REGISTERED NUMBER: 03432346 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NEMESIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Chance

M Cooper

S Bruce

SECRETARY:

Mrs N G Chance

REGISTERED OFFICE:

1 Indurent Park

Norton Road

Broomhall

Worcester

Worcestershire

WR5 2QR

REGISTERED NUMBER:

03432346 (England and Wales)

ACCOUNTANTS:

Clifton-Crick Sharp & Co. Ltd

Chartered Accountants

2A-3A Market Gate

Pershore

Worcestershire

WR10 1DZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

398,496

322,893

398,496

322,893

CURRENT ASSETS

Stocks

1,282,008

1,145,704

Debtors

6

2,248,360

2,529,181

Cash at bank and in hand

121,949

75,079

3,652,317

3,749,964

CREDITORS

Amounts falling due within one year

7

2,222,373

2,150,972

NET CURRENT ASSETS

1,429,944

1,598,992

TOTAL ASSETS LESS CURRENT LIABILITIES

1,828,440

1,921,885

CREDITORS

Amounts falling due after more than one year

8

(65,500

)

(56,853

)

PROVISIONS FOR LIABILITIES

(58,201

)

(42,383

)

NET ASSETS

1,704,739

1,822,649

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,704,737

1,822,647

SHAREHOLDERS' FUNDS

1,704,739

1,822,649

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 26 September 2025 and were signed on its behalf by:

C Chance - Director

1.	STATUTORY INFORMATION

NEMESIS 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

50% on reducing balance and 20% on cost

Stocks

Stocks are valued at the lower of costs (calculated on a FIFO basis) and net realisable value, after making due allowance for obsolete and slow moving items. The directors discount non-current branded stock to 20% - 50% of cost, and dated stock which is past its expiry date to nil.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

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 36 (2023 - 45 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

10,000

AMORTISATION

At 1 January 2024

and 31 December 2024

10,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

90,256

396,093

77,123

Additions

38,544

118,960

-

At 31 December 2024

128,800

515,053

77,123

DEPRECIATION

At 1 January 2024

56,638

191,207

65,264

Charge for year

5,747

64,308

2,964

At 31 December 2024

62,385

255,515

68,228

NET BOOK VALUE

At 31 December 2024

66,415

259,538

8,895

At 31 December 2023

33,618

204,886

11,859

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

212,093

179,383

954,948

Additions

13,500

9,995

180,999

At 31 December 2024

225,593

189,378

1,135,947

DEPRECIATION

At 1 January 2024

163,645

155,301

632,055

Charge for year

25,110

7,267

105,396

At 31 December 2024

188,755

162,568

737,451

NET BOOK VALUE

At 31 December 2024

36,838

26,810

398,496

At 31 December 2023

48,448

24,082

322,893

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

972,191

1,700,220

Amounts owed by group undertakings

1,135,856

694,639

Other debtors

140,313

134,322

2,248,360

2,529,181

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

15,002

24,676

Hire purchase contracts

32,153

27,100

Trade creditors

1,814,305

1,170,397

Amounts owed to group undertakings

4,694

-

Taxation and social security

201,567

383,209

Other creditors

154,652

545,590

2,222,373

2,150,972

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

65,500

56,853

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

C Chance

Balance outstanding at start of year

68,881

35,203

Amounts advanced

15,649

33,678

Amounts repaid

(14,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,530

68,881

10.	ULTIMATE CONTROLLING PARTY

The controlling party is C Chance.

Nemesis Ltd is a subsidiary of Sisemen Ltd which owns 100% of the issued share capital of Nemsis Ltd. The registered office of Sisemen Ltd is 1 Indurent Park Norton Road, Broomhall, Worcester, WR5 2QR. Chris Chance owns 100% of the shares in Sisemen Ltd and so is regarded as the ultimate controlling party of Nemesis Ltd.