NEMEC LIMITED

Company Registration Number:
SC388930 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

NEMEC LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

NEMEC LIMITED

Balance sheet

As at 31 March 2025


Notes

2025

2024


£

£
Fixed assets
Tangible assets: 3 29,488 37,271
Total fixed assets: 29,488 37,271
Current assets
Stocks: 21,468 17,974
Debtors: 4 37,018 42,365
Cash at bank and in hand: 21,488 9,399
Total current assets: 79,974 69,738
Creditors: amounts falling due within one year: 5 (45,589) (37,046)
Net current assets (liabilities): 34,385 32,692
Total assets less current liabilities: 63,873 69,963
Creditors: amounts falling due after more than one year: 6 (13,021) (11,550)
Provision for liabilities: (5,986) (7,081)
Total net assets (liabilities): 44,866 51,332
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 44,766 51,232
Shareholders funds: 44,866 51,332

The notes form part of these financial statements

NEMEC LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 August 2025
and signed on behalf of the board by:

Name: N WARD
Status: Director

The notes form part of these financial statements

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable , excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life ' Plant & machinery etc -25% on reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value .

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 54,510
Additions 441
At 31 March 2025 54,951
Depreciation
At 01 April 2024 17,239
Charge for year 8,224
At 31 March 2025 25,463
Net book value
At 31 March 2025 29,488
At 31 March 2024 37,271

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 0 0

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

Amount due of £45,589 is made up as follows: Hire purchase contracts £6250 Trade creditors £21943 Taxation & social security £17296 Other creditors £100

NEMEC LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

Amount of £13,021 referes to hire purchase creditors