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Registration number: 14531802

Asset NDT Ltd
Unaudited Financial Statements
for the Year Ended 31 December 2025

Asset NDT Ltd

(Registration number: 14531802)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 39,733 | 57,430
Current assets |  |  |
Debtors | 4 | 19,539 | 18,501
Cash at bank and in hand |  | 27,668 | 23,262
|  | 47,207 | 41,763
Creditors: Amounts falling due within one year | 5 | (39,444) | (32,291)
Net current assets |  | 7,763 | 9,472
Total assets less current liabilities |  | 47,496 | 66,902
Creditors: Amounts falling due after more than one year | 5 | (17,008) | (20,971)
Provisions for liabilities |  | (11,031) | (14,503)
Net assets |  | 19,457 | 31,428
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 19,456 | 31,427
Shareholders' funds |  | 19,457 | 31,428

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 29 April 2026

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

Mr R G Graham

Director

Asset NDT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | Accounting policies

Statutory information

Asset NDT Ltd is a private company, limited by shares, domiciled in England and Wales, company number 14531802. The registered office is at 86-90 Paul Street, London, EC2A 4NE.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Revenue is recognised at the point of service delivery.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.

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.

Asset NDT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

1 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% straight line
Office equipment | 25% straight line
Motor vehicles | 25% straight line

Leases

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Asset NDT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost
At 1 January 2025 | 12,400 | 780 | 63,425 | 76,605
Additions | 5,000 | 1,406 | - | 6,406
Disposals | (12,400) | - | - | (12,400)
At 31 December 2025 | 5,000 | 2,186 | 63,425 | 70,611
Depreciation
At 1 January 2025 | 4,908 | 146 | 14,121 | 19,175
Charge for the year | 1,296 | 234 | 15,856 | 17,386
Eliminated on disposal | (5,683) | - | - | (5,683)
At 31 December 2025 | 521 | 380 | 29,977 | 30,878
Carrying amount
At 31 December 2025 | 4,479 | 1,806 | 33,448 | 39,733
At 31 December 2024 | 7,492 | 634 | 49,304 | 57,430

Asset NDT Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4 | Debtors

| 2025 £ | 2024 £
Trade debtors | 15,930 | 7,722
Prepayments | 1,058 | 1,027
Other debtors | 2,551 | 9,752
| 19,539 | 18,501

5 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Obligations under HP | 3,963 | 3,963
Taxation and social security | 29,965 | 23,342
Accruals | 2,680 | 2,500
Other creditors | 2,836 | 2,486
| 39,444 | 32,291

| 2025 £ | 2024 £
Due after one year |  |
Obligations under HP | 17,008 | 20,971

Assets under HP are secured on the assets to which the agreements relate to.

6 | Related party transactions

During the year the director received a loan from the company of £2,551. At the balance sheet date the amount due to the company was £2,551 (2024: £9,752). The loan is interest free.