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Christeyns Food Hygiene Ltd
Registered number: 02456403
Annual report and financial statements
For the year ended 31 December 2025
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CHRISTEYNS FOOD HYGIENE LTD
COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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CHRISTEYNS FOOD HYGIENE LTD
CONTENTS
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Independent Auditor's Report
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Statement of Comprehensive Income
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Statement of Financial Position
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Statement of Changes in Equity
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Notes to the Financial Statements
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CHRISTEYNS FOOD HYGIENE LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their strategic report for the year ended 31 December 2025.
The Company continued its principal activities which is the manufacture of chemical products and support services to the food and drink marketplace.
Principal risks and uncertainties
The European supply chain has increasingly struggled as a result of soft economic conditions and underlying high energy costs compared to that of global competitive suppliers, largely based in USA and China, leading to increased instability and unpredictability in raw material markets. We have focused on mitigating any associated potential supply risks by spreading our supply base options and continuing to invest in bulk and other storage facilities, including leasing three new units on the Warrington site in 2025. Above all these actions will ensure we maintain a strong and consistent customer service level critical for our food and drink-related customer base.
A continued adaptable and flexible approach coupled with excellent teamwork and communication has ensured any risks and challenges were addressed and logical solutions found. This has continued to minimise any impact on our business and on our customers' businesses, ensuring we maintain a consistently high level of supply.
Operating & input costs - The impact on pricing of any structural supply changes has been less predictable and continues to be managed as any changes occur with a regular and open dialogue with our customers. The increased cost of labour, largely related to the increases in employer National Insurance Contributions, is being partially mitigated by a greater prudency in recruitment and greater focus on efficiency, facilitated by advancements in data and system transformation.
Regulatory – Changes in Biocidal product regulations coupled with the pending changes related to Peracetic acid products are being navigated through by a reshaped and refocused technical team. Infrastructural changes in our facilities, including the three newly secured units, have allowed us to manage any regulatory challenges at the same time as transitioning to a full upper-tier COMAH site, which has been necessitated by our continuing business success.
Market risk - Like all companies we are exposed to competition in the market. We manage this by providing a consistently high level of service and helping our customers safely develop their businesses. Our key value in acting like and giving a service of a "family business" with our customers, continuing to seek to improve their operations coupled with the backing of our financially stable privately owned Parent Company ensures the business should continue to develop successfully. The challenging economic UK context continues to provide business challenges.
Operational risk - A manufacturing business is always exposed to potential operational risk by the nature of the business. However, these are mitigated by the extensive management controls we have in place, with existing accreditations, ISO 45001, with ISO 9001 quality standard ensuring we have procedures in place to work efficiently and ensure quality throughout the business. ISO14001, ensuring we are environmentally responsible and ISO 45001 ensuring we have the right standard of management systems around occupational health & safety in place. The continued positive momentum of the business has meant a requirement to move the business to an upper-tier COMAH site, with a further enhanced health & safety and process focus.
Compliance with the above standards is all independently audited. We continue to take the issue of Health and Safety very seriously ensuring the business follows all the guidance given by the HSE to make our operations fully compliant with prevailing regulations.
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CHRISTEYNS FOOD HYGIENE LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Recruitment and retention risk - The retention and recruitment of key personnel remains an important aspect of the Company's culture, additional enhanced internal development programmes for emerging and strategic leaders have provided further opportunities for personal development.
During 2025 we continued to work towards the Company's vision for the future, following our core values and strategic quality goals. We continue to promote a "customer first culture" with strong emphasis on customer service in all aspects. Promoting the spirit of continuous improvement, we constantly look for ways to improve further both within the business and with our customers. Stronger and more integrated relationships with our customers and suppliers have been a considerable positive. Advancing the use of developments in IT software has allowed us to drive further efficiency into our processes.
We continue to add to our overarching customer service proposition, with very successful partnerships with third party businesses helping build an increasing one-stop shop of hygiene-related products and services. Our engineering support services continues to be greatly enhanced with H & M Disinfection Systems Limited now being part of the overall Christeyns Group. The businesses will continue to operate independently yet help provide a more encompassing service to our existing and potential customers of Christeyns Food Hygiene.
All risks are monitored by the board regularly, with the prime focus being on performance, strategy and how we serve our customers in any way that adds "value" to our mutual businesses.
