ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

Registered number: 07199913

COLORMINIUM (LONDON) LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

COLORMINIUM (LONDON) LIMITED

COMPANY INFORMATION

Directors	R L Price
	K R Mallinson
	R D Price
	S Byne
	C Hewison (appointed 23 April 2025)


Registered number	07199913


Registered office	23 Springfield Lyons Approach
	Springfield
	Chelmsford
	CM2 5LB


Independent auditors	WR Partners
	Chartered Accountants & Statutory Auditors
	Belmont House
	Shrewsbury Business Park
	Shrewsbury
	Shropshire
	SY2 6LG

COLORMINIUM (LONDON) LIMITED

CONTENTS

	Page
Strategic report	1 - 3
Directors' report	4 - 5
Independent auditors' report	6 - 9
Statement of comprehensive income	10
Balance sheet	11 - 12
Statement of changes in equity	13
Notes to the financial statements	14 - 26

COLORMINIUM (LONDON) LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Introduction

The directors introduce the strategic report for the year ended 31 December 2024.

Business review

Background
Colorminium is a leading specialist facade company within the UK, delivering a turn-key design & construct solution to our clients.
With almost 50 years of experience, we recognise that understanding the core values and aspirations of our client is key to successfully delivering projects whilst being committed to the fundamentals of safety and sustainability.
Financial results
In 2024 Colorminium achieved turnover of £24.6m. Whilst this is lower than the 2023 turnover of £44m, due to the stages of the projects, we were able to use the period to focus more on cost reduction and efficiency.
The 2024 results showed a decrease in operating profitability in the full-year figures (£5.2M, down from £5.7M in the previous year).
There has been an increase in net current assets to £8.2m which includes cash at bank of £6.2m.
Future Prospects
Colorminium has a strong pipeline of work for 2025-2027 and is continuing to look ahead and adapt to changing market circumstances.

Page 1

COLORMINIUM (LONDON) LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Principal risks and uncertainties

Some of the principal risks and uncertainties facing the business are listed below. These risks amongst others are accordingly given a high emphasis in the focus of the management team.
The Directors continuously monitor the principal risks and manage the business with flexibility in response to market conditions and opportunities as they arise.
Liquidity risk
The company carefully forecasts working capital requirements to meet all short-term liabilities, whilst maintaining significant cash reserves to ensure that unforeseen circumstances will not affect this.
Credit/Insolvency risk
The company is exposed to credit risk on amounts recoverable on long-term contracts. This is managed by a stringent policy of investigating the creditworthiness of each customer, maintaining adequate credit insurance and ensuring that the payment terms keep the debt per contract and per customer to an acceptable level.
The high level of insolvencies in the industry have many other indirect impacts, and we also carry out relevant checks on our supply chain.
Foreign exchange rate risk
Where the company requires foreign currency, it secures the rate for this in advance to ensure that the cost for this is known for each contract.
The exit of the UK from the European Union has been assessed for its impact on our trading and sufficient control measures are in place, notably foreign currency hedging, supply chain alternatives and updated import procedures.
Changes in the market
The sharp increase in interest rates, the government EPC targets, the changing use of office space and other market forces have a huge impact on funding decisions for projects in our pipeline. We address this risk principally by not becoming over-dependent on any one customer or sector, but retaining pipeline opportunities across several areas.
Regulatory risk
Whilst progress has been made on clarifying the regulatory confusion exposed by the Grenfell tragedy, uncertainty remains. We keep abreast of the relevant changes and appraise our customers where it may affect their projects.
Other external risk, conflicts, commodity shortages and other disruptions in world trade
The company focuses on understanding and monitoring the current risks in each area of the supply chain, particularly in relation to material shortages and price fluctuations, not least with regards to the ongoing conflict in the Ukraine, as well as increasing disruption caused by climate weather events. It is important that the supply chain incorporates alternatives and programme float in the event of delays, and that our customer’s contracts do not penalise for such delays which cannot be reasonably foreseen.

Page 2

COLORMINIUM (LONDON) LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Financial key performance indicators

The business tracks critical KPIs at least monthly in its management reporting. The main categories are QHSE, programme, stakeholder satisfaction, and financial measures, which relate to turnover, operating profit, net current assets and cash. An analysis of the company's performance and position with reference to these financial key performance indicators is provided in the Business Review.
Against all of these KPIs the directors are pleased with the performance of the company in the financial year and constantly review the procedures and policies in place to ensure continued improvement.

