Cambrian Solvents Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Cambrian Solvents Limited

Company Information

Directors

I M Yarlott J P Hextall

Registered office

Unit K Mochdre Industrial Estate Mochdre Newtown SY16 4LE

Registered Number

01203074

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Cambrian Solvents Limited

(Registration number: 01203074)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	482,309	182,235
Current assets
Stocks		213,583	212,227
Debtors	5	368,867	378,071
Cash at bank and in hand		706,058	832,825
		1,288,508	1,423,123
Creditors: Amounts falling due within one year	6	(571,485)	(399,689)
Net current assets		717,023	1,023,434
Total assets less current liabilities		1,199,332	1,205,669
Provisions for liabilities		(84,065)	(34,510)
Net assets		1,115,267	1,171,159
Capital and reserves
Called up share capital		6,200	6,200
Revaluation reserve		431,098	188,705
Retained earnings		677,969	976,254
Shareholders' funds		1,115,267	1,171,159

Cambrian Solvents Limited

(Registration number: 01203074)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2025 and signed on its behalf by:
 

......................................... I M Yarlott Director

Cambrian Solvents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit K
Mochdre Industrial Estate
Mochdre
Newtown
SY16 4LE

These financial statements were authorised for issue by the Board on 20 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Cambrian Solvents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets, excluding freehold property, are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Freehold property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in other comprehensive income.

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery	- 25% on cost

Government grants

Government grants have been recognised on an accruals basis and have been recognised in the same period in which the related expense has been incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, which is equivalent to net realisable value.

The cost of finished goods and work in progress comprises all costs of purchase, direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Tax

The tax expense for the period comprises current and deferred tax. 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.

The current 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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Cambrian Solvents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Research and development

Expenditure on research and development is written off in the year in which it is incurred. The company has claimed research and development expenditure credit under the merged scheme and the related tax credit is recognised in other income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Cambrian Solvents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

Cambrian Solvents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Freehold property £	Plant and machinery £	Total £
Cost or valuation
At 1 May 2024	252,359	213,130	465,489
Revaluations	197,641	-	197,641
Additions	18,717	6,107	24,824
Disposals	-	(5,135)	(5,135)
At 30 April 2025	468,717	214,102	682,819
Depreciation
At 1 May 2024	94,752	188,502	283,254
Charge for the year	-	16,901	16,901
Eliminated on disposal	-	(4,893)	(4,893)
Revaluation adjustment	(94,752)	-	(94,752)
At 30 April 2025	-	200,510	200,510
Carrying amount
At 30 April 2025	468,717	13,592	482,309
At 30 April 2024	157,607	24,628	182,235

'Freehold property' have been valued on an 'existing use basis' by Morgan and Davies on 17 March 2025 in accordance with RICS valuation standards.

The historical cost value relating to the freehold property recognised under the revaluation model is £41,201 (2024 - £41,201).


 

Cambrian Solvents Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5

Debtors

	2025 £	2024 £
Trade debtors	309,916	344,768
Prepayments	58,652	31,804
Other debtors	299	1,499
	368,867	378,071

6

Creditors

Due within one year	2025 £	2024 £
Trade creditors	287,456	120,156
Amounts owed to group undertakings	-	7,231
Taxation and social security	237,087	177,872
Accruals and deferred income	45,113	93,026
Other creditors	1,829	1,404
	571,485	399,689

7	Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Contributions totalling £1,829 (2024 - £1,404) were payable to the fund at the reporting date.

8	Other financial commitments

The company has a cross guarantee with Confederate Chemicals GRP Limited (Parent company) for all banking facilities utilised by either company, securing all amounts on the assets of the group.