| Nesbitt Engineering Limited |
| Registered Number:NI042353 |
For the year ended 31 January 2025
Northern Ireland
Unaudited Financial Statements
For the year ended 31 January 2025
Nesbitt Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Nesbitt Engineering Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
64,297
53,101
2
64,297
53,101
35,500
17,500
3
| Trade and other receivables |
12,764
322,308
4
294,662
| Cash and cash equivalents |
214,596
554,404
342,926
| Trade and other payables: amounts falling due within one |
| year |
(165,245)
(236,748)
5
177,681
317,656
Net current assets
| Total assets less current liabilities |
381,953
230,782
(16,074)
(13,275)
| Provisions for liabilities |
365,879
Net assets
217,507
100
100
365,779
217,407
365,879
217,507
Shareholders' funds
| For the year ended 31 January 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 15 October 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 January 2025
Nesbitt Engineering Limited
Notes to the Financial Statements
Statutory Information
| Nesbitt Engineering Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI042353. |
25 Aughnagurgan Road
Keady
County Armagh
BT60 3DA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 January 2025
Nesbitt Engineering Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
166,124
1,208
2,750
19,330
142,836
32,628
833
-
-
31,795
19,330
2,750
2,041
198,752
174,631
| Provision for depreciation and impairment |
113,023
687
688
18,856
92,792
Charge for year
21,432
338
516
118
20,460
134,455
1,025
1,204
18,974
113,252
61,379
356
1,546
1,016
64,297
50,044
474
2,062
521
53,101
2024
2025
17,500
35,500
| 4. Trade and other receivables |
2024
2025
297,989
-
| Taxation and social security |
24,319
12,764
12,764
322,308
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
53,114
22,441
| Taxation and social security |
49,992
23,437
133,642
119,367
236,748
165,245
| 6. Average number of persons employed |
During the year the average number of employees was 5 (2024 : 4)
3 of 4
For the year ended 31 January 2025
Nesbitt Engineering Limited
Notes to the Financial Statements Continued
4 of 4