REGISTERED NUMBER: 03738939 (England and Wales)

NUTEK (UK) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

5

FIXED ASSETS

Property, plant and equipment

4

790

1,519

CURRENT ASSETS

Stocks

40,493

29,559

Debtors

5

99,603

351,030

Cash at bank

692,472

744,312

832,568

1,124,901

CREDITORS

Amounts falling due within one year

6

(113,624

)

(438,009

)

NET CURRENT ASSETS

718,944

686,892

TOTAL ASSETS LESS CURRENT LIABILITIES

719,734

688,411

PROVISIONS FOR LIABILITIES

(143

)

(380

)

NET ASSETS

719,591

688,031

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

719,291

687,731

SHAREHOLDERS' FUNDS

719,591

688,031

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

Mr R Stins - Director

1.	STATUTORY INFORMATION

Nutek (UK) Ltd 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.

The presentational and functional currency of these financial statements is Pound sterling. Values are rounded to the nearest Pound (£).

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.

Significant judgements and estimates

Stock

The company makes a provision for slow moving stock. This assessment is carried out by the directors and management based on experience and historical and current information regarding stock usage.

Turnover

The turnover shown in the income statement represents amounts receivable during the year net of VAT and trade discounts.

Property, plant and equipment

Property, plant and equipment is recognised at cost with depreciation being provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment - 33% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

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

Transactions denominated in foreign currencies are translated into Sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year-end denominated in a foreign currency are translated into Sterling at the rate of exchange ruling at the balance sheet date.

Operating lease agreements

Rentals payable under operating leases are charged to the profit and loss account 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.

Revenue recognition

Income is recognised at the point of delivery of goods to customers.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Office

equipment

£

COST

At 1 January 2024

and 31 December 2024

2,188

DEPRECIATION

At 1 January 2024

669

Charge for year

729

At 31 December 2024

1,398

NET BOOK VALUE

At 31 December 2024

790

At 31 December 2023

1,519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

90,096

339,955

Other debtors

1,755

912

Prepayments and accrued income

7,752

10,163

99,603

351,030

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

6,196

85,265

Amounts due to group undertakings

60,174

78,949

Corporation tax

11,162

92,695

Other taxes and social security

20,738

83,900

Other creditors

700

-

Accruals and deferred income

14,654

97,200

113,624

438,009

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

9,894

11,953

Between one and five years

6,745

14,839

16,639

26,792

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melinda Simpson (Senior Statutory Auditor)

For and on behalf of TC Group

9.	RELATED PARTY DISCLOSURES

Transactions with the immediate parent undertaking were carried out in the usual course of the business on commercial terms.

10.	ULTIMATE CONTROLLING PARTY