NERO BLACK 20 LTD


Director	BALL, Tyler Peter


Registered Address	First Floor Swan Building
	20 Swan Street
	Manchester
	M4 5JW


Registered Number	16324377 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026
		£	£
Fixed assets
Tangible assets	3		2,748
			2,748
Current assets
Stocks	4	106,995
Debtors		148,934
Cash at bank and on hand		130,157
		386,086
Creditors amounts falling due within one year	5	(239,062)
Net current assets (liabilities)			147,024
Total assets less current liabilities			149,772
Provisions for liabilities	6		(687)
Net assets			149,085
Capital and reserves
Called up share capital			100
Profit and loss account			148,985
Shareholders' funds			149,085

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 1 October 2026, and are signed on its behalf by:

BALL, Tyler Peter
Director
Registered Company No. 16324377

NERO BLACK 20 LTD

Notes to the Financial Statements
for the period ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	5

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, stocks are reviewed for impairment. Where the estimated selling price less costs to complete and sell falls below cost, or where items are identified as slow-moving or obsolete, provision is made and the resulting loss is recognised in profit or loss. When stocks are sold, the carrying amount is recognised as an expense within cost of sales in the same period as the related revenue.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, stocks are reviewed for impairment. Where the estimated selling price less costs to complete and sell falls below cost, or where items are identified as slow-moving or obsolete, provision is made and the resulting loss is recognised in profit or loss. When stocks are sold, the carrying amount is recognised as an expense within cost of sales in the same period as the related revenue.

	Financial instruments
	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans to and from related parties. Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans to and from related parties.

Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Share capital
	Allotted, called up and fully paid: 100 Ordinary shares of £1 each: £100 On incorporation the company allotted 100 Ordinary shares of £1 each, aggregate nominal value £100. The consideration of £100 was received by way of set-off against the director's loan account.

2.	Average number of employees


		2026
	Average number of employees during the year	0

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	2,802	2,802
At 31 March 26	2,802	2,802
Depreciation and impairment
Charge for year	54	54
At 31 March 26	54	54
Net book value
At 31 March 26	2,748	2,748
At 17 March 25	-	-

4.	Stocks

		2026
		£
	Finished goods	106,995
	Total	106,995

5.	Creditors: amounts due within one year

		2026
		£
	Trade creditors / trade payables	97,843
	Taxation and social security	54,291
	Other creditors	86,928
	Total	239,062

6.	Provisions for liabilities

		2026
		£
	Net deferred tax liability (asset)	687
	Total	687

7.	Related party transactions
	Never Ending Limited and Nero LLC are companies under the control of the director, T P Ball. At the balance sheet date the company owed Never Ending Limited £80,160. The balance is unsecured, interest free and is repayable on demand. At the balance sheet date Nero LLC owed the company £90,981. The balance arose in the ordinary course of trade, is unsecured and interest free. Included within other creditors is £6,768 due to the director. The balance is unsecured, interest free and is repayable on demand.

Related party transactions

Never Ending Limited and Nero LLC are companies under the control of the director, T P Ball. 

At the balance sheet date the company owed Never Ending Limited £80,160. The balance is unsecured, interest free and is repayable on demand.

At the balance sheet date Nero LLC owed the company £90,981. The balance arose in the ordinary course of trade, is unsecured and interest free.

Included within other creditors is £6,768 due to the director. The balance is unsecured, interest free and is repayable on demand.