REGISTERED NUMBER: 00740947 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WITTON CHEMICAL CO.LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G M Banks

A Wrench

REGISTERED OFFICE:

Southgate Avenue

Mildenhall

Bury St. Edmunds

Suffolk

IP28 7AT

REGISTERED NUMBER:

00740947 (England and Wales)

AUDITORS:

Thompson Taraz Rand Audit and Assurance Limited

Statutory Auditors

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

2,194,064

2,239,036

CURRENT ASSETS

Stocks

882,661

951,349

Debtors

6

2,860,748

2,594,913

Cash and cash equivalents

2,386,374

1,411,933

6,129,783

4,958,195

CREDITORS

Amounts falling due within one year

7

(1,532,728

)

(852,108

)

NET CURRENT ASSETS

4,597,055

4,106,087

TOTAL ASSETS LESS CURRENT LIABILITIES

6,791,119

6,345,123

PROVISIONS FOR LIABILITIES

9

(412,501

)

(415,856

)

NET ASSETS

6,378,618

5,929,267

CAPITAL AND RESERVES

Called up share capital

10

5,211

5,211

Share premium

24,289

24,289

Retained earnings

6,349,118

5,899,767

SHAREHOLDERS' FUNDS

6,378,618

5,929,267

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 profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

G M Banks - Director

1.	STATUTORY INFORMATION

Witton Chemical Co.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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

Useful economic lives of tangible fixed assets:

Tangible fixed assets are depreciated over their expected useful lives taking into consideration residual values, where appropriate. The actual lives of the assets and residual values are assessed and amended when necessary to reflect the current estimates based on economic utilisation and physical condition of the assets.

Doubtful debts:

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade debtors , management considers factors including the current credit rating of the debtor, the ageing of the debtor and historical experience regarding payment history.

Turnover

Sales of finished goods are recognised net of value added tax when significant risk and rewards have been transferred to the customer, through the completion of contractual obligations to manufacture a specialised chemical, which is usually when the company has dispatched the goods to the customer.

Tangible fixed assets

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.

Land and buildings - 2% on cost

Plant and machinery etc - 25% on cost and 5.5%, 10%, 20%, 25%

All fixed assets are initially recorded at cost together with any finance costs associated with bringing the asset into use.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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 material 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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.

Provision for liabilities and charges

The company is exposed to environmental liabilities relating to its past operations, principally in respect of soil remediation and ground water costs. Provision for these costs are made when expenditure on remedial work is probable and the costs can be estimated within a reasonable range of possible outcomes.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 37 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,048,266

7,417,796

8,466,062

Additions

5,550

176,835

182,385

At 31 March 2025

1,053,816

7,594,631

8,648,447

DEPRECIATION

At 1 April 2024

434,451

5,792,575

6,227,026

Charge for year

20,003

207,354

227,357

At 31 March 2025

454,454

5,999,929

6,454,383

NET BOOK VALUE

At 31 March 2025

599,362

1,594,702

2,194,064

At 31 March 2024

613,815

1,625,221

2,239,036

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,516,442

1,051,297

Other debtors

1,344,306

1,543,616

2,860,748

2,594,913

Included within debtors is advance corporation tax of £143,311 (2024: £143,311) recoverable when the advances made to the directors as detailed at note 13 and 14 are repaid to the company.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

753,593

614,612

Taxation and social security

157,744

49,965

Other creditors

621,391

187,531

1,532,728

852,108

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

5,754

5,754

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

412,501

415,856

Deferred

tax

£

Balance at 1 April 2024

415,856

Credit to profit and loss account during year

(3,355

)

Balance at 31 March 2025

412,501

Deferred tax is recognised in respect of the excess of capital allowances over depreciation.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,211

Ordinary

£1

5,211

5,211

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

The Report of the Auditors was unqualified.

Andrew Rand BA FCA (Senior Statutory Auditor)

for and on behalf of Thompson Taraz Rand Audit and Assurance Limited

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

G M Banks

Balance outstanding at start of year

-

7,552

Amounts repaid

-

(7,552

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

A Wrench

Balance outstanding at start of year

406,797

-

Amounts advanced

8,825

406,797

Amounts repaid

(14,539

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

401,083

406,797

13.	RELATED PARTY DISCLOSURES

Shown within other debtors due in less than one year are advances paid to the directors. The amounts repayable to the company at the balance sheet date amount to £401,083 (2024: £564,924). These amounts are repayable on demand and include interest charged, which amounted to £8,825 (2024: £8,504).

At the balance sheet date, an amount of £125,180 (2024:£158,126) was due from the estate of a former director who passed away during the prior year. The loan was originally advanced on an interest-bearing basis; no further interest has been charged since the date of death. The directors are in discussion with the executor regarding repayment. As part of this discussion interest charged on the loan of £32,946 has been waived post year end. The deceased director was a sister of the two remaining directors.

Also included in other debtors is loan made to a company incorporated in Cyprus that is controlled by the son of a director and amounted to £145,484 (£143,835). Interest amounting to £7,277 (2024: £5,712) has been charged to the financial statements.

Key Management Personnel Compensation:

The amount of remuneration paid to key management personnel amounted to £1,009,420 (2024: £1,106,078).

14.	CONTINGENCIES

The company is subject to contingencies arising from environmental laws and regulations, with provisions established according to the accounting policy disclosed. Having commissioned extensive site surveys from expert consultants, and having co-operated fully with regulatory authorities in undertaking the remedial work, the company is not aware of any significant outstanding requirements. Consequently no additional liability is included in these accounts.