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REGISTERED NUMBER: 01747364 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Khromatec Limited

Khromatec Limited (Registered number: 01747364)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Khromatec Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr D A Boyes
Mrs S J Boyes





SECRETARY: Mr P Boyes





REGISTERED OFFICE: Unit 5, Beels Road
North Moss Lane Industrial Estate
Stallingborough
Grimsby
N E Lincolnshire
DN41 8DN





REGISTERED NUMBER: 01747364 (England and Wales)

Khromatec Limited (Registered number: 01747364)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 197,158 216,547

CURRENT ASSETS
Stocks 3,363 6,341
Debtors 5 129,520 101,811
Cash at bank 63,833 108,959
196,716 217,111
CREDITORS
Amounts falling due within one year 6 186,419 218,816
NET CURRENT ASSETS/(LIABILITIES) 10,297 (1,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,455

214,842

CREDITORS
Amounts falling due after more than one
year

7

(22,556

)

(52,082

)

PROVISIONS FOR LIABILITIES (45,346 ) (46,947 )
NET ASSETS 139,553 115,813

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Capital redemption reserve 12,000 12,000
Retained earnings 123,553 99,813
SHAREHOLDERS' FUNDS 139,553 115,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 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 Board of Directors and authorised for issue on 12 April 2025 and were signed on its behalf by:





Mr D A Boyes - Director


Khromatec Limited (Registered number: 01747364)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Khromatec 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and 15% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2023 - 13 ) .

Khromatec Limited (Registered number: 01747364)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 505,753
Additions 17,287
At 30 September 2024 523,040
DEPRECIATION
At 1 October 2023 289,206
Charge for year 36,676
At 30 September 2024 325,882
NET BOOK VALUE
At 30 September 2024 197,158
At 30 September 2023 216,547

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 275,000
Additions 15,980
At 30 September 2024 290,980
DEPRECIATION
At 1 October 2023 91,214
Charge for year 28,234
At 30 September 2024 119,448
NET BOOK VALUE
At 30 September 2024 171,532
At 30 September 2023 183,786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 113,514 94,326
Other debtors 16,006 7,485
129,520 101,811

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,030 10,030
Hire purchase contracts 35,870 42,500
Trade creditors 33,038 44,399
Taxation and social security 37,579 59,409
Other creditors 69,902 62,478
186,419 218,816

Khromatec Limited (Registered number: 01747364)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 22,556 20,207
Hire purchase contracts - 31,875
22,556 52,082

8. CONTINGENT LIABILITIES

As far as the directors are aware they have not entered into any contracts which could give rise to any contingent liability.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr D A Boyes and Mrs S J Boyes
Balance outstanding at start of year 53,311 114,569
Amounts advanced 56,388 131,000
Amounts repaid (40,782 ) (192,258 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,917 53,311

10. RELATED PARTY DISCLOSURES

The controlling party is Mr D A Boyes.