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REGISTERED NUMBER: SC714022 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHLORIDE UK LIMITED

CHLORIDE UK LIMITED (REGISTERED NUMBER: SC714022)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHLORIDE UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: B Neumann





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





REGISTERED NUMBER: SC714022 (Scotland)





AUDITORS: NUVO Audit Limited
7 Faraday Court
First Avenue
Burton on Trent
Staffordshire
DE14 2WX

CHLORIDE UK LIMITED (REGISTERED NUMBER: SC714022)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 594,836 680,836
Tangible assets 5 30,015 29,865
624,851 710,701

CURRENT ASSETS
Stocks 6 186,570 226,786
Debtors 7 1,359,183 1,807,931
Cash at bank 2,466,482 1,689,263
4,012,235 3,723,980
CREDITORS
Amounts falling due within one year 8 1,731,912 1,979,801
NET CURRENT ASSETS 2,280,323 1,744,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,905,174

2,454,880

CREDITORS
Amounts falling due after more than one year 9 (909,327 ) (953,480 )

PROVISIONS FOR LIABILITIES 11 (7,504 ) (7,466 )
NET ASSETS 1,988,343 1,493,934

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 1,838,343 1,343,934
1,988,343 1,493,934

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 27 February 2025 and were signed by:





B Neumann - Director


CHLORIDE UK LIMITED (REGISTERED NUMBER: SC714022)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Chloride UK Limited 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

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

CHLORIDE UK LIMITED (REGISTERED NUMBER: SC714022)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 39 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 860,003
AMORTISATION
At 1 January 2024 179,167
Amortisation for year 86,000
At 31 December 2024 265,167
NET BOOK VALUE
At 31 December 2024 594,836
At 31 December 2023 680,836

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2024 13,370 32,747 46,117
Additions 3,416 9,755 13,171
At 31 December 2024 16,786 42,502 59,288
DEPRECIATION
At 1 January 2024 6,527 9,725 16,252
Charge for year 3,770 9,251 13,021
At 31 December 2024 10,297 18,976 29,273
NET BOOK VALUE
At 31 December 2024 6,489 23,526 30,015
At 31 December 2023 6,843 23,022 29,865

6. STOCKS
2024 2023
£    £   
Stocks 59,643 12,001
Work-in-progress 126,927 214,785
186,570 226,786

CHLORIDE UK LIMITED (REGISTERED NUMBER: SC714022)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,220,326 1,702,471
Amounts owed by group undertakings 70,000 70,000
Other debtors 5,885 -
Prepayments and accrued income 62,972 35,460
1,359,183 1,807,931

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 285,381 284,195
Amounts owed to group undertakings 148,087 4,739
Tax (17,483 ) 332,079
Social security and other taxes 65,628 63,737
VAT 243,340 298,224
Other creditors 29,185 16,726
Accruals and deferred income 977,774 980,101
1,731,912 1,979,801

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group
undertakings 909,327 953,480
909,327 953,480

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 119,537 114,883
Between one and five years 111,965 124,839
231,502 239,722

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,504 7,466

Deferred
tax
£   
Balance at 1 January 2024 7,466
Provided during year 38
Balance at 31 December 2024 7,504

CHLORIDE UK LIMITED (REGISTERED NUMBER: SC714022)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

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

The Report of the Auditors was unqualified.

Alison Brown (Senior Statutory Auditor)
for and on behalf of NUVO Audit Limited

13. ULTIMATE CONTROLLING PARTY

At the year end Chloride UK Limited was a wholly owned subsidiary of Chloride Global S.A.S and the results of Chloride UK Limited are included in the consolidated financial statements of Chloride Global S.A.S which are available from Chloride Global S.A.S, 30 Avenue des Freres, Montgolfier, 69684, Chassieu Cedex, France.