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Registered number: 13513100
NSAI CERTIFICATION UK LIMITED
DIRECTORS' REPORT AND AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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NSAI CERTIFICATION UK LIMITED
COMPANY INFORMATION
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R Alcorn (appointed 5 July 2024)
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T Coogan (appointed 5 July 2024)
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C Verdon (resigned 31 May 2024)
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The Secretarial Company Limited
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Ecovis Wingrave Yeats LLP
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Chartered Accountants & Statutory Auditor
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NSAI CERTIFICATION UK LIMITED
CONTENTS
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Statement of Changes in Equity
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Notes to the Financial Statements
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NSAI CERTIFICATION UK LIMITED
REGISTERED NUMBER: 13513100
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 10 to 13 form part of these financial statements
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NSAI CERTIFICATION UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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Comprehensive income for the year
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Comprehensive income for the year
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The notes on pages 3 to 7 form part of these financial statements.
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NSAI CERTIFICATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
NSAI Certification UK Limited is a private company, limited by shares incorporated in England and Wales, registration number 13513100. The registered office address is 6-9 The Square, Stockley Park, Uxbridge, England, UB11 1FW.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The establishment of NSAI Certification UK Limited is a key pillar in the parent entity’s strategic plan 2020 – 2026 and of Irish national strategic importance. Establishment of the UK entity facilitates the securing of UKAS (United Kingdom Accreditation Service) and MHRA (the Medicines and Healthcare products Regulatory Agency) accreditations required to provide UKCA certification for Irish Medical Devices and Construction products to be placed on the UK market. UKAS accreditation for Construction was received in May 2023, Certification activities commenced in August 2023. The UKAS assessment to ISO 13485 for medical devices is ongoing, and we are currently awaiting a response from UKAS. The MHRA designation process for Approved Body status under medical devices is now expected to commence with a preliminary phase in 2026.
This in turn is in keeping with the aspiration of Irelands Global Footprint to 2025 where it is recognised that the UK, as Ireland’s nearest neighbours, are a large market for many of Ireland’s exports. The NSAI UK legal entity will help protect and strengthen the deep partnership Ireland has with the UK by offering a route to the UK market for Irish manufacturers.
The parent entity, NSAI - Irelands National Standards body, which is a Government body, was granted sanction from the Governments Department of Public Expenditure and Reform for the establishment of the UK subsidiary and its financing. Liabilities of NSAI Certification UK Limited are funded by its parent entity and this will continue until the Company becomes self financing. A new intercompany services agreement was put in place in 2024 with the aim to ensure NSAI Certification UK becomes profitable, the company is expected to become self-financing in 2026.
Given the above the parent entity has committed to continue to provide financial support to the Company in order for it to continue to operate for a period of no less than twelve months from the date of signing of these financial statements. Whilst there is no formal written confirmation of this funding, given the reasons for establishment and the strategic importance of the Company to NSAI, the directors believe there is no reason why this financial support will not continue to be provided by the parent entity.
As a result, the directors have an expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, hence believe it is appropriate for the financial statements to be prepared on a going concern basis.
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NSAI CERTIFICATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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NSAI CERTIFICATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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Deferred tax
Management is required to assess whether it is appropriate to recognise a deferred tax asset relating to taxable losses available to the Company. The recognition of deferred tax assets is based upon whether it is more likely than not that sufficient and suitable taxable profits will be available in the future against which the reversal of losses and other deductions can be deducted. To determine the future taxable profits, reference is made to the latest available forecasts. Therefore this involves judgement regarding the future financial performance of the Company in which a deferred tax asset could be recognised. The trade losses available to be carried forward to offset future taxable profits at 31 December 2024 were £1,217,937 (2023 - £693,192).
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The average monthly number of employees, excluding directors, during the year was 4 (2023 - 2). None of the directors were remunerated through this company.
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
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NSAI CERTIFICATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Allotted, called up and fully paid
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1 (2023 - 1) Ordinary share share of £1.00
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Ordinary shares are non-redeemable, carry the right to vote on the basis of one vote per share, the right to participate in a dividend and the right to participate in a distribution of capital in proportion to the number of shares held.
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension costs charge represents contributions payable by the Company to the fund and amounted to £2,752 (2023: £2,752). No amounts were payable to the fund at the balance sheet date in the current or prior period.
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Commitments under operating leases
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At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Related party transactions
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The Company has taken exemption under FRS 102, section 33 Related Party Disclosures paragraph 33 1A, whereby the Company is not required to disclose transactions with other companies that are wholly owned within the group.
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The immediate parent is The National Standards Authority of Ireland, a body established under the statute of Ireland.
The results of the Company are included in the consolidated financial statements of The National Standards Authority of Ireland, and these financial statements may be obtained from 1 Swift Square, Northwood, Santry, Dublin 9, Ireland D09 A0E4.
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NSAI CERTIFICATION UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 29 September 2025 by Michael Storey (Senior Statutory Auditor) on behalf of Ecovis Wingrave Yeats LLP.
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