IRIS Accounts Production v25.2.0.378 02804518 Board of Directors 1.4.24 31.3.25 31.3.25 10/9/2025 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02804518 2024-03-31 02804518 2025-03-31 02804518 2024-04-01 2025-03-31 02804518 2023-03-31 02804518 2023-04-01 2024-03-31 02804518 2024-03-31 02804518 ns15:EnglandWales 2024-04-01 2025-03-31 02804518 ns14:PoundSterling 2024-04-01 2025-03-31 02804518 ns10:Director1 2024-04-01 2025-03-31 02804518 ns10:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 02804518 ns10:SmallEntities 2024-04-01 2025-03-31 02804518 ns10:Audited 2024-04-01 2025-03-31 02804518 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 02804518 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02804518 ns10:FullAccounts 2024-04-01 2025-03-31 02804518 ns10:Director2 2024-04-01 2025-03-31 02804518 ns10:Director3 2024-04-01 2025-03-31 02804518 ns10:Director4 2024-04-01 2025-03-31 02804518 ns10:Director5 2024-04-01 2025-03-31 02804518 ns10:Director6 2024-04-01 2025-03-31 02804518 ns10:Director8 2024-04-01 2025-03-31 02804518 ns10:RegisteredOffice 2024-04-01 2025-03-31 02804518 ns5:CurrentFinancialInstruments 2025-03-31 02804518 ns5:CurrentFinancialInstruments 2024-03-31 02804518 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02804518 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02804518 1 2024-04-01 2025-03-31 02804518 ns5:ComputerEquipment 2024-04-01 2025-03-31 02804518 ns5:ComputerEquipment 2024-03-31 02804518 ns5:ComputerEquipment 2025-03-31 02804518 ns5:ComputerEquipment 2024-03-31 02804518 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 02804518 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 02804518 ns5:WithinOneYear 2025-03-31 02804518 ns5:WithinOneYear 2024-03-31 02804518 ns5:BetweenOneFiveYears 2025-03-31 02804518 ns5:BetweenOneFiveYears 2024-03-31 02804518 ns5:AllPeriods 2025-03-31 02804518 ns5:AllPeriods 2024-03-31 02804518 ns5:DeferredTaxation 2024-03-31 02804518 ns5:DeferredTaxation 2025-03-31 02804518 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02804518 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31

REGISTERED NUMBER: 02804518 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NUCLEAR INDUSTRY ASSOCIATION

NUCLEAR INDUSTRY ASSOCIATION (REGISTERED NUMBER: 02804518)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

NUCLEAR INDUSTRY ASSOCIATION

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Ms S E Ferns

| A D Cumming

| K S Holmes

| Lord I M McNicol

| Ms L J Roche

| T J Greatrex

| A J Storer

| REGISTERED OFFICE: | 4th Floor, York House

| 23 Kingsway

| London

| WC2B 6UJ

| REGISTERED NUMBER: | 02804518 (England and Wales)

| AUDITORS: | Sargeant Partnership Limited

| Chartered Accountants

| and Statutory Auditors

| 5 White Oak Square

| London Road

| Swanley

| Kent

| BR8 7AG

NUCLEAR INDUSTRY ASSOCIATION (REGISTERED NUMBER: 02804518)

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 7,497 |  | 9,303 |  |

CURRENT ASSETS

Debtors | 5 | 347,223 |  | 294,344 |  |

Cash at bank and in hand | 1,107,156 |  | 1,012,793 |  |

1,454,379 |  | 1,307,137 |  |

CREDITORS

Amounts falling due within one year | 6 | 318,918 |  | 346,510 |  |

NET CURRENT ASSETS | 1,135,461 |  | 960,627 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,142,958 |  | 969,930 |  |

PROVISIONS FOR LIABILITIES | 8 | 1,874 |  | 2,326 |  |

NET ASSETS | 1,141,084 |  | 967,604 |  |

RESERVES

Income and expenditure account | 9 | 1,141,084 |  | 967,604 |  |

1,141,084 |  | 967,604 |  |

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 10 September 2025 and were signed on its behalf by:

T J Greatrex - Director

NUCLEAR INDUSTRY ASSOCIATION (REGISTERED NUMBER: 02804518)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Nuclear Industry Association is a private company, limited by guarantee , 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.

| The financial statements are prepared in sterling, which is the functional currency of the company.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in these accounts.

| Turnover

| The company's turnover represents subscription income and other contributions invoiced to members and other interested parties in respect of the year and is stated exclusive of value added tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 33% per annum on cost

| 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.

NUCLEAR INDUSTRY ASSOCIATION (REGISTERED NUMBER: 02804518)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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. Exchange differences are taken into account in arriving at the operating result.

| Lease commitments

| Rentals payable for the year under operating leases are charged in the profit and loss account.

| 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.

| Cash and cash equivalents

| Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 15 (2024 - 13 ) .

NUCLEAR INDUSTRY ASSOCIATION (REGISTERED NUMBER: 02804518)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 April 2024 | 16,442 |  |

| Additions | 4,219 |  |

| At 31 March 2025 | 20,661 |  |

| DEPRECIATION

| At 1 April 2024 | 7,139 |  |

| Charge for year | 6,025 |  |

| At 31 March 2025 | 13,164 |  |

| NET BOOK VALUE

| At 31 March 2025 | 7,497 |  |

| At 31 March 2024 | 9,303 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 223,371 |  | 164,095 |  |

| Other debtors | 123,852 |  | 130,249 |  |

347,223 |  | 294,344 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 84,434 |  | 40,242 |  |

| Taxation and social security | 87,776 |  | 128,929 |  |

| Other creditors | 146,708 |  | 177,339 |  |

318,918 |  | 346,510 |  |

7. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 240,263 |  | 257,333 |  |

| Between one and five years | 724,545 |  | 955,500 |  |

964,808 |  | 1,212,833 |  |

NUCLEAR INDUSTRY ASSOCIATION (REGISTERED NUMBER: 02804518)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | LEASING AGREEMENTS - continued

| The entity entered into a lease agreement commencing 26 April 2024, for 5 years. The amount payable per annum has increased from £234,000 to £241,515.

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 1,874 |  | 2,326 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 2,326 |  |

| Movement in the year | (452 | ) |

| Balance at 31 March 2025 | 1,874 |  |

9. | RESERVES

| Income

| and

| expenditure

| account

£ |

| At 1 April 2024 | 967,604 |  |

| Surplus for the year | 173,480 |  |

| At 31 March 2025 | 1,141,084 |  |

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

| The Report of the Auditors was unqualified.

| Ms Joanne Brown (Senior Statutory Auditor)

| for and on behalf of Sargeant Partnership Limited

11. | RELATED PARTY DISCLOSURES

| Dr T Stone, Director and Chairman of Nuclear Industry Association, received directors remuneration instead of consultancy fees until the date of resignation. This is the same as 2024.

| The newly appointed Chairman Nuclear Industry Association Lord I M McNicol received directors remuneration during the year..

| The key personnel of the company are the Directors and the Chairman.

NUCLEAR INDUSTRY ASSOCIATION (REGISTERED NUMBER: 02804518)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

12. | SHARE CAPITAL

| The company is limited by guarantee and has no share capital.