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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
Page
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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
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NERC PRECISION ENGINEERING LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
827,875 
85,806 
Current assets
Debtors
411,879 
179,848 
Cash at bank and in hand
105,635 
59,913 
517,514 
239,761 
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 
Capital and reserves
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
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NERC PRECISION ENGINEERING LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15%
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 
Depreciation
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 
Net book value
At 31 May 2024
825,767 
1,745 
363 
827,875 
At 31 May 2023
85,082 
- 
724 
85,806 
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NERC PRECISION ENGINEERING LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
21,838 
Trade debtors
275,271 
76,046 
Accrued income and prepayments
130,608 
65,684 
Other debtors
6,000 
16,280 
411,879 
179,848 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
89,620 
31,025 
Trade creditors
- 
31,590 
Taxes and social security
15,750 
15,750 
105,370 
78,365 
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).
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