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REGISTERED NUMBER: 04233846 (England and Wales)















NU-STAR MATERIAL HANDLING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NU-STAR MATERIAL HANDLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: M J Smith
S J Erickson



SECRETARY: L E Faulkner



REGISTERED OFFICE: Lakeside
Ednaston Business Centre
Ednaston
Derbyshire
DE6 3AE



REGISTERED NUMBER: 04233846 (England and Wales)



SOLICITORS: Geldards LLP
The Arc
Enterprise Way
Nottingham
NG2 1EN

NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 131,562 94,584
Investments 5 3,125 3,125
134,687 97,709

CURRENT ASSETS
Stocks 346,069 411,716
Debtors 6 465,616 179,109
Cash at bank 440,631 459,848
1,252,316 1,050,673
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

387,960

296,496
NET CURRENT ASSETS 864,356 754,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

999,043

851,886

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(23,493

)

-

PROVISIONS FOR LIABILITIES 11 (22,465 ) (15,439 )
NET ASSETS 953,085 836,447

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 952,985 836,347
SHAREHOLDERS' FUNDS 953,085 836,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

BALANCE SHEET - continued
30 NOVEMBER 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 23 May 2025 and were signed on its behalf by:





M J Smith - Director


NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Nu-Star Material Handling 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Nu-Star Material Handling Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

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 - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised 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 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.


NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and
loss account in other administrative expenses.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange
for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 130,383 33,664 117,668
Additions - 2,123 15,440
Disposals - - (15,582 )
At 30 November 2024 130,383 35,787 117,526
DEPRECIATION
At 1 December 2023 87,377 25,930 90,695
Charge for year 11,144 1,947 10,361
Eliminated on disposal - - (15,582 )
At 30 November 2024 98,521 27,877 85,474
NET BOOK VALUE
At 30 November 2024 31,862 7,910 32,052
At 30 November 2023 43,006 7,734 26,973

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 44,055 54,362 380,132
Additions 44,070 9,920 71,553
Disposals (20,895 ) - (36,477 )
At 30 November 2024 67,230 64,282 415,208
DEPRECIATION
At 1 December 2023 27,185 54,361 285,548
Charge for year 6,659 1,236 31,347
Eliminated on disposal (17,667 ) - (33,249 )
At 30 November 2024 16,177 55,597 283,646
NET BOOK VALUE
At 30 November 2024 51,053 8,685 131,562
At 30 November 2023 16,870 1 94,584

The net book value of motor vehicles includes £40,069 (2023 - £12,209) in respect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £2,671(2023 - £4,070) for the year.

NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 3,125
NET BOOK VALUE
At 30 November 2024 3,125
At 30 November 2023 3,125

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Nu-star Poland Spólka z ograniczona odpowiedzialnoscia
Registered office: Ul. Szparagowa 25, 62-081 Wysogotowo, Poland
Nature of business: Buying and selling of machinery
%
Class of shares: holding
Ordinary 50.00
2024 2023
£    £   
Aggregate capital and reserves 70,488 113,740
Profit for the year 17,476 87,325

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 411,268 118,086
Other debtors 54,348 61,023
465,616 179,109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 12,252 6,100
Trade creditors 159,434 212,227
Taxation and social security 29,506 29,183
Other creditors 186,768 48,986
387,960 296,496

NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 23,493 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 12,252 6,100
Between one and five years 23,493 -
35,745 6,100

Non-cancellable operating leases
2024 2023
£    £   
Within one year 52,900 52,900
Between one and five years 211,600 211,600
In more than five years 185,150 238,050
449,650 502,550

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 35,745 6,100

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 22,465 15,439

NU-STAR MATERIAL HANDLING LIMITED (REGISTERED NUMBER: 04233846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2023 15,439
Provided during year 7,026
Balance at 30 November 2024 22,465

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Share capital 1 £1 100 100

13. RELATED PARTY DISCLOSURES

Nu-Star Inc.

Parent undertaking


T C Nu-Star Inc owned 50% of the share capital of Nu-Star Material Handling Limited.

During the year Nu-Star Material Handling Limited purchased goods from T C Nu-Star Inc totalling £60,924 (2023: £nil) and made sales to T C Nu-Star Inc totalling £102,282 (2023: £3,009). At the year end the company was owed £25,659 (2023: £3,009) by TC Nu-Star Inc.

Nu-star Poland Spólka z ograniczona odpowiedzialnoscia

50% subsidiary


During the year Nu-Star Material Handling Limited sold goods to Nu-Star Poland to the value of £159,446 (2023: £90,487) and purchased goods from Nu-Star Poland to the value of £4,837 (2023: £108,072). At the year end the company owed £4,226 (2023: £nil) to Nu-Star Poland.

Dividends of £29,581 (2023: £nil) were received by the company from Nu-Star Poland.

14. CONTROLLING PARTY

The company is controlled by its directors.