Company Registration No. 11385218 (England and Wales)
NERC PRECISION ENGINEERING LIMITED
AMENDED - Unaudited accounts
for the year ended 31 May 2024
NERC PRECISION ENGINEERING LIMITED
AMENDED - Unaudited accounts
Contents
NERC PRECISION ENGINEERING LIMITED
Company Information
for the year ended 31 May 2024
Director
Konrad Kamil Nerc
Company Number
11385218 (England and Wales)
Registered Office
Unit 7a
Longhope Business Park
Longhope
GL17 0QZ
ENGLAND
Accountants
Kamil Patzer - Patzer Ltd
9 Jacaranda Close
Bridgwater
Somerset
TA5 2SP
NERC PRECISION ENGINEERING LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
827,875
85,806
Cash at bank and in hand
105,635
59,913
Creditors: amounts falling due within one year
(105,370)
(78,365)
Net current assets
412,144
161,396
Total assets less current liabilities
1,240,019
247,202
Creditors: amounts falling due after more than one year
(718,215)
-
Net assets
521,804
247,202
Profit and loss account
521,804
247,202
Shareholders' funds
521,804
247,202
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Konrad Kamil Nerc
Director
Company Registration No. 11385218
NERC PRECISION ENGINEERING LIMITED
Notes to the Accounts
for the year ended 31 May 2024
NERC PRECISION ENGINEERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11385218. The registered office is Unit 7a, Longhope Business Park, Longhope, GL17 0QZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
241,457
-
1,807
243,264
Additions
799,630
1,837
-
801,467
At 31 May 2024
1,041,087
1,837
1,807
1,044,731
At 1 June 2023
156,375
-
1,083
157,458
Charge for the year
58,945
92
361
59,398
At 31 May 2024
215,320
92
1,444
216,856
At 31 May 2024
825,767
1,745
363
827,875
At 31 May 2023
85,082
-
724
85,806
NERC PRECISION ENGINEERING LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
275,271
76,046
Accrued income and prepayments
130,608
65,684
Other debtors
6,000
16,280
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,750
15,750
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
718,215
-
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).