REGISTERED NUMBER: 04791302 (England and Wales)

Financial Statements For The Year Ended 31 March 2025

for

ICI Caldaie Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

G Ashe

A Zerbinato

S McColl

L M O'Neill

Mrs A J Hobbs

REGISTERED OFFICE:

5 Berrington Road

Leamington Spa

England

CV31 1NB

REGISTERED NUMBER:

04791302 (England and Wales)

INDEPENDENT AUDITORS:

Robb Ferguson

Chartered Accountants & Statutory Auditors

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Tangible assets

5

545

371

CURRENT ASSETS

Stocks

70,364

50,773

Debtors

490,532

172,214

Cash at bank

183,215

15,323

744,111

238,310

CREDITORS

Amounts falling due within one year

763,686

332,541

NET CURRENT LIABILITIES

(19,575

)

(94,231

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,030

)

(93,860

)

CAPITAL AND RESERVES

Called up share capital

56,500

56,500

Retained earnings

(75,530

)

(150,360

)

SHAREHOLDERS' FUNDS

(19,030

)

(93,860

)

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 Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

S McColl - Director

1.	STATUTORY INFORMATION

ICI Caldaie 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on the going concern basis.

The Directors consider that the going concern basis is appropriate as although the company has net current liabilities at the statement of financial position date, the company is part of a group and related parties have confirmed that they will continue to provide further support as required, and for at least 12 months from the date of signing of the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33.33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2024 - 2 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

5,426

4,522

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,018

Additions

710

At 31 March 2025

1,728

DEPRECIATION

At 1 April 2024

647

Charge for year

536

At 31 March 2025

1,183

NET BOOK VALUE

At 31 March 2025

545

At 31 March 2024

371

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

The Report of the Auditors was unqualified.

Janice Alexander (Senior Statutory Auditor)

for and on behalf of Robb Ferguson

7.	RELATED PARTY DISCLOSURES

The amount due to Torishima Service Solutions Europe Limited (80% owner and company with common directors, is £110,752 (2024 - £144,136).

The amount due to ICI Caldaie S.P.A (a company with 20% ownership), is £281,546 (2024 - £45,409).

During the year £8,000 of consultancy fees were paid to a director (2024 - £12,623)

8.	ULTIMATE CONTROLLING PARTY