1 September 2021 false No description of principal activity Taxfiler 2023.14 11518048business:PrivateLimitedCompanyLtd2021-09-012022-08-31 115180482021-08-31 115180482021-09-012022-08-31 11518048business:AuditExempt-NoAccountantsReport2021-09-012022-08-31 11518048business:FilletedAccounts2021-09-012022-08-31 115180482022-08-31 11518048business:Director12021-09-012022-08-31 11518048business:RegisteredOffice2021-09-012022-08-31 115180482021-08-31 11518048core:WithinOneYear2022-08-31 11518048core:WithinOneYear2021-08-31 11518048core:AfterOneYear2022-08-31 11518048core:AfterOneYear2021-08-31 11518048core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 11518048core:ShareCapitalcore:PreviouslyStatedAmount2021-08-31 11518048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 11518048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-08-31 11518048core:PreviouslyStatedAmount2022-08-31 11518048core:PreviouslyStatedAmount2021-08-31 11518048business:SmallEntities2021-09-012022-08-31 11518048countries:EnglandWales2021-09-012022-08-31 11518048core:PlantMachinery2021-09-012022-08-31 11518048core:PlantMachinery2021-08-31 11518048core:PlantMachinery2022-08-31 115180482020-09-012021-08-31 iso4217:GBP xbrli:pure
Company Registration No. 11518048 (England and Wales)
Nico Automotive Ltd Unaudited accounts for the year ended 31 August 2022
Nico Automotive Ltd Unaudited accounts Contents
Page
- 2 -
Nico Automotive Ltd Company Information for the year ended 31 August 2022
Director
Mr Andrew NICOLINI
Company Number
11518048 (England and Wales)
Registered Office
509A Ipswich Road Colchester Essex CO4 9HD
Accountants
BARRIE INGRAM 69 Endsleigh Court Lexden COLCHESTER ESSEX CO3 3QW
- 3 -
Nico Automotive Ltd Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,392 
9,588 
Current assets
Debtors
9,754 
52,667 
Cash at bank and in hand
74 
518 
9,828 
53,185 
Creditors: amounts falling due within one year
(9,928)
(6,290)
Net current (liabilities)/assets
(100)
46,895 
Total assets less current liabilities
6,292 
56,483 
Creditors: amounts falling due after more than one year
(16,383)
(43,440)
Net (liabilities)/assets
(10,091)
13,043 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(10,092)
13,042 
Shareholders' funds
(10,091)
13,043 
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2024 and were signed on its behalf by
Mr Andrew NICOLINI Director Company Registration No. 11518048
- 4 -
Nico Automotive Ltd Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
Nico Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 11518048. The registered office is 509A, Ipswich Road, Colchester, Essex, CO4 9HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2021
15,980 
At 31 August 2022
15,980 
Depreciation
At 1 September 2021
6,392 
Charge for the year
3,196 
At 31 August 2022
9,588 
Net book value
At 31 August 2022
6,392 
At 31 August 2021
9,588 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
9,754 
52,667 
- 5 -
Nico Automotive Ltd Notes to the Accounts for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
6,933 
3,938 
Obligations under finance leases and hire purchase contracts
2,995 
- 
Taxes and social security
- 
2,352 
9,928 
6,290 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
13,388 
15,750 
Obligations under finance leases and hire purchase contracts
2,995 
5,991 
Other creditors
- 
21,699 
16,383 
43,440 
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
- 6 -