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Registration number: 01351166

Bentley Chemicals Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Bentley Chemicals Limited

(Registration number: 01351166)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 345,974 | 405,398
Current assets |  |  |
Stocks | 6 | 1,988,893 | 1,819,644
Debtors | 7 | 1,176,693 | 1,028,413
Cash at bank and in hand |  | 191,801 | 140,803
|  | 3,357,387 | 2,988,860
Creditors: Amounts falling due within one year | 8 | (1,683,137) | (1,204,418)
Net current assets |  | 1,674,250 | 1,784,442
Total assets less current liabilities |  | 2,020,224 | 2,189,840
Creditors: Amounts falling due after more than one year | 8 | (418,175) | (962,039)
Provisions for liabilities |  | (83,000) | (97,500)
Net assets |  | 1,519,049 | 1,130,301
Capital and reserves |  |  |
Called up share capital |  | 75 | 75
Capital redemption reserve |  | 25 | 25
Retained earnings |  | 1,518,949 | 1,130,201
Shareholders' funds |  | 1,519,049 | 1,130,301

For the financial 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 April 2026 and signed on its behalf by:

......................................... C Warren Company secretary and director

Bentley Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Frederick Road
Hoo Farm Industrial Estate
Kidderminster
Worcestershire
DY11 7RA

These financial statements were authorised for issue by the Board on 17 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Monetary assetsand liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transaction in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Bentley Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% pa on a reducing balance basis.
Fixtures and fittings | 15% & 20% pa on a reducing balance basis, 33% pa on a straight line basis.
Motor vehicles | 25% pa on a reducing balance basis.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Fully amortised

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Bentley Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Bentley Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 15).

Bentley Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 January 2025 | 150,000 | 150,000
At 31 December 2025 | 150,000 | 150,000
Amortisation
At 1 January 2025 | 150,000 | 150,000
At 31 December 2025 | 150,000 | 150,000
Carrying amount
At 31 December 2025 | - | -

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 231,077 | 267,397 | 343,833 | 842,307
Additions | 30,683 | - | - | 30,683
At 31 December 2025 | 261,760 | 267,397 | 343,833 | 872,990
Depreciation
At 1 January 2025 | 144,740 | 134,458 | 157,710 | 436,908
Charge for the year | 16,989 | 26,588 | 46,531 | 90,108
At 31 December 2025 | 161,729 | 161,046 | 204,241 | 527,016
Carrying amount
At 31 December 2025 | 100,031 | 106,351 | 139,592 | 345,974
At 31 December 2024 | 86,337 | 132,939 | 186,122 | 405,398

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 1,988,893 | 1,819,644

Bentley Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 574,892 | 599,959
Amounts owed by related parties | 10 | 500,721 | 334,333
Prepayments |  | 77,076 | 69,490
Other debtors |  | 24,004 | 24,631
|  | 1,176,693 | 1,028,413

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 14,217 | 13,553
Trade creditors |  | 1,364,043 | 1,016,322
Taxation and social security |  | 281,159 | 152,992
Accruals and deferred income |  | 14,264 | 9,711
Other creditors |  | 9,454 | 11,840
|  | 1,683,137 | 1,204,418

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 418,175 | 962,039

Bentley Chemicals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 20,046 | 34,264
Other borrowings | 398,129 | 927,775
| 418,175 | 962,039

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 14,217 | 13,553

10 | Related party transactions

Summary of transactions with parent

Bentley Chemicals Holdings Limited (Holding company)
Rent paid to the holding company during the year was £318,000 (2024 - £290,000). At the balance sheet date the amount due from Bentley Chemicals Holdings Limited was £500,721 (2024 - £334,333).

11 | Parent and ultimate parent undertaking

The company's immediate parent is Bentley Chemicals Holdings Limited, incorporated in England & Wales.
The ultimate controlling party is Across The Pond Holdings, Inc., a company incorporated in the USA.