Company registration number 05809298 (England and Wales)
NICHOLAS BUILDERS UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
NICHOLAS BUILDERS UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NICHOLAS BUILDERS UK LTD
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,305
17,755
Current assets
Stocks
44,902
29,585
Debtors
4
342
7,513
Cash at bank and in hand
154,942
120,025
200,186
157,123
Creditors: amounts falling due within one year
5
(92,450)
(81,775)
Net current assets
107,736
75,348
Total assets less current liabilities
124,041
93,103
Provisions for liabilities
(3,024)
(3,283)
Net assets
121,017
89,820
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
120,017
88,820
Total equity
121,017
89,820

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 14 October 2023 and are signed on its behalf by:
Mr D P Nicholas
Director
Company Registration No. 05809298
NICHOLAS BUILDERS UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Nicholas Builders UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Ledbury Business Centre, 136 Bridge Street, Ledbury, Herefordshire, England, HR8 2AS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
33 1/3% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

NICHOLAS BUILDERS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
NICHOLAS BUILDERS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2022
31,782
687
21,990
54,459
Additions
3,500
-
0
-
0
3,500
At 30 June 2023
35,282
687
21,990
57,959
Depreciation and impairment
At 1 July 2022
29,953
687
6,064
36,704
Depreciation charged in the year
968
-
0
3,982
4,950
At 30 June 2023
30,921
687
10,046
41,654
Carrying amount
At 30 June 2023
4,361
-
0
11,944
16,305
At 30 June 2022
1,829
-
0
15,926
17,755
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
5,838
Other debtors
342
1,675
342
7,513
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
9,796
4,095
Taxation and social security
16,824
10,412
Other creditors
65,830
67,268
92,450
81,775

The directors lend funds to the company on an interest free basis which is repayable upon demand.

2023-06-302022-07-01false14 October 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr D P NicholasMr P J NicholasMr P J Nicholas058092982022-07-012023-06-30058092982023-06-30058092982022-06-3005809298core:PlantMachinery2023-06-3005809298core:FurnitureFittings2023-06-3005809298core:MotorVehicles2023-06-3005809298core:PlantMachinery2022-06-3005809298core:FurnitureFittings2022-06-3005809298core:MotorVehicles2022-06-3005809298core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3005809298core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3005809298core:CurrentFinancialInstruments2023-06-3005809298core:CurrentFinancialInstruments2022-06-3005809298core:ShareCapital2023-06-3005809298core:ShareCapital2022-06-3005809298core:RetainedEarningsAccumulatedLosses2023-06-3005809298core:RetainedEarningsAccumulatedLosses2022-06-3005809298bus:Director12022-07-012023-06-3005809298core:PlantMachinery2022-07-012023-06-3005809298core:FurnitureFittings2022-07-012023-06-3005809298core:MotorVehicles2022-07-012023-06-30058092982021-07-012022-06-3005809298core:PlantMachinery2022-06-3005809298core:FurnitureFittings2022-06-3005809298core:MotorVehicles2022-06-30058092982022-06-3005809298core:WithinOneYear2023-06-3005809298core:WithinOneYear2022-06-3005809298bus:PrivateLimitedCompanyLtd2022-07-012023-06-3005809298bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3005809298bus:FRS1022022-07-012023-06-3005809298bus:AuditExemptWithAccountantsReport2022-07-012023-06-3005809298bus:Director22022-07-012023-06-3005809298bus:CompanySecretary12022-07-012023-06-3005809298bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP