Company No: 00939450 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Malcolm Philip Franklin
	Philippa Jane Franklin
	John David Taylor (Resigned 17 October 2025)

SECRETARY

Philippa Jane Franklin

REGISTERED OFFICE	Gemini Works Haltwhistle Industrial Estate
	Haltwhistle
	Northumberland
	NE49 9HA
	United Kingdom

COMPANY NUMBER

00939450 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	608,188		609,481
Investments	4	29,492		29,492
		637,680		638,973
Current assets
Stocks		1,160,902		978,049
Debtors	5	1,149,303		1,230,253
Cash at bank and in hand		352,805		358,037
		2,663,010		2,566,339
Creditors: amounts falling due within one year	6	( 454,665)		( 575,289)
Net current assets		2,208,345		1,991,050
Total assets less current liabilities		2,846,025		2,630,023
Creditors: amounts falling due after more than one year	7	( 148,542)		( 45,557)
Provision for liabilities		( 151,916)		( 154,009)
Net assets		2,545,567		2,430,457
Capital and reserves
Called-up share capital		150,000		150,000
Profit and loss account		2,395,567		2,280,457
Total shareholder's funds		2,545,567		2,430,457

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Agma Limited (registered number: 00939450) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

Malcolm Philip Franklin Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Agma Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gemini Works Haltwhistle Industrial Estate, Haltwhistle, Northumberland, NE49 9HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Agma Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the manufacture of chemical products is recognised when the goods are physically delivered to the customer.

Employee benefits

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

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

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	8 years straight line
Plant and machinery etc.	4 years straight line
	13 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments in subsidiary undertakings are accounted for at cost less impairment in the individual financial statements. Dividends are recognised in the profit and loss account when the right to receive payment is established.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Related party exemption

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 companies within the group.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	30		31

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 September 2024	112,794		1,404,689		1,517,483
Additions	55,078		69,332		124,410
Disposals	0		( 959)		( 959)
At 31 August 2025	167,872		1,473,062		1,640,934
Accumulated depreciation
At 01 September 2024	109,450		798,552		908,002
Charge for the financial year	0		125,700		125,700
Disposals	0		( 956)		( 956)
At 31 August 2025	109,450		923,296		1,032,746
Net book value
At 31 August 2025	58,422		549,766		608,188
At 31 August 2024	3,344		606,137		609,481

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 September 2024	29,492
At 31 August 2025	29,492
Carrying value at 31 August 2025	29,492
Carrying value at 31 August 2024	29,492

5. Debtors

	2025		2024
	£		£
Trade debtors	470,435		555,162
Amounts owed by Group undertakings	369,903		339,325
Other debtors	308,965		335,766
	1,149,303		1,230,253

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	298,159		450,688
Taxation and social security	75,700		61,691
Obligations under finance leases and hire purchase contracts (secured)	19,838		0
Other creditors	60,968		62,910
	454,665		575,289

The finance lease liability is secured against the assets to which they relate. The net book value of the fixed assets held under finance lease at 31 August 2025 was £120,401 (2024 - £Nil).

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	48,061		0
Other creditors	100,481		45,557
	148,542		45,557

The finance lease liability is secured against the assets to which they relate. The net book value of the fixed assets held under finance lease at 31 August 2025 was £120,401 (2024 - £Nil).

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	58,486		58,486
between one and five years	6,080		64,566
Total future minimum lease payments under non-cancellable operating leases	64,566		123,052

9. Ultimate controlling party

Parent Company:

AGMA Holdings Limited

Gemini Works Haltwhistle Industrial Estate, Haltwhistle, Northumberland, United Kingdom, NE49 9HA