Issues surrounding the mitigation and management of the above risks are at an acceptable level.
Financial key performance indicators
The Company continues with a structured approach to performance measurement so that we can take a more scientific approach to analysing the overall performance of the business, focusing on the core topics of:
• Customers;
• People;
• Process;
• Finance; and
• Sustainability & the Carbon Footprint.
Budgets are agreed at Group level and results monitored throughout the year; analysis of variance takes place regularly and where appropriate actions taken to mitigate.
Capital expenditure is budgeted for and can only be authorised by a director.
Debtor days form part of the approach to measurement, credit limits are enforced, and all customers are checked for credit suitability.
Despite a slight drop in headlines sales year on year, caused mainly by a continued raw material pricing stabilization, all our other key performance indicators continue to be robust in the last financial year. We continue to navigate a challenging economic context through flexibility, bravery, and a preparedness to continually improve, adjusting our business plans as necessary to ensure the long-term success of the business. We continue to grow our customer base, building our reputation for excellent customer service and an ability to improve our customer operations.
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CHRISTEYNS FOOD HYGIENE LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Several consistent years of investment in our manufacturing, transport and storage capability has continued to ensure we can deliver on our outstanding service promise.
The Company is in a strong position with net current assets of £7.1m (2024: £8.6m) net assets of £10.5m (2024: £11.6m) and significant available resources meaning it can face any future challenges.
This report was approved by the board on 27 April 2026 and signed on its behalf.
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CHRISTEYNS FOOD HYGIENE LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Directors' responsibilities statement
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The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent; and
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £4,879,266 (2024: £6,339,374).
Dividends declared in the year totalled £6,000,000 (2024: £6,000,000).
The directors who served during the year were:
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P M Littleton (resigned 2 September 2025)
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CHRISTEYNS FOOD HYGIENE LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company will continue with its focus on its core activities and aims to be the partner and employer of choice, being ahead of our competitors with innovation, sustainability focus and reporting, creativity, and entrepreneurial flair, adhering to the core values that become enshrined within the DNA of the Company. Specifically: Safety First, Family, Continuous improvement, Expertise & Passion.
We will continue to utilise advancements in data and system transformation to ensure we have a highly effective and capable business model.
Matters covered in the Strategic Report
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Certain information not shown in the Directors' Report is shown in the Strategic Report on Pages 1 and 3 instead in accordance with Section 414C (11) of the Companies Act 2006. This includes a business review and principal risks and uncertainties.
Going concern
The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors' Report. The Strategic Report outlines the Company's objectives, policies, and procedures for managing capital, its financial risk management objectives, and its exposure to credit risk.
The Company has sufficient financial resources together with clearly defined performance objectives. It has the strong support of its Parent Company and fellow subsidiary members in working towards meeting its financial objectives. Therefore, the directors believe that the Company is well placed to manage its business risks successfully despite the current economic outlook.
The directors of the Company have undertaken a robust forecasting exercise looking at existing and future business prospects and remain confident of a strong sales line. The period of assessment covers a period of at least 12 months from the date of approval of these financial statements. The Company is in a strong position giving the directors a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that it can face future challenges. As such the directors are satisfied that the Company remains a going concern and the financial statements have been prepared on the going concern basis.
Disclosure of information to auditor
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Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
∙so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and
∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.
The auditor, Forvis Mazars LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 27 April 2026 and signed on its behalf.
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CHRISTEYNS FOOD HYGIENE LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTEYNS FOOD HYGIENE LTD
Opinion
We have audited the financial statements of Christeyns Food Hygiene Ltd (the ‘Company’) for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
∙give a true and fair view of the state of the Company’s affairs as at 31 December 2025 and of its profit for the year then ended;
∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the "Auditor’s responsibilities for the audit of the financial statements section" of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
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CHRISTEYNS FOOD HYGIENE LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTEYNS FOOD HYGIENE LTD
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
∙the financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of directors' remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit.
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CHRISTEYNS FOOD HYGIENE LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTEYNS FOOD HYGIENE LTD
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors intend either to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the Company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: UK tax legislation, pensions legislation, employment regulation and health and safety regulation.
To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risks of material misstatement in respect to non-compliance, our procedures included, but were not limited to:
∙Inquiring of management and, where appropriate, those charged with governance, as to whether the Company is in compliance with laws and regulations, and discussing their policies and procedures regarding compliance with laws and regulations;
∙Inspecting correspondence, if any, with relevant licensing or regulatory authorities;
∙Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit; and
∙Considering the risk of acts by the Company which were contrary to applicable laws and regulations, including fraud.
