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REGISTERED NUMBER: 02036655 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NITEC (UK) LIMITED

NITEC (UK) LIMITED (REGISTERED NUMBER: 02036655)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NITEC (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mrs M Cooper





SECRETARY: Mrs M Cooper





REGISTERED OFFICE: Cbe+ Williamthorpe Industrial Park
Holmewood
Chesterfield
S42 5UZ





REGISTERED NUMBER: 02036655 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

NITEC (UK) LIMITED (REGISTERED NUMBER: 02036655)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,383,467 1,574,504

CURRENT ASSETS
Debtors 5 3,631,696 3,631,695

CREDITORS
Amounts falling due within one year 6 3,074,088 2,637,052
NET CURRENT ASSETS 557,608 994,643
TOTAL ASSETS LESS CURRENT LIABILITIES 1,941,075 2,569,147

CREDITORS
Amounts falling due after more than
one year

7

(242,383

)

(615,043

)

PROVISIONS FOR LIABILITIES (256,000 ) (256,000 )
NET ASSETS 1,442,692 1,698,104

CAPITAL AND RESERVES
Called up share capital 9 1,000,056 1,000,056
Capital redemption reserve 44 44
Retained earnings 442,592 698,004
SHAREHOLDERS' FUNDS 1,442,692 1,698,104

NITEC (UK) LIMITED (REGISTERED NUMBER: 02036655)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 5 March 2025 and were signed by:





Mrs M Cooper - Director


NITEC (UK) LIMITED (REGISTERED NUMBER: 02036655)

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

1. STATUTORY INFORMATION

Nitec (Uk) 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold land and buildings10% on cost
Fixtures and fittings15% and 25% on cost
Plant and equipment10% on cost
Computer equipment25% on cost
Motor vehicles20% on cost

Tangible fixed assets are originally recognised at cost (or deemed cost). Cost includes all directly attributable to making the asset capable of operating as intended.


NITEC (UK) LIMITED (REGISTERED NUMBER: 02036655)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

NITEC (UK) LIMITED (REGISTERED NUMBER: 02036655)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2023 411,722 3,235,879 114,690
Disposals - (1,198,709 ) (92,860 )
At 30 September 2024 411,722 2,037,170 21,830
DEPRECIATION
At 1 October 2023 259,821 1,820,423 107,806
Charge for year - 187,498 3,275
Eliminated on disposal - (1,198,708 ) (92,860 )
At 30 September 2024 259,821 809,213 18,221
NET BOOK VALUE
At 30 September 2024 151,901 1,227,957 3,609
At 30 September 2023 151,901 1,415,456 6,884

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 89,088 144,209 3,995,588
Disposals - - (1,291,569 )
At 30 September 2024 89,088 144,209 2,704,019
DEPRECIATION
At 1 October 2023 89,088 143,946 2,421,084
Charge for year - 263 191,036
Eliminated on disposal - - (1,291,568 )
At 30 September 2024 89,088 144,209 1,320,552
NET BOOK VALUE
At 30 September 2024 - - 1,383,467
At 30 September 2023 - 263 1,574,504

NITEC (UK) LIMITED (REGISTERED NUMBER: 02036655)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts due from group 3,631,696 3,631,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 158,921 203,827
Trade creditors - 57,452
Amounts owed to group undertak 56 56
Social security and other taxes 23,716 23,716
VAT 142,919 248,074
Other creditors 2,748,476 2,103,927
3,074,088 2,637,052

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 8) 41,290 187,960
Other creditors 201,093 427,083
242,383 615,043

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 158,921 203,827
Between one and five years 41,290 187,960
200,211 391,787

NITEC (UK) LIMITED (REGISTERED NUMBER: 02036655)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
56 Ordinary £1 56 56
1,000,000 Ordinary A Shares £1 1,000,000 1,000,000
1,000,056 1,000,056

10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is CBE+ Holdings Limited.

The parent company's registered office is;

Cbe+Williamthorpe Industrial Park
Holmewood
Chesterfield
S42 5UZ