REGISTERED NUMBER: 06736021 (England and Wales)

CHROME NICKEL

ALLOYS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,258

10,129

16,258

10,129

CURRENT ASSETS

Stocks

281,472

316,607

Debtors

6

230,364

242,380

Cash at bank and in hand

1,018

4,400

512,854

563,387

CREDITORS

Amounts falling due within one year

7

349,071

338,427

NET CURRENT ASSETS

163,783

224,960

TOTAL ASSETS LESS CURRENT LIABILITIES

180,041

235,089

CREDITORS

Amounts falling due after more than one year

8

(76,946

)

(89,547

)

PROVISIONS FOR LIABILITIES

-

(1,924

)

NET ASSETS

103,095

143,618

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

102,995

143,518

SHAREHOLDERS' FUNDS

103,095

143,618

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 and authorised for issue by the director and authorised for issue on 25 September 2025 and were signed by:

A Clark - Director

1.	STATUTORY INFORMATION

Chrome Nickel Alloys Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06736021

Registered office:

Unit B Bracknell House

Pywell Road

Corby

Northamptonshire

NN17 5XJ

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 amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three 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

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors

Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

18,552

AMORTISATION

At 1 January 2024

and 31 December 2024

18,552

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

27,302

5,936

2,496

35,734

Additions

10,000

-

1,359

11,359

Disposals

(5,995

)

-

-

(5,995

)

At 31 December 2024

31,307

5,936

3,855

41,098

DEPRECIATION

At 1 January 2024

23,311

412

1,882

25,605

Charge for year

2,663

1,187

538

4,388

Eliminated on disposal

(5,153

)

-

-

(5,153

)

At 31 December 2024

20,821

1,599

2,420

24,840

NET BOOK VALUE

At 31 December 2024

10,486

4,337

1,435

16,258

At 31 December 2023

3,991

5,524

614

10,129

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

221,611

223,534

Other debtors

8,753

18,846

230,364

242,380

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

18,727

16,480

Hire purchase contracts

2,758

3,686

Trade creditors

99,925

112,942

Amounts owed to group undertakings

57,351

51,939

Taxation and social security

-

5,923

Other creditors

170,310

147,457

349,071

338,427

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

70,513

89,240

Hire purchase contracts

6,433

307

76,946

89,547

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

9,191

3,993

Invoice factoring

12,569

85,120

21,760

89,113

Hire purchase contracts are secured against the assets to which they relate. Factoring liabilities are included within Other creditors on the Balance Sheet and are secured against all of the assets of the company by the way of a fixed and floating charge.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

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

The Report of the Auditors was unqualified.

Karl Hobbins FCCA (Senior Statutory Auditor)

for and on behalf of CFW Accountants LLP

12.	ULTIMATE CONTROLLING PARTY

The controlling party is the company's parent company Clark Partners Limited.

Its registered office can be found at 10 Cricketers Green, Weldon, Corby, NN17 3LP.