Central Chemical Supplies Limited Company accounts

COMPANY REGISTRATION NUMBER: NI032489

Central Chemical Supplies Limited

Financial Statements

Year ended

31 March 2025

Central Chemical Supplies Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Strategic report	1

Directors' report	3

Independent auditor's report to the members	5

Income statement	10

Statement of financial position	11

Statement of changes in equity	12

Statement of cash flows	13

Notes to the financial statements	14

Central Chemical Supplies Limited

Strategic Report

Year ended 31 March 2025

The directors present the strategic report for the year ended 31st March 2025.

Principle activities

The principal activity of the company during the year was the manufacture and wholesale of industrial chemicals.

Review of the business

During the year, reported turnover increased marginally to £16,983,959 (2024: £16,889,931). The gross profit percentage decreased to 23.21% (2024: 24.11%), which reflects an increase in production input costs. Due to a combination of static sales levels and a decrease in gross profit percentage, the company experienced a decrease in its net profit before tax to £1,073,504 (2024: £1,485,945). We continue to drive new business opportunities whenever they arise.

Principal risks and uncertainties

The directors consider the principal risks and uncertainties to be: - Market price pressure due to energy price fluctuations - Raw material price fluctuations in the chemical industry global supply - Maintaining and sourcing adequate stock levels remains a number one objective - The company relies on a global supply chain, disruptions such as shipping delays, geopolitical tensions or increased tariffs could lead to higher costs and supply shortages potentially affecting our ability to meet customer demand. - The chemical industry faces growing pressure to adopt sustainable practices and reduce environmental impact. Failure to meet evolving environmental standards or to invest in sustainable technologies could damage the company's reputation and lead to regulatory penalties.

Financial key performance indicators

The company uses a range of performance measures to monitor and manage the business effectively. The most significant of these are the key performance indicators (KPISs) The KPIs for the year ended 31 March 2025 with comparatives for 2024 are summarised as follows:

	2025	2024
		£
Turnover	16,983,959	16,889,931
Profit before Tax	1,073,504	1,485,945
Gross Profit %	23	24

Future

We have invested and will continue to invest in upgrading our manufacturing facilities in order to enhance efficiency and reduce environmental impact aligning with our sustainability goals. The directors aim to maintain the policies which have previously served the company well in terms of sustained profitability. We remain optimistic about our ability to grow sales.

This report was approved by the board of directors on 17 December 2025 and signed on behalf of the board by:

Mr Alfred Desmond Savage	Mr Timothy Savage
Director	Director

Registered office:

44 Hall Road

Donaghcloney

Craigavon

Co. Armagh

BT66 7LJ

Central Chemical Supplies Limited

Directors' Report

Year ended 31 March 2025

The directors present their report and the financial statements of the company for the year ended 31 March 2025 .

Directors

The directors who served the company during the year were as follows:

Mr Alfred Desmond Savage
Mr Timothy Savage
Mr Evan Evans
Mrs Joanne Rowan

Dividends

Particulars of recommended dividends are detailed in note 13 to the financial statements.

Disclosure of information in the strategic report

The company has included it strategic report on page 1.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 17 December 2025 and signed on behalf of the board by:

Mr Alfred Desmond Savage	Mr Timothy Savage
Director	Director

Registered office:

