REGISTERED NUMBER: 09348719 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Tygris Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

43,067

61,610

Tangible assets

5

258,934

322,896

302,001

384,506

CURRENT ASSETS

Stocks

589,399

482,900

Debtors

6

523,253

561,664

Cash at bank

-

63,325

1,112,652

1,107,889

CREDITORS

Amounts falling due within one year

7

(585,254

)

(655,029

)

NET CURRENT ASSETS

527,398

452,860

TOTAL ASSETS LESS CURRENT LIABILITIES

829,399

837,366

CREDITORS

Amounts falling due after more than one year

8

(341,462

)

(372,352

)

PROVISIONS FOR LIABILITIES

(41,668

)

(27,338

)

ACCRUALS AND DEFERRED INCOME

(7,380

)

(9,840

)

NET ASSETS

438,889

427,836

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

438,789

427,736

438,889

427,836

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 19 September 2025 and were signed on its behalf by:

Mr J Simpson - Director

1.	STATUTORY INFORMATION

Tygris Ltd is a private company, limited by shares, domiciled in England, registration number 09348719. The registered office is Crown House, 27 Old Gloucester Street, London, WC1N 3AX.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods in respect of wholesale of chemical products, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Intangible assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probably that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software 20% straight line

Tangible fixed assets and depreciation

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.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance, 20% on cost and 2% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

127,087

AMORTISATION

At 1 January 2024

65,477

Charge for year

18,543

At 31 December 2024

84,020

NET BOOK VALUE

At 31 December 2024

43,067

At 31 December 2023

61,610

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

430,645

Additions

101,615

Disposals

(152,145

)

At 31 December 2024

380,115

DEPRECIATION

At 1 January 2024

107,749

Charge for year

79,036

Eliminated on disposal

(65,604

)

At 31 December 2024

121,181

NET BOOK VALUE

At 31 December 2024

258,934

At 31 December 2023

322,896

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

357,520

Additions

99,418

Disposals

(152,145

)

At 31 December 2024

304,793

DEPRECIATION

At 1 January 2024

71,136

Charge for year

67,726

Eliminated on disposal

(65,604

)

At 31 December 2024

73,258

NET BOOK VALUE

At 31 December 2024

231,535

At 31 December 2023

286,384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

484,038

551,998

Amounts owed by related parties

1,457

-

Other debtors

37,758

9,666

523,253

561,664

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

29,070

4,752

Finance leases

39,856

64,928

Trade creditors

275,776

262,926

Amounts owed to group undertakings

124,097

244,098

Taxation and social security

114,297

75,475

Other creditors

2,158

2,850

585,254

655,029

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

139,181

152,996

Finance leases

202,281

219,356

341,462

372,352

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

102,048

133,987

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdraft

19,787

-

Bank loans

148,464

157,748

Finance leases

242,137

284,284

410,388

442,032

Balances due on hire purchase and finance lease agreements are secured on the assets to which they relate.

10.	ULTIMATE PARENT ENTITY

Tygris Industrial Holdings Ltd is registered in Wales under registration number 09348082. The registered office is Crown House, 27 Old Gloucester Street, London, WC1N 3AX.