REGISTERED NUMBER: 02756679 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Minchem HMP Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Skidmore

Dr T A Skidmore

D C Skidmore

J A Ledsham

REGISTERED OFFICE:

Scott Lidgett Industrial Estate

Scott Lidgett Road

Longport

Stoke-on-Trent

Staffordshire

ST6 4NQ

REGISTERED NUMBER:

02756679 (England and Wales)

SENIOR STATUTORY AUDITOR:

Paul Robert Scriven FCCA

AUDITORS:

Paterson Brodie Limited

Chartered Certified Accountants

Statutory Auditor

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

256,837

269,302

256,837

269,302

CURRENT ASSETS

Stocks

1,900,347

1,707,248

Debtors

6

722,477

1,147,016

Cash at bank and in hand

1,565,415

1,048,924

4,188,239

3,903,188

CREDITORS

Amounts falling due within one year

7

840,146

728,071

NET CURRENT ASSETS

3,348,093

3,175,117

TOTAL ASSETS LESS CURRENT LIABILITIES

3,604,930

3,444,419

PROVISIONS FOR LIABILITIES

9

27,439

32,153

NET ASSETS

3,577,491

3,412,266

CAPITAL AND RESERVES

Called up share capital

10

1,250

1,250

Share premium

11

39,750

39,750

Retained earnings

11

3,536,491

3,371,266

SHAREHOLDERS' FUNDS

3,577,491

3,412,266

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

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 26 May 2026 and were signed on its behalf by:

C A Skidmore - Director

1.	STATUTORY INFORMATION

Minchem HMP Limited 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.

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised when the goods are physically delivered to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Short leasehold

-

33.33% on cost

Under construction

-

Nil until the asset is completed

Plant and machinery

-

at varying rates on cost

Office equipment

-

20% on reducing balance

Stocks

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

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

2

AMORTISATION

At 1 September 2024

and 31 August 2025

2

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Under

property

leasehold

construction

£

£

£

COST

At 1 September 2024

175,588

12,138

-

Additions

-

-

7,770

At 31 August 2025

175,588

12,138

7,770

DEPRECIATION

At 1 September 2024

34,898

12,138

-

Charge for year

1,380

-

-

At 31 August 2025

36,278

12,138

-

NET BOOK VALUE

At 31 August 2025

139,310

-

7,770

At 31 August 2024

140,690

-

-

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1 September 2024

472,927

13,016

673,669

Additions

7,131

-

14,901

At 31 August 2025

480,058

13,016

688,570

DEPRECIATION

At 1 September 2024

346,732

10,599

404,367

Charge for year

25,503

483

27,366

At 31 August 2025

372,235

11,082

431,733

NET BOOK VALUE

At 31 August 2025

107,823

1,934

256,837

At 31 August 2024

126,195

2,417

269,302

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

688,117

1,102,491

Amounts owed by group undertakings

-

644

Other debtors

200

40

VAT

761

-

Prepayments

33,399

43,841

722,477

1,147,016

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

728,405

327,564

Amounts owed to group undertakings

2,296

-

Tax

60,357

88,395

Social security and other taxes

11,989

11,312

VAT

-

62,054

Other creditors

2,798

2,925

Credit card

2,955

407

Amounts due to parent

company

8,673

201,452

Accrued expenses

22,673

33,962

840,146

728,071

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

35,293

35,293

Between one and five years

41,914

71,209

77,207

106,502

9.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

Accelerated capital allowances

27,439

32,153

Deferred

tax

£

Balance at 1 September 2024

32,153

Provided during year

(4,714

)

Balance at 31 August 2025

27,439

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

1,250

Ordinary

£1

1,250

1,250

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 September 2024

3,371,266

39,750

3,411,016

Profit for the year

165,225

165,225

At 31 August 2025

3,536,491

39,750

3,576,241

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Robert Scriven FCCA (Senior Statutory Auditor)

for and on behalf of Paterson Brodie Limited

13.	RELATED PARTY DISCLOSURES

Minchem HMP Limited is a wholly owned subsidiary of Minchem Limited.

Other related parties have been identified as follows:-

ACCS Limited

Minchem HMP Limited sold goods totalling £1,302 (2024 - £1,937) and purchased goods totalling £40,259 (2024- £156,037) from Minchem Limited during the year. The amount owing by Minchem HMP Limited at the balance sheet date was £8,673 (2024 - £201,453)..

Minchem HMP Limited sold goods totalling £20,387 (2024 - £20,980) and purchased goods totalling £30,784 (2024 - £30,850) from ACCS Limited during the year. The amount owing by Minchem HMP Limited at the balance sheet date was £2,296 (2024 - £645 owing to Minchem HMP Limited).

14.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Minchem Limited, a company registered in England & Wales.

The directors consider that Mr. C.A. Skidmore is the ultimate controlling party. This is because, together with his wife, he holds shares in a personal capacity and is also a trustee of trusts which hold shares in the parent company. When these interests are aggregated, he has the ability to exercise control over the company and the group.