We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation and Companies Act 2006.
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CHRISTEYNS FOOD HYGIENE LTD
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTEYNS FOOD HYGIENE LTD
In addition, we evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, revenue cut-off and significant one-off or unusual transactions.
Our audit procedures in relation to fraud included but were not limited to:
∙Making enquiries of the directors and management on whether they had knowledge of any actual, suspected or alleged fraud;
∙Gaining an understanding of the internal controls established to mitigate risks related to fraud;
∙Discussing amongst the engagement team the risks of fraud; and
∙Addressing the risks of fraud through management override of controls by performing journal entry testing.
There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of the audit report
This report is made solely to the Company's members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body for our audit work, for this report, or for the opinions we have formed.
Christopher Hudson (Senior Statutory Auditor)
for and on behalf of
Forvis Mazars LLP
Chartered Accountants and Statutory Auditor
5th Floor
3 Wellington Place
Leeds
LS1 4AP
27 April 2026
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CHRISTEYNS FOOD HYGIENE LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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Interest receivable and similar income
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Interest payable and similar expenses
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Profit for the financial year
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There were no recognised gains and losses for 2025 or 2024 other than those included in the Statement of Comprehensive Income.
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There was no other comprehensive income for 2025 (2024: £NIL).
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The notes on pages 13 to 31 form part of these financial statements.
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CHRISTEYNS FOOD HYGIENE LTD
REGISTERED NUMBER: 02456403
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 April 2026.
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CHRISTEYNS FOOD HYGIENE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Dividends: Equity capital
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Total transactions with owners
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Dividends: Equity capital
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Total transactions with owners
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Christeyns Food Hygiene Ltd ("the Company) is a private company, limited by shares, registered number 02456403. It is incorporated in the United Kingdom and registered in England and Wales.
Registered office:
2 Cameron Court
Winwick Quay
Warrington
Cheshire
WA2 8RE
The principal activity is the manufacture and distribution of food hygiene cleaning materials and equipment.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
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Financial Reporting Standard 102 - reduced disclosure exemptions
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The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A; and
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Algimo NV as at 31 December 2025 and these financial statements may be obtained from their registered office: Algimo NV, Coupure 10, 9000, Ghent, Belgium.
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Exemption from preparing consolidated financial statements
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The Company is a wholly owned subsidiary of Algimo NV. It is included in the consolidated financial statements of Algimo NV which are publicly available. Therefore the Company is exempt by virtue of section 401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements. These financial statements are the Company’s separate financial statements.
The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Directors' Report. The Strategic Report outlines the Company's objectives, policies, and procedures for managing capital, its financial risk management objectives, and its exposure to credit risk.
The Company has sufficient financial resources together with clearly defined performance objectives. It has the strong support of its Parent Company and fellow subsidiary members in working towards meeting its financial objectives. Therefore, the directors believe that the Company is well placed to manage its business risks successfully despite the current economic outlook.
The directors of the Company have undertaken a robust forecasting exercise looking at existing and future business prospects and remain confident of a strong sales line. The period of assessment covers a period of at least 12 months from the date of approval of these financial statements. The Company is in a strong position giving the directors a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that it can face future challenges. As such the directors are satisfied that the Company remains a going concern and the financial statements have been prepared on the going concern basis.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP, rounded to the nearest £1.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
- 15 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income 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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
- 16 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as stated below.
Depreciation is provided on the following basis:
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Leasehold property improvements
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20-25% reducing balance, 15-20% straight line
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investments in subsidiaries are measured at cost less accumulated impairment.
- 17 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is 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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
- 18 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
- 19 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Financial instruments (continued)
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Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
- 20 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Judgements in applying accounting policies and key sources of estimation uncertainty
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Critical judgements in applying the Company’s accounting policies
The critical judgements that the directors have made in the process of applying the Company’s accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below.
(i) Assessing indicators of impairment
In assessing whether there have been any indicators of impairment, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability and where applicable, the ability of the asset to be operated as planned.
