Registration number: NI673191

Nugent Components Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Nugent Components Ltd

Company Information

Directors

Shane Nugent Damien Nugent

Registered office

Unit 2 127 Ballynakilly Road Dungannon Tyrone BT71 6HE

Bankers

Barclays Bank Plc Belfast Branch Donegall House Donegall Square North Belfast BT1 5LU

Auditors

McKeague Morgan & Company 27 College Gardens Belfast BT9 6BS

Nugent Components Ltd

(Registration number: NI673191)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	15,574	17,304
Current assets
Stocks	5	363,517	315,262
Debtors	6	217,405	169,082
Cash at bank and in hand		32,723	18,327
		613,645	502,671
Creditors: Amounts falling due within one year	7	(606,522)	(512,754)
Net current assets/(liabilities)		7,123	(10,083)
Net assets		22,697	7,221
Capital and reserves
Called up share capital		2	2
Profit and loss account		22,695	7,219
Total equity		22,697	7,221

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 December 2025 and signed on its behalf by:
 

.........................................

Shane Nugent
Director

Nugent Components Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Unit 2 127 Ballynakilly Road
Dungannon
Tyrone
BT71 6HE

These financial statements were authorised for issue by the Board on 19 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 19 December 2025 was Mr Terence Hollywood, who signed for and on behalf of McKeague Morgan & Company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Nugent Components Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Nugent Components Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	23,736	23,736
At 31 March 2025	23,736	23,736
Depreciation
At 1 April 2024	6,432	6,432
Charge for the year	1,730	1,730
At 31 March 2025	8,162	8,162
Carrying amount
At 31 March 2025	15,574	15,574
At 31 March 2024	17,304	17,304

Nugent Components Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

5

Stocks

	2025 £	2024 £
Other inventories	363,517	315,262

6

Debtors

	Note	2025 £	2024 £
Trade debtors		148,424	141,891
Amounts owed by related parties	10	21,752	19,996
Prepayments		30,740	7,195
Other debtors		16,489	-
		217,405	169,082

Nugent Components Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

7

Creditors

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	28,814	-
Trade creditors		173,959	99,358
Amounts owed to related parties	10	399,781	398,327
Taxation and social security		264	11,656
Other creditors		104	181
Accruals and deferred income		3,600	3,232
		606,522	512,754

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	28,814	-

10	Related party transactions

During the year, the company rendered services totalling £227,828 to related parties and purchased goods and services totalling £102,410 from related parties. At 31 March 2025 there were amounts outstanding from related parties totalling £21,752 (2024:£19,996) and amounts owed to related parties totalling £399,781 (2024 : £398,327).The related parties involved in the aforementioned transactions are related by virtue of common shareholders and/or directors.

No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 33.

Nugent Components Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

11	Parent and ultimate parent undertaking

The company's immediate parent is Sean Nugent Holdings Ltd, incorporated in Northern Ireland.

 The ultimate controlling party is Shane Nugent and Damien Nugent.