Cumberland Electrochemical Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00465980

Cumberland Electrochemical Ltd

Filleted Unaudited Financial Statements

31 December 2025

Cumberland Electrochemical Ltd

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	12,043	14,995
Tangible assets	6	10,368	16,661
		--------	--------
		22,411	31,656

Current assets

Stocks		195,029	165,721
Debtors	7	2,569,728	2,685,452
Cash at bank and in hand		931,048	667,028
		------------	------------
		3,695,805	3,518,201

Creditors: amounts falling due within one year	8	446,522	385,375
		------------	------------
Net current assets		3,249,283	3,132,826
		------------	------------
Total assets less current liabilities		3,271,694	3,164,482
		------------	------------
Net assets		3,271,694	3,164,482
		------------	------------

Capital and reserves

Called up share capital	1,111	1,111
Share premium account	5,352,330	5,352,330
Profit and loss account	( 2,081,747)	( 2,188,959)
	------------	------------
Shareholders funds	3,271,694	3,164,482
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Cumberland Electrochemical Ltd

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mr S Lakshmanan

Director

Company registration number: 00465980

Cumberland Electrochemical Ltd

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Bignell Park Barns, Chesterton, OX26 1TD, Oxfordshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of 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.

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.

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.

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:

	Patents, trademarks and licences	-	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.

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:

Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% straight line
Office equipment	-	25% straight line

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.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 16 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 January 2025 and 31 December 2025	172,186
	---------
Amortisation
At 1 January 2025	157,191
Charge for the year	2,952
	---------
At 31 December 2025	160,143
	---------
Carrying amount
At 31 December 2025	12,043
	---------
At 31 December 2024	14,995
	---------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2025	34,630	14,090	180,785	229,505
Additions	–	–	1,677	1,677
	--------	--------	---------	---------
At 31 December 2025	34,630	14,090	182,462	231,182
	--------	--------	---------	---------
Depreciation
At 1 January 2025	34,489	13,890	164,465	212,844
Charge for the year	141	77	7,752	7,970
	--------	--------	---------	---------
At 31 December 2025	34,630	13,967	172,217	220,814
	--------	--------	---------	---------
Carrying amount
At 31 December 2025	–	123	10,245	10,368
	--------	--------	---------	---------
At 31 December 2024	141	200	16,320	16,661
	--------	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	1,179,339	1,575,649
Other debtors	1,390,389	1,109,803
	------------	------------
	2,569,728	2,685,452
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	423,687	381,647
Social security and other taxes	18,921	–
Other creditors	3,914	3,728
	---------	---------
	446,522	385,375
	---------	---------