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REGISTERED NUMBER: 08742528 (England and Wales)















Financial Statements for the Year Ended 31st October 2023

for

Nuclear NDT Ltd

Nuclear NDT Ltd (Registered number: 08742528)

Contents of the Financial Statements
for the year ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nuclear NDT Ltd

Company Information
for the year ended 31st October 2023







DIRECTORS: C M Spree
D Spree





REGISTERED OFFICE: Unit 3C
Brickmakers Industrial Estate
Castle Road
Sittingbourne
Kent
ME10 3RL





REGISTERED NUMBER: 08742528 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Nuclear NDT Ltd (Registered number: 08742528)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,579 54,711

CURRENT ASSETS
Debtors 5 140,308 141,837
Cash at bank 1,010 474
141,318 142,311
CREDITORS
Amounts falling due within one year 6 52,052 57,105
NET CURRENT ASSETS 89,266 85,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,845

139,917

CREDITORS
Amounts falling due after more than one
year

7

(17,688

)

(27,540

)

PROVISIONS FOR LIABILITIES (6,501 ) (5,000 )
NET ASSETS 107,656 107,377

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,556 107,277
107,656 107,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

Nuclear NDT Ltd (Registered number: 08742528)

Balance Sheet - continued
31st October 2023


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 30th July 2024 and were signed on its behalf by:





C M Spree - Director


Nuclear NDT Ltd (Registered number: 08742528)

Notes to the Financial Statements
for the year ended 31st October 2023


1. STATUTORY INFORMATION

Nuclear NDT Ltd 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.

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 reducing balance and 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Nuclear NDT Ltd (Registered number: 08742528)

Notes to the Financial Statements - continued
for the year ended 31st October 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 113,990
DEPRECIATION
At 1st November 2022 59,279
Charge for year 12,132
At 31st October 2023 71,411
NET BOOK VALUE
At 31st October 2023 42,579
At 31st October 2022 54,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors and prepayments 140,308 141,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,078
Hire purchase contracts 11,210 21,367
Trade creditors 1,054 2,554
Corporation tax 25,545 21,215
Social security and other taxes 3,330 862
Other creditors and accruals 913 1,029
52,052 57,105

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 17,688 27,540

Nuclear NDT Ltd (Registered number: 08742528)

Notes to the Financial Statements - continued
for the year ended 31st October 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 11,210 21,367

The loans in respect of the hire purchase contracts are secured against the assets to which they relate.

9. RELATED PARTY DISCLOSURES

During the year under review, the company has charged rent of £25,848 to Spree NDT Co Ltd, for use of equipment. At the Balance Sheet date the company was owed £140,308 (2022 - £141,837) by Spree NDT Co Ltd.