REGISTERED NUMBER: 13081129 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Nero Piling & Ground Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M W Black

Mr A J Drew

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

13081129 (England and Wales)

ACCOUNTANTS:

BPSL

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

FIXED ASSETS

Tangible assets

4

606,883

666,392

CURRENT ASSETS

Stocks

65,554

15,009

Debtors

5

855,733

698,964

Cash at bank

48,440

27,263

969,727

741,236

CREDITORS

Amounts falling due within one year

6

1,022,819

719,772

NET CURRENT (LIABILITIES)/ASSETS

(53,092

)

21,464

TOTAL ASSETS LESS CURRENT LIABILITIES

553,791

687,856

CREDITORS

Amounts falling due after more than one year

7

(291,147

)

(412,142

)

PROVISIONS FOR LIABILITIES

9

(60,803

)

(55,162

)

NET ASSETS

201,841

220,552

CAPITAL AND RESERVES

Called up share capital

101

100

Share premium

100,000

100,000

Retained earnings

101,740

120,452

201,841

220,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 22 August 2025 and were signed on its behalf by:

Mr M W Black - Director

1.	STATUTORY INFORMATION

Nero Piling & Ground Engineering 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.

Turnover

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

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Equipment

-

20% on 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

557,149

1,022

257,596

2,592

818,359

Additions

16,867

-

34,669

687

52,223

Disposals

-

-

(27,578

)

-

(27,578

)

At 31 December 2024

574,016

1,022

264,687

3,279

843,004

DEPRECIATION

At 1 January 2024

60,785

222

89,865

1,095

151,967

Charge for year

52,971

102

45,386

682

99,141

Eliminated on disposal

-

-

(14,987

)

-

(14,987

)

At 31 December 2024

113,756

324

120,264

1,777

236,121

NET BOOK VALUE

At 31 December 2024

460,260

698

144,423

1,502

606,883

At 31 December 2023

496,364

800

167,731

1,497

666,392

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

565,624

487,701

Amounts recoverable on contracts

227,671

143,015

Directors' current accounts

21,224

34,739

VAT

41,214

33,509

855,733

698,964

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

17,000

40,000

Hire purchase contracts

134,751

157,508

Trade creditors

701,035

445,507

Tax

55,955

25,461

Social security and other taxes

92,791

29,127

Other creditors

6,458

17,169

Directors' current accounts

1,429

-

Accruals and deferred income

13,400

5,000

1,022,819

719,772

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

291,147

412,142

8.	SECURED DEBTS

Within creditors there are £425,898 of hire purchase agreements secured against the related assets.

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

60,803

55,162

Deferred

tax

£

Balance at 1 January 2024

55,162

Provided during year

5,641

Balance at 31 December 2024

60,803