REGISTERED NUMBER: 05097143 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2026

FOR

NEXSTOR LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M D Allen

Mr P J Smith

REGISTERED OFFICE:

5 Acorn Business Park

Commercial Gate

Mansfield

Nottinghamshire

NG18 1EX

REGISTERED NUMBER:

05097143 (England and Wales)

ACCOUNTANTS:

Elkingtons Accountants Limited

1st Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

FIXED ASSETS

Tangible assets

4

270,915

447,187

CURRENT ASSETS

Stocks

8,888

69,287

Debtors

3,055,185

2,708,843

Cash at bank

1,036,087

1,629,075

4,100,160

4,407,205

CREDITORS

Amounts falling due within one year

2,860,961

3,567,136

NET CURRENT ASSETS

1,239,199

840,069

TOTAL ASSETS LESS CURRENT LIABILITIES

1,510,114

1,287,256

CREDITORS

Amounts falling due after more than one year

-

(41,972

)

PROVISIONS FOR LIABILITIES

(34,791

)

(77,168

)

NET ASSETS

1,475,323

1,168,116

CAPITAL AND RESERVES

Called up share capital

660

660

Capital redemption reserve

340

340

Retained earnings

1,474,323

1,167,116

1,475,323

1,168,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 6th October 2026 and were signed on its behalf by:

Mr M D Allen - Director

1.	STATUTORY INFORMATION

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

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of consideration received or receivable for goods and services provided in the normal course of business, net of VAT and other sales-related taxes. For contracts relating to the sale of software licences and associated support services, revenue is recognised at the point in time when control of the licence is transferred to the customer.

The Company has determined that, in respect of these arrangements, it acts primarily as an intermediary in facilitating the supply of the software licence, which is substantially provided by the original equipment manufacturer (OEM). The Company’s performance obligation is satisfied upon arranging access to the licence at contract commencement and revenue is therefore recognised at that date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost and not provided

Improvements to property

-

15% on reducing balance

Plant and machinery

-

20% on reducing balance

Office equipment

-

33% on cost and 20% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 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.

Research and development

Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life.

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

Leasing commitments

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.

Amounts recoverable on contracts

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised immediately for the entire loss.

Related party disclosures

During the year the company wrote off a loan balance of £13,941 due from a connected company, in which the directors hold a participating interest. The loan was on an interest free basis, with the balance outstanding being repayable upon demand. The balance outstanding at the year end date was £nil (2025 £13,941)

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2025 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st February 2025

1,693,259

Additions

3,764

Disposals

(14,439

)

At 31st January 2026

1,682,584

DEPRECIATION

At 1st February 2025

1,246,072

Charge for year

180,036

Eliminated on disposal

(14,439

)

At 31st January 2026

1,411,669

NET BOOK VALUE

At 31st January 2026

270,915

At 31st January 2025

447,187

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st February 2025

and 31st January 2026

447,044

DEPRECIATION

At 1st February 2025

261,597

Charge for year

124,570

At 31st January 2026

386,167

NET BOOK VALUE

At 31st January 2026

60,877

At 31st January 2025

185,447

5.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

12,781

27,402

The bank loan is secured by a fixed charge over the company's freehold property.

6.	OPERATIONAL LEASE COMMITMENTS

Total commitments under non cancellable operating leases at the balance sheet date is £6,320 (2025: £2,936)

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2026 and 31st January 2025:

2026

2025

£

£

Mr T Platts

Balance outstanding at start of year

-

-

Amounts advanced

25,902

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,902

-

The directors have borrowed money from the company on an interest free basis. The balance outstanding is unsecured and repayable upon demand.