REGISTERED NUMBER: 03942878 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NITON UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M I Sibbald

REGISTERED OFFICE:

Unit 19 The Calvert Centre

Woodmancott

Winchester

Hampshire

SO21 3BN

REGISTERED NUMBER:

03942878 (England and Wales)

FIXED ASSETS

Tangible assets

4

331,114

481,785

Investments

5

1

1

331,115

481,786

CURRENT ASSETS

Stocks

1,023,459

962,835

Debtors

6

1,137,035

1,047,776

Cash at bank

2,160,067

1,110,076

4,320,561

3,120,687

CREDITORS

Amounts falling due within one year

7

1,482,510

1,041,140

NET CURRENT ASSETS

2,838,051

2,079,547

TOTAL ASSETS LESS CURRENT LIABILITIES

3,169,166

2,561,333

CAPITAL AND RESERVES

Called up share capital

8

500

500

Retained earnings

3,168,666

2,560,833

SHAREHOLDERS' FUNDS

3,169,166

2,561,333

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 director acknowledges his 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 23 September 2025 and were signed by:

M I Sibbald - Director

1.	STATUTORY INFORMATION

Niton 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.

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

-

at varying rates on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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

Interest on finance leases is charged to the profit and loss account using the effective interest rate.

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 16 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

666,439

153,359

287,144

22,458

1,129,400

Additions

34,716

-

-

-

34,716

Disposals

(31,381

)

-

(97,809

)

-

(129,190

)

At 31 December 2024

669,774

153,359

189,335

22,458

1,034,926

DEPRECIATION

At 1 January 2024

448,422

128,151

52,961

18,081

647,615

Charge for year

48,708

7,735

66,179

2,105

124,727

Eliminated on disposal

(25,840

)

-

(42,690

)

-

(68,530

)

At 31 December 2024

471,290

135,886

76,450

20,186

703,812

NET BOOK VALUE

At 31 December 2024

198,484

17,473

112,885

2,272

331,114

At 31 December 2023

218,017

25,208

234,183

4,377

481,785

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

189,042

315,211

Amounts owed by group undertakings

28,371

28,371

Other debtors

919,622

704,194

1,137,035

1,047,776

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

250

1,765

Trade creditors

663,718

492,470

Taxation and social security

602,700

392,510

Other creditors

215,842

154,395

1,482,510

1,041,140

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

500

Ordinary

£1

500

500

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M I Sibbald.

The ultimate controlling party is M I Sibbald.