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REGISTERED NUMBER: 05529261 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CHROMATECHNIC LIMITED

CHROMATECHNIC LIMITED (REGISTERED NUMBER: 05529261)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CHROMATECHNIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr E Davidson
Mrs C Davidson



SECRETARY: Mr E Davidson



REGISTERED OFFICE: Unit 3 & 4
Daltongate Business Centre
Daltongate
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 05529261 (England and Wales)



ACCOUNTANTS: J F Hornby & Co
Chartered Accountants
The Tower
Daltongate Business Centre
Daltongate
Ulverston
Cumbria
LA12 7AJ



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow in Furness
Cumbria
LA14 1WY

CHROMATECHNIC LIMITED (REGISTERED NUMBER: 05529261)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 30,900 34,100
Tangible assets 5 519 248
31,419 34,348

CURRENT ASSETS
Debtors 13,857 14,641
Cash at bank and in hand 39,582 17,884
53,439 32,525
CREDITORS
Amounts falling due within one year 45,876 44,901
NET CURRENT ASSETS/(LIABILITIES) 7,563 (12,376 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,982

21,972

CREDITORS
Amounts falling due after more than one
year

4,457

10,222
NET ASSETS 34,525 11,750

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 34,523 11,748
SHAREHOLDERS' FUNDS 34,525 11,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

CHROMATECHNIC LIMITED (REGISTERED NUMBER: 05529261)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mr E Davidson - Director


CHROMATECHNIC LIMITED (REGISTERED NUMBER: 05529261)

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

1. STATUTORY INFORMATION

Chromatechnic 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 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 represents net invoiced sales of goods and services, excluding VAT.

Intangible fixed assets
Intellectual property is being amortised evenly over its estimated useful life of 20 years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 64,000
AMORTISATION
At 1 September 2023 29,900
Amortisation for year 3,200
At 31 August 2024 33,100
NET BOOK VALUE

At 31 August 2024 30,900
At 31 August 2023 34,100

CHROMATECHNIC LIMITED (REGISTERED NUMBER: 05529261)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 10,378
Additions 632
At 31 August 2024 11,010
DEPRECIATION
At 1 September 2023 10,130
Charge for year 361
At 31 August 2024 10,491
NET BOOK VALUE
At 31 August 2024 519
At 31 August 2023 248

6. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans - 2,875

National Westminster Bank plc hold a debenture over the company by way of a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, uncalled capital, buildings, fixtures and plant and machinery.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr E Davidson and Mrs C Davidson
Balance outstanding at start of year 14,125 15,145
Amounts advanced 13,625 14,125
Amounts repaid (14,125 ) (15,145 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,625 14,125

The loan is interest free, unsecured and repayable on demand.

CHROMATECHNIC LIMITED (REGISTERED NUMBER: 05529261)

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

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs E Davidson.