44 Hall Road

Donaghcloney

Craigavon

Co. Armagh

BT66 7LJ

Central Chemical Supplies Limited

Independent Auditor's Report to the Members of Central Chemical Supplies Limited

Year ended 31 March 2025

Opinion

We have audited the financial statements of Central Chemical Supplies Limited (the 'company') for the year ended 31 March 2025 which comprise the income statement, statement of financial position, statement of changes in equity, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 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; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. The objectives of our audit in respect of fraud are to identify and assess the risk of material misstatement of the financial statements due to fraud through designing and implementing appropriate responses to those assessed risks and to respond appropriately to instances of fraud or suspected fraud identifies during the course of our audit. However the primary responsibility for the prevention and detection of of fraud rests with management and those charged with governance of the company. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements and discussed the policies and procedures regarding compliance. Specific areas considered were as follows: - the nature of the industry and sector, control environment and business performance. - Enquiring with management and others to gain an understanding of the organisation itself including operations, financial reporting and known fraud or error. - Evaluating and understanding the internal control system. - Performing analytical procedures as expected or unexpected variances in account balances or classes of transactions appear. - Testing documentation supporting account balances or classes of transactions. - The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, International Financial Reporting Standards and UK taxation legislation. Audit Response to Risks Identified Our procedures to respond to potential risks include the following: - reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of the most significant laws and regulations; - contacting company solicitors and enquiry of management regarding any actual or potential litigation and claims; - reviewing correspondence with HMRC, and - to address the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all audit team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected all irregularities including those leading to material misstatements in the financial statements or non-compliance with regulation, even though we have properly planned and performed our audit in accordance with auditing standards. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at https: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Casey FCA

(Senior Statutory Auditor)

For and on behalf of

Henry Murray & Company Ltd.

Chartered Accountants & Statutory Auditors

23 Church Place,

Lurgan,

Co. Armagh.

N. Ireland

BT66 6EY

17 December 2025

Central Chemical Supplies Limited

Income Statement

Year ended 31 March 2025

		2025	2024
Note		£	£
Turnover	4	16,983,959	16,889,931

Cost of sales	13,041,907	12,816,970
	-------------	-------------
Gross profit	3,942,052	4,072,961

Administrative expenses		2,879,109	2,576,827
Other operating income	5	791	539
		------------	------------
Operating profit	6	1,063,734	1,496,673

Other interest receivable and similar income	10	9,770	3,432
Interest payable and similar expenses	11	–	14,160
		------------	------------
Profit before taxation		1,073,504	1,485,945

Tax on profit	12	365,840	242,721
		------------	------------
Profit for the financial year		707,664	1,243,224
		------------	------------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Central Chemical Supplies Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	15	1,773,523	1,693,837

Current assets

Stocks	16	1,098,695	1,253,233
Debtors	17	2,888,985	2,763,184
Cash at bank and in hand		1,000,153	1,015,650
		------------	------------
		4,987,833	5,032,067

Creditors: amounts falling due within one year	18	1,418,826	2,179,429
		------------	------------
Net current assets		3,569,007	2,852,638
		------------	------------
Total assets less current liabilities		5,342,530	4,546,475

Creditors: amounts falling due after more than one year	19	81,056	81,056

Provisions

Taxation including deferred tax	20	259,590	119,199
		------------	------------
Net assets		5,001,884	4,346,220
		------------	------------

Capital and reserves

Called up share capital	23	100	100
Profit and loss account		5,001,784	4,346,120
		------------	------------
Shareholders funds		5,001,884	4,346,220
		------------	------------

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

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mr Alfred Desmond Savage	Mr Timothy Savage
Director	Director

Company registration number: NI032489

Central Chemical Supplies Limited

Statement of Changes in Equity

Year ended 31 March 2025

		Called up share capital	Profit and loss account	Total
		£	£	£
At 1 April 2023		100	3,169,896	3,169,996

Profit for the year			1,243,224	1,243,224
		----	------------	------------
Total comprehensive income for the year		–	1,243,224	1,243,224

Dividends paid and payable	13	–	( 67,000)	( 67,000)
		----	------------	------------
Total investments by and distributions to owners		–	( 67,000)	( 67,000)

At 31 March 2024		100	4,346,120	4,346,220

Profit for the year			707,664	707,664
		----	------------	------------
Total comprehensive income for the year		–	707,664	707,664

Dividends paid and payable	13	–	( 52,000)	( 52,000)
		----	--------	--------
Total investments by and distributions to owners		–	( 52,000)	( 52,000)

