Registration number: NI684261

Nugent Fabrication Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Nugent Fabrication Ltd

Company Information

Director

Shane Nugent

Registered office

122 Aghnagar Road Galbally Dungannon BT70 2PP

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 Fabrication Ltd

(Registration number: NI684261)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	13,490	136,354
Cash at bank and in hand		23,500	17,283
		36,990	153,637
Creditors: Amounts falling due within one year	5	(13,646)	(130,976)
Net assets		23,344	22,661
Capital and reserves
Called up share capital		4	4
Profit and loss account		23,340	22,657
Total equity		23,344	22,661

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 December 2025
 

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

Shane Nugent
Director

Nugent Fabrication 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:
122 Aghnagar Road
Galbally
Dungannon
BT70 2PP

These financial statements were authorised for issue by the director 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 Fabrication 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
Plant and machinery	10% reducing balance
Fixtures and 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.

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.

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.

Nugent Fabrication Ltd

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

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Nugent Fabrication Ltd

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

4

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties	7	13,490	136,354
		13,490	136,354

5

Creditors

	Note	2025 £	2024 £
Due within one year
Trade creditors		-	2,647
Amounts owed to related parties	7	13,646	-
Taxation and social security		-	128,329
		13,646	130,976

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	4	4	4	4

7	Related party transactions

At 31 March 2025 there were amounts outstanding from related parties totalling £13,490 (2024 : £136,354) and amounts owed to related parties totalling £13,646 (2024 : £NIL). 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.

8	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.