REGISTERED NUMBER: 10956835 (England and Wales)

Cleanux Chemicals Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr C H Matur

Mr M S Ucar

SECRETARY:

Mrs V Patel

REGISTERED OFFICE:

Markays House

Gordon Road

Waltham Abbey

London

EN9 1AF

REGISTERED NUMBER:

10956835 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cleanux Chemicals Ltd for the year ended 31 March 2025 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cleanux Chemicals Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cleanux Chemicals Ltd and state those matters that we have agreed to state to the Board of Directors of Cleanux Chemicals Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cleanux Chemicals Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cleanux Chemicals Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cleanux Chemicals Ltd. You consider that Cleanux Chemicals Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cleanux Chemicals Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

30 December 2025

FIXED ASSETS

Property, plant and equipment

4

123,710

107,472

CURRENT ASSETS

Inventories

5

153,103

129,417

Debtors

6

712,000

421,767

Cash at bank and in hand

50,123

15,730

915,226

566,914

CREDITORS

Amounts falling due within one year

7

1,450,771

1,147,738

NET CURRENT LIABILITIES

(535,545

)

(580,824

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(411,835

)

(473,352

)

CREDITORS

Amounts falling due after more than one year

8

(15,528

)

(35,636

)

PROVISIONS FOR LIABILITIES

9

(14,174

)

(6,436

)

NET LIABILITIES

(441,537

)

(515,424

)

CAPITAL AND RESERVES

Called up share capital

10

120,000

120,000

Retained earnings

11

(561,537

)

(635,424

)

SHAREHOLDERS' FUNDS

(441,537

)

(515,424

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Mr M S Ucar - Director

Mr C H Matur - Director

1.	STATUTORY INFORMATION

Cleanux Chemicals Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the customer takes delivery of the goods and it is derived form the ordinary activities of the business.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost of stocks is valued using the first in first out stock valuation method. Net realisable value is the estimated selling price less cost to sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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.

Going concern

The company is dependent on the financial support from the directors of the company. The directors expect that this support will continue. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 10 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

268,410

6,808

25,057

300,275

Additions

18,593

1,799

37,083

57,475

At 31 March 2025

287,003

8,607

62,140

357,750

DEPRECIATION

At 1 April 2024

170,496

4,297

18,010

192,803

Charge for year

29,127

1,078

11,032

41,237

At 31 March 2025

199,623

5,375

29,042

234,040

NET BOOK VALUE

At 31 March 2025

87,380

3,232

33,098

123,710

At 31 March 2024

97,914

2,511

7,047

107,472

5.	INVENTORIES

2025

2024

£

£

Stocks

230

-

Finished goods

152,873

129,417

153,103

129,417

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

544,865

313,194

Other debtors

14,500

6,500

Rent deposit

-

13,750

Tax

14,825

-

Prepayments

137,810

88,323

712,000

421,767

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

27,146

28,470

Hire purchase contracts

12,833

-

Trade creditors

871,736

313,141

Lloyds Invoice Finance

-

36,442

Holland Bazaar Ltd

301,580

301,580

Stablewood Ltd

50,000

50,000

Social security and other taxes

82,356

105,510

H B Properties N17 Ltd

-

200,000

VAT

53,016

52,408

Pensions control account

4,422

933

Directors' current accounts

36,787

48,987

Accrued expenses

10,895

10,267

1,450,771

1,147,738

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,606

27,870

Bank loans - 2-5 years

-

7,766

Hire purchase contracts

10,922

-

15,528

35,636

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

14,174

6,436

Deferred

tax

£

Balance at 1 April 2024

6,436

Charge to Income Statement during year

7,738

Balance at 31 March 2025

14,174

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

120,000

Ordinary

£1

120,000

120,000

11.

RESERVES

Retained

earnings

£

At 1 April 2024

(635,424

)

Profit for the year

73,887

At 31 March 2025

(561,537

)

12.	RELATED PARTY DISCLOSURES

Included within creditors, is an amount of £301,580 (2024 - £301,580) due to the related parties at the balance sheet date.

Also, the related party charged a rent of £200,000 per annum for using its premises.