Company Registration No. 04322191 (England and Wales)
N.P. STRUCTURES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
N.P. STRUCTURES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
N.P. STRUCTURES LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,349,117
1,360,498
Current assets
Stocks
892,430
1,021,357
Debtors
4
833,674
710,043
Cash at bank and in hand
502,638
526,858
2,228,742
2,258,258
Creditors: amounts falling due within one year
5
(1,422,715)
(1,205,804)
Net current assets
806,027
1,052,454
Total assets less current liabilities
2,155,144
2,412,952
Creditors: amounts falling due after more than one year
6
(43,466)
(16,206)
Provisions for liabilities
Deferred tax liability
7
311,500
312,057
(311,500)
(312,057)
Net assets
1,800,178
2,084,689
Capital and reserves
Called up share capital
3,000
3,000
Profit and loss reserves
1,797,178
2,081,689
Total equity
1,800,178
2,084,689

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 21 August 2026 and are signed on its behalf by:
I Wolfenden
Director
Company Registration No. 04322191
N.P. STRUCTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

N.P. Structures Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mill Green, Waterside Road, Colne, Lancashire, BB8 0TA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Plant & machinery
15% reducing balance
Office equipment
25% straight line
Motor vehicles
25% reducing balance

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

N.P. STRUCTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less.

N.P. STRUCTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

N.P. STRUCTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
40
36
3
Tangible fixed assets
Freehold land and buildings
Assets under construction
Plant & machinery
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 December 2024
-
0
198,403
1,591,136
247,637
446,777
2,483,953
Additions
70,000
72,694
38,042
7,925
49,278
237,939
Disposals
-
0
-
0
(8,500)
-
0
(30,606)
(39,106)
Transfers
-
0
(271,097)
271,097
-
0
-
0
-
0
At 30 November 2025
70,000
-
0
1,891,775
255,562
465,449
2,682,786
Depreciation and impairment
At 1 December 2024
-
0
-
0
710,343
159,552
253,560
1,123,455
Depreciation charged in the year
-
0
-
0
162,482
22,301
49,270
234,053
Eliminated in respect of disposals
-
0
-
0
(4,273)
-
0
(19,566)
(23,839)
At 30 November 2025
-
0
-
0
868,552
181,853
283,264
1,333,669
Carrying amount
At 30 November 2025
70,000
-
0
1,023,223
73,709
182,185
1,349,117
At 30 November 2024
-
0
198,403
880,793
88,085
193,217
1,360,498
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
231,941
428,937
Corporation tax recoverable
114,084
15,502
Amounts owed by group undertakings
145,986
95,986
Other debtors
341,663
169,618
833,674
710,043
N.P. STRUCTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
417,979
621,528
Amounts due to group undertakings
658,415
231,974
Corporation tax
89,184
-
0
Other taxation and social security
174,131
210,956
Other creditors
41,290
129,197
Net obligations under hire purchase contracts
41,716
12,149
1,422,715
1,205,804

Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

There are no specific terms attaching to the amounts due to group undertakings.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Net obligations under hire purchase contracts
43,466
16,206

Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
312,275
332,014
Tax losses
-
(19,563)
Short term timing differences
(775)
(394)
311,500
312,057
N.P. STRUCTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
7
Deferred taxation
(Continued)
- 7 -
2025
Movements in the year:
£
Liability at 1 December 2024
312,057
Credit to profit or loss
(557)
Liability at 30 November 2025
311,500

The deferred tax liability relates to accelerated capital allowances and revaluation surplus and is unlikely to significantly reverse within 12 months.

8
Directors' transactions

During the year amounts were advanced to the director s. At the balance sheet date an amount of £262,644 was due from the director s (2024 - £11,722) The maximum amount due in the year was the closing balance in each year. Interest of £4,676 (2024 - £273) was charged at the standard UK Government rate.

2025-11-30 2024-12-01 false false false 21 August 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity I Wolfenden T Wolfenden J Wolfenden 04322191 2024-12-01 2025-11-30 04322191 2025-11-30 04322191 2024-11-30 04322191 core:LandBuildings core:OwnedOrFreeholdAssets 2025-11-30 04322191 core:ConstructionInProgressAssetsUnderConstruction 2025-11-30 04322191 core:PlantMachinery 2025-11-30 04322191 core:FurnitureFittings 2025-11-30 04322191 core:MotorVehicles 2025-11-30 04322191 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 04322191 core:ConstructionInProgressAssetsUnderConstruction 2024-11-30 04322191 core:PlantMachinery 2024-11-30 04322191 core:FurnitureFittings 2024-11-30 04322191 core:MotorVehicles 2024-11-30 04322191 core:WithinOneYear 2025-11-30 04322191 core:WithinOneYear 2024-11-30 04322191 core:CurrentFinancialInstruments 2025-11-30 04322191 core:CurrentFinancialInstruments 2024-11-30 04322191 core:Non-currentFinancialInstruments 2025-11-30 04322191 core:Non-currentFinancialInstruments 2024-11-30 04322191 core:ShareCapital 2025-11-30 04322191 core:ShareCapital 2024-11-30 04322191 core:RetainedEarningsAccumulatedLosses 2025-11-30 04322191 core:RetainedEarningsAccumulatedLosses 2024-11-30 04322191 bus:Director1 2024-12-01 2025-11-30 04322191 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 04322191 core:PlantMachinery 2024-12-01 2025-11-30 04322191 core:FurnitureFittings 2024-12-01 2025-11-30 04322191 core:MotorVehicles 2024-12-01 2025-11-30 04322191 2023-12-01 2024-11-30 04322191 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 04322191 core:ConstructionInProgressAssetsUnderConstruction 2024-11-30 04322191 core:PlantMachinery 2024-11-30 04322191 core:FurnitureFittings 2024-11-30 04322191 core:MotorVehicles 2024-11-30 04322191 2024-11-30 04322191 core:ConstructionInProgressAssetsUnderConstruction 2024-12-01 2025-11-30 04322191 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 04322191 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 04322191 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 04322191 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 04322191 bus:FRS102 2024-12-01 2025-11-30 04322191 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 04322191 bus:Director2 2024-12-01 2025-11-30 04322191 bus:Director3 2024-12-01 2025-11-30 04322191 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP