REGISTERED NUMBER: 02658661 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

PRISMA COLOUR LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

T W Johnson

A G Johnson

Mrs H Collinson

R Heap

D Philpot

I Carroll

Miss S Furlong

SECRETARY:

T W Johnson

REGISTERED OFFICE:

Unit B

Thornsett Trading Estate

Birch Vale

High Peak

SK22 1AH

REGISTERED NUMBER:

02658661 (England and Wales)

AUDITORS:

A.Allen & Son Limited

Chartered Accountants

& Statutory Auditors

45 Union Road

New Mills

High Peak

SK22 3EL

Company Information

Prisma Colour Ltd is a private company limited by shares, registered in England & Wales.

Registered Office: Unit B, Thornsett Trading Estate, Birch Vale, High Peak, SK22 1AH.

Principal Activities

Prisma Colour Ltd remains a leading supplier of colour and additive concentrates for the plastics, rubber, and packaging film industries. In addition, the Group continues to manufacture polymer powders for the rotational moulding industry.

Business Review

Our goal is to present a balanced and comprehensive review of the Group's development and performance throughout the period and at year-end.

This year was a 13-month reporting period, We have continued to focus on organic & acquisitive growth, whilst maintaining efficiencies.

Business Overview

The Group's annual budget continues to be the key performance monitoring tool.

The Group has invested in additional machinery to expand production capacity, ensuring we are well positioned to meet increasing market demand.

These efforts, coupled with high customer retention, new business development & acquisition, support a strong and positive outlook for 2025.

Turnover

2024: £23,555,297

2023: £23,507,802

2022: £23,275,881

This modest year-on-year increase reflects both organic growth and the early benefits of the Silvergate Plastics acquisition.

Acquisition of Silvergate Plastics Ltd

On 17 October 2024, Prisma Colour Group acquired Silvergate Plastics Ltd

This acquisition strengthens our market position, broadens our product range, and significantly increases production flexibility.

Employees

As at December 2024, Prisma Colour Ltd employed 108 employees across all operations.

We continue to recruit skilled staff , invest in training and apprenticeships to support the long-term growth of the business.

Key Performance Indicators

We continue to monitor and deliver against our core KPIs:

- Revenue

- Volume

- Value Added Margin

- Working Capital

- Operating Cash Flow

Research and Development

Investment in R&D remains a priority, enabling continued expansion & development of new product lines. This capability supports entry into diverse global markets and ensures we remain competitive and innovative.

Environmental Policy

The Group continues to minimise its environmental impact through:

- 100% use of renewable electricity at all sites

- Safe recycling initiatives and increased use of recycled packaging

- Full compliance with environmental legislation

Our commitment to sustainability is an integral part of our long-term strategy.

Outlook

The Group is well positioned for continued success in 2025.

Key focus areas include:

- Integration of Silvergate Plastics operations

- Capacity utilisation to meet growing demand

- Further investment in sustainable manufacturing

- Expansion into new and existing markets

With increased production capability and a skilled workforce, Prisma Colour is set to build on its position as the UK's leading independent masterbatch manufacturer.

ON BEHALF OF THE BOARD:

T W Johnson - Director

26 September 2025

The directors present their report with the financial statements of the company for the period 1 December 2023 to 31 December 2024.

DIVIDENDS

The total distribution of dividends for the period ended 31st December 2024 will be £1,094,131 (2023 - £1,259,436)

DIRECTORS

The directors shown below have held office during the whole of the period from 1 December 2023 to the date of this report.

T W Johnson

A G Johnson

Mrs H Collinson

R Heap

D Philpot

I Carroll

Miss S Furlong

Other changes in directors holding office are as follows:

M Wood - resigned 18 March 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, A.Allen & Son Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

T W Johnson - Director

26 September 2025

Opinion

We have audited the financial statements of Prisma Colour Limited (the 'company') for the period ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the period then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our audit procedures were designed to respond to those identified risks, including non compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our Audit procedures include but are not limited to:

discussing with the directors and management their policies and procedures regarding compliance with laws and regulations:

communicating identified laws and regulations throughout our engagement team and remaining alert to any indications on non compliance throughout our audit.

Our audit procedures in relation to fraud included but were not limited to:

marking enquires of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud:

gaining an understanding of the internal controls established to mitigate risks related to fraud:

discussing amongst the engagement team the risk of fraud; and

addressing the risk of fraud through management override of controls by performing journal entry testing.

