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REGISTERED NUMBER: 13612371 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Nexus Electrical Engineering Limited

Nexus Electrical Engineering Limited (Registered number: 13612371)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nexus Electrical Engineering Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G Scarborough
M G Harris
D L Curtis





REGISTERED OFFICE: 571a London Road
North Cheam
Sutton
United Kingdom
SM3 9AE





REGISTERED NUMBER: 13612371 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Nexus Electrical Engineering Limited (Registered number: 13612371)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 899 1,315

CURRENT ASSETS
Debtors 5 21,599 18,871
Cash at bank 19,399 8,782
40,998 27,653
CREDITORS
Amounts falling due within one year 6 (38,171 ) (28,082 )
NET CURRENT ASSETS/(LIABILITIES) 2,827 (429 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,726 886

PROVISIONS FOR LIABILITIES (225 ) (329 )
NET ASSETS 3,501 557

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,401 457
3,501 557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Nexus Electrical Engineering Limited (Registered number: 13612371)

Balance Sheet - continued
31 May 2024


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 24 February 2025 and were signed on its behalf by:





G Scarborough - Director


Nexus Electrical Engineering Limited (Registered number: 13612371)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Nexus Electrical Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

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 - 25% on cost
Computer equipment - 33% on cost

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.

Nexus Electrical Engineering Limited (Registered number: 13612371)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

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 2 (2023 - NIL ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 1,375 217 1,592
DEPRECIATION
At 1 June 2023 229 48 277
Charge for year 344 72 416
At 31 May 2024 573 120 693
NET BOOK VALUE
At 31 May 2024 802 97 899
At 31 May 2023 1,146 169 1,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 16,986 10,301
Amounts owed by group undertakings 2,600 7,100
Other debtors 500 500
Directors' current accounts 1,513 213
Prepayments - 757
21,599 18,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 4,607 17,528
Amounts owed to group undertakings 15,825 7,825
Tax 2,270 1,081
Social security and other taxes 362 208
VAT 13,974 1,205
Other creditors 1,133 235
38,171 28,082