REGISTERED NUMBER: 07156476 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

CHEMSEAL SOLUTIONS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P A Bryson

Mr N Mcguren

REGISTERED OFFICE:

Fleck Way

Teesside Industrial Estate

Stockton-On-Tees

United Kingdom

TS17 9JZ

REGISTERED NUMBER:

07156476 (England and Wales)

ACCOUNTANTS:

Lyons & Co Ltd

23 Yarm Road

Stockton on Tees

TS18 3NJ

FIXED ASSETS

Tangible assets

4

76,379

84,075

CURRENT ASSETS

Stocks

98,000

130,000

Debtors

181,942

85,303

Cash at bank and in hand

77,618

154,102

357,560

369,405

CREDITORS

Amounts falling due within one year

151,093

200,463

NET CURRENT ASSETS

206,467

168,942

TOTAL ASSETS LESS CURRENT LIABILITIES

282,846

253,017

CREDITORS

Amounts falling due after more than one year

(21,984

)

(30,355

)

PROVISIONS FOR LIABILITIES

(21,561

)

-

NET ASSETS

239,301

222,662

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

239,101

222,462

239,301

222,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 September 2026 and were signed on its behalf by:

Mr N Mcguren - Director

1.	STATUTORY INFORMATION

Chemseal Solutions Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2025

194,943

Additions

24,642

Disposals

(105,937

)

At 28 February 2026

113,648

DEPRECIATION

At 1 March 2025

110,868

Charge for year

22,483

Eliminated on disposal

(96,082

)

At 28 February 2026

37,269

NET BOOK VALUE

At 28 February 2026

76,379

At 28 February 2025

84,075

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 March 2025

and 28 February 2026

55,475

DEPRECIATION

At 1 March 2025

9,889

Charge for year

11,397

At 28 February 2026

21,286

NET BOOK VALUE

At 28 February 2026

34,189

At 28 February 2025

45,586

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

28/2/26

28/2/25

£

£

Net obligations repayable:

Within one year

9,283

11,194

Between one and five years

21,984

30,355

31,267

41,549

Non-cancellable

operating leases

28/2/26

28/2/25

£

£

Within one year

76,466

-

Between one and five years

273,355

-

349,821

-

6.	RELATED PARTY DISCLOSURES

A loan was made to a company where more than 50% of the shares are owned by the directors. The amount outstanding at the year end was £50,625 which has been repaid after the year end. A commercial rate of interest was charged.