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Registration number: 06774848

Nistec UK Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Nistec UK Ltd

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

iXBRL Detailed Profit and Loss Account

6

 

Nistec UK Ltd

Company Information

Directors

Adam Houghton

Mr Ben Seymour

Registered office

8 Spur Road
Cosham
Portsmouth
Hampshire
PO6 3EB

Accountants

AIMS
3 Glamis Close
Waterlooville
Hants
PO7 8JN

 

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Nistec UK Ltd
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nistec UK Ltd for the year ended 31 December 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants in England and Wales (CIMA), we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Nistec UK Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Nistec UK Ltd and state those matters that we have agreed to state to the Board of Directors of Nistec UK Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nistec UK Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Nistec UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nistec UK Ltd. You consider that Nistec UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Nistec UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS
3 Glamis Close
Waterlooville
Hants
PO7 8JN

27 August 2024

 

Nistec UK Ltd

Profit and Loss Account for the Year Ended 31 December 2023

2023
£

2022
£

Turnover

182,612

150,990

Cost of raw materials and consumables

(77,048)

(58,748)

Staff costs

(24,710)

(24,102)

Depreciation and other amounts written off assets

(636)

(6,022)

Other charges

(28,066)

(26,847)

Profit before tax

52,152

35,271

Tax on profit

(10,195)

(7,846)

Profit for the year

41,957

27,425

 

Nistec UK Ltd

(Registration number: 06774848)
Balance Sheet as at 31 December 2023

2023
£

2022
£

Fixed assets

1,909

2,545

Current assets

56,405

57,370

Creditors: Amounts falling due within one year

(36,968)

(29,951)

Net current assets

19,437

27,419

Total assets less current liabilities

21,346

29,964

Creditors: Amounts falling due after more than one year

(21,041)

(29,826)

 

305

138

Capital and reserves

305

138

1

General information

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

The address of its registered office is:
8 Spur Road
Cosham
Portsmouth
Hampshire
PO6 3EB

These financial statements were authorised for issue by the Board on 27 August 2024.

Basis of preparation

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

For the financial year ending 31 December 2023 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.

 

Nistec UK Ltd

(Registration number: 06774848)
Balance Sheet as at 31 December 2023

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:
 

.........................................
Adam Houghton
Director

 

Nistec UK Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2023

2023
£

2022
£

Turnover/revenue

182,612

150,990

Cost of sales

Opening stock/inventories

-

-

Purchase of raw materials and consumables

(77,048)

(58,748)

Closing stock/inventories

-

-

Salaries and fees, directors

(24,710)

(24,102)

Gross profit

80,854

68,140

Distribution costs

Depreciation of fixed assets

(636)

(6,022)

Administrative expenses

Audit and accountancy other services

(1,304)

(1,260)

Advertising, promotions and marketing costs

(2,773)

(2,060)

Rent, rates and services costs

(17,105)

(16,163)

Utilities costs

(1,449)

(611)

Other repairs and maintenance costs

(980)

(760)

Vehicle costs

(96)

(740)

Bank charges

(233)

(297)

Insurance costs

(2,829)

(2,829)

Telecommunications

(1,297)

(1,800)

Printing, postage and stationery

-

(90)

Other costs

-

(237)

Other operating income

Other items

Profit on ordinary activities before taxation

52,152

35,271

Tax on profit or loss on ordinary activities

(10,195)

(7,846)

Profit for the financial year

41,957

27,425