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REGISTERED NUMBER: 01485996 (England and Wales)















LEKTRACHEM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






LEKTRACHEM LIMITED (REGISTERED NUMBER: 01485996)






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


LEKTRACHEM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: D Weisberg





REGISTERED OFFICE: Unit 9 Liberty Way
Attleborough Fields Industrial Estate
Nuneaton
Warwickshire
CV11 6RZ





REGISTERED NUMBER: 01485996 (England and Wales)





AUDITORS: Burrows Scarborough Limited
(Statutory Auditor)
Sovereign House
12 Warwick Street
Coventry
CV5 6ET

LEKTRACHEM LIMITED (REGISTERED NUMBER: 01485996)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,973 132,017
Investments 5 100 100
131,073 132,117

CURRENT ASSETS
Stocks 200,937 202,038
Debtors 6 437,266 173,165
Investments 7 1,302,893 503,703
Prepayments and accrued income 46,318 37,643
Cash at bank and in hand 307,122 743,742
2,294,536 1,660,291
CREDITORS
Amounts falling due within one year 8 1,218,203 1,019,427
NET CURRENT ASSETS 1,076,333 640,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,207,406

772,981

PROVISIONS FOR LIABILITIES (20,906 ) (18,563 )

ACCRUALS AND DEFERRED INCOME (28,816 ) (30,302 )
NET ASSETS 1,157,684 724,116

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,157,682 724,114
SHAREHOLDERS' FUNDS 1,157,684 724,116

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





D Weisberg - Director


LEKTRACHEM LIMITED (REGISTERED NUMBER: 01485996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Lektrachem 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.

The principal activity of the company in the year continued to be the manufacture of speciality chemicals and supplier of electroplating chemistry.

The financial statements are rounded to the nearest £1.

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.

Preparation of consolidated financial statements
The financial statements contain information about Lektrachem Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Precimet Inc., a company incorporated in the United States of America., 47 Molter Street, Cranston, Rhode Island, 02910.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of revenue are as follows:

Sale of goods

Revenue from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line between 1 and 6 years
Plant and machinery etc - 50% on cost, 25% on cost and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Statement of Income and Retained Earnings, 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.


LEKTRACHEM LIMITED (REGISTERED NUMBER: 01485996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 7 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 104,540 349,018 453,558
Additions 2,383 25,285 27,668
At 31 December 2024 106,923 374,303 481,226
DEPRECIATION
At 1 January 2024 91,734 229,807 321,541
Charge for year 3,040 25,672 28,712
At 31 December 2024 94,774 255,479 350,253
NET BOOK VALUE
At 31 December 2024 12,149 118,824 130,973
At 31 December 2023 12,806 119,211 132,017

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

Fixed asset investments consist of investments in shares in group undertakings.

LEKTRACHEM LIMITED (REGISTERED NUMBER: 01485996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 413,984 162,940
Amounts owed by group undertakings 4,633 -
Other debtors 18,649 10,225
437,266 173,165

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 1,302,893 503,703

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 273,332 35,076
Amounts owed to group undertakings 857,240 937,705
Taxation and social security 85,105 45,975
Other creditors 2,526 671
1,218,203 1,019,427

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares £1 2 2

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

The Report of the Auditors was unqualified.

Adam Bexon MChem FCA (Senior Statutory Auditor)
for and on behalf of Burrows Scarborough Limited

11. PENSION COMMITMENTS

The pension cost charge represents contributions payable by the company regarding the pension amounting to £25,904 (2023 - £23,648). Contributions totalling £634 (2023 - £nil) were payable to the fund at the balance sheet date.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Precimet Inc., a company incorporated in the United States of America.

The ultimate parent company, and smallest and largest group company in which the company's results are consolidated is Technic Inc., a company incorporated in the United States of America. The registered address of Technic Inc. is 47 Molter Street, Cranston, Rhode Island, 02910.