NEC (London) Limited


Directors	Mr S Goudelis
	Mr N Tsermulas


Registered Address	50 Vicars Close
	Enfield
	EN1 3DN


Registered Number	06674712 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,198		2,089
			1,198		2,089
Current assets
Debtors		6,471		7,101
Cash at bank and on hand		1,222		3,447
		7,693		10,548
Creditors amounts falling due within one year	4	(7,294)		(6,452)
Net current assets (liabilities)			399		4,096
Total assets less current liabilities			1,597		6,185
Creditors amounts falling due after one year	5		-		(3,667)
Provisions for liabilities	6		(926)		(926)
Net assets			671		1,592
Capital and reserves
Called up share capital			1		1
Profit and loss account			670		1,591
Shareholders' funds			671		1,592

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 May 2026, and are signed on its behalf by:

Mr N Tsermulas
Director
Registered Company No. 06674712

NEC (London) Limited

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard. The financial statements have been prepared under the historical cost convention.

	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 policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Vehicles	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 September 24	17,193	3,013	3,025	23,231
Disposals	-	(3,013)	(3,025)	(6,038)
At 31 August 25	17,193	-	-	17,193
Depreciation and impairment
At 01 September 24	15,596	2,937	2,609	21,142
Charge for year	399	-	-	399
On disposals	-	(2,937)	(2,609)	(5,546)
At 31 August 25	15,995	-	-	15,995
Net book value
At 31 August 25	1,198	-	-	1,198
At 31 August 24	1,597	76	416	2,089

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,667	4,000
Taxation and social security	3,627	2,407
Other creditors	-	45
Total	7,294	6,452

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	3,667
Total	-	3,667

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	926	926
Total	926	926