,037

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 114,883 70,105
Between one and five years 124,839 118,970
239,722 189,075

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,466 3,370

Deferred
tax
£   
Balance at 1 January 2023 3,370
Provided during year 4,096
Balance at 31 December 2023 7,466

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven McKenzie (Senior Statutory Auditor)
for and on behalf of Acumen Accountants and Advisors Limited