REGISTERED NUMBER: 03484832 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

NGI Design Ltd

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

10

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NGI Design Ltd for the year ended 31 December 2025 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of NGI Design Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NGI Design Ltd and state those matters that we have agreed to state to the Board of Directors of NGI Design Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NGI Design Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NGI Design Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NGI Design Ltd. You consider that NGI Design Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NGI Design Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

12 October 2026

Fixed assets

Intangible assets

5

-

-

Tangible assets

6

307,499

207,131

307,499

207,131

Current assets

Stocks

7

184,103

144,169

Debtors

8

14,238

26,896

Cash at bank

3

100,973

198,344

272,038

Creditors

Amounts falling due within one year

9

366,031

408,138

Net current liabilities

(167,687

)

(136,100

)

Total assets less current liabilities

139,812

71,031

Creditors

Amounts falling due after more than one year

10

(51,361

)

(35,410

)

Provisions for liabilities

(24,947

)

-

Net assets

63,504

35,621

Capital and reserves

Called up share capital

13

2

2

Revaluation reserve

14

57,999

-

Retained earnings

5,503

35,619

Shareholders' funds

63,504

35,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

N J Partridge - Director

D Cherry - Director

1.	Statutory information

NGI Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03484832

Registered office:

4-6 High Street

St Martins

Stamford

Lincolnshire

PE9 2LF

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on a straight line basis

Motor vehicles

-

25% on a straight line basis

Computer & office equipmt

-

25% on a straight line basis

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible asset includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Transactions in foreign currencies

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Freehold Property

The company does not depreciate freehold property. The directors are satisfied that the holding value of the property is at least equal to its ultimate residual value. This treatment is contrary to the Companies Act 2006, which states that the fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4.	Employees and directors

The average number of employees during the year was 5 (2024 - 6 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2025

and 31 December 2025

6,500

Amortisation

At 1 January 2025

and 31 December 2025

6,500

Net book value

At 31 December 2025

-

At 31 December 2024

-

6.	Tangible fixed assets

Fixtures

Computer

Freehold

and

Motor

& office

property

fittings

vehicles

equipmt

Totals

£

£

£

£

£

Cost or valuation

At 1 January 2025

172,668

28,168

154,970

24,679

380,485

Additions

-

-

48,798

4,082

52,880

Disposals

-

-

(121,980

)

-

(121,980

)

Revaluations

77,332

-

-

-

77,332

At 31 December 2025

250,000

28,168

81,788

28,761

388,717

Depreciation

At 1 January 2025

-

25,344

127,143

20,867

173,354

Charge for year

-

1,170

12,314

3,653

17,137

Eliminated on disposal

-

-

(109,273

)

-

(109,273

)

At 31 December 2025

-

26,514

30,184

24,520

81,218

Net book value

At 31 December 2025

250,000

1,654

51,604

4,241

307,499

At 31 December 2024

172,668

2,824

27,827

3,812

207,131

Cost or valuation at 31 December 2025 is represented by:

Fixtures

Computer

Freehold

and

Motor

& office

property

fittings

vehicles

equipmt

Totals

£

£

£

£

£

Valuation in 2025

77,332

-

-

-

77,332

Cost

172,668

28,168

81,788

28,761

311,385

250,000

28,168

81,788

28,761

388,717

If warehouse unit had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

172,668

172,668

Value of land in freehold land and buildings

172,668

172,668

Warehouse unit was valued on an open market basis on 12 December 2025 by Pepperdine & Freckingham Commercial .

7.

Stocks

2025

2024

£

£

Stocks

162,267

131,250

Work-in-progress

21,836

12,919

184,103

144,169

8.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

11,148

16,290

Provision for bad debts &

credit notes

(509

)

(509

)

Directors' loan accounts

1,174

7,368

Prepayments

2,425

3,747

14,238

26,896

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts (see note 11)

52,906

14,679

Hire purchase contracts

13,467

60,345

Trade creditors

102,804

138,218

Corporation tax

45,682

62,896

Social security and other taxes

4,576

2,034

VAT

25,387

40,626

Pension creditor

788

623

Deposits held

36,227

61,636

Directors' loan accounts

43,506

6,803

Accrued expenses

40,688

20,278

366,031

408,138

10.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans (see note 11)

12,027

27,901

Hire purchase contracts

39,334

7,509

51,361

35,410

11.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

38,190

-

Bank loans

14,716

14,679

52,906

14,679

Amounts falling due between two and five years:

Bank loans - 2-5 years

12,027

27,901

12.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

26,743

42,580

Hire purchase contracts

52,801

67,854

79,544

110,434

Bank loan is secured on the company's freehold property.

Obligations under finance lease and hire purchase contracts are secured on assets financed.

13.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

£1

2

2

14.

Reserves

Revaluation

reserve

£

Revaluation

77,332

Revaluation - deferred tax

(19,333

)

At 31 December 2025

57,999

15.	Capital commitments

2025

2024

£

£

Contracted but not provided for in the

financial statements

68,851

80,511

The commitments are in respect of property rental and vehicle lease obligations.

16.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

D Cherry

Balance outstanding at start of year

7,368

6,423

Amounts advanced

1,306

945

Amounts repaid

(7,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,174

7,368