ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 03359571

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2025

	NAD INSULATIONS LIMITED


NAD INSULATIONS LIMITED

COMPANY INFORMATION

Director	N A Carter


Registered number	03359571


Registered office	Magna House
	18-32 London Road
	Staines-Upon-Thames
	Surrey
	TW18 4BP


Trading Address	2 Old School Court
	Wraysbury
	Berkshire
	TW19 5BP



Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


NAD INSULATIONS LIMITED

CONTENTS

	Page
Accountants' report	1
Statement of financial position	2 - 3
Notes to the financial statements	4 - 8


NAD INSULATIONS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NAD INSULATIONS LIMITED
FOR THE YEAR ENDED 30 APRIL 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NAD Insulations Limited for the year ended 30 April 2025 which comprise the Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a 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 at:https://www.icaew.com /regulation.

This report is made solely to the director of NAD Insulations Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of NAD Insulations Limited and state those matters that we have agreed to state to the director of NAD Insulations Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NAD Insulations Limited and its director for our work or for this report.

It is your duty to ensure that NAD Insulations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that NAD Insulations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of NAD Insulations Limited. 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.

$AccRepSigner

Menzies LLP

Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP

20 November 2025

$AccRepSignerDate

Page 1


NAD INSULATIONS LIMITED REGISTERED NUMBER:03359571

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		117,317		87,990
			117,317		87,990
Current assets
Stocks		3,823		17,448
Debtors: amounts falling due within one year	5	149,103		233,966
Cash at bank and in hand		38,347		12,423
		191,273		263,837
Creditors: amounts falling due within one year	6	(128,475)		(177,854)
Net current assets			62,798		85,983
Total assets less current liabilities			180,115		173,973
Creditors: amounts falling due after more than one year	7		(50,124)		(49,020)
Provisions for liabilities
Deferred tax		(17,591)		(7,778)
			(17,591)		(7,778)
Net assets			112,400		117,175

Capital and reserves
Called up share capital	100	100
Profit and loss account	112,300	117,075
	112,400	117,175

Page 2


NAD INSULATIONS LIMITED REGISTERED NUMBER:03359571

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N A Carter

Director

Date: 20 November 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 3


NAD INSULATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

NAD Insulations Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address and principal place of business can be found on the company information page. The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

2.2

Going concern

The financial statements have been prepared on a going concern basis. There have been no siginicant judgements or estimates used by management in assessing this basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 4


NAD INSULATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Motor vehicles	-	25%	reducing balance
				Fixtures and fittings	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5


NAD INSULATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 -2).

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 May 2024	120,827	7,188	128,015
Additions	52,278	-	52,278
At 30 April 2025	173,105	7,188	180,293
Depreciation
At 1 May 2024	35,565	4,460	40,025
Charge for the year on owned assets	5,799	682	6,481
Charge for the year on financed assets	16,470	-	16,470
At 30 April 2025	57,834	5,142	62,976
Net book value
At 30 April 2025	115,271	2,046	117,317
At 30 April 2024	85,262	2,728	87,990

Page 6


NAD INSULATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Motor vehicles	97,874	62,066
	97,874	62,066

Debtors

					2025	2024
					£	£


Trade debtors	92,132	205,209
Other debtors	52,117	24,400
Prepayments and accrued income	4,854	4,357
	149,103	233,966

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	10,000	10,000
Trade creditors	68,318	120,850
Corporation tax	-	24,888
Other taxation and social security	6,586	4,988
Obligations under finance lease and hire purchase contracts	35,518	13,471
Other creditors	4,053	2
Accruals and deferred income	4,000	3,655
	128,475	177,854

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	1,667	11,667
Net obligations under finance leases and hire purchase contracts	48,457	37,353
	50,124	49,020

Page 7


NAD INSULATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Amounts falling due within one year
Bank loans	10,000	10,000
	10,000	10,000
Amounts falling due 1-2 years
Bank loans	1,667	10,000
	1,667	10,000
Amounts falling due 2-5 years
Bank loans	-	1,667
	-	1,667

	11,667	21,667

The Bank loan is secured by the U.K. Government under the Bounce Back Loan Scheme.

Within one year	35,518	13,471
Between 1-5 years	48,457	14,589
Over 5 years	-	22,764
	83,975	50,824

The Hire Purchase liability is secured over the tangible fixed assets to which they pertain.

Page 8