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Christeyns Professional Hygiene UK Limited
Registered number: 02476263
Annual report and
financial statements
For the year ended 31 December 2025
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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The Royal Bank of Scotland
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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 PROFESSIONAL HYGIENE UK LIMITED
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 activity which is the manufacture of cleaning chemicals.
Principal risks and uncertainties
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The directors and management of the Company regularly consider the risk and uncertainties the Company faces. These are broadly categorised as:
Inflationary Pressures & Supply Chain Risk
In 2025 we witnessed a more settled period in terms of raw material availability which allowed for secure business planning. However, the erratic nature of the last few years and potential for further uncertainties due to global events continues to necessitate a very clear focus on our procurement approach. Being a member of the broader Christeyns Group benefits the business significantly when dealing with any availability issue that may arise. Changes in government policy, specifically towards the significantly increased National Insurance contributions will contribute to increasing employee costs moving forward. Timely strategic investments in increased automation will help the business mitigate some of these impacts. The benefits of the investment in automation will be seen in the coming years.
Operational Risk
As a manufacturer we are exposed to many different risks. These are mitigated by the management controls we have in place. We have accreditation for the quality standard ISO9001, this ensures we have procedures in place to work efficiently and ensure quality throughout the business. We are also accredited for ISO14001, which ensures we are environmentally responsible. Compliance with the above standards is independently audited. We take the issue of Health and Safety very seriously in all respects as well as the overall "wellbeing" of all our employees. We have continued to invest in health and safety related infrastructure improvements, with a full employee represented Health & Safety team helping to direct future activities.
Market Risk
Like all companies we are exposed to competition in the market and fluctuations in demand. Demand in our market remains unpredictable; however strategic investments into increased operational automation & manufacturing efficiency activities, has helped keep the business competitive and coupled with our reputation in the market for excellent consistently high quality products has ensured we continue to drive our market share, and attract major new customer groups.
Financial Risk
The Company remains in a strong position with net current assets of £3.4m, net assets of £7.2m and a cash position that can be supported by existing facilities to raise funds if required to develop the business further and meet any future challenges. The business will continue to invest in its operations enhancing its operational capabilities to meet an increasing anticipated demand for its products.
On Premise Laundry (OPL) Market
2025 saw the business increase focus on the OPL sector, with a focused proposition, which we anticipate being a source of strong future market growth.
- 1 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Financial key performance indicators
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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.
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 and monitored regularly.
On all our key performance indicators we have been pleased with the continued robustness of the Company performance in the last financial year, through flexibility, bravery, and a preparedness to change, we have been able to continue navigating a steady course and improve the businesses overall profitability. We continue to grow our customer base, building our reputation for excellent customer service and an ability to improve our customer operations.
The Company is in a strong position with net current assets of £3.4m, net assets of £7.2m 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.
- 2 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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.
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company has sufficient financial resources together with clearly defined performance objectives. It continues to have the strong support of its Parent Company and fellow subsidiary members in working towards meeting its financial objectives. The ability to gain funding from the Christeyns network, has allowed the business to invest heavily in the operational infrastructure throughout 2025.
A continued agreed investment plan ensures emphasis on driving overall efficiency in operations will continue to ensure continuous improvement in Health & Safety, efficiency and competitiveness to meet market and economic challenges. The directors feel the Company is well placed to manage its business risks having successfully adapted both the culture and business approach to ensure business success in a very competitive market.
The directors of the Company continue to strategically develop the business through a long-term plan through which the business forecast is assessed and the needs of the business against this plan adapted as appropriate. By utilising a flexible and adaptable business approach, in meeting both customer demands and operational issues, the business performance continues to be maximised and any risks managed.
The business continues to react and adapt to all contextual challenges in an agile yet focused manner. The development of our Whaley Bridge manufacturing, growing our capacity and capability, puts the business in a good position to take advantage of new major business opportunities.
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 good 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.
The business is in the middle of implementing a strong investment programme to drive efficiency and output that will allow the business to overcome some of the challenges that currently exist in the labour market.
The Company remains in a strong position with net current assets of £3.4m, net assets of £7.2m and a cash position that can be supported by the broader Christeyns Group or by existing facilities to raise funds if required to develop the business further and meet any future challenges. The business will continue to invest in its operations enhancing its operational capabilities to meet an increasing demand for its products and ensure an efficient supply chain.
Much greater emphasis is being placed on our sustainability strategy and carbon reporting. Initiatives such as solar panelling in the offices and manufacturing unit and rewilding areas around the site, are just the start of building towards a much more sustainability focused business model. The business will benefit enormously from the Christeyns Group investment into Carbon footprint data capture and subsequent customer friendly reporting mechanisms.
The profit for the year, after taxation, amounted to £906,399 (2024: £979,107).
Dividends of £Nil were paid during the year (2024: £Nil).
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors who served during the year were:
A Hilditch
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 page 1 to 2 instead in accordance with Section 414C (11) of the Companies Act 2006. This includes a business review and principal risks and uncertainties.
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.
Post balance sheet events
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No significant events post year end have occurred.
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 PROFESSIONAL HYGIENE UK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
Opinion
We have audited the financial statements of Christeyns Professional Hygiene UK Limited (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.
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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.
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 this gives rise to a material misstatement in the financial statements themselves. 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 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 PROFESSIONAL HYGIENE UK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
Responsibilities of Directors
As explained more fully in the directors' responsibilities statement set out on page 3, 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 either intend 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 the 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 the Companies Act 2006.
