IRIS Accounts Production v23.2.0.158 00537462 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005374622022-05-31005374622023-05-31005374622022-06-012023-05-31005374622021-05-31005374622021-06-012022-05-31005374622022-05-3100537462ns10:Originalns15:EnglandWales2022-06-012023-05-3100537462ns14:PoundSterlingns10:Original2022-06-012023-05-3100537462ns10:Originalns10:Director12022-06-012023-05-3100537462ns10:Original2022-06-012023-05-3100537462ns10:Original2023-05-3100537462ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3100537462ns10:Originalns10:SmallEntities2022-06-012023-05-3100537462ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3100537462ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3100537462ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3100537462ns10:Originalns10:FullAccounts2022-06-012023-05-3100537462ns10:Originalns10:Director22022-06-012023-05-3100537462ns10:Originalns10:RegisteredOffice2022-06-012023-05-3100537462ns10:Original2022-05-3100537462ns10:Originalns5:CurrentFinancialInstruments2023-05-3100537462ns10:Originalns5:CurrentFinancialInstruments2022-05-3100537462ns5:ShareCapitalns10:Original2023-05-3100537462ns5:ShareCapitalns10:Original2022-05-3100537462ns10:Originalns5:RevaluationReserve2023-05-3100537462ns10:Originalns5:RevaluationReserve2022-05-3100537462ns10:Originalns5:CapitalRedemptionReserve2023-05-3100537462ns10:Originalns5:CapitalRedemptionReserve2022-05-3100537462ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3100537462ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3100537462ns10:Originalns5:LandBuildings2022-06-012023-05-3100537462ns10:Originalns5:PlantMachinery2022-06-012023-05-3100537462ns10:Original2021-06-012022-05-3100537462ns10:Originalns5:LandBuildings2022-05-3100537462ns10:Originalns5:PlantMachinery2022-05-3100537462ns10:Originalns5:ComputerEquipment2022-05-3100537462ns10:Original2022-05-3100537462ns10:Originalns5:ComputerEquipment2022-06-012023-05-3100537462ns10:Originalns5:LandBuildings2023-05-3100537462ns10:Originalns5:PlantMachinery2023-05-3100537462ns10:Originalns5:ComputerEquipment2023-05-3100537462ns10:Originalns5:LandBuildings2022-05-3100537462ns10:Originalns5:PlantMachinery2022-05-3100537462ns10:Originalns5:ComputerEquipment2022-05-3100537462ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3100537462ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3100537462ns10:Originalns5:RevaluationReserve2022-05-31
REGISTERED NUMBER: 00537462 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

NICHOLLS BROS LIMITED

NICHOLLS BROS LIMITED (REGISTERED NUMBER: 00537462)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NICHOLLS BROS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: P G Nicholls
R C Nicholls





REGISTERED OFFICE: Park House
Braintree Road
Shalford
Braintree
Essex
CM7 5HQ





REGISTERED NUMBER: 00537462 (England and Wales)





ACCOUNTANTS: TC Group
7 Kings Court
Newcomen Way
Colchester
Essex
CO4 9RA

NICHOLLS BROS LIMITED (REGISTERED NUMBER: 00537462)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,020 67,950
Investment property 5 685,000 685,000
752,020 752,950

CURRENT ASSETS
Stocks 1,075 1,077
Debtors 6 1,684 1,031
Cash at bank and in hand 19,989 23,110
22,748 25,218
CREDITORS
Amounts falling due within one year 7 180,356 181,202
NET CURRENT LIABILITIES (157,608 ) (155,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

594,412

596,966

PROVISIONS FOR LIABILITIES 40,950 40,950
NET ASSETS 553,462 556,016

CAPITAL AND RESERVES
Called up share capital 5,875 5,875
Revaluation reserve 8 221,209 221,209
Capital redemption reserve 2,125 2,125
Retained earnings 324,253 326,807
553,462 556,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NICHOLLS BROS LIMITED (REGISTERED NUMBER: 00537462)

BALANCE SHEET - continued
31 MAY 2023


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 31 October 2023 and were signed on its behalf by:





P G Nicholls - Director


NICHOLLS BROS LIMITED (REGISTERED NUMBER: 00537462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Nicholls Bros Limited is a private company, limited by shares , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - variable rates on cost and reducing bal

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NICHOLLS BROS LIMITED (REGISTERED NUMBER: 00537462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 73,296 18,568 1,742 93,606
DEPRECIATION
At 1 June 2022 6,146 17,768 1,742 25,656
Charge for year 710 220 - 930
At 31 May 2023 6,856 17,988 1,742 26,586
NET BOOK VALUE
At 31 May 2023 66,440 580 - 67,020
At 31 May 2022 67,150 800 - 67,950

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 685,000
NET BOOK VALUE
At 31 May 2023 685,000
At 31 May 2022 685,000

The property valuation is the market value as at 31st May 2023, as valued by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 480 -
Prepayments 1,204 1,031
1,684 1,031

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 583
Other creditors 180,356 180,619
180,356 181,202

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 221,209