		----	------------	------------
At 31 March 2025		100	5,001,784	5,001,884
		----	------------	------------

Central Chemical Supplies Limited

Statement of Cash Flows

Year ended 31 March 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	707,664	1,243,224

Adjustments for:
Depreciation of tangible assets	318,888	186,935
Other interest receivable and similar income	( 9,770)	( 3,432)
Interest payable and similar expenses	–	14,160
Gains on disposal of tangible assets	( 773)	–
Tax on profit	365,840	242,721
Accrued expenses	13,908	75,712

Changes in:
Stocks	154,538	167,976
Trade and other debtors	( 125,801)	( 241,850)
Trade and other creditors	( 814,452)	648,019
	---------	------------
Cash generated from operations	610,042	2,333,465

Interest paid	–	( 14,160)
Interest received	9,770	3,432
Tax paid	( 185,508)	( 142,700)
	---------	------------
Net cash from operating activities	434,304	2,180,037
	---------	------------

Cash flows from investing activities

Purchase of tangible assets	( 400,301)	( 642,198)
Proceeds from sale of tangible assets	2,500	–
	---------	------------
Net cash used in investing activities	( 397,801)	( 642,198)
	---------	------------

Cash flows from financing activities

Payments of finance lease liabilities	–	( 58,238)
Dividends paid	( 52,000)	( 67,000)
	---------	------------
Net cash used in financing activities	( 52,000)	( 125,238)
	---------	------------

Net (decrease)/increase in cash and cash equivalents	( 15,497)	1,412,601
Cash and cash equivalents at beginning of year	1,015,650	(396,951)
	------------	------------
Cash and cash equivalents at end of year	1,000,153	1,015,650
	------------	------------

Central Chemical Supplies Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 44 Hall Road, Donaghcloney, Craigavon, Co. Armagh, BT66 7LJ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	Fully Amortised
Purchased Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property	-	2% straight line
Plant and Machinery	-	25% reducing balance
Fixtures and Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

	Equipment and Software	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	16,983,959	16,889,931
	-------------	-------------

The turnover is attributable to the one principal activity of the company. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025	2024
	£	£
United Kingdom	10,289,953	10,833,931
Overseas	6,694,006	6,056,000
	-------------	-------------
	16,983,959	16,889,931
	-------------	-------------

5. Other operating income

	2025	2024
	£	£
Other operating income	791	539
	----	----

6. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	318,888	186,935
Gains on disposal of tangible assets	( 773)	–
Impairment of trade debtors	4,249	605
Foreign exchange differences	37,892	27,124
	---------	---------

7. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	15,000	15,000
	--------	--------

8. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	13	12
Distribution staff	5	5
Administrative staff	5	5
Management staff	5	6
Number of laboratory staff	3	3
Number of yard staff	3	2
Number of sales staff	1	1
	----	----
	35	34
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	1,304,858	1,300,692
Social security costs	137,958	137,311
Other pension costs	63,912	3,742
	------------	------------
	1,506,728	1,441,745
	------------	------------

9. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	482,068	445,460
	---------	---------

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	165,812	153,530
	---------	---------

10. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	9,770	2,877
Other interest receivable and similar income	–	555
	-------	-------
	9,770	3,432
	-------	-------

11. Interest payable and similar expenses

	2025	2024
	£	£
Interest on obligations under finance leases and hire purchase contracts	–	2,970
Invoice Financing Interest Charges	–	11,190
	----	--------
	–	14,160
	----	--------

12. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	253,089	265,557
Adjustments in respect of prior periods	( 27,640)	( 51,808)
	---------	---------
Total current tax	225,449	213,749
	---------	---------

Deferred tax:

Origination and reversal of timing differences	140,391	28,972
	---------	---------
Tax on profit	365,840	242,721
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	1,073,504	1,485,945
	------------	------------
Profit on ordinary activities by rate of tax	268,376	371,486
Adjustment to tax charge in respect of prior periods	( 27,640)	( 51,808)
Effect of expenses not deductible for tax purposes	124,479	( 77,568)
Effect of capital allowances and depreciation	625	611
	------------	------------
Tax on profit	365,840	242,721
	------------	------------

13. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	52,000	67,000
	--------	--------

14. Intangible assets

	Goodwill	Purchased Goodwill	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	150,000	50,844	200,844
	---------	--------	---------
Amortisation
At 1 April 2024 and 31 March 2025	150,000	50,844	200,844
	---------	--------	---------
Carrying amount
At 31 March 2025	–	–	–
	---------	--------	---------
At 31 March 2024	–	–	–
	---------	--------	---------

15. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	940,607	2,064,666	44,888	64,495	29,934	3,144,590
Additions	–	373,253	–	22,625	4,423	400,301
Disposals	–	–	–	( 14,700)	–	( 14,700)
	---------	------------	--------	--------	--------	------------
At 31 Mar 2025	940,607	2,437,919	44,888	72,420	34,357	3,530,191
	---------	------------	--------	--------	--------	------------
Depreciation
At 1 Apr 2024	206,365	1,145,120	44,529	33,356	21,383	1,450,753
Charge for the year	18,812	289,161	90	8,595	2,230	318,888
Disposals	–	–	–	( 12,973)	–	( 12,973)
	---------	------------	--------	--------	--------	------------
At 31 Mar 2025	225,177	1,434,281	44,619	28,978	23,613	1,756,668
	---------	------------	--------	--------	--------	------------
Carrying amount
At 31 Mar 2025	715,430	1,003,638	269	43,442	10,744	1,773,523
	---------	------------	--------	--------	--------	------------
At 31 Mar 2024	734,242	919,546	359	31,139	8,551	1,693,837
	---------	------------	--------	--------	--------	------------

16. Stocks

	2025	2024
	£	£
Raw materials and consumables	1,098,695	1,253,233
	------------	------------

17. Debtors

	2025	2024
	£	£
Trade debtors	2,663,686	2,523,180
Prepayments and accrued income	71,092	121,608
Directors loan account	78,675	51,430
Other debtors	75,532	66,966
	------------	------------
	2,888,985	2,763,184
	------------	------------

18. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	933,837	1,608,170
Accruals and deferred income	200,640	186,732
Corporation tax	253,089	213,148
Social security and other taxes	31,260	104,133
Other creditors	–	67,246
	------------	------------
	1,418,826	2,179,429
	------------	------------

Danske Bank hold the following security: - Fixed Charge over Book Debts - Floating Charge over assets and undertakings of the company - Legal Mortgage over commercial premises 44 Hall Road, Donaghcloney - Guarantees for HMRC totalling £44,000

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

	2025	2024
	£	£
Accruals and deferred income	80,000	80,000
Other creditors	1,056	1,056
	--------	--------
	81,056	81,056
	--------	--------

20. Provisions

	Deferred tax (note 21)
	£
At 1 April 2024	119,199
Additions	140,391
	---------
At 31 March 2025	259,590
	---------

21. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 20)	259,590	119,199
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	259,590	119,199
	---------	---------

22. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 63,912 (2024: £ 3,742 ).

23. Called up share capital

Issued, called up and fully paid

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

24. Analysis of changes in net debt

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	1,015,650	(15,497)	1,000,153
	------------	--------	------------

25. Directors' advances, credits and guarantees

The following loans to directors were outstanding during the year Name Nature Opening Closing Highest Balance Balance Balance During Year £ £ £ Mr AD Savage Personal 51,430 78,675 78,675 Interest at 2.25% was charged on this loan. This loan was repaid in full in April 2025.

Central Chemical Supplies Limited

Notes to the Financial Statements (continued)

Year ended 31 March 2025

26. Related party transactions

The company was under the control of Mr Alfred Desmond Savage throughout the accounting period. No related party transactions occurred during the year that require disclosure under FRS 102