NCE London Limited - Filleted accounts

Registered number

05384887

NCE London Limited

Filleted Accounts

31 March 2025

NCE London Limited
Registered number:		05384887
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		190,486			113,382

Current assets
Stocks		45,172			22,481
Debtors	4	305,998			301,205
Cash at bank and in hand		293,268			201,091
		644,438			524,777

Creditors: amounts falling due within one year	5	(411,135)			(304,835)

Net current assets			233,303			219,942

Total assets less current liabilities			423,789			333,324

Creditors: amounts falling due after more than one year	6		(4,788)			(18,741)

Provisions for liabilities			(45,663)			(21,881)


Net assets			373,338			292,702

Capital and reserves
Called up share capital			101			101
Profit and loss account			373,237			292,601

Shareholders' funds			373,338			292,702

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Norris
Director
Approved by the board on 23 December 2025

NCE London Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 from 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			19		18


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	51,317		398,105		449,422
	Additions	6,174		162,943		169,117
	Disposals	-		(150,576)		(150,576)
	At 31 March 2025	57,491		410,472		467,963

	Depreciation
	At 1 April 2024	47,060		288,980		336,040
	Charge for the year	3,519		70,469		73,988
	On disposals	-		(132,551)		(132,551)
	At 31 March 2025	50,579		226,898		277,477

	Net book value
	At 31 March 2025	6,912		183,574		190,486
	At 31 March 2024	4,257		109,125		113,382


4	Debtors			2025		2024
£					£

	Trade debtors			176,416		163,597
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			88,300		95,300
	Other debtors			41,282		42,308
				305,998		301,205


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			14,948		14,948
	Obligations under finance lease and hire purchase contracts			41		41
	Trade creditors			271,742		205,752
	Taxation and social security costs			102,276		59,987
	Other creditors			22,128		24,107
				411,135		304,835


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,788		18,741


7	Other information

	NCE London Limited is a private company limited by shares and incorporated in England. Its registered office is:

	34 Croydon Road
	Caterham
	Surrey
	CR3 6QB