This report was approved by the board and signed on its behalf.

................................................

S Byne

Director

Date: 30 September 2025

Page 3

COLORMINIUM (LONDON) LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the company's financial statements 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 to 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.

Results and dividends

The profit for the year, after taxation, amounted to £4,144,789 (2023 - £4,364,456).

Dividends of £698,218 (2023: £4,320,144) were declared in the year. No further dividend is to be declared on the results of these financial statements.

Directors

The directors who served during the year were:

R L Price

K R Mallinson

R D Price

S Byne

Future developments

Refer to strategic report for details of future developments.

Research and development activities

The Company is actively engaged in research and development activities through continuous new product development.

Page 4

COLORMINIUM (LONDON) LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

The auditors, WR Partners, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

................................................

S Byne

Director

Date: 30 September 2025

Page 5

COLORMINIUM (LONDON) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COLORMINIUM (LONDON) LIMITED

Opinion

We have audited the financial statements of Colorminium (London) Limited (the 'company') for the year ended 31 December 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, 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 year 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 United Kingdom, including the Financial Reporting Council'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.

Page 6

COLORMINIUM (LONDON) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COLORMINIUM (LONDON) LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic report and the Directors' report 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 Directors' report.

We have nothing to report in respect of the following matters in relation to which 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 Directors' responsibilities statement set out on page 4, 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 is 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.

Page 7

COLORMINIUM (LONDON) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COLORMINIUM (LONDON) LIMITED (CONTINUED)

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 an Auditors' report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS102 and the Companies Act 2006), the relevant tax compliance regulations, employment law, Health and Safety Regulations and the EU General Data Protection Regulation (GDPR).
We understood how the Company is complying with these frameworks by making enquiries of management and those responsible for legal and compliance procedures. We also reviewed board minutes to identify any recorded instances of irregularity or non compliance that might have a material impact on the financial statements.
We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by meeting with key management to understand where they considered there was susceptibility to fraud. Based on our understanding our procedures involved enquiries of management and those charged with governance, manual journal entry testing, cashbook reviews for large and unusual items and the challenge of significant accounting estimates used in preparing the financial statements.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditors' report.

Page 8

COLORMINIUM (LONDON) LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COLORMINIUM (LONDON) LIMITED (CONTINUED)

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 an Auditors' report 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.

John Fletcher BA (Hons) FCA (Senior statutory auditor)

for and on behalf of

WR Partners

Chartered Accountants

Statutory Auditors

Belmont House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

30 September 2025

Page 9

COLORMINIUM (LONDON) LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2024

	2024	2023
Note	£	£


Turnover	4	24,646,625	43,748,908
Cost of sales		(14,933,835)	(32,599,128)
Gross profit		9,712,790	11,149,780
Administrative expenses		(5,587,250)	(5,466,143)
Other operating income	5	1,068,074	-
Operating profit	6	5,193,614	5,683,637
Interest receivable and similar income	9	304,822	154,837
Profit before tax		5,498,436	5,838,474
Tax on profit	10	(1,353,647)	(1,474,018)
Profit for the financial year		4,144,789	4,364,456

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 14 to 26 form part of these financial statements.

All activities are in connection with continuing operations.

Page 10

COLORMINIUM (LONDON) LIMITED

REGISTERED NUMBER: 07199913

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	12		232,796		180,161
			232,796		180,161
Current assets
Stocks	13	158,732		64,593
Debtors: amounts falling due within one year	14	6,508,544		7,987,451
Cash at bank and in hand	15	6,158,968		9,058,435
		12,826,244		17,110,479
Creditors: amounts falling due within one year	16	(4,632,995)		(12,325,312)
Net current assets			8,193,249		4,785,167
Total assets less current liabilities			8,426,045		4,965,328
Provisions for liabilities
Other provisions	17	(422,853)		(408,707)
			(422,853)		(408,707)
Net assets			8,003,192		4,556,621

Page 11

COLORMINIUM (LONDON) LIMITED

REGISTERED NUMBER: 07199913

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Capital and reserves
Called up share capital	18	1,604,027	1,604,027
Share premium account	19	510,115	510,115
Capital redemption reserve	19	39,360	39,360
Profit and loss account	19	5,849,690	2,403,119
		8,003,192	4,556,621

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

S Byne

Director

Date: 30 September 2025

The notes on pages 14 to 26 form part of these financial statements.

