REGISTERED NUMBER: 02804518 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

NUCLEAR INDUSTRY ASSOCIATION

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N F Houlton

Ms S E Ferns

K S Holmes

Lord I M McNicol

Ms C A Middlehurst

Ms L J Roche

S Browning

T J Greatrex

D J Keiran

REGISTERED OFFICE:

4th Floor, York House

23 Kingsway

London

WC2B 6UJ

REGISTERED NUMBER:

02804518 (England and Wales)

AUDITORS:

Sargeant Partnership Limited

Chartered Accountants

and Statutory Auditors

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

13,972

7,497

CURRENT ASSETS

Debtors

5

320,810

347,223

Cash at bank and in hand

1,321,504

1,107,156

1,642,314

1,454,379

CREDITORS

Amounts falling due within one year

6

340,588

318,918

NET CURRENT ASSETS

1,301,726

1,135,461

TOTAL ASSETS LESS CURRENT LIABILITIES

1,315,698

1,142,958

PROVISIONS FOR LIABILITIES

8

3,493

1,874

NET ASSETS

1,312,205

1,141,084

RESERVES

Income and expenditure account

9

1,312,205

1,141,084

1,312,205

1,141,084

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 1 October 2026 and were signed on its behalf by:

T J Greatrex - Director

1.	STATUTORY INFORMATION

Nuclear Industry Association is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in sterling, which is the functional currency of the company.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in these accounts.

Turnover

The company's turnover represents subscription income and other contributions invoiced to members and other interested parties in respect of the year and is stated exclusive of value added tax.

Tangible fixed assets

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

Computer equipment

-

33% per annum on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Lease commitments

Rentals payable for the year under operating leases are charged in the profit and loss account.

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.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025

20,661

Additions

14,442

At 31 March 2026

35,103

DEPRECIATION

At 1 April 2025

13,164

Charge for year

7,967

At 31 March 2026

21,131

NET BOOK VALUE

At 31 March 2026

13,972

At 31 March 2025

7,497

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

163,165

223,371

Other debtors

157,645

123,852

320,810

347,223

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

47,004

84,434

Taxation and social security

91,015

87,776

Other creditors

202,569

146,708

340,588

318,918

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

241,515

240,263

Between one and five years

483,030

724,545

724,545

964,808

The entity entered into a lease agreement commencing 26 April 2024, for 5 years. The amount payable per annum has increased from £234,000 to £241,515.

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

3,493

1,874

Deferred

tax

£

Balance at 1 April 2025

1,874

Movement in the year

1,619

Balance at 31 March 2026

3,493

9.

RESERVES

Income

and

expenditur

account

£

At 1 April 2025

1,141,084

Surplus for the year

171,121

At 31 March 2026

1,312,205

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gary Sargeant (Senior Statutory Auditor)

for and on behalf of Sargeant Partnership Limited

11.	RELATED PARTY DISCLOSURES

Lord I M McNicol, who is a Director and Chairmen of Nuclear Industry Association, received directors remuneration during the year.

The key personnel of the company are the Directors and the Chairman.

Sales of £7,175 were made to International Nuclear Services Limited during the year.

12.	SHARE CAPITAL

The company is limited by guarantee and has no share capital.