Adcrete Limited iXBRL

Company Registration Number: NI637428

Adcrete Limited

Financial Statements

for the financial year ended 31 December 2025

Adcrete Limited

Directors and Other Information


Directors	S Wilson
	J Mooney
	G Vaughan
	N Jones


Company Registration Number	NI637428


Registered Office	31 Enterprise House, Lisburn Enterprise Centre
	6 Enterprise Crescent
	Ballinderry Road
	Lisburn
	Co. Antrim
	BT28 2BP


Independent Auditors	HCA Chartered Accountants Ltd
	12 Cromac Place
	Belfast
	Co. Antrim
	BT7 2JB
	Northern Ireland


Bankers	Bank of Ireland
	1 Donegal Square South
	Belfast
	Co. Antrim
	BT1 5LR
	Northern Ireland


Solicitors	Gordons Solicitors
	1 New Augustus Street
	Bradford
	BD1 5LL
	England

Adcrete Limited

Company Registration Number: NI637428

Statement of Financial Position

as at 31 December 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

51,914

33,561

─────────

Current Assets

Stocks

210,368

277,537

Debtors

614,277

620,106

Cash and cash equivalents

560,326

219,330

─────────

1,384,971

1,116,973

─────────

Creditors: amounts falling due within one year

(425,633)

(335,276)

─────────

Net Current Assets

959,338

781,697

─────────

Total Assets less Current Liabilities

1,011,252

815,258

Provisions for liabilities

7,659

15,239

─────────

Net Assets

1,018,911

830,497

═════════

Capital and Reserves

Called up share capital

103

103

Retained earnings

1,018,808

830,394

─────────

Equity attributable to owners of the company

1,018,911

830,497

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

Approved by the Board and authorised for issue on 15 September 2026 and signed on its behalf by



________________________________
S Wilson
Director

Adcrete Limited

Statement of Changes in Equity

as at 31 December 2025

	Called up	Retained	Total
	share	earnings
	capital
	£	£	£

At 1 January 2024	103	709,026	709,129
	─────────	─────────	─────────
Profit for the financial year	-	297,060	297,060
	─────────	─────────	─────────
Payment of dividends	-	(175,692)	(175,692)
	─────────	─────────	─────────
At 31 December 2024	103	830,394	830,497
	─────────	─────────	─────────
Profit for the financial year	-	308,423	308,423
	─────────	─────────	─────────
Payment of dividends	-	(120,009)	(120,009)
	─────────	─────────	─────────
At 31 December 2025	103	1,018,808	1,018,911
	═════════	═════════	═════════

Adcrete Limited

Notes to the Financial Statements

for the financial year ended 31 December 2025

General Information

Adcrete Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI637428. The registered office of the company is 31 Enterprise House, Lisburn Enterprise Centre, 6 Enterprise Crescent, Ballinderry Road, Lisburn, Co. Antrim, BT28 2BP. The principal activity of the company is the sale of chemicals for the construction industry. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Long leasehold property

2-10% Straight line

Plant and machinery

33.3% Straight line

Motor vehicles

25-50% Straight line

Computers

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing

Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.

The financial statements were audited by HCA Chartered Accountants Ltd.

The Auditor's Report was signed by Mr Brian Hegarty (Senior Statutory Auditor) for and on behalf of HCA Chartered Accountants Ltd on 15th September 2026.


4.	Employees

	The average monthly number of employees, including directors, during the financial year was 5, (2024 - 5).

		2025	2024
		Number	Number

	Directors	4	4
	Employees	1	1
		─────────	─────────
		5	5
		═════════	═════════


5.	Tangible assets
		Long	Plant and	Motor	Computers	Total
		leasehold	machinery	vehicles
		property
		£	£	£	£	£
	Cost
	At 1 January 2025	-	24,907	59,973	4,084	88,964
	Additions	35,100	6,000	-	1,916	43,016
		─────────	─────────	─────────	─────────	─────────
	At 31 December 2025	35,100	30,907	59,973	6,000	131,980
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 January 2025	-	21,999	29,984	3,420	55,403
	Charge for the financial year	2,422	4,075	17,706	460	24,663
		─────────	─────────	─────────	─────────	─────────
	At 31 December 2025	2,422	26,074	47,690	3,880	80,066
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 31 December 2025	32,678	4,833	12,283	2,120	51,914
		═════════	═════════	═════════	═════════	═════════
	At 31 December 2024	-	2,908	29,989	664	33,561
		═════════	═════════	═════════	═════════	═════════


6.	Stocks	2025	2024
		£	£

	Raw materials	210,368	277,537
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


7.	Debtors	2025	2024
		£	£

	Trade debtors	542,189	604,297
	Other debtors	4,836	5,202
	Taxation (Note 9)	34,615	4,343
	Prepayments and accrued income	32,637	6,264
		─────────	─────────
		614,277	620,106
		═════════	═════════

Creditors

2025

2024

Amounts falling due within one year

Trade creditors

35,584

30,431

Amounts owed to group undertakings

340,059

238,785

Taxation (Note 9)

6,206

5,851

Directors' current accounts

147

137

Other creditors

3,048

Accruals:

Pension accrual

2,296

2,544

Other accruals

41,341

54,480

─────────

425,633

335,276

═════════

Bank of Ireland holds fixed and floating charge security over the assets of the company.


9.	Taxation	2025	2024
		£	£

	Debtors:
	VAT	8,438	913
	Corporation tax	26,177	3,430
		─────────	─────────
		34,615	4,343
		═════════	═════════
	Creditors:
	PAYE / NI	6,206	5,851
		═════════	═════════

10.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Other

Total

Total

allowances

differences

2025

2024

At financial year start

(9,889)

(5,350)

(15,239)

(2,722)

Charged to profit and loss

5,205

2,375

7,580

(12,517)

─────────

At financial year end

(4,684)

(2,975)

(7,659)

(15,239)

═════════

11.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2025.

12.

Related party transactions

Transactions with group companies during the year included the following:

Christeyns UK Ltd is the parent company. At the reporting date, Adcrete Limited owed an amount of £280,998 (2024: £225,054). During the year, the company made sales to Christeyns UK Ltd totalling £nil, (2024: £nil), and purchases/recharges from Christeyns UK Ltd totalling £1,474,616 (2024: £1,399,285).

Christeyns Technologies (Ireland) Limited is a company within the same group, registered in Ireland. At the reporting date, Adcrete Limited owed an amount of £6,504 (2024: £13,730). During the year, the company made purchases/recharges from Christeyns Technologies (Ireland) Limited totalling £110,932 (2024: £137,493).

Christeyns Food Hygiene Limited is a company within the same group, registered in England. At the reporting date, Adcrete Limited owed an amount of £nil (2024: £nil). During the year, the company made purchases/recharges from Christeyns Food Hygiene Limited totalling £1,399 (2024: £nil).

Oscrete UK Limited is a company within the same group, registered in England. At the reporting date, Adcrete Limited owed an amount of £8,288 (2024: £nil). During the year, the company made purchases/recharges from Oscrete UK Limited totalling £25,990 (2024: £nil).

Govi N.V. is a company within the same group, registered in Belgium. At the reporting date, Adcrete Limited owed an amount of £44,416 (2024: £nil). During the year, the company made purchases/recharges from Govi N.V. totalling £368,947 (2024: £nil).

13.

Directors' advances, credits and guarantees

At the reporting date, the company owed the Directors £147 (2024: £137).

14.

Parent company

The company regards Christeyns UK Ltd as its immediate parent company.

The ultimate parent of the largest group in which the results are consolidated is Algimo NV. This information is included in the consolidated financial statements of Algimo NV as at 31 December 2024 and these financial statements may be obtained from Algimo NV, Coupure 10, 9000, Gent, Belgium.

Algimo NV is a company registered in Belgium.

15.

Controlling interest

The ultimate controlling party of the company is Algimo NV.

16.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the reporting date.

17.

Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £17,220 (2024 - £16,800).


18.	Share Capital

	The share capital of the company was comprised of 100 Ordinary Shares of £1 each and 3 A Ordinary Shares of £1 each.

		2025	2024
		£	£

	Ordinary Shares of £1 each	100	100
	A Ordinary Shares of £1 each	3	3
		─────────	─────────
		103	103
		═════════	═════════