Cryoquip Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03444091

Cryoquip Limited

Filleted Financial Statements

31 December 2025

Cryoquip Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Directors' responsibilities statement	1

Statement of financial position	2

Notes to the financial statements	3

Cryoquip Limited

Directors' Responsibilities Statement

Year ended 31 December 2025

The directors are responsible for preparing 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - 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 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.

Cryoquip Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		109,133	108,452

Current assets

Stocks		1,083,545	1,113,438
Debtors	6	2,459,701	1,623,923
Cash at bank and in hand		238,550	93,169
		------------	------------
		3,781,796	2,830,530

Creditors: amounts falling due within one year	7	2,110,889		1,339,451
		------------		------------
Net current assets			1,670,907	1,491,079
			------------	------------
Total assets less current liabilities			1,780,040	1,599,531

Provisions

Taxation including deferred tax	26,308	26,308
	------------	------------
Net assets	1,753,732	1,573,223
	------------	------------

Capital and reserves

Called up share capital	1,031,678	1,031,678
Profit and loss account	722,054	541,545
	------------	------------
Shareholders funds	1,753,732	1,573,223
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 14 September 2026 , and are signed on behalf of the board by:

Mr C Colizzi

Director

Company registration number: 03444091

Cryoquip Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Revenue is comprised of the fair value of the consideration received or receivable net of VAT for the sale of goods and rendering of services in the ordinary course of the company's activities. Revenue is recognised at the point of invoice which is when significantly all of the risks and rewards have been transferred to the customer. Revenue from freight is presented net of expenses where the company acts as agent to the arrangement.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Rentals paid under operating leases are charged to income as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	Over the life of the lease
Plant and machinery	-	4 - 10 year straight line
Fixtures and fittings	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 37 (2024: 37 ).

5. Tangible assets

	Leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 January 2025	56,059	273,864	9,223	339,146
Additions	–	27,724	8,402	36,126
	--------	---------	--------	---------
At 31 December 2025	56,059	301,588	17,625	375,272
	--------	---------	--------	---------
Depreciation
At 1 January 2025	48,226	176,740	5,728	230,694
Charge for the year	538	32,177	2,730	35,445
	--------	---------	--------	---------
At 31 December 2025	48,764	208,917	8,458	266,139
	--------	---------	--------	---------
Carrying amount
At 31 December 2025	7,295	92,671	9,167	109,133
	--------	---------	--------	---------
At 31 December 2024	7,833	97,124	3,495	108,452
	--------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	870,479	1,533,821
Other debtors	1,589,222	90,102
	------------	------------
	2,459,701	1,623,923
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,160,566	1,030,844
Amounts owed to group undertakings and undertakings in which the company has a participating interest	134,085	–
Social security and other taxes	51,933	38,493
Other creditors	764,305	270,114
	------------	------------
	2,110,889	1,339,451
	------------	------------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	190,000	190,000
Later than 1 year and not later than 5 years	554,167	744,167
	---------	---------
	744,167	934,167
	---------	---------

9. Summary audit opinion

The auditor's report dated 30 September 2026 was unqualified .

The senior statutory auditor was Stuart Harris BSc BFP ACA , for and on behalf of Burgess Hodgson Audit Limited .

10. Related party transactions

At the year end the company had trade debtors of £58,064 (2024: £267,441) and trade creditors of £588,176 (2024: £47,125) with group companies. At the year end the company had a loan of £134,085 (2024: £nil) due to group companies.

11. Controlling party

The company is a wholly owned subsidiary of Cryoquip LLC, a company incorporated in the USA. The company's address is 25720 Jefferson Avenue, Murrieta, CA 92562, USA. The ultimate parent of the group is Nikkiso Co., Ltd , a company incorporated in Japan. The company's address is 4-20-3 Ebisu Shibuya-Ku, 150-6022 Japan .