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Registered Number:
FINANCIAL STATEMENTS
PERIOD FROM 30 SEPTEMBER 2024 TO 28 SEPTEMBER 2025
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COMPANY INFORMATION
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CONTENTS
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STRATEGIC REPORT
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
The company's principal activity during the period continued to be that of consulting engineers. There have not been any significant changes in the company’s principal activities in the period under review. The directors are not aware, at the date of the report, of any likely changes in the company’s activities in the forthcoming period.
Revenue for the period amounted to £10,085,271 (2024: £10,589,260). This reflects the difficult market conditions across the industry.
Operating profit % has increased to 12% (2024: 9%) which highlights the strategic interventions to drive operational efficiencies and maximise resource utilisation. Effective talent management strategies are essential to harness the full potential of our team and promote a culture of collaboration and innovation. This has resulted in an operating profit of £1,188,911 (2024: £1,001,650). At the period end the company had net current assets of £5,174,139 (2024: £4,261,147) including cash at bank of £0.6m (2024: £1.10m). Thus, the company is in a strong financial position to continue trading for the foreseeable future.
We will continue to grow our business through expanding existing service offerings and entering new market sectors. We will continue our strategy of providing the highest level of service to our clients.
There have been no significant developments since the period end.
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STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
The key financial risks to which the company is exposed are price risk, credit risk, liquidity risk and cash flow risk.
Price risk: The company does not have any financial assets or liabilities held at fair value so does not anticipate any significant exposure to price risk. Credit risk: The company’s principal financial assets are bank balances and trade and other receivables. The company’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The company has no significant concentration of credit risk, with exposure over a large number of clients. Liquidity and cash flow risks: The company prepares profit and cash flow forecasts, and regularly monitors actual performance against these forecasts in order to ensure that adequate sources of finance are in place to meet the requirements of the business. In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the company has access to group debt finance. Wider economy risk: The downturn of the world economy and the current cost of living crisis has resulted in the need for a constant review of the impact this may have on the company. The directors assess and put in place plans to react to this situation as it evolves.
The company measures its financial performance using the following key performance indicators:
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STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
This report was approved by the board on 9 September 2026 and signed on its behalf.
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DIRECTORS' REPORT
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
The directors present their report and the financial statements for the period ended 28 September 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The company is a wholly owned subsidiary of Tetra Tech UK Holdings Limited. The directors are not aware, at the date of this report, of any likely major changes in the company’s activities.
The profit for the period, after taxation, amounted to £908,473 (2024 - £703,430).
The directors who served during the period were:
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NDY CONSULTING LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
The company has chosen to set out information required to be contained in the directors report in respect of exposure to principal risks and uncertainties.
The auditor, Sumer Auditco Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NDY CONSULTING LIMITED
We have audited the financial statements of NDY Consulting Limited (the 'Company') for the period ended 28 September 2025, which comprise the Statement of Comprehensive Income (including the Profit and Loss Account), the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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NDY CONSULTING LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NDY CONSULTING LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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NDY CONSULTING LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NDY CONSULTING LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussions with the directors (as required by auditing standards), inspection of the company's regulatory and legal correspondence and discussed with the directors the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of noncompliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably. Firstly, the Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the Company is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: health and safety, anti-bribery and corruption, human rights and employment law, and UK GDPR. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the company complies with such regulations, enquiries of management and those charged with governance concerning any actual or potential litigation or claims, inspection of any relevant legal documentation, review of board minutes, testing the appropriateness of journal entries and the performance of analytical review to identify any unexpected movements in account balances which may be indicative of fraud. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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NDY CONSULTING LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NDY CONSULTING LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
820 The Crescent
Colchester Business Park
Essex
CO4 9YQ
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STATEMENT OF COMPREHENSIVE INCOME (INCLUDING THE PROFIT AND LOSS ACCOUNT)
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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BALANCE SHEET
AS AT 28 SEPTEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 15 to 29 form part of these financial statements.
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STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
NDY Consulting Limited is a private company incorporated and domiciled in England & Wales, limited by share capital. The company's registration number is 03890617 and the address of the registered office and principal place of business is 1 Angel Court, London, EC2R 7HJ.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling, are rounded to the nearest £1 and have been prepared under the historical cost basis. Sterling is also considered to be the functional currency of the company.
The financial statements have been presented for a twelve month period. The financial statements are prepared on a 4-4-5 basis to the Sunday falling closest to the year end.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.
Having considered the company's forecasts and projections, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future, and for a period of at least 12 months from the date of approving these financial statements. The directors believe the company has sufficient financial support available from elsewhere within the group should it be required. For this reason the directors continue to adopt the going concern basis in preparing the accounts.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
2.Accounting policies (continued)
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from fixed price consulting contracts is recognised on the percentage of completion method, measured by reference to the extent of work completed on the project and considering the likely cost to complete the contract. Revenue from cost plus contracts is recognised by reference to the receivable costs incurred during the period plus the fee earned, measured by the proportion that costs incurred to date bear to the estimated total costs of the contract. Incomplete contracts The gross amount due from clients for incomplete contract work is the net amount of: (a) costs incurred plus recognised profits; less (b) the sum of recognised losses and progress billings for all contracts in progress for which costs incurred plus recognised profits (less recognised losses) exceeds progress billings. This is reported as part of debtors on the balance sheet as amounts recoverable on long term contracts. The gross amount due to clients for contract work is the net amount of: (a) costs incurred plus recognised profits; less (b) the sum of recognised losses and progress billings for all contracts in progress for which progress billings exceed costs incurred plus recognised profits (less recognised losses). This is reported as part of creditors on the balance sheet as unearned.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in profit or loss.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
2.Accounting policies (continued)
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affect its both current and future periods. Amounts recoverable on long term contracts and unearned fees are valued based upon an estimate of the costs to complete as at the Balance Sheet date. The carrying value of amounts recoverable on contracts at the Balance Sheet date was £217,940 (2024 : £183,218) and unearned fees were £460,584 (2024 : £1,735,243). A provision for unbilled receivables is made based upon the value of amounts recoverable on contract that are older than 60 days. The amount provided at the Balance Sheet date was £84,002 (2024: £116,896). A provision is made against trade debtors balances. The amount provided at the Balance Sheet date was £132,504 (2024 : £48,226).
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
Overseas revenue amounted to 6.47% (2024: 2.36%) of the total revenue for the period. All revenue relates to income recognised from undertaking consulting contracts.
Analysis of turnover by country of destination:
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
Called-up Share Capital
Profit and loss account
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 SEPTEMBER 2025
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