Acorah Software Products - Accounts Production 19.3.600 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 SC553209 M Stephen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC553209 2024-12-31 SC553209 2025-12-31 SC553209 2025-01-01 2025-12-31 SC553209 frs-core:CurrentFinancialInstruments 2025-12-31 SC553209 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 SC553209 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 SC553209 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 SC553209 frs-core:PlantMachinery 2025-12-31 SC553209 frs-core:PlantMachinery 2025-01-01 2025-12-31 SC553209 frs-core:PlantMachinery 2024-12-31 SC553209 frs-core:ShareCapital 2025-12-31 SC553209 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC553209 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC553209 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 SC553209 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC553209 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC553209 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC553209 1 2025-01-01 2025-12-31 SC553209 frs-bus:Director1 2025-01-01 2025-12-31 SC553209 frs-countries:Scotland 2025-01-01 2025-12-31 SC553209 2023-12-31 SC553209 2024-12-31 SC553209 2024-01-01 2024-12-31 SC553209 frs-core:CurrentFinancialInstruments 2024-12-31 SC553209 frs-core:ShareCapital 2024-12-31 SC553209 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: SC553209
NXG Assets Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Director M Stephen
Company Number SC553209
Registered Office Ness Point, Blackness Road
Altens Industrial Estate
Aberdeen
AB12 3LH
Page 1
Page 2
Balance Sheet
Registered number: SC553209
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,223,165 -
Tangible Assets 5 8,261,662 6,358,469
10,484,827 6,358,469
Creditors: Amounts Falling Due Within One Year 6 (15,838,861 ) (9,435,205 )
NET CURRENT ASSETS (LIABILITIES) (15,838,861 ) (9,435,205 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,354,034 ) (3,076,736 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (208,814 )
NET LIABILITIES (5,354,034 ) (3,285,550 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (5,354,134 ) (3,285,650 )
SHAREHOLDERS' FUNDS (5,354,034) (3,285,550)
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
M Stephen
Director
20th August 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
NXG Assets Limited is a private company, limited by shares, incorporated in Scotland, registered number SC553209 . The registered office is Ness Point, Blackness Road, Altens Industrial Estate, Aberdeen, AB12 3LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
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.
Development costs will be amortised evenly over their estimated useful life.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if
held under a finance lease, over the lease term, whichever is the shorter:
Plant & Machinery 20% on cost and 10% on cost
2.6. 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was NIL (2024: NIL)
- -
Page 3
Page 4
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2025 -
Additions 2,223,165
As at 31 December 2025 2,223,165
Net Book Value
As at 31 December 2025 2,223,165
As at 1 January 2025 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2025 8,892,841
Additions 4,180,490
As at 31 December 2025 13,073,331
Depreciation
As at 1 January 2025 2,534,372
Provided during the period 2,277,297
As at 31 December 2025 4,811,669
Net Book Value
As at 31 December 2025 8,261,662
As at 1 January 2025 6,358,469
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Amounts owed to group undertakings 15,838,861 9,435,205
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The controlling party is NXG Global Group Limited.
Page 4