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Registrar

Registration number: 07631448

Nesor Equipment Company Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Nesor Equipment Company Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 10

Nesor Equipment Company Ltd

Company Information

Directors | C Knight K Knight

Registered office | 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers | Lloyds Bank Plc 2 - 4 Bank Street Braintree Essex CM7 7UN

Accountants | Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Nesor Equipment Company Ltd

(Registration number: 07631448)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 42,027 | 966,274
Investments | 6 | 200 | 200
|  | 42,227 | 966,474
Current assets |  |  |
Stocks | 7 | 1,000 | 10,000
Debtors | 8 | 375,829 | 201,708
Cash at bank and in hand |  | 86,792 | 4,633
|  | 463,621 | 216,341
Creditors: Amounts falling due within one year | 9 | (249,163) | (311,852)
Net current assets/(liabilities) |  | 214,458 | (95,511)
Total assets less current liabilities |  | 256,685 | 870,963
Creditors: Amounts falling due after more than one year | 9 | (43,414) | (256,119)
Provisions for liabilities |  | (10,507) | (76,431)
Net assets |  | 202,764 | 538,413
Capital and reserves |  |  |
Called up share capital | 11 | 100 | 100
Revaluation reserve |  | - | 297,637
Retained earnings |  | 202,664 | 240,676
Shareholders' funds |  | 202,764 | 538,413

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 9 February 2026 and signed on its behalf by:

C Knight Director | K Knight Director |

Nesor Equipment Company Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

The principal place of business is: Unit 2, 42 Feering Hill, Feering, Colchester, Essex, CO5 9NH.

These financial statements were authorised for issue by the Board on 9 February 2026.

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.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the installation and servicing of dental equipment. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the installation of the dental equipment has been completed;
- or the servicing of dental equipment has taken place.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
Freehold land and buildings are included at the revalued amount based on fair value at the balance sheet date.

Nesor Equipment Company Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

Depreciation

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

Asset class | Depreciation method and rate
Office equipment | 33% straight line
Motor vehicles | 25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

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

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Nesor Equipment Company Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 14).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 July 2024 | 250,000 | 250,000
At 30 June 2025 | 250,000 | 250,000
Amortisation
At 1 July 2024 | 250,000 | 250,000
At 30 June 2025 | 250,000 | 250,000
Carrying amount
At 30 June 2025 | - | -

Nesor Equipment Company Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Land and buildings £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 900,000 | 4,277 | 194,465 | 1,098,742
Additions | - | 4,144 | - | 4,144
Disposals | (900,000) | - | (103,970) | (1,003,970)
At 30 June 2025 | - | 8,421 | 90,495 | 98,916
Depreciation
At 1 July 2024 | - | 3,684 | 128,784 | 132,468
Charge for the year | - | 888 | 14,573 | 15,461
Eliminated on disposal | - | - | (91,040) | (91,040)
At 30 June 2025 | - | 4,572 | 52,317 | 56,889
Carrying amount
At 30 June 2025 | - | 3,849 | 38,178 | 42,027
At 30 June 2024 | 900,000 | 593 | 65,681 | 966,274

Land and Buildings (Freehold property) is 90% owned by the company with 10% held by a SIPP.

Revaluation

The fair value of the company's Freehold property was revalued on 29 September 2022 by the directors. An independent valuer was not involved. . Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £592,613)

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 200 | 200

Subsidiaries | £
Cost or valuation
At 1 July 2024 | 200
Provision
Carrying amount
At 30 June 2025 | 200
At 30 June 2024 | 200

Nesor Equipment Company Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
SPS Dental Sales Limited | 3 Warners Mill Silks Way Braintree Essex CM7 3GB England | Ordinary £1 A and B shares | 100% | 100%

Subsidiary undertakings
SPS Dental Sales Limited The principal activity of SPS Dental Sales Limited is the sale, installation and servicing of dental equipment and furniture.

7 | Stocks

| 2025 £ | 2024 £
Stocks | 1,000 | 10,000

8 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 3,225 | 6,078
Owed by/(from) group undertakings |  | 243,797 | 69,983
Directors loan | 13 | 93,221 | 93,007
Other debtors |  | 35,586 | 31,390
Prepayments |  | - | 1,250
|  | 375,829 | 201,708

Nesor Equipment Company Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 21,132 | 71,580
Trade creditors |  | 110,662 | 151,439
Taxation and social security |  | 85,839 | 71,621
Other creditors |  | 27,170 | 6,243
Accruals and deferred income |  | 4,360 | 10,969
|  | 249,163 | 311,852

Creditors include net obligations under hire purchase contracts which are secured of £11,965 (2024 - £9,919).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 43,414 | 256,119

Creditors include net obligations under hire purchase contracts which are secured of £43,414 (2024 - £55,379).

Bank borrowings

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 9,167 | 61,661
Hire purchase contracts | 11,965 | 9,919
| 21,132 | 71,580

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 200,740
Hire purchase contracts | 43,414 | 55,379
| 43,414 | 256,119

Nesor Equipment Company Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

11 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

Nesor Equipment Company Ltd

Notes to the Financial Statements for the Year Ended 30 June 2025

12 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £15,645 (2024 - £16,738).

13 | Related party transactions

Transactions with directors

2025 | At 1 July 2024 £ | Advances to director £ | Repayments by director £ | At 30 June 2025 £
Transactions with directors | 93,007 | 143,221 | (143,007) | 93,221

2024 | At 1 July 2023 £ | Advances to director £ | Repayments by director £ | At 30 June 2024 £
Transactions with directors | 44,399 | 184,397 | (135,789) | 93,007