Company registration number 04710572 (England and Wales)
TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
128,924
183,080
Tangible assets
4
378,424
471,600
507,348
654,680
Current assets
Stocks
632,891
609,353
Debtors
5
3,219,123
1,784,116
Cash at bank and in hand
228,815
1,206,645
4,080,829
3,600,114
Creditors: amounts falling due within one year
6
(1,206,363)
(1,110,039)
Net current assets
2,874,466
2,490,075
Total assets less current liabilities
3,381,814
3,144,755
Provisions for liabilities
(94,606)
(115,081)
Net assets
3,287,208
3,029,674
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
3,287,108
3,029,574
Total equity
3,287,208
3,029,674

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 October 2025 and are signed on its behalf by:
P Dobson
Director
Company registration number 04710572 (England and Wales)
TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Talisman Group Rochester Ltd (formerly known as ICM (Plastic Moulding) Limited) is a private company limited by shares incorporated in England and Wales. The registered office is Eden Works, Blacknell Lane, Crewkerne, Somerset, TA18 7HE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Talisman Group Rochester Ltd (formerly known as ICM (Plastic Moulding) Limited) is a wholly owned subsidiary of Talisman Group Ltd (formerly known as Merriott Plastics Group Limited) and the results of Talisman Group Rochester Ltd (formerly known as ICM (Plastic Moulding) Limited) are included in the consolidated financial statements of the ultimate controlling party, Talisman Group Ltd which are available from Companies House.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

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

Short leasehold property improvements
Over the term of the lease
Plant and equipment
10-20% straight line
Fixtures, fittings and equipment
20% straight line
TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stock of raw materials is calculated using the average cost method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
42
41
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
541,556
Amortisation and impairment
At 1 April 2024
358,476
Amortisation charged for the year
54,156
At 31 March 2025
412,632
Carrying amount
At 31 March 2025
128,924
At 31 March 2024
183,080
TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
7,176
1,591,871
1,599,047
Additions
-
0
39,381
39,381
Disposals
-
0
(63,916)
(63,916)
At 31 March 2025
7,176
1,567,336
1,574,512
Depreciation and impairment
At 1 April 2024
7,176
1,120,271
1,127,447
Depreciation charged in the year
-
0
132,557
132,557
Eliminated in respect of disposals
-
0
(63,916)
(63,916)
At 31 March 2025
7,176
1,188,912
1,196,088
Carrying amount
At 31 March 2025
-
0
378,424
378,424
At 31 March 2024
-
0
471,600
471,600
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
887,282
693,570
Amounts owed by group undertakings
2,248,201
862,974
Prepayments and accrued income
83,640
227,572
3,219,123
1,784,116

Included within amounts due from group undertakings is £2,190,623 (2024: £862,974) owed by the parent company

Amounts due from group undertakings are interest free and repayable on demand.

TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
421,456
-
0
Trade creditors
494,673
652,618
Amounts owed to group undertakings
7,119
73,999
Corporation tax
21,845
139,580
Other taxation and social security
126,861
94,839
Accruals and deferred income
134,409
149,003
1,206,363
1,110,039

Bank loans and overdrafts of £421,456 (202 4: £nil) represent a funding facility which is secured by way of a charge against the assets of the company. The repayment terms are 120 days from receipt of funding.

Amounts due to group undertakings in the prior years is all due to the parent company.

Amounts due to group undertakings are interest free and repayable on demand.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 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.

Senior Statutory Auditor:
Susan Heard BSc BFP FCA
Statutory Auditor:
Black Fox Audit LLP
Date of audit report:
27 October 2025
TALISMAN GROUP ROCHESTER LTD (FORMERLY KNOWN AS ICM (PLASTIC MOULDING) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
9
Financial commitments, guarantees and contingent liabilities

The company has provided a cross-guarantee to the Group's bankers in respect of a funding facility and a loan.

As at 31 March 202 5 the amount owed by the rest of the Group in respect of the funding facility was £493,970 (202 4: £Nil).

As at 31 March 202 5 the amount owed by the rest of the Group in respect of the loan was £72,123 (202 4: £610,151).

10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
1,878,840
2,176,956
11
Related party transactions

The company has taken advantage of the exemption under the terms of FRS102 not to disclose related party transactions with wholly owned subsidiaries within the group.

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