Company Registration No. 02450772 (England and Wales)
NILPETER LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
NILPETER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
NILPETER LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
169,098
74,313
Current assets
Stocks
242,790
273,448
Debtors
5
926,639
486,787
Cash at bank and in hand
295,029
62,292
1,464,458
822,527
Creditors: amounts falling due within one year
6
(1,279,667)
(553,422)
Net current assets
184,791
269,105
Total assets less current liabilities
353,889
343,418
Creditors: amounts falling due after more than one year
7
(28,691)
(13,946)
Net assets
325,198
329,472
Capital and reserves
Called up share capital
248,505
248,505
Profit and loss reserves
76,693
80,967
Total equity
325,198
329,472

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 August 2025 and are signed on its behalf by:
N. Hughes
Director
Company registration number 02450772 (England and Wales)
NILPETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Nilpeter Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 21 Priory Tec Park, Saxon Way, Hessle, East Yorkshire, HU13 9PB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Nilpeter Limited is a wholly owned subsidiary of Nilpeter AS and the results of Nilpeter Limited are included in the consolidated financial statements of Nilpeter AS which are available from Elmedalsvej 20-22, Slagelse, DK-4200, Denmark.

1.2
Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from sales commissions receivable where the company is acting as a sales agent is recognised upon the sale of goods and equipment by the selling company and is payable at contracted rates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
10% - 25% on cost per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

NILPETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ to all of its financial instruments. The company has no financial instruments which meet the definition of "Other Financial Instruments" as set out in Section 12 of FRS 102.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

NILPETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from group companies are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is provided in full on all material timing differences that have originated but not reversed at the balance sheet date. A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are not discounted.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

The company makes payments to money purchase pension plans. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the schemes.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

NILPETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.13
Foreign exchange

All transactions between group companies are conducted in sterling with the holding company carrying the exchange risk. Other monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to profit and loss account.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
14
14
NILPETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
402,496
Additions
171,375
Disposals
(158,344)
At 30 June 2025
415,527
Depreciation and impairment
At 1 July 2024
328,183
Depreciation charged in the year
44,485
Eliminated in respect of disposals
(126,239)
At 30 June 2025
246,429
Carrying amount
At 30 June 2025
169,098
At 30 June 2024
74,313
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
802,651
390,156
Corporation tax recoverable
-
0
4,131
Other debtors
23,977
18,110
Prepayments and accrued income
87,571
61,235
914,199
473,632
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
12,440
13,155
Total debtors
926,639
486,787
NILPETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,402
10,162
Trade creditors
86,706
95,292
Amounts owed to group undertakings
834,288
144,057
Taxation and social security
143,533
69,211
Other creditors
204,738
234,700
1,279,667
553,422
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,540
13,946
Other creditors
25,151
-
0
28,691
13,946
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Christopher Moore FCA FCCA
Statutory Auditor:
Dutton Moore
Date of audit report:
15 August 2025
NILPETER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
186,978
230,554
10
Related party transactions

During the year the company had the following transactions with Nilpeter A/S, the company's parent undertaking:

 

Income: Commission receivable and warranty work etc £199,839 (2024: £506,830)

Purchases: Machinery, parts and re-charged costs £592,514 (2024: £267,834)

Management charges paid : £50,000 (2024: £50,000)

 

The amount due to Nilpeter A/S at 30th June 2025 was £672,494 (2024 : £143,364)

 

During the year the company had the following transactions with Nilpeter USA Inc, a fellow subsidiary:

 

Purchases: Parts and spares etc £51,271 (2024: £43,373)

Income: Commission receivable and parts £29,332 (2024: £584)

 

The amount owing to Nilpeter USA Inc. at 30th June 2025 was £4,680 (2024: £693)

 

During the year the company had the following transactions with Nilpeter Asia Pacific Company Limited, a fellow subsidiary:

 

Purchases: Re-charged costs £428 (2024: Nil)

 

During the year the company had the following transactions with Nilpeter India Private Limited, a fellow subsidiary:

 

Purchases: Machinery and spares etc £448,125 (2024: £884)

 

The amount due to Nilpeter India Private Limited at 30th June 2025 was £157,114 (2024: was nil)

11
Parent company

The company's immediate parent undertaking is Nilpeter A/S, a company registered in Denmark. The registered office and principal place of business of Nilpeter A/S is : Elmedalsvej. 20-22 Elmeddsvej, Slagelse Denmark.

 

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