Page 12

COLORMINIUM (LONDON) LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Share premium account	Capital redemption reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 January 2023	1,603,977	-	39,360	2,358,807	4,002,144
Comprehensive income for the year
Profit for the year	-	-	-	4,364,456	4,364,456
Total comprehensive income for the year	-	-	-	4,364,456	4,364,456
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(4,320,144)	(4,320,144)
Shares issued during the year	50	510,115	-	-	510,165
Total transactions with owners	50	510,115	-	(4,320,144)	(3,809,979)

At 1 January 2024	1,604,027	510,115	39,360	2,403,119	4,556,621
Comprehensive income for the year
Profit for the year	-	-	-	4,144,789	4,144,789
Total comprehensive income for the year	-	-	-	4,144,789	4,144,789
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(698,218)	(698,218)
Total transactions with owners	-	-	-	(698,218)	(698,218)
At 31 December 2024	1,604,027	510,115	39,360	5,849,690	8,003,192

The notes on pages 14 to 26 form part of these financial statements.

Page 13

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Colorminium (London) Limited is a private company, limited by shares, and incorporated in England. The principal activity of the Company is the engineering of facades and full project management service. The address of the registered office is 23 Springfield Lyons Approach, Springfield, Chelmsford, CM2 5LB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

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

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of CLL Group Holdings Limited as at 31 December 2024 and these financial statements may be obtained from Companies House or the parent company's registered office which is located at 23 Springfield Lyons Approach, Springfield, Chelmsford, England, CM2 5LB.

2.3

Going concern

After making appropriate enquiries, including the review of cashflow forecasts under various scenarios, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
The Group is considered to be well positioned given the current environment with no impact on the going concern basis of the financial statements

Page 14

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	reducing balance
Office equipment	-	20%	straight line
Computer equipment	-	33%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 15

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 16

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.12

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.13

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 17

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.16

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Long term contracts
Judgement is particularly applied in estimating the completion stage and expected outcome of long term contracts.
Warranty provision
The Company provides a provision on estimated warranty costs, with the average warranty lasting a duration of 12 years. The Company has either entered into an uninsured warranty contract leading to a legal obligation or has a constructive obligation in relation to the warranty on these sales. The provision is based on a percentage of annual turnover. The total provision at balance sheet date is disclosed in note 18 of these accounts.

Turnover

	All turnover arose within the United Kingdom.
	All turnover relates to the principal activity of the Company.

Page 18

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Other operating income
		2024	2023
		£	£

Other operating income - Contract termination settlement	1,068,074	-
	1,068,074	-

Fees payable to the Company's auditors and its associates for the audit of the annual financial statements	12,350	16,950
Exchange differences	(4,933)	16,940
Other operating lease rentals	3,956	2,525
(Profit) /Loss on disposal of fixed assets	2,630	500,001

Wages and salaries	4,029,174	3,957,945
Social security costs	400,962	406,048
Cost of defined contribution scheme	94,832	66,346
	4,524,968	4,430,339

The average monthly number of employees, including the directors, during the year was as follows:

			2024	2023
			No.	No.

			54	52

Key management personnel (including directors) received remuneration of £77,938 (2023: £84,436).

Page 19

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Directors' remuneration
		2024	2023
		£	£

Directors' emoluments	52,242	60,655
	52,242	60,655

9.	Interest receivable
		2024	2023
		£	£

	Interest receivable	304,822	154,837
		304,822	154,837

Corporation tax
Current tax on profits for the year	1,353,647	1,474,018
	1,353,647	1,474,018

Total current tax	1,353,647	1,474,018

Page 20

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.Taxation (continued)

Profit on ordinary activities before tax

5,498,436

5,838,474

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.5%)	1,374,609	1,372,041
Effects of:
Expenses not deductible for tax purposes	1,266	248
Capital allowances for year in excess of depreciation	(14,634)	(22,333)
Changes in provisions leading to an increase (decrease) in the tax charge	(7,594)	5,274
Other differences leading to an increase (decrease) in the tax charge	-	118,788
Total tax charge for the year	1,353,647	1,474,018

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

11.	Dividends
		2024	2023
		£	£

	Dividends paid on ordinary shares	698,218	4,320,144
		698,218	4,320,144

Page 21

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.	Tangible fixed assets

	Plant and machinery	Office equipment	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	163,118	255,743	133,145	552,006
Additions	65,542	17,764	65,671	148,977
Disposals	-	(2,000)	(15,767)	(17,767)
At 31 December 2024	228,660	271,507	183,049	683,216
Depreciation
At 1 January 2024	67,945	227,217	76,683	371,845
Charge for the year on owned assets	43,285	9,190	43,867	96,342
Disposals	-	(2,000)	(15,767)	(17,767)
At 31 December 2024	111,230	234,407	104,783	450,420
Net book value
At 31 December 2024	117,430	37,100	78,266	232,796
At 31 December 2023	95,173	28,526	56,462	180,161

Page 22

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13.	Stocks
		2024	2023
		£	£

Work in progress on long term contracts	158,732	64,593
	158,732	64,593

Long-term contract balances consist of:
	2024	2023
	£	£


Costs to date less provision for losses	158,732	64,593
	158,732	64,593

14.

Debtors

					2024	2023
					£	£


Trade debtors	1,134,618	2,053,664
Amounts owed by group undertakings	878,606	-
Other debtors	1,868,598	2,836,325
Called up share capital not paid	510,122	510,122
Prepayments and accrued income	710,947	600,639
Amounts recoverable on long-term contracts	1,405,653	1,986,701
	6,508,544	7,987,451

15.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	6,158,968	9,058,435
	6,158,968	9,058,435

Page 23

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Payments received on account	282,511	363,946
Trade creditors	608,678	1,487,689
Amounts owed to group undertakings	1,159,842	3,671,332
Corporation tax	1,100,580	1,027,898
Other taxation and social security	166,499	643,916
Other creditors	222,469	66,944
Accruals and payment on account relating to LTC	1,092,416	5,063,587
	4,632,995	12,325,312

17.	Provisions

		Warranty provision
		£

	At 1 January 2024	408,707
	Charged to profit or loss	45,334
	Utilised in year	(31,188)
	At 31 December 2024	422,853

18.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

19,300 (2023 - 19,300) Ordinary A shares of £0.01 each	193	193
700 (2023 - 700) Ordinary T shares of £0.01 each	7	7
67 (2023 - 67) Ordinary Z shares of £1.00 each	67	67
40,117 (2023 - 40,117) Deferred A shares of £1.00 each	40,117	40,117
363,643 (2023 - 363,643) Deferred B shares of £1.00 each	363,643	363,643
1,200,000 (2023 - 1,200,000) Deferred C shares of £1.00 each	1,200,000	1,200,000

	1,604,027	1,604,027

The Deferred A-C shares and Ordinary Z shares are redeemable at any time at the the request of the Company. The holders have a right to request a redemption but the Company has an unconditional right to reject any such request if it sees fit.

Page 24

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

19.

Reserves

Share premium account

The share premium account represents the amount by which shares have been issued in excess of their nominal value.

Capital redemption reserve

The capital redemption reserve represents the amounts transferred following the redemption of the Company's own shares.

Profit and loss account

The profit and loss account reserve represents the cumulative retained profits generated by the Company since incorporation, less distributions.

20.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £94,832 (2023: £66,346). Contributions totalling £755 (2023: £29,620) were payable to the fund at the balance sheet date and are included in creditors.

Not later than 1 year	319,775	313,210
Later than 1 year and not later than 5 years	296,656	566,420
	616,431	879,630

22.	Related party transactions
	During the year the Company made sales to a fellow group company of £1,809,475 (£2,744,835) and purchases from a fellow group company of £1,264,034 (2023: £1,318,051). Amounts owed to group companies at 31 December 2024 were £1,159,842 (2023: £3,671,332). Amounts owed from group companies at 31 December 2024 were £878,606 (2023: £nil).

Page 25

COLORMINIUM (LONDON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

23.	Controlling party

CLL Group Holdings Limited, a company registered and incorporated in the United Kingdom, was the immediate and ultimate parent undertaking during the period. This is the parent of the smallest and largest group to draw up consolidated accounts which include this entity. The registered office of this company is 23 Springfield Lyons Approach, Springfield, Chelmsford, England, CM2 5LB.

Page 26