REGISTERED NUMBER: NI017799 (Northern Ireland)

Financial Statements for the Year Ended 31 December 2024

for

Chemical Treatment Services (Ireland)

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Directors:

S P Fergusson

R C J Fergusson

J R Fergusson

G M Hartley

B P Hartley

A P Nicholls

Registered office:

Harbour Court

CTS House

9 Heron Road

Belfast

BT3 9HB

Registered number:

NI017799 (Northern Ireland)

Auditors:

Acre Accountancy Limited

Statutory Auditor

Certified Accountants

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,862

58,404

42,862

58,404

CURRENT ASSETS

Stocks

291,140

248,427

Debtors

1,303,711

756,268

Cash at bank and in hand

801,598

600,171

2,396,449

1,604,866

CREDITORS

Amounts falling due within one year

(1,169,600

)

(1,055,356

)

NET CURRENT ASSETS

1,226,849

549,510

TOTAL ASSETS LESS CURRENT LIABILITIES

1,269,711

607,914

PROVISIONS FOR LIABILITIES

(14,601

)

(14,601

)

NET ASSETS

1,255,110

593,313

CAPITAL AND RESERVES

Called up share capital

8

44

44

Capital redemption reserve

60

60

Retained earnings

1,255,006

593,209

SHAREHOLDERS' FUNDS

1,255,110

593,313

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

B P Hartley - Director

1.	STATUTORY INFORMATION

Chemical Treatment Services (Ireland) Limited is a private company, limited by shares , registered in Northern Ireland. 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" 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Turnover from the sale of goods is recognised when the significant risk and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has received delivery of the goods.

Rendering of Services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was amortised evenly over its estimated useful life of ten years and 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.

Plant and machinery

-

25% on cost and 10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 January 2024

and 31 December 2024

300,000

Amortisation

At 1 January 2024

and 31 December 2024

300,000

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 January 2024

201,183

Additions

6,131

Disposals

(77

)

At 31 December 2024

207,237

Depreciation

At 1 January 2024

142,779

Charge for year

21,596

At 31 December 2024

164,375

Net book value

At 31 December 2024

42,862

At 31 December 2023

58,404

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

84,569

68,257

Between one and five years

58,855

98,447

143,424

166,704

7.	SECURED DEBTS

The company entered into a security arrangement dated 29th January 2024 (the "debenture") as part of the Group bank arrangements, containing fixed and floating charges over the company's assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

41

Ordinary A

£1

41

41

3

Ordinary B

£1

3

3

44

44

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

The Report of the Auditors was unqualified.

Mr Mark Bevan FCCA (Senior Statutory Auditor)

for and on behalf of Acre Accountancy Limited

10.	RELATED PARTY DISCLOSURES

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.

11.	POST BALANCE SHEET EVENTS

HSL Compliance Group Limited prepares financial statements into which the results of the Company are consolidated. On 28 March 2025, 100% of the ordinary share capital of HSL Compliance Group Limited was purchased by Mariner Bidco Limited, an investment holding company ultimately controlled by IK Investment Partners AIFM, a private limited liability company incorporated in Luxembourg which acts as manager of the IK Small Cap III Fund No.1 SCSp and IK Small Cap III Fund No.2 SCSp.

The controlling party note reflects the above change in ultimate controlling party.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is HSL Compliance Holdings Limited.

The smallest group to consolidate these financial statements is HSL Compliance Group Limited, a company registered in England and Wales at Alton House Alton Business Park, Alton Road, Ross-On-Wye, Herefordshire, United Kingdom, HR9 5BP.

The largest group to consolidate these financial statements is Mariner Topco Limited, a company registered in England and Wales at Alton House Alton Business Park, Alton Road, Ross-On-Wye, Herefordshire, United Kingdom, HR9 5BP

The ultimate controlling party is IK Investment Partners AIFM, a private limited liability company incorporated in Luxembourg which acts as manager of the IK Small Cap III Fund No.1 SCSp and IK Small Cap III Fund No.2 SCSp.