Nexus Steel Trading Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08767655

Nexus Steel Trading Limited

Filleted Unaudited Financial Statements

30 November 2025

Nexus Steel Trading Limited

Financial Statements

Year ended 30th November 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Nexus Steel Trading Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		934		1,246

Current assets

Debtors	6	9,797	15,065
Cash at bank and in hand		–	1,525
		-------	--------
		9,797	16,590

Creditors: amounts falling due within one year	7	16,214		15,651
		--------		--------
Net current (liabilities)/assets			( 6,417)		939
			-------		-------
Total assets less current liabilities			( 5,483)		2,185

Creditors: amounts falling due after more than one year	8		–		1,580

Provisions

Taxation including deferred tax	178	237
	-------	-------
Net (liabilities)/assets	( 5,661)	368
	-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 5,761)	268
	-------	----
Shareholders (deficit)/funds	( 5,661)	368
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th November 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Nexus Steel Trading Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 27 August 2026 , and are signed on behalf of the board by:

MR D J Caine
Director

Company registration number: 08767655

Nexus Steel Trading Limited

Notes to the Financial Statements

Year ended 30th November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Sweet Water Court, Lostock Gralam, Northwich, CW9 7FG, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1st December 2024 and 30th November 2025	11,192	11,192
	--------	--------
Depreciation
At 1st December 2024	9,946	9,946
Charge for the year	312	312
	--------	--------
At 30th November 2025	10,258	10,258
	--------	--------
Carrying amount
At 30th November 2025	934	934
	--------	--------
At 30th November 2024	1,246	1,246
	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	912	9,500
Other debtors	8,885	5,565
	-------	--------
	9,797	15,065
	-------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,521	3,090
Trade creditors	875	–
Social security and other taxes	10,978	11,781
Other creditors	840	780
	--------	--------
	16,214	15,651
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	1,580
	----	-------

9. Director's advances, credits and guarantees

Included within other debtors above is a balance of £6,457 (2024: £1,986) owed by the director.

10. Related party transactions

The company was under the control of Mr D Caine throughout the current period. Mr D Caine is the managing director and majority shareholder.