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REGISTERED NUMBER: 02689666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

N.S.I. (UK) LTD

N.S.I. (UK) LTD (REGISTERED NUMBER: 02689666)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N.S.I. (UK) LTD

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr J A Shaw
Mrs D Shaw
Mrs M Littlewood



SECRETARY: Mrs D Shaw



REGISTERED OFFICE: James Nasmyth Way
Eccles
Manchester
Greater Manchester
M30 0SF



REGISTERED NUMBER: 02689666 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Bank of Scotland
P O Box 1000
BX2 1LB

N.S.I. (UK) LTD (REGISTERED NUMBER: 02689666)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 338,410 325,381
Investments 5 756,075 744,723
1,094,485 1,070,104

CURRENT ASSETS
Stocks 675,615 835,610
Debtors 6 2,057,641 2,199,466
Cash at bank 186,644 187,014
2,919,900 3,222,090
CREDITORS
Amounts falling due within one year 7 434,416 486,243
NET CURRENT ASSETS 2,485,484 2,735,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,579,969

3,805,951

CREDITORS
Amounts falling due after more than one
year

8

16,667

26,667
NET ASSETS 3,563,302 3,779,284

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 3,563,300 3,779,282
SHAREHOLDERS' FUNDS 3,563,302 3,779,284

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

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

N.S.I. (UK) LTD (REGISTERED NUMBER: 02689666)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mr J A Shaw - Director


N.S.I. (UK) LTD (REGISTERED NUMBER: 02689666)

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


1. STATUTORY INFORMATION

N.S.I. (UK) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - not depreciated
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 33% on cost, 25% on cost and 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

N.S.I. (UK) LTD (REGISTERED NUMBER: 02689666)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 283,264 13,024 128,809
Additions - - -
At 31 August 2024 283,264 13,024 128,809
DEPRECIATION
At 1 September 2023 - 11,788 112,979
Charge for year - 985 2,383
At 31 August 2024 - 12,773 115,362
NET BOOK VALUE
At 31 August 2024 283,264 251 13,447
At 31 August 2023 283,264 1,236 15,830

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 138,376 160,609 724,082
Additions 28,700 1,214 29,914
At 31 August 2024 167,076 161,823 753,996
DEPRECIATION
At 1 September 2023 131,182 142,752 398,701
Charge for year 8,354 5,163 16,885
At 31 August 2024 139,536 147,915 415,586
NET BOOK VALUE
At 31 August 2024 27,540 13,908 338,410
At 31 August 2023 7,194 17,857 325,381

N.S.I. (UK) LTD (REGISTERED NUMBER: 02689666)

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


5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 September 2023 744,723
Additions 171,982
Disposals (250,393 )
Revaluations 89,763
At 31 August 2024 756,075
NET BOOK VALUE
At 31 August 2024 756,075
At 31 August 2023 744,723

Cost or valuation at 31 August 2024 is represented by:

Unlisted
investments
£   
Valuation in 2024 756,075

The fixed asset revaluation amount represents unrealised gains held by the company in an investment portfolio that is managed by Hargreaves Lansdown.

6. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 179,014 236,995
Amounts owed by participating interests - 1,889,860
Other debtors 111,047 72,611
290,061 2,199,466

Amounts falling due after more than one year:
Amounts owed by participating interests 1,767,580 -

Aggregate amounts 2,057,641 2,199,466

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 72,571 175,484
Taxation and social security 291,380 292,011
Other creditors 70,465 18,748
434,416 486,243

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 16,667 26,667

N.S.I. (UK) LTD (REGISTERED NUMBER: 02689666)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 78,000 78,000
Between one and five years 250,250 328,250
328,250 406,250

10. RELATED PARTY DISCLOSURES

Spenson Properties Ltd - Mr J A Shaw is a director of the company. At the year end date, there is a balance due from Spenson Properties Ltd totalling £1,767,580 (2023 - £1,888,260).

11. CONTROLLING PARTY

The controlling party is Mr J A Shaw.

Mr J A Shaw is a 100% shareholder and the managing director of the company.