In addition, we evaluated the directors’ and management’s incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, revenue recognition (which we pinpointed to the cut off assertion) and significant one-off or unusual transactions.
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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 PROFESSIONAL HYGIENE UK LIMITED
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 29 form part of these financial statements.
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
REGISTERED NUMBER: 02476263
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts due within one year
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Creditors: amounts 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.
The notes on pages 13 to 29 form part of these financial statements.
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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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Comprehensive income for the year
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Total comprehensive income for the year
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The notes on pages 13 to 29 form part of these financial statements.
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Christeyns Professional Hygiene UK Limited ("the Company") is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales with registration number 02476263. The address of its registered office and principal place of business is Clover House, Macclesfield Road, Whaley Bridge, High Peak, Derbyshire, SK23 7DQ.
The principal activity of the Company is the manufacture of cleaning chemicals. It offers floor, skin, car care, hard surface cleaners, housekeeper and janitorial, laundry and dishwashing, leisure industry, and food and washroom hygiene products. The Company serves customers through distributors.
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;
∙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 Algimo NV, Coupure 10, 9000, Ghent, Belgium.
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Company has sufficient financial resources together with clearly defined performance objectives. It continues to have the strong support of its Parent Company and fellow subsidiary members in working towards meeting its financial objectives. The ability to gain funding from the Christeyns network, has allowed the business to invest heavily in the operational infrastructure throughout 2025.
A continued agreed investment plan ensures emphasis on driving overall efficiency in operations will continue to ensure continuous improvement in Health & Safety, efficiency and competitiveness to meet market and economic challenges. The directors feel the Company is well placed to manage its business risks having successfully adapted both the culture and business approach to ensure business success in a very competitive market.
The directors of the Company continue to strategically develop the business through a long-term plan through which the business forecast is assessed and the needs of the business against this plan adapted as appropriate. By utilising a flexible and adaptable business approach, in meeting both customer demands and operational issues, the business performance continues to be maximised and any risks managed.
The business continues to react and adapt to all contextual challenges in an agile yet focused manner. The development of our Whaley Bridge manufacturing, growing our capacity and capability, puts the business in a good position to take advantage of new major business opportunities.
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 good 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.
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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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives.
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.
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to the Statement of Comprehensive Income 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.
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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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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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.
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.
- 16 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as stated below.
Land is not depreciated. Depreciation is provided on the following basis:
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20% reducing balance, 5-20% straight line
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15% reducing balance, 10-25% straight line
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Assets under construction
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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.
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.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
- 17 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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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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.
- 18 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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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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.
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.
- 19 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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 directors believe that there are no critical judgements made in the process of applying the Company’s accounting policies.
Key sources of estimation uncertainty
The directors do not believe there are any key assumptions concerning the future, and other key sources of estimation uncertainty, that could cause a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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An analysis of turnover by class of business is as follows:
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Analysis of turnover by country of destination:
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Government grants receivable
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- 20 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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The operating profit is stated after charging:
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Research & development charged as an expense
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Amortisation of intangible fixed assets
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Loss on disposal of tangible fixed assets
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Depreciation of tangible fixed assets
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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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Defined contribution pension scheme costs
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The average monthly number of employees, including the directors, during the year was as follows:
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- 21 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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 1 director (2024 - 1) in respect of defined contribution pension schemes.
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Interest payable and similar expenses
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Loans from group undertakings
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Finance leases and hire purchase contracts
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- 22 -
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|
CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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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Adjustment 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 lower 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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Adjustments to tax charge in respect of previous periods - deferred tax
|
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|
|
Total tax charge for the year
|
|
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|
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Factors that may affect future tax charges
|
There were no factors that may affect future tax charges.
- 23 -
|
|
CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 24 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Assets under construction
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- 25 -
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CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Raw materials and consumables
|
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Stocks are stated after provisions of £10,263 (2024: £40,704)
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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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- 26 -
|
|
CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
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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Obligations under finance lease and hire purchase contracts
|
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Accruals and deferred income
|
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Amounts owed to group undertakings are repayable on demand and interest is payable at 1% per annum.
Bank facilities and invoice finance facilities are secured by a debenture and legal charge incorporating a fixed and floating charge over all current and future assets of the Company as well as all monies due or to become due to the Company.
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Hire purchase and finance leases
|
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Minimum lease payments under hire purchase fall due as follows:
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Hire purchase liabilities are secured against the specific assets to which they relate.
|
- 27 -
|
|
CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
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Charged to profit or loss
|
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|
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|
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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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|
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Short term timing differences
|
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Allotted, called up and fully paid
|
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|
100 (2024 - 100) Ordinary shares of £1.00 each
|
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|
|
The Ordinary share capital carries full voting rights and the right to partake in the distribution of dividends declared by the Company on this share class.
|
Profit & loss account
The Profit and Loss account reserve represents cumulative profits and losses made by the Company to date less any dividends declared.
- 28 -
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|
CHRISTEYNS PROFESSIONAL HYGIENE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
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|
|
At 31 December 2025 the Company had capital commitments as follows:
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Contracted for but not provided in these financial statements
|
|
|
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 during the year ended 31 December 2025 and amounted to £125,947 (2024: £61,810). Contributions totalling £16,297 (2024: £12,860) were payable to the fund at the reporting date and are included in creditors.
|
|
Related party transactions
|
|
|
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.
|
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.
- 29 -
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