Registration number: 3192717

Cobrolite Export Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Cobrolite Export Limited

(Registration number: 3192717)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Stocks	5	90,394	86,931
Debtors	6	60,837	30,966
Cash at bank and in hand		84,657	116,802
		235,888	234,699
Creditors: Amounts falling due within one year	7	(186,894)	(188,216)
Net assets		48,994	46,483
Capital and reserves
Called up share capital		100	100
Retained earnings		48,894	46,383
Shareholders' funds		48,994	46,483

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:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:
 

......................................... Mr J S Hartley Director

......................................... Mr L M Cohen Director

Cobrolite Export Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
One Express
1 George Leigh Street
Manchester
M4 5DL

The principal place of business is:
Britannia House
Junction Street
Darwen
Lancashire
BB3 2RB
United Kingdom

These financial statements were authorised for issue by the Board on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cobrolite Export Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Straight line
Motor vehicles	25% Straight line
Equipment	15% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Cobrolite Export Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	10,973	10,973
At 31 December 2024	10,973	10,973
Depreciation
At 1 January 2024	10,973	10,973
At 31 December 2024	10,973	10,973
Carrying amount
At 31 December 2024	-	-

5

Stocks

	2024 £	2023 £
Other inventories	90,394	86,931

6

Debtors

Current	2024 £	2023 £
Trade debtors	51,834	24,816
Prepayments	1,098	237
Other debtors	7,905	5,913
	60,837	30,966

Cobrolite Export Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	127,554	147,327
Taxation and social security	4,820	3,039
Accruals and deferred income	19,870	3,200
Other creditors	34,650	34,650
	186,894	188,216

8	Related party transactions

Mr J S Hartley is a diector of Cobrolite Export Limited and is also a diector of WEC Group Limited from who the company bought goods and service from during the year to the value of £100,377 (2023: £156,174) on normal commercial terms. At the balance sheet date the amount outstanding to WEC Group Limited was £24,705 (2023: £47,136). The company sold goods to WEC Group Limited to the value of £nil (2023: £5,912) and the balance outstanding at the year end was £nil (2023: £nil).

Mr Hartley is a slo a director and shareholder of Bernhart Limited. During the year the company paid consultancy fees to Bernhart Limited totalling £39,719 (2023: £13,321). At the year end the balance owing to Bernhart Limited was £nil (2023: £nil).