REGISTERED NUMBER: 01192820 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

PROCHEM EUROPE LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs T N M Tilley

A V Tilley

S Sivayogarajan

SECRETARY:

Mrs C Rogers

REGISTERED OFFICE:

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

REGISTERED NUMBER:

01192820 (England and Wales)

ACCOUNTANTS:

Bentens

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prochem Europe Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Prochem Europe Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prochem Europe Limited and state those matters that we have agreed to state to the Board of Directors of Prochem Europe Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Prochem Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prochem Europe Limited. You consider that Prochem Europe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prochem Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bentens

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

14 August 2025

FIXED ASSETS

Tangible assets

4

610,703

663,629

CURRENT ASSETS

Stocks

5

814,142

808,812

Debtors

6

670,889

572,252

Cash at bank and in hand

2,843,025

2,778,444

4,328,056

4,159,508

CREDITORS

Amounts falling due within one year

7

472,579

426,476

NET CURRENT ASSETS

3,855,477

3,733,032

TOTAL ASSETS LESS CURRENT LIABILITIES

4,466,180

4,396,661

CREDITORS

Amounts falling due after more than one year

8

(41,701

)

(89,677

)

PROVISIONS FOR LIABILITIES

9

(7,206

)

(7,153

)

NET ASSETS

4,417,273

4,299,831

CAPITAL AND RESERVES

Called up share capital

4,501

4,501

Capital redemption reserve

499

499

Retained earnings

4,412,273

4,294,831

SHAREHOLDERS' FUNDS

4,417,273

4,299,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 14 August 2025 and were signed on its behalf by:

A V Tilley - Director

S Sivayogarajan - Director

1.	STATUTORY INFORMATION

Prochem Europe 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 comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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.

Freehold property

-

10 - 20% reducing balance

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Turnover

The company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

418,499

529,835

979,794

209,091

2,137,219

Additions

-

10,705

874

-

11,579

Disposals

-

(350

)

-

-

(350

)

At 31 December 2024

418,499

540,190

980,668

209,091

2,148,448

DEPRECIATION

At 1 January 2024

-

500,758

901,563

71,269

1,473,590

Charge for year

-

9,923

19,776

34,456

64,155

At 31 December 2024

-

510,681

921,339

105,725

1,537,745

NET BOOK VALUE

At 31 December 2024

418,499

29,509

59,329

103,366

610,703

At 31 December 2023

418,499

29,077

78,231

137,822

663,629

Included in cost of land and buildings is freehold land of £ 418,499 (2023 - £ 418,499 ) which is not depreciated.

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

19,150

131,539

150,689

DEPRECIATION

At 1 January 2024

18,341

42,336

60,677

Charge for year

202

22,301

22,503

At 31 December 2024

18,543

64,637

83,180

NET BOOK VALUE

At 31 December 2024

607

66,902

67,509

At 31 December 2023

809

89,203

90,012

5.

STOCKS

2024

2023

£

£

Stocks

814,142

808,812

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

603,407

512,620

Prepayments and accrued income

67,482

59,632

670,889

572,252

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

47,975

18,042

Trade creditors

232,164

220,427

Corporation tax

47,488

37,611

Social security and other taxes

38,248

37,412

VAT

74,381

71,928

Directors' current accounts

15,381

14,965

Accrued expenses

16,942

26,091

472,579

426,476

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

41,701

89,677

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

7,206

7,153

Deferred

tax

£

Balance at 1 January 2024

7,153

Provided during year

53

Balance at 31 December 2024

7,206

10.	RELATED PARTY DISCLOSURES

The freehold of the trading premises at Oakcroft Road, Chessington, Surrey are partly owned by Mrs R C Tilley, representing 51.27% of the total freehold, who receives a commercial rent of £60,000 per annum.

During the year dividends of £nil were paid to Mr A V Tilley director of the company (2022: £32,000).

11.	ULTIMATE CONTROLLING PARTY

'A' Ordinary shares may only be held by Mrs T N M Tilley. 'A' Ordinary shareholders are entitled to five votes per share. 'B' Ordinary shareholders are entitled to one vote per share. Mts T N M Tilley holds 710 'A' shares and Mr A V Tilley holds 3791 of 'B' shares.