CUMBRIA NUCLEAR SOLUTIONS LIMITED


Directors	BOWES, Alan David
	GILLESPIE, Andrew James
	MCLEAN, Fiona
	REDFERN, Philip Anthony
	SMITH, Richard Mark


Company Secretary	COOPER, Robert Morgan


Registered Address	Pillar House
	Westlakes Science & Technology Park
	Moor Row
	CA24 3HW


Registered Number	05699216 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Debtors	3	2,339,804		985,274
Cash at bank and on hand		1,319,273		1,703,017
		3,659,077		2,688,291
Creditors amounts falling due within one year	4	(3,656,298)		(2,685,443)
Net current assets (liabilities)			2,779		2,848
Total assets less current liabilities			2,779		2,848
Net assets			2,779		2,848
Capital and reserves
Called up share capital			3,000		3,000
Profit and loss account			(221)		(152)
Shareholders' funds			2,779		2,848

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 25 November 2025, and are signed on its behalf by:

REDFERN, Philip Anthony
Director
Registered Company No. 05699216

CUMBRIA NUCLEAR SOLUTIONS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis 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.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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 values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,326,625	985,274
Prepayments and accrued income	13,179	-
Total	2,339,804	985,274

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,082,273	946,538
Amounts owed to related parties	2,426	2,426
Taxation and social security	1,570,398	1,734,339
Accrued liabilities and deferred income	1,201	2,140
Total	3,656,298	2,685,443

5.	Share capital
	3,000 Ordinary shares of £1 each (2024 - 3,000 Ordinary shares of £1 each).

6.	Related party transactions
	Shepley Engineers Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £15,052,048 (2024 - £11,097,014). At the balance sheet date, the amount due to Shepley Engineers Limited was £23,273 (2024 - £381,549). Jacobs Stobbarts Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £31,318,020 (2024 - £35,157,468). At the balance sheet date, the amount due to Jacobs Stobbarts Limited was £1,758,795 (2024 - £312,128). Tetra Tech Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £727,273 (2024 - £610,276). At the balance sheet date, the amount due to Tetra Tech Limited was £nil (2024 - £nil). JFN Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £nil (2024 - £3,988,448). At the balance sheet date, the amount due to JFN Limited was £100,000 (2024 - £100,000). Westinghouse Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £249,705 (2024 - £1,307,690). At the balance sheet date, the amount due to Westinghouse Limited was £nil (2024 - £152,861). React Engineering Limited (a shareholder of Cumbria Nuclear Solutions Limited and Mr P A Redfern is a director of React Engineering Limited). The services provided to the company during the year amounted to £4,517,574 (2024 - £2,652,597). At the balance sheet date, the amount due to React Engineering Limited was £200,205 (2024 - £nil).

Related party transactions

Shepley Engineers Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £15,052,048 (2024 - £11,097,014). At the balance sheet date, the amount due to Shepley Engineers Limited was £23,273 (2024 - £381,549).

Jacobs Stobbarts Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £31,318,020 (2024 - £35,157,468). At the balance sheet date, the amount due to Jacobs Stobbarts Limited was £1,758,795 (2024 - £312,128).

Tetra Tech Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £727,273 (2024 - £610,276). At the balance sheet date, the amount due to Tetra Tech Limited was £nil (2024 - £nil).

JFN Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £nil (2024 - £3,988,448). At the balance sheet date, the amount due to JFN Limited was £100,000 (2024 - £100,000).

Westinghouse Limited (a shareholder of Cumbria Nuclear Solutions Limited). The services provided to the company during the year amounted to £249,705 (2024 - £1,307,690). At the balance sheet date, the amount due to Westinghouse Limited was £nil (2024 - £152,861).

React Engineering Limited (a shareholder of Cumbria Nuclear Solutions Limited and Mr P A Redfern is a director of React Engineering Limited). The services provided to the company during the year amounted to £4,517,574 (2024 - £2,652,597). At the balance sheet date, the amount due to React Engineering Limited was £200,205 (2024 - £nil).