REGISTERED NUMBER: 02804518 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NUCLEAR INDUSTRY ASSOCIATION

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms S E Ferns

A D Cumming

K S Holmes

Lord I M McNicol

Ms L J Roche

T J Greatrex

A J Storer

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

7,497

9,303

CURRENT ASSETS

Debtors

5

347,223

294,344

Cash at bank and in hand

1,107,156

1,012,793

1,454,379

1,307,137

CREDITORS

Amounts falling due within one year

6

318,918

346,510

NET CURRENT ASSETS

1,135,461

960,627

TOTAL ASSETS LESS CURRENT LIABILITIES

1,142,958

969,930

PROVISIONS FOR LIABILITIES

8

1,874

2,326

NET ASSETS

1,141,084

967,604

RESERVES

Income and expenditure account

9

1,141,084

967,604

1,141,084

967,604

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 10 September 2025 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 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

16,442

Additions

4,219

At 31 March 2025

20,661

DEPRECIATION

At 1 April 2024

7,139

Charge for year

6,025

At 31 March 2025

13,164

NET BOOK VALUE

At 31 March 2025

7,497

At 31 March 2024

9,303

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

223,371

164,095

Other debtors

123,852

130,249

347,223

294,344

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

84,434

40,242

Taxation and social security

87,776

128,929

Other creditors

146,708

177,339

318,918

346,510

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

240,263

257,333

Between one and five years

724,545

955,500

964,808

1,212,833

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

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,874

2,326

Deferred

tax

£

Balance at 1 April 2024

2,326

Movement in the year

(452

)

Balance at 31 March 2025

1,874

9.

RESERVES

Income

and

expenditure

account

£

At 1 April 2024

967,604

Surplus for the year

173,480

At 31 March 2025

1,141,084

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

The Report of the Auditors was unqualified.

Ms Joanne Brown (Senior Statutory Auditor)

for and on behalf of Sargeant Partnership Limited

11.	RELATED PARTY DISCLOSURES

Dr T Stone, Director and Chairman of Nuclear Industry Association, received directors remuneration instead of consultancy fees until the date of resignation. This is the same as 2024.

The newly appointed Chairman Nuclear Industry Association Lord I M McNicol received directors remuneration during the year..

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

12.	SHARE CAPITAL

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