Nero Blanco IT Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08287855 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

NERO BLANCO IT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C I Murray

N F L Langston

A P C J Van Beers

REGISTERED OFFICE:

Room 73 Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

08287855 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Intangible assets

5

12,725

15,906

Tangible assets

6

13,198

17,593

25,923

33,499

CURRENT ASSETS

Debtors

7

520,363

172,545

Cash at bank

693,294

1,195,187

1,213,657

1,367,732

CREDITORS

Amounts falling due within one year

8

(512,524

)

(382,534

)

NET CURRENT ASSETS

701,133

985,198

TOTAL ASSETS LESS CURRENT
LIABILITIES

727,056

1,018,697

CAPITAL AND RESERVES

Called up share capital

9

150

Retained earnings

726,906

1,018,547

SHAREHOLDERS' FUNDS

727,056

1,018,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2026 and were signed on its behalf by:

A P C J Van Beers - Director

1.	STATUTORY INFORMATION

Nero Blanco IT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

Cost

At 1 December 2024

and 30 November 2025

67,971

Amortisation

At 1 December 2024

52,065

Amortisation for year

3,181

At 30 November 2025

55,246

Net book value

At 30 November 2025

12,725

At 30 November 2024

15,906

6.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

Cost

At 1 December 2024

5,333

32,541

37,874

Additions

-

971

At 30 November 2025

5,333

33,512

38,845

Depreciation

At 1 December 2024

1,067

19,214

20,281

Charge for year

1,066

4,300

5,366

At 30 November 2025

2,133

23,514

25,647

Net book value

At 30 November 2025

3,200

9,998

13,198

At 30 November 2024

4,266

13,327

17,593

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

367,965

123,012

Other debtors

77,077

-

Corporation tax

-

49,533

VAT

48,528

-

Prepayments and accrued income

26,793

-

520,363

172,545

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

143,397

64,582

Amounts owed to associates

206,565

-

Social security and other taxes

17,154

15,813

VAT

-

77,356

Other creditors

677

4,887

Directors' loan account

7,005

10,000

Accruals and deferred income

137,726

209,896

512,524

382,534

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

30.11.23

30.11.22

37

A Class Ordinary

£1

37

B Class Ordinary

£1

37

C Class Ordinary

£1

37

13

D Class Ordinary

£1

13

E Class Ordinary

£1

13

F Class Ordinary

£1

13

150

All Ordinary share classes rank pari-passu in all respects.

10.	RELATED PARTY DISCLOSURES

Included within creditors is an amount of £2,513 (2024: £888) due to N F L Langston, Director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

Included within creditors is an amount of £4,492 (2024: £2,867) due to A P C J Van Beers, Director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

Included within debtors is an amount of £27,544 (2024: creditor of £6,245) due from C I Murray, Director. During the year advances of £36,948 and repayments of £4,285 were made in respect of this loan. Interest of £1,125 (2024: £Nil) has been charged on this balance during the year at 3.75%. The loan will be repaid in full.

During the year, the company made purchases of £594,037 (2024: £536,402) from Declaration Software Limited, a company under common control.

Included within creditors is an amount of £206,565 (2024: £Nil) due to Declaration Software Limited, a company under common control.