REGISTERED NUMBER: 01291684 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KLINGE CHEMICALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Campbell

S Klinge

M Klinge

SECRETARY:

R Templeton

REGISTERED OFFICE:

One

Fleet Place

London

EC4M 7WS

REGISTERED NUMBER:

01291684 (England and Wales)

AUDITORS:

McLay, McAlister & McGibbon LLP

Chartered Accountants and Statutory Auditors

145 St. Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

5

1,481,490

1,603,714

Investments

6

108

108

1,481,598

1,603,822

CURRENT ASSETS

Stocks

1,244,476

1,218,809

Debtors

7

1,160,794

807,548

Cash at bank and in hand

874,781

831,732

3,280,051

2,858,089

CREDITORS

Amounts falling due within one year

8

1,656,111

1,447,190

NET CURRENT ASSETS

1,623,940

1,410,899

TOTAL ASSETS LESS CURRENT LIABILITIES

3,105,538

3,014,721

PROVISIONS FOR LIABILITIES

10

123,778

146,078

NET ASSETS

2,981,760

2,868,643

CAPITAL AND RESERVES

Called up share capital

1,110,000

1,110,000

Capital redemption reserve

70,000

70,000

Retained earnings

1,801,760

1,688,643

2,981,760

2,868,643

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

M Klinge - Director

1.	STATUTORY INFORMATION

Klinge Chemicals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Klinge Chemicals Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

Straight line over 50 years

Long leasehold

-

Straight line over 58 years

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Other investments are recognised initially at fair value which is normally the transaction price excluding the transaction costs.Subsequently, they are measured at fair value through profit and loss if they are publicly traded or their fair value can otherwise be measured reliably.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 41 ) .

4.	AUDITORS' REMUNERATION

31.12.25

31.12.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

16,800

19,500

5.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

Motor

property

leasehold

machinery

vehicles

Totals

£

£

£

£

£

Cost

At 1 January 2025

1,392,084

146,752

5,249,878

90,799

6,879,513

Additions

-

-

33,298

-

33,298

At 31 December 2025

1,392,084

146,752

5,283,176

90,799

6,912,811

Depreciation

At 1 January 2025

480,172

81,752

4,628,656

85,219

5,275,799

Charge for year

27,566

2,500

125,456

-

155,522

At 31 December 2025

507,738

84,252

4,754,112

85,219

5,431,321

Net book value

At 31 December 2025

884,346

62,500

529,064

5,580

1,481,490

At 31 December 2024

911,912

65,000

621,222

5,580

1,603,714

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 January 2025

and 31 December 2025

108

Net book value

At 31 December 2025

108

At 31 December 2024

108

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

964,381

584,248

Other debtors

196,413

223,300

1,160,794

807,548

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

87,315

65,167

Amounts owed to group undertakings

2,181

4,002

Taxation and social security

503,674

227,009

Other creditors

1,062,941

1,151,012

1,656,111

1,447,190

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

33,815

28,248

Between one and five years

109,037

104,356

In more than five years

549,662

565,292

692,514

697,896

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

123,778

146,078

Deferred

tax

£

Balance at 1 January 2025

146,078

Provided during year

(22,300

)

Balance at 31 December 2025

123,778

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

George Macshannon (Senior Statutory Auditor)

for and on behalf of McLay, McAlister & McGibbon LLP

12.	RELATED PARTY DISCLOSURES

Balances of £2,181 (2024: £4,002) are due to group companies. These are interest free and repayable on demand.

Other creditors include balances of £720,000 (2024 :£740,000) due to the directors. These are interest free and repayable on demand.