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentation or override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Darren Cooper BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of A.Allen & Son Limited

Chartered Accountants

& Statutory Auditors

45 Union Road

New Mills

High Peak

SK22 3EL

26 September 2025

TURNOVER

3

23,555,297

23,587,802

Cost of sales

18,007,722

18,307,069

GROSS PROFIT

5,547,575

5,280,733

Administrative expenses

3,036,583

2,418,734

2,510,992

2,861,999

Other operating income

-

215,000

OPERATING PROFIT

5

2,510,992

3,076,999

Interest receivable and similar income

129,446

31,837

2,640,438

3,108,836

Interest payable and similar expenses

6

39,813

45,550

PROFIT BEFORE TAXATION

2,600,625

3,063,286

Tax on profit

7

506,744

590,208

PROFIT FOR THE FINANCIAL PERIOD

2,093,881

2,473,078

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

2,093,881

2,473,078

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

1,352,928

1,530,345

Investments

11

1,703,310

876,960

3,056,238

2,407,305

CURRENT ASSETS

Stocks

12

2,849,248

2,372,337

Debtors

13

8,461,275

7,571,443

Cash at bank and in hand

3,555,545

4,878,566

14,866,068

14,822,346

CREDITORS

Amounts falling due within one year

14

5,356,018

5,373,865

NET CURRENT ASSETS

9,510,050

9,448,481

TOTAL ASSETS LESS CURRENT LIABILITIES

12,566,288

11,855,786

CREDITORS

Amounts falling due after more than one year

15

(100,000

)

(342,619

)

PROVISIONS FOR LIABILITIES

19

(302,395

)

(349,024

)

NET ASSETS

12,163,893

11,164,143

CAPITAL AND RESERVES

Called up share capital

20

10,000

10,000

Capital redemption reserve

21

15,000

15,000

Retained earnings

21

12,138,893

11,139,143

SHAREHOLDERS' FUNDS

12,163,893

11,164,143

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

T W Johnson - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 December 2022

10,000

9,925,501

15,000

9,950,501

Changes in equity

Dividends

-

(1,259,436

)

-

(1,259,436

)

Total comprehensive income

-

2,473,078

-

2,473,078

Balance at 30 November 2023

10,000

11,139,143

15,000

11,164,143

Changes in equity

Dividends

-

(1,094,131

)

-

(1,094,131

)

Total comprehensive income

-

2,093,881

-

2,093,881

Balance at 31 December 2024

10,000

12,138,893

15,000

12,163,893

1.	STATUTORY INFORMATION

Prisma Colour 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Turnover represents net invoiced sale of goods, excluding value added tax. Turnover is recognised when the goods have been dispatched, and confirmation of delivery has been obtained.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is now fully amortised.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Electrical installation and distribution

-

20% on reducing balance

Improvements to property

-

10% on cost and 2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Investments in subsidiaries

Unlisted Investments and Investments in subsidiaries are accounted for at cost less impairment in the individual financial statements.

The company is exempt from preparing consolidated accounts as it is itself a wholly owned subsidiary of Prisma Colour (Holdings) Limited.

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 period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Hire purchase and leasing commitments

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.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

United Kingdom

19,885,554

20,285,510

Europe

2,177,601

1,839,848

Rest of the world

1,492,142

1,462,444

23,555,297

23,587,802

4.	EMPLOYEES AND DIRECTORS

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

Wages and salaries

3,220,298

2,933,633

Social security costs

332,366

276,572

Other pension costs

296,336

152,561

3,849,000

3,362,766

The average number of employees during the period was as follows:

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

Average number of employees

108

94

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

Directors' remuneration

480,006

490,399

Directors' pension contributions to money purchase schemes

160,608

91,101

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

7

7

Information regarding the highest paid director is as follows:

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

Emoluments etc

114,090

104,629

Pension contributions to money purchase schemes

64,133

25,460

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

Hire of plant and machinery

2,250

4,186

Other operating leases

124,968

99,136

Depreciation - owned assets

350,261

362,210

Profit on disposal of fixed assets

(33,212

)

-

Goodwill amortisation

-

20,080

Auditors' remuneration

17,500

14,750

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

Bank loan interest

39,813

45,550

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the period was as follows:

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

Current tax:

UK corporation tax

635,504

599,203

Underprovision of tax in

prior year

(82,131

)

-

Total current tax

553,373

599,203

Deferred tax

(46,629

)

(8,995

)

Tax on profit

506,744

590,208

UK corporation tax has been charged at 25% (2023 - 25%).

Reconciliation of total tax charge included in profit and loss

The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

Profit before tax

2,600,625

3,063,286

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 25%)

650,156

765,822

Effects of:

Expenses not deductible for tax purposes

31,986

28,597

Depreciation in excess of capital allowances

73,181

10,802

R & D enhanced deduction

(153,750

)

(162,500

)

Tax rate change

-

(51,795

)

Fixed asset additions none FYA

-

(12,555

)

Pensions paid

(12,250

)

12,250

Buildings and structures allowance

(448

)

(413

)

Over provision prior years

(82,131

)

-

Total tax charge

506,744

590,208

8.

DIVIDENDS

Period

1.12.23

to

Year Ended

31.12.24

30.11.23

£

£

Ordinary shares of £1 each

Ordinary - paid

1,094,131

1,259,436

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

and 31 December 2024

100,400

AMORTISATION

At 1 December 2023

and 31 December 2024

100,400

NET BOOK VALUE

At 31 December 2024

-

At 30 November 2023

-