Key sources of estimation uncertainty
The directors do not consider there to be any key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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Sales of cleaning materials and equipment
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Analysis of turnover by country of destination:
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The operating profit is stated after charging/(crediting):
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Research & development charged as an expense
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Amortisation of intangible fixed assets
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(Profit) on sale of tangible fixed assets
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Depreciation of tangible fixed assets
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- 21 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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During the year, the Company obtained the following services from the Company's auditor:
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Fees payable to the Company's auditor for the audit of the Company's financial statements
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Staff costs, including directors' remuneration, were as follows:
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Cost of defined contribution scheme
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The average monthly number of employees, including the directors, during the year was as follows:
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Production and distribution
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- 22 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Company contributions to defined contribution pension schemes
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During the year retirement benefits were accruing to 4 directors (2024 - 4) in respect of defined contribution pension schemes.
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The highest paid director received remuneration of £277,028 (2024 - £311,527).
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The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £13,760 (2024 - £13,424).
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Other interest receivable
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Interest payable and similar expenses
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- 23 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Current tax on profits for the year
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Adjustments in respect of previous periods
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Origination and reversal of timing differences
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Adjustments in respect of prior periods
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Taxation on profit on ordinary activities
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Factors affecting tax charge for the year
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The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 -25%). The differences are explained below:
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Profit on ordinary activities before tax
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Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
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Expenses not deductible for tax purposes
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Adjustments to tax charge in respect of prior periods
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Differences relating to prior year deferred tax
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Group relief surrendered/(claimed)
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Total tax charge for the year
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Factors that may affect future tax charges
|
There are no factors affecting future tax charges.
- 24 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Dividends paid to ordinary shareholders
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- 25 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 26 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Investments in subsidiary companies
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The following were subsidiary undertakings of the Company:
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H & M Disinfection Systems Limited
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The registered address of In Klenzan Direct Limited is: 2 Cameron Court, Winwick Quay, Warrington, Cheshire, WA2 8RE. The entity was incorporated in England and Wales.
The registered address of In Site Control Limited is: Christeyns UK Ltd, Rutland Street, Bradford, England, BD4 7EA. The entity was incorporated in England and Wales.
The registered address of In Anti-Germ (UK) Limited is: 2 Cameron Court, Winwick Quay, Warrington, Cheshire, WA2 8RE. The entity was incorporated in England and Wales.
The registered address of H & M Disinfection Systems Limited is: 18 Dalby Court, Gadbrook Business Park, Gadbrook Road Northwich, Cheshire, CW9 7TN. The entity was incorporated in England and Wales.
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- 27 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Raw materials and consumables
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Work in progress (goods to be sold)
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Finished goods and goods for resale
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Stocks are stated after provisions for loss of stock of £66,800 (2024: £63,000)
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
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Cash and cash equivalents
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- 28 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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The invoice discounting facility is secured on the underlying trade debtors.
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
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(Charged)/credited to profit or loss
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The provision for deferred taxation is made up as follows:
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Fixed asset timing differences
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Short term timing differences
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- 29 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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100 (2024 - 100) Ordinary shares of £1 each
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The Company has one class of ordinary shares which carry voting rights but no right to fixed income.
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Profit & loss account
The Profit and Loss account reserve represents cumulative profits and losses made by the Company to date less any dividends declared.
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £247,402 (2024: £229,620). Contributions totalling £47,070 (2024: £86,587) were payable to the fund at the reporting date.
- 30 -
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CHRISTEYNS FOOD HYGIENE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
Commitments under operating leases
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At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Later than 1 year and not later than 5 years
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During the year operating lease expenses totalling £698,521 (2024: £641,183) were charged to the Statement of Comprehensive Income.
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Related party transactions
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The Company has taken advantage of the exemption available in section 33 of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" related party disclosures from the requirement to disclose transactions with wholly owned group companies.
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The ultimate Parent Company and the parent undertaking of the largest and smallest Group for which consolidated financial statements are prepared is is Algimo NV, a company registered in Belgium. The registered office is: Algimo NV, Coupure 10, 9000, Gent, Belgium. The consolidated financial statements of Algimo NV can be obtained from Algimo NV, Coupure 10, 9000, Ghent, Belgium.
The immediate parent company is Christeyns UK Ltd, a company registered in England and Wales, with a registered number of 00847863 and registered address of Rutland Street, East Bowling, Bradford, West Yorkshire, BD4 7EA.
The directors do not consider there to be an ultimate controlling party.
- 31 -
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