REGISTERED NUMBER: 06819042 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Nuclear Energy Components Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D P Greenan

P N Longden

M G Keeley

V S Middleton OBE

A Hadfield

SECRETARY:

V S Middleton OBE

REGISTERED OFFICE:

Newburgh Works

Bradwell

Hope Valley

Derbyshire

S33 9NT

REGISTERED NUMBER:

06819042 (England and Wales)

AUDITORS:

Sutton McGrath Hartley

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

253,598

324,064

253,598

324,064

CURRENT ASSETS

Stocks

6

56,594

47,200

Debtors

7

573,241

521,411

Cash at bank and in hand

214,015

65,144

843,850

633,755

CREDITORS

Amounts falling due within one year

8

(612,680

)

(443,890

)

NET CURRENT ASSETS

231,170

189,865

TOTAL ASSETS LESS CURRENT LIABILITIES

484,768

513,929

CREDITORS

Amounts falling due after more than one year

9

(127,168

)

(173,608

)

PROVISIONS FOR LIABILITIES

(55,070

)

(58,521

)

NET ASSETS

302,530

281,800

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

302,430

281,700

SHAREHOLDERS' FUNDS

302,530

281,800

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 30 September 2025 and were signed on its behalf by:

M G Keeley - Director

1.	STATUTORY INFORMATION

Nuclear Energy Components 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business is amortised over its estimated useful life.

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.

Improvements to property

-

Straight line over the life of the lease

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Assets are capitalised if the individual value of the asset exceeds £5,000.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Research and development costs

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

4,996

AMORTISATION

At 1 January 2024

and 31 December 2024

4,996

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

52,500

493,589

10,000

Additions

12,840

-

-

At 31 December 2024

65,340

493,589

10,000

DEPRECIATION

At 1 January 2024

3,744

218,281

10,000

Charge for year

6,606

85,148

-

At 31 December 2024

10,350

303,429

10,000

NET BOOK VALUE

At 31 December 2024

54,990

190,160

-

At 31 December 2023

48,756

275,308

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

21,779

-

577,868

Additions

-

9,890

22,730

At 31 December 2024

21,779

9,890

600,598

DEPRECIATION

At 1 January 2024

21,779

-

253,804

Charge for year

-

1,442

93,196

At 31 December 2024

21,779

1,442

347,000

NET BOOK VALUE

At 31 December 2024

-

8,448

253,598

At 31 December 2023

-

-

324,064

6.

STOCKS

2024

2023

£

£

Work-in-progress

11,415

8,465

Finished goods

45,179

38,735

56,594

47,200

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

537,178

490,952

Staff loans

2,300

-

Prepayments and accrued income

33,763

30,459

573,241

521,411

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 10)

46,440

46,440

Trade creditors

74,448

75,333

Tax

263,469

186,788

Social security and other taxes

19,340

17,890

VAT

103,584

74,170

Credit card

2,721

5,338

Pensions creditor

9,037

7,117

Accruals and deferred income

93,641

30,814

612,680

443,890

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 10)

127,168

173,608

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

46,440

46,440

Between one and five years

127,168

173,608

173,608

220,048

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases totalling £579,260 (2023 - £633,084).

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

173,608

220,048

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

85

A Ordinary

£1

85

85

15

B, C & D Ordinary

£1

15

15

100

100

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

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of Sutton McGrath Hartley

14.	RELATED PARTY DISCLOSURES

During the year the company paid rent totalling £71,000 (2023 - £71,250) to Hope Valley Industrial Limited.

V.S. Middleton is a director of Hope Valley Industrial Limited.