Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr C J Gatenby 24/12/2018 Mr J M Taylor 24/12/2018 27 August 2025 The principal activity of the company is the wholesale of contact lenses. 11740341 2024-12-31 11740341 bus:Director1 2024-12-31 11740341 bus:Director2 2024-12-31 11740341 2023-12-31 11740341 core:CurrentFinancialInstruments 2024-12-31 11740341 core:CurrentFinancialInstruments 2023-12-31 11740341 core:Non-currentFinancialInstruments 2024-12-31 11740341 core:Non-currentFinancialInstruments 2023-12-31 11740341 core:ShareCapital 2024-12-31 11740341 core:ShareCapital 2023-12-31 11740341 core:RetainedEarningsAccumulatedLosses 2024-12-31 11740341 core:RetainedEarningsAccumulatedLosses 2023-12-31 11740341 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 11740341 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 11740341 2022-12-31 11740341 bus:OrdinaryShareClass1 2024-12-31 11740341 2024-01-01 2024-12-31 11740341 bus:FilletedAccounts 2024-01-01 2024-12-31 11740341 bus:SmallEntities 2024-01-01 2024-12-31 11740341 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11740341 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11740341 bus:Director1 2024-01-01 2024-12-31 11740341 bus:Director2 2024-01-01 2024-12-31 11740341 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2024-01-01 2024-12-31 11740341 2023-01-01 2023-12-31 11740341 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 11740341 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 11740341 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 11740341 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11740341 (England and Wales)

CHROMACON UK LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CHROMACON UK LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CHROMACON UK LTD

BALANCE SHEET

As at 31 December 2024
CHROMACON UK LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 209,685 0
209,685 0
Current assets
Stocks 74,402 108,910
Debtors 4 338,993 32,557
Cash at bank and in hand 129,709 577,721
543,104 719,188
Creditors: amounts falling due within one year 5 ( 52,925) ( 73,637)
Net current assets 490,179 645,551
Total assets less current liabilities 699,864 645,551
Creditors: amounts falling due after more than one year 6 ( 13,578) 0
Net assets 686,286 645,551
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account 686,285 645,550
Total shareholder's funds 686,286 645,551

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Chromacon UK Ltd (registered number: 11740341) were approved and authorised for issue by the Board of Directors on 27 August 2025. They were signed on its behalf by:

Mr J M Taylor
Director
CHROMACON UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CHROMACON UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Chromacon UK Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3GW, Plymouth, United Kingdom. The principal place of business is Prince Albert House, Liskeard, Business Park Liskeard, Cornwall, PL14 3US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Website costs Total
£ £
Cost
At 01 January 2024 0 0
Additions 242,080 242,080
At 31 December 2024 242,080 242,080
Accumulated amortisation
At 01 January 2024 0 0
Charge for the financial year 32,395 32,395
At 31 December 2024 32,395 32,395
Net book value
At 31 December 2024 209,685 209,685
At 31 December 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 0 3,863
Amounts owed by Group undertakings 323,002 18,409
Amounts owed by associates 2,212 9,870
VAT recoverable 13,779 0
Corporation tax 0 415
338,993 32,557

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 41,026
Accruals 1,925 1,800
Taxation and social security 0 30,811
Other creditors 51,000 0
52,925 73,637

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 13,578 0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 13,578) 0
At the end of financial year ( 13,578) 0

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1