REGISTERED NUMBER: 08333656 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2025

for

Hi-Chrome (Services) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

D M Keogh

S J Brown

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

REGISTERED NUMBER:

08333656 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

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 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 Hi-Chrome (Services) Limited for the year ended 31 December 2025 which comprise the Income Statement, Statement of Financial Position 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 Hi-Chrome (Services) Limited, 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 Hi-Chrome (Services) Limited and state those matters that we have agreed to state to the Board of Directors of Hi-Chrome (Services) Limited, 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 Hi-Chrome (Services) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hi-Chrome (Services) Limited 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 loss of Hi-Chrome (Services) Limited. You consider that Hi-Chrome (Services) Limited 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 Hi-Chrome (Services) Limited. 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.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

3 June 2026

FIXED ASSETS

Tangible assets

4

32,768

49,331

CURRENT ASSETS

Stocks

49,755

51,832

Debtors

5

162,837

174,080

Cash at bank

442

54,819

213,034

280,731

CREDITORS

Amounts falling due within one year

6

166,792

210,515

NET CURRENT ASSETS

46,242

70,216

TOTAL ASSETS LESS CURRENT LIABILITIES

79,010

119,547

CREDITORS

Amounts falling due after more than one year

7

-

(13,940

)

PROVISIONS FOR LIABILITIES

(8,192

)

(12,333

)

NET ASSETS

70,818

93,274

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

70,718

93,174

SHAREHOLDERS' FUNDS

70,818

93,274

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 3 June 2026 and were signed on its behalf by:

S J Brown - Director

1.	STATUTORY INFORMATION

Hi-Chrome (Services) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

15% reducing balance

Computer equipment

-

15% reducing balance

Stocks

Stocks are stated 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 stock to its present location and condition.

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.

Hire purchase and leasing commitments

The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations in each period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

2,907

2,639

64,400

3,231

73,177

Additions

-

-

-

1,503

1,503

Disposals

-

-

(20,000

)

-

(20,000

)

At 31 December 2025

2,907

2,639

44,400

4,734

54,680

DEPRECIATION

At 1 January 2025

2,458

1,770

17,680

1,938

23,846

Charge for year

67

130

5,166

421

5,784

Eliminated on disposal

-

-

(7,718

)

-

(7,718

)

At 31 December 2025

2,525

1,900

15,128

2,359

21,912

NET BOOK VALUE

At 31 December 2025

382

739

29,272

2,375

32,768

At 31 December 2024

449

869

46,720

1,293

49,331

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

150,776

157,364

Other debtors

1,292

3,461

Directors' current accounts

344

6,589

Tax

1,397

1,249

Prepayments and accrued income

9,028

5,417

162,837

174,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

4,167

10,000

Other loans

34,189

-

Hire purchase contracts

4,501

13,605

Trade creditors

-

4,547

Corporation tax

52

45,781

Social security and other taxes

11,811

6,268

VAT

38,889

43,635

Other creditors

51,733

60,337

Directors' current accounts

16,500

21,942

Accruals and deferred income

4,950

4,400

166,792

210,515

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

-

4,167

Hire purchase contracts

-

9,773

-

13,940

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

4,167

-

Other loans

34,189

-

Hire purchase contracts

4,501

23,378

42,857

23,378

These liabilities are secured by fixed and floating charges over the assets of the company.

Assets financed by hire purchase are secured on the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

10.	OTHER FINANCIAL COMMITMENTS

At the end of the year the company was committed to expenditure under non-cancellable operating leases totalling £58,589 (2024:£17,884).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

D M Keogh

Balance outstanding at start of year

6,589

9,404

Amounts advanced

344

3,569

Amounts repaid

(6,589

)

(6,384

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

344

6,589

The above loan is interest free and repayable on demand.

12.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Hi-Chrome (Services) Holdings Limited incorporated in England and Wales.