IRIS Accounts Production v23.3.0.418 08014152 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080141522022-07-31080141522023-07-31080141522022-08-012023-07-31080141522021-07-31080141522021-08-012022-07-31080141522022-07-3108014152ns10:Originalns15:EnglandWales2022-08-012023-07-3108014152ns14:PoundSterlingns10:Original2022-08-012023-07-3108014152ns10:Originalns10:Director12022-08-012023-07-3108014152ns10:Original2022-08-012023-07-3108014152ns10:Original2023-07-3108014152ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3108014152ns10:Originalns10:SmallEntities2022-08-012023-07-3108014152ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3108014152ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3108014152ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3108014152ns10:Originalns10:FullAccounts2022-08-012023-07-3108014152ns10:Original12022-08-012023-07-3108014152ns10:Originalns10:Director22022-08-012023-07-3108014152ns10:Originalns10:RegisteredOffice2022-08-012023-07-3108014152ns10:Original2022-07-3108014152ns10:Originalns5:CurrentFinancialInstruments2023-07-3108014152ns10:Originalns5:CurrentFinancialInstruments2022-07-3108014152ns5:ShareCapitalns10:Original2023-07-3108014152ns5:ShareCapitalns10:Original2022-07-3108014152ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3108014152ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3108014152ns10:Originalns5:NetGoodwill2022-08-012023-07-3108014152ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-012023-07-3108014152ns10:Originalns5:ComputerSoftware2022-08-012023-07-3108014152ns10:Originalns5:FurnitureFittings2022-08-012023-07-3108014152ns10:Originalns5:ComputerEquipment2022-08-012023-07-3108014152ns10:Original2021-08-012022-07-3108014152ns10:Originalns5:NetGoodwill2022-07-3108014152ns10:Originalns5:ComputerSoftware2022-07-3108014152ns10:Original2022-07-3108014152ns10:Originalns5:NetGoodwill2023-07-3108014152ns10:Originalns5:ComputerSoftware2023-07-3108014152ns10:Originalns5:NetGoodwill2022-07-3108014152ns10:Originalns5:ComputerSoftware2022-07-3108014152ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3108014152ns10:Originalns5:FurnitureFittings2022-07-3108014152ns10:Originalns5:ComputerEquipment2022-07-3108014152ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-012023-07-3108014152ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3108014152ns10:Originalns5:FurnitureFittings2023-07-3108014152ns10:Originalns5:ComputerEquipment2023-07-3108014152ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3108014152ns10:Originalns5:FurnitureFittings2022-07-3108014152ns10:Originalns5:ComputerEquipment2022-07-3108014152ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3108014152ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3108014152ns10:Originalns5:WithinOneYear2023-07-3108014152ns10:Originalns5:WithinOneYear2022-07-3108014152ns5:BetweenOneFiveYearsns10:Original2023-07-3108014152ns5:BetweenOneFiveYearsns10:Original2022-07-3108014152ns10:Originalns5:MoreThanFiveYears2023-07-3108014152ns10:Originalns5:MoreThanFiveYears2022-07-3108014152ns10:Originalns5:AllPeriods2023-07-3108014152ns10:Originalns5:AllPeriods2022-07-31
REGISTERED NUMBER: 08014152 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

JONES NICKOLDS LIMITED

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JONES NICKOLDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: L Castle
C M Nickolds





REGISTERED OFFICE: 48 High Street
Beckenham
Kent
BR3 1AY





REGISTERED NUMBER: 08014152 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 35,975 48,070
35,975 48,070

CURRENT ASSETS
Stocks 99,112 49,649
Debtors 6 793,823 897,551
Cash at bank and in hand 506,631 455,134
1,399,566 1,402,334
CREDITORS
Amounts falling due within one year 7 (629,149 ) (515,523 )
NET CURRENT ASSETS 770,417 886,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

806,392

934,881

PROVISIONS FOR LIABILITIES (8,994 ) (12,018 )
NET ASSETS 797,398 922,863

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 797,298 922,763
SHAREHOLDERS' FUNDS 797,398 922,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

BALANCE SHEET - continued
31 JULY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





L Castle - Director


JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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

1. STATUTORY INFORMATION

Jones Nickolds 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is allocated by client identifier, and calculated using the chargeable rate multiplied by chargeable time spent for each employee on each assignment.

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 29 ) .

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 750,000 4,815 754,815
AMORTISATION
At 1 August 2022
and 31 July 2023 750,000 4,815 754,815
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,243 62,059 85,025 149,327
Additions - 182 2,929 3,111
At 31 July 2023 2,243 62,241 87,954 152,438
DEPRECIATION
At 1 August 2022 1,908 37,780 61,569 101,257
Charge for year 335 3,667 11,204 15,206
At 31 July 2023 2,243 41,447 72,773 116,463
NET BOOK VALUE
At 31 July 2023 - 20,794 15,181 35,975
At 31 July 2022 335 24,279 23,456 48,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 675,664 797,927
Prepayments 118,159 99,624
793,823 897,551

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 202,372 166,300
Tax 211,619 178,737
Social security and other taxes 46,731 25,160
VAT 79,946 70,337
Other creditors 63,140 55,890
Directors' current accounts 17,741 11,499
Accrued expenses 7,600 7,600
629,149 515,523

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 92,900 88,400
Between one and five years 229,025 266,800
In more than five years - 33,750
321,925 388,950

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
950 Ordinary 10p 95 95
50 A shares 10p 5 5
100 100