CHELSOM LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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.”

Group structure

1. CHELSOM LIMITED · parent
   1. Chelsom Hong Kong Limited 100% · Hong Kong · Dormant

Significant events

• “During the year 2024, Chelsom remained focused on its core activities of designing, manufacturing and supplying decorative contract lighting to the hospitality and marine markets globally.”
• “A number of significant projects which were supposed to come to fruition in the 2024 year were delayed with deliveries moving into 2025.”
• “A number of cost cutting initiatives including staff redundancies were implemented during the year and these show substantial savings in expenditure within budget forecasts for 2025.”
• “The new ERP and CRM computer systems introduced at the beginning of the year have allowed a much greater in-depth review of all sections of the business enabling more depth of management information on which to build future policies.”
• “The decision was taken to cease producing a paper catalogue but to go forward with an extremely strong and market leading website making products and all other company information readily available to worldwide specifiers.”
• “On 8 September 2022, Chelsom Limited were issued with a copyright infringement claim from a lighting company in Spain over some of their lighting designs. No provision has been made in the accounts relating to this claim and there is no possibility of reimbursement by insurers. Significant progress has been made throughout 2024 and The Directors now expect the claim to be settled before the end of the current financial year with no further costs and no compensation payable on either side.”
• “During the year the company entered into forward contracts to buy US Dollar ($) at a certain rate. The amount of contracts not drawn down at the year end equates to £1,852,808 in sterling (2023: £1,010,892).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -3.3%

  £11,825,550 → £11,430,976

• Cash

  +55%

  £222,035 → £344,141

• Net assets

  -5.5%

  £2,837,842 → £2,681,708

  lowest in 6 filed years

• Employees

  -7.5%

  67 → 62

• Operating profit

  -84.2%

  £513,056 → £80,988

  lowest in 4 filed years

• Profit before tax

  -88.8%

  £503,135 → £56,574

  first positive since 2022

• Wages

  -0.5%

  £2,356,801 → £2,344,156

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers