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Registered number: 07054818
Nite International Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07054818
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 267,101 269,052
267,101 269,052
CURRENT ASSETS
Stocks 6 211,042 203,746
Debtors 7 14,460 431
Cash at bank and in hand 105,258 40,037
330,760 244,214
Creditors: Amounts Falling Due Within One Year 8 (154,458 ) (154,831 )
NET CURRENT ASSETS (LIABILITIES) 176,302 89,383
TOTAL ASSETS LESS CURRENT LIABILITIES 443,403 358,435
Creditors: Amounts Falling Due After More Than One Year 9 (351,876 ) (357,277 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (732 ) (732 )
NET ASSETS 90,795 426
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 90,793 424
SHAREHOLDERS' FUNDS 90,795 426
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R P Green
Director
11 June 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nite International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07054818 . The registered office is Unit 14 Airfield Way, Christchurch, Dorset, BH23 3TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website and watch drawings. They are amortised to profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not depreciated as value exceeds cost
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 7)
5 7
4. Intangible Assets
Watch drawings Website Total
£ £ £
Cost
As at 1 April 2025 27,896 132,835 160,731
As at 31 March 2026 27,896 132,835 160,731
Amortisation
As at 1 April 2025 27,896 132,835 160,731
As at 31 March 2026 27,896 132,835 160,731
Net Book Value
As at 31 March 2026 - - -
As at 1 April 2025 - - -
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5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 266,125 10,932 7,753 284,810
As at 31 March 2026 266,125 10,932 7,753 284,810
Depreciation
As at 1 April 2025 - 8,802 6,956 15,758
Provided during the period - 1,278 673 1,951
As at 31 March 2026 - 10,080 7,629 17,709
Net Book Value
As at 31 March 2026 266,125 852 124 267,101
As at 1 April 2025 266,125 2,130 797 269,052
6. Stocks
2026 2025
£ £
Stock 211,042 203,746
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 12,126 126
Other debtors 2,334 305
14,460 431
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 128,063 122,614
Bank loans and overdrafts 10,000 10,000
Other creditors 2,726 2,905
Taxation and social security 13,669 19,312
154,458 154,831
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Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 3,766 9,167
Other creditors 348,110 348,110
351,876 357,277
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
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