Collins Chemical Blacking Limited

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 6

Collins Chemical Blacking Limited

(Registration number: 6790005)
Statement of financial position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	237,500	285,000
Tangible assets	6	387,675	386,051
		625,175	671,051
Current assets
Debtors	7	823,422	995,742
Cash at bank and in hand		3,841,330	3,275,108
		4,664,752	4,270,850
Creditors: Amounts falling due within one year	8	(443,699)	(491,847)
Net current assets		4,221,053	3,779,003
Total assets less current liabilities		4,846,228	4,450,054
Provisions for liabilities		(11,290)	(10,884)
Net assets		4,834,938	4,439,170
Capital and reserves
Called up share capital	9	100	100
Retained earnings		4,834,838	4,439,070
Shareholders' funds		4,834,938	4,439,170

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 16 September 2025
 

......................................... Mr P Burton Director

Collins Chemical Blacking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

These financial statements were authorised for issue by the director on 16 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Collins Chemical Blacking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Commercial vehicles	20% per annum on reducing balance
Plant & equipment	33% per annum on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 8).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	10,760	10,669
Amortisation expense	47,500	47,500

Collins Chemical Blacking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	475,000	475,000
At 31 March 2025	475,000	475,000
Amortisation
At 1 April 2024	190,000	190,000
Amortisation charge	47,500	47,500
At 31 March 2025	237,500	237,500
Carrying amount
At 31 March 2025	237,500	237,500
At 31 March 2024	285,000	285,000

6	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	342,515	10,214	61,770	414,499
Additions	-	-	23,379	23,379
Disposals	-	-	(20,447)	(20,447)
At 31 March 2025	342,515	10,214	64,702	417,431
Depreciation
At 1 April 2024	-	4,782	23,666	28,448
Charge for the year	-	1,810	8,949	10,759
Eliminated on disposal	-	-	(9,451)	(9,451)
At 31 March 2025	-	6,592	23,164	29,756
Carrying amount
At 31 March 2025	342,515	3,622	41,538	387,675
At 31 March 2024	342,515	5,432	38,104	386,051

Included within the net book value of land and buildings above is £342,515 (2024 - £342,515) in respect of freehold land and buildings.
 

Collins Chemical Blacking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	561,834	748,841
Prepayments	2,981	8,682
Other debtors	258,607	238,219
	823,422	995,742

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	94,514	94,685
Taxation and social security	342,870	392,626
Accruals and deferred income	4,500	4,200
Other creditors	1,815	336
	443,699	491,847

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £43,872 (2024 - £1,806).

Collins Chemical Blacking Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr P Burton
Directors loan at 2.25% per annum	164,623	210,407	(164,623)	210,407

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Mr P Burton
Directors loan at 2.25% per annum	(1,607)	496,230	(330,000)	164,623