Company registration number 03667213 (England and Wales)
KALIMEX LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
One Bell Lane
Lewes
East Sussex
BN7 1JU
KALIMEX LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
KALIMEX LTD
COMPANY INFORMATION
- 1 -
Directors
Mr M P Schlup
Mrs D T Schlup
Secretary
Mrs A C Schlup
Company number
03667213
Registered office
One Bell Lane
Lewes
East Sussex
BN7 1JU
Accountants
TC Group
One Bell Lane
Lewes
East Sussex
BN7 1JU
KALIMEX LTD
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,684
4,116
Investments
4
360,267
344,755
362,951
348,871
Current assets
Stocks
248,019
284,500
Debtors
5
1,124,595
1,110,737
Cash at bank and in hand
1,171,600
1,226,318
2,544,214
2,621,555
Creditors: amounts falling due within one year
6
(224,396)
(339,240)
Net current assets
2,319,818
2,282,315
Total assets less current liabilities
2,682,769
2,631,186
Provisions for liabilities
(23,146)
(23,618)
Net assets
2,659,623
2,607,568
Capital and reserves
Called up share capital
7
3,600
3,600
Revaluation reserve
61,227
61,227
Profit and loss reserves
2,594,796
2,542,741
Total equity
2,659,623
2,607,568
KALIMEX LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 3 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 January 2026 and are signed on its behalf by:
Mr M P Schlup
Director
Company registration number 03667213 (England and Wales)
KALIMEX LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
1
Accounting policies
Company information

Kalimex Ltd is a private company limited by shares incorporated in England and Wales. The registered office is One Bell Lane, Lewes, East Sussex, BN7 1JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the sale of motor oils in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
3 years straight line

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.

KALIMEX LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Fixed asset investments

Investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in other comprehensive income except to the extent that a gain reverses a loss previously recognised in profit or loss, or a loss exceeds the accumulated gains recognised in equity; such gains and loss are recognised in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

KALIMEX LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

KALIMEX LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 7 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
7
KALIMEX LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
3
Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 June 2024
24,895
Additions
1,011
At 31 May 2025
25,906
Depreciation and impairment
At 1 June 2024
20,779
Depreciation charged in the year
2,443
At 31 May 2025
23,222
Carrying amount
At 31 May 2025
2,684
At 31 May 2024
4,116
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
75
75
Other investments other than loans
360,192
344,680
360,267
344,755
Fixed asset investments revalued

The investments have been included at market value at the balance sheet date as valued by the stock broker, Millen Griffiths. The historical cost of the investments is £260,909 (2024 - £2 60,909).

KALIMEX LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
4
Fixed asset investments
(Continued)
- 9 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 June 2024
75
344,680
344,755
Valuation changes
-
15,512
15,512
At 31 May 2025
75
360,192
360,267
Carrying amount
At 31 May 2025
75
360,192
360,267
At 31 May 2024
75
344,680
344,755
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
502,359
477,085
Corporation tax recoverable
2,502
2,502
Amounts owed by group undertakings
603,266
590,066
Other debtors
16,468
41,084
1,124,595
1,110,737
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,783
84,743
Corporation tax
122,861
171,441
Other taxation and social security
69,722
71,160
Other creditors
18,030
11,896
224,396
339,240
KALIMEX LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 10 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
2
2
2
2
B Ordinary shares of £1 each
49
49
49
49
C Ordinary shares of £1 each
49
49
49
49
100
100
100
100
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Class E shares of 1p each
150,000
150,000
1,500
1,500
Class P shares of 1p each
200,000
200,000
2,000
2,000
350,000
350,000
3,500
3,500
Preference shares classified as equity
3,500
3,500
Total equity share capital
3,600
3,600
2025-05-31 2024-06-01 false false false 27 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr M P Schlup Mrs D T Schlup Mrs A C Schlup 03667213 2024-06-01 2025-05-31 03667213 bus:Director1 2024-06-01 2025-05-31 03667213 bus:Director2 2024-06-01 2025-05-31 03667213 bus:CompanySecretary1 2024-06-01 2025-05-31 03667213 bus:RegisteredOffice 2024-06-01 2025-05-31 03667213 2025-05-31 03667213 2024-05-31 03667213 core:FurnitureFittings 2025-05-31 03667213 core:FurnitureFittings 2024-05-31 03667213 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 03667213 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 03667213 core:CurrentFinancialInstruments 2025-05-31 03667213 core:CurrentFinancialInstruments 2024-05-31 03667213 core:ShareCapital 2025-05-31 03667213 core:ShareCapital 2024-05-31 03667213 core:RevaluationReserve 2025-05-31 03667213 core:RevaluationReserve 2024-05-31 03667213 core:RetainedEarningsAccumulatedLosses 2025-05-31 03667213 core:RetainedEarningsAccumulatedLosses 2024-05-31 03667213 core:ShareCapitalOrdinaryShareClass1 2025-05-31 03667213 core:ShareCapitalOrdinaryShareClass1 2024-05-31 03667213 core:ShareCapitalOrdinaryShareClass2 2025-05-31 03667213 core:ShareCapitalOrdinaryShareClass2 2024-05-31 03667213 core:ShareCapitalOrdinaryShareClass3 2025-05-31 03667213 core:ShareCapitalOrdinaryShareClass3 2024-05-31 03667213 core:ShareCapitalOrdinaryShares 2025-05-31 03667213 core:ShareCapitalOrdinaryShares 2024-05-31 03667213 core:ShareCapitalPreferenceShareClass1 2025-05-31 03667213 core:ShareCapitalPreferenceShareClass1 2024-05-31 03667213 core:ShareCapitalPreferenceShareClass2 2025-05-31 03667213 core:ShareCapitalPreferenceShareClass2 2024-05-31 03667213 core:ShareCapitalPreferenceShares 2025-05-31 03667213 core:ShareCapitalPreferenceShares 2024-05-31 03667213 core:FurnitureFittings 2024-06-01 2025-05-31 03667213 2023-06-01 2024-05-31 03667213 core:FurnitureFittings 2024-05-31 03667213 core:Non-currentFinancialInstruments 2025-05-31 03667213 core:Non-currentFinancialInstruments 2024-05-31 03667213 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 03667213 bus:OrdinaryShareClass2 2024-06-01 2025-05-31 03667213 bus:OrdinaryShareClass3 2024-06-01 2025-05-31 03667213 bus:PreferenceShareClass1 2024-06-01 2025-05-31 03667213 bus:PreferenceShareClass2 2024-06-01 2025-05-31 03667213 bus:OrdinaryShareClass1 2025-05-31 03667213 bus:OrdinaryShareClass1 2024-05-31 03667213 bus:OrdinaryShareClass2 2025-05-31 03667213 bus:OrdinaryShareClass2 2024-05-31 03667213 bus:OrdinaryShareClass3 2025-05-31 03667213 bus:OrdinaryShareClass3 2024-05-31 03667213 bus:AllOrdinaryShares 2025-05-31 03667213 bus:AllOrdinaryShares 2024-05-31 03667213 bus:PreferenceShareClass1 2025-05-31 03667213 bus:PreferenceShareClass1 2024-05-31 03667213 bus:PreferenceShareClass2 2025-05-31 03667213 bus:PreferenceShareClass2 2024-05-31 03667213 bus:AllPreferenceShares 2025-05-31 03667213 bus:AllPreferenceShares 2024-05-31 03667213 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03667213 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 03667213 bus:FRS102 2024-06-01 2025-05-31 03667213 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 03667213 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP