REGISTERED NUMBER: 00707869 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2026

for

Orseal Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Dunbar

Mr A Gibson

Mrs J Caldwell

Mr M Hurst

Mr S Speak

SECRETARY:

Mr S J Dunbar

REGISTERED OFFICE:

Lynstock Way

Lostock

Bolton

Lancashire

BL6 4QR

REGISTERED NUMBER:

00707869 (England and Wales)

ACCOUNTANTS:

Fact3

3 Hardman Square

Spinningfields

Manchester

M3 3EB

FIXED ASSETS

Intangible assets

4

1,590

4,120

Tangible assets

5

13,178

16,096

14,768

20,216

CURRENT ASSETS

Stocks

348,202

359,337

Debtors

6

529,146

1,030,457

Cash at bank

500,212

579,208

1,377,560

1,969,002

CREDITORS

Amounts falling due within one year

7

387,419

798,681

NET CURRENT ASSETS

990,141

1,170,321

TOTAL ASSETS LESS CURRENT LIABILITIES

1,004,909

1,190,537

PROVISIONS FOR LIABILITIES

8

3,709

5,071

NET ASSETS

1,001,200

1,185,466

CAPITAL AND RESERVES

Called up share capital

93,750

93,750

Retained earnings

9

907,450

1,091,716

1,001,200

1,185,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 9 October 2026 and were signed on its behalf by:

Mr S J Dunbar - Director

1.	STATUTORY INFORMATION

Orseal 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

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.

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 9 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

37,162

AMORTISATION

At 1 April 2025

33,042

Charge for year

2,530

At 31 March 2026

35,572

NET BOOK VALUE

At 31 March 2026

1,590

At 31 March 2025

4,120

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

68,963

Additions

1,726

At 31 March 2026

70,689

DEPRECIATION

At 1 April 2025

52,867

Charge for year

4,644

At 31 March 2026

57,511

NET BOOK VALUE

At 31 March 2026

13,178

At 31 March 2025

16,096

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

265,582

675,704

Amounts owed by group undertakings

223,038

323,337

Other debtors

40,526

31,416

529,146

1,030,457

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

144,121

176,717

Amounts owed to group undertakings

-

120,905

Taxation and social security

151,774

201,579

Other creditors

91,524

299,480

387,419

798,681

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

3,709

5,071

Deferred

tax

£

Balance at 1 April 2025

5,071

Credit to Income Statement during year

(1,362

)

Balance at 31 March 2026

3,709

9.

RESERVES

Retained

earnings

£

At 1 April 2025

1,091,716

Deficit for the year

(184,266

)

At 31 March 2026

907,450

10.	RELATED PARTY DISCLOSURES

During the year the company was charged £76,000 (2025: £76,000) in management charges and £32,500 (2025: £32,500) rent by its ultimate parent company, Richard Threlfall Group Limited . The Company received interest of £nil (2025: £nil) from Richard Threlfall Group Limited. The balance due from Richard Threlfall Group Limited as at 31 March 2026 was £58,038 (2025 due to: £120,905).

The balance due from Silteq Limited as at 31 March 2026 was £165,000 (2025 due from: £323,337).

All transactions were carried out on an arm's length basis.

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Richard Threlfall Group Limited by virtue of owing 100% of the issued share capital of the company.