Notes to the Financial Statements continued for the year ended 30 September 2025
14 Trade and other receivables continued The ageing of trade receivables and other receivables at the end of the reporting year was:
Expected credit losses 2025 £m
Gross 2024 Restated * £m
Expected credit losses 2024 £m
Net 2024 Restated * £m
Gross 2025 £m
Net 2025 £m
Group
Trade receivables: Not past due Past due 0–30 days Past due 31–90 days
10.5
— — —
10.5
13.8
— — —
13.8
2.1 0.9 1.3
2.1 0.9 0.6
2.1 0.7 2.3
2.1 0.7 0.7
(0.7)
Past due more than 90 days
(1.6)
14.8
(0.7)
14.1
18.9
(1.6)
17.3
Other receivables: Not past due
1.0
—
1.0
1.1
—
1.1
Total
15.8
(0.7)
15.1
20.0
(1.6)
18.4
* P rior period comparative ageing analysis has been restated following a review which identified that the 2024 analysis was prepared based on invoice date rather than due date.
The Company had no trade receivables (2024: £nil). The standard period for credit sales varies from 30 days to 60 days. The Group assesses the creditworthiness of all trade debts on an ongoing basis providing for expected credit losses in line with IFRS 9. The Group has considered credit risk rating grades; these are based on the ageing categories above. New customers are subject to stringent credit checks. The movement in the expected credit losses of trade and other receivables (being the credit losses recognised on financial assets, specifically trade receivables) is as follows:
Expected credit loss provision £m
Balance at 1 June 2023
(2.0)
Provision utilised during the period
0.4
Balance at 30 September 2024 Transferred to assets held for sale
(1.6)
0.9
Balance at 30 September 2025
(0.7)
15 Deferred tax assets and liabilities (Group) Deferred tax assets and liabilities on the Consolidated Balance Sheet are offset in accordance with IAS 12. A summary of this, offset with significant jurisdictions, is shown for the Group (including discontinued operations) below:
2025
UK £m
US £m
Netherlands £m
Total £m
Asset/(liability)
— — 0.2
0.2
Plant and equipment
0.4
6.3
— 6.7
Short-term temporary differences
— — 0.1
0.1
IFRS 16 assets Intangible assets
(0.6)
(6.3)
(0.5)
(7.4)
1.2
— — 1.2
Share-based payments
— — — —
Tax losses
Deferred tax asset/(liability)
1.0
— (0.2)
0.8
Analysed as follows: Non-current assets Non-current liabilities
1.0
— — 1.0
— — (0.2)
(0.2)
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 136
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