REGISTERED NUMBER: 04186273 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHROMALYTIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Jones

M White-Sharman

SECRETARY:

M A Jones

REGISTERED OFFICE:

Unit A Lake Works

Cranleigh Road

Fareham

Hampshire

PO16 9DR

REGISTERED NUMBER:

04186273 (England and Wales)

AUDITORS:

PG Owen Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

FIXED ASSETS

Tangible assets

4

9,731

9,607

CURRENT ASSETS

Stocks

148,366

122,640

Debtors

5

132,652

191,493

Cash at bank

339,930

276,226

620,948

590,359

CREDITORS

Amounts falling due within one year

6

209,310

260,336

NET CURRENT ASSETS

411,638

330,023

TOTAL ASSETS LESS CURRENT LIABILITIES

421,369

339,630

PROVISIONS FOR LIABILITIES

2,411

2,047

NET ASSETS

418,958

337,583

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

418,658

337,283

418,958

337,583

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 10 September 2025 and were signed on its behalf by:

M White-Sharman - Director

1.	STATUTORY INFORMATION

Chromalytic 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 represents net invoiced sales of compressors, vacuum pumps, repairs & servicing and related accessories, excluding value added tax.

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

-

33% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on 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 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.

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 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

599

7,400

32,203

40,202

Additions

-

-

6,070

6,070

At 31 December 2024

599

7,400

38,273

46,272

DEPRECIATION

At 1 January 2024

220

6,401

23,974

30,595

Charge for year

119

999

4,828

5,946

At 31 December 2024

339

7,400

28,802

36,541

NET BOOK VALUE

At 31 December 2024

260

-

9,471

9,731

At 31 December 2023

379

999

8,229

9,607

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

87,447

148,370

Other debtors

45,205

43,123

132,652

191,493

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,163

22,492

Amounts owed to group undertakings

7,492

1,001

Tax

14,874

(5,253

)

Social security and other taxes

24,301

27,711

Other creditors

157,480

214,385

209,310

260,336

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

42,643

41,752

Between one and five years

46,606

61,371

89,249

103,123

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

The Report of the Auditors was unqualified.

R N Browning BA(Hons) FCCA FCA FAIA BFP (Senior Statutory Auditor)

for and on behalf of PG Owen Limited

9.	RELATED PARTY DISCLOSURES

During the year the company purchased goods to the value of £44,151 (2023 - £55,452) from Durr Technik (UK) Ltd. The company sold goods to the value of £20,380 (2023 - £16,329) to Durr Technik (UK) Ltd. At the balance sheet date the company owed Durr Technik (UK) Ltd £11,783 (2023 - £1,223) and was owed £6,011 (2023 - £222) by Durr Technik (UK) Ltd.

Durr Technik GmbH & Co. KG is the ultimate parent of Chromalytic as they own 100% of the shares in Durr Technik (UK) Ltd. Purchases were made from Durr Technik GmbH & Co. KG of £6,550 (2023 - £4,376) with a balance of £1,720 (2023 - Nil) owing at the balance sheet date. The company sold goods to the value of Nil (2023 - £208) with a balance of Nil (2023 - Nil) to Durr Technik GmbH & Co. KG.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Durr Technik GmbH & Co. KG.