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Registrar

Registration number: 09822448

NH3 Engineering Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

NH3 Engineering Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

NH3 Engineering Limited

Company Information

Directors

J A Ball

Company secretary

J A Ball

Registered office

1 Minton Enterprise Park
Oaks Drive
Newmarket
Suffolk
CB8 7YY

Bankers

Lloyds Bank
Bury St. Edmunds
28-34 Risbygate Street
Bury St Edmunds
Suffolk
IP33 3AH

Accountants

Lambert Chapman LLP
Chartered accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

NH3 Engineering Limited

(Registration number: 09822448)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

1,125

2,025

Tangible assets

5

79,111

151,001

 

80,236

153,026

Current assets

 

Stocks

-

330,309

Debtors

6

72,675

134,304

Cash at bank and in hand

 

300,332

662,883

 

373,007

1,127,496

Creditors: Amounts falling due within one year

7

(153,139)

(977,399)

Net current assets

 

219,868

150,097

Total assets less current liabilities

 

300,104

303,123

Provisions for liabilities

(19,778)

(37,750)

Net assets

 

280,326

265,373

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

280,226

265,273

Shareholders' funds

 

280,326

265,373

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 June 2025
 

J A Ball
Company secretary and director

 

NH3 Engineering Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office and principle place of business is: 1 Minton Enterprise Park, Oaks Drive, Newmarket, Suffolk, CB8 7YY.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the installation and maintenance of air conditioning and refrigeration units. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Amounts recoverable on long term contracts are stated at expected sales value and recognised by reference to the stage of completion. Calculated costs on contracts to the balance sheet date are recognised by reference to the stage of completion of the contract.

Government grants

Government grants are recognised as income in the period they are received as they do not relate to specific time frames or are for the reimbursement of expenditure.

Tax

Deferred income tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

NH3 Engineering Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing Balance

Office and computer equipment

25% Reducing Balance

Motor vehicles

25% Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 Years Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

NH3 Engineering Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Long term employee benefits

The holiday year for NH3 Engineering Limited runs to 31 December 2025.

Any unused holiday can only be carried forward at the discretion of the directors. The cost of any unused entitlement is recognised in the period in which the employee's services are received.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 5).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2024

9,000

9,000

At 31 January 2025

9,000

9,000

Amortisation

At 1 February 2024

6,975

6,975

Amortisation charge

900

900

At 31 January 2025

7,875

7,875

Carrying amount

At 31 January 2025

1,125

1,125

At 31 January 2024

2,025

2,025

 

NH3 Engineering Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

5

Tangible assets

Office and computer equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2024

10,858

159,540

4,412

174,810

Additions

6,761

-

-

6,761

Disposals

(2,838)

(54,810)

-

(57,648)

At 31 January 2025

14,781

104,730

4,412

123,923

Depreciation

At 1 February 2024

1,660

21,378

771

23,809

Charge for the year

2,728

34,540

910

38,178

Eliminated on disposal

(961)

(16,214)

-

(17,175)

At 31 January 2025

3,427

39,704

1,681

44,812

Carrying amount

At 31 January 2025

11,354

65,026

2,731

79,111

At 31 January 2024

9,198

138,162

3,641

151,001

6

Debtors

2025
£

2024
£

Trade debtors

28,174

48,928

Other debtors

29,335

71,422

Prepayments

15,166

13,954

72,675

134,304

 

NH3 Engineering Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

114,813

268,928

Directors loan account

2,381

1,882

Other creditors

1,949

7,661

Taxation and social security

28,568

75,064

Accruals and deferred income

5,428

623,864

153,139

977,399

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100