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REGISTERED NUMBER: 01265786 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Robert Nickerson & Son Limited

Robert Nickerson & Son Limited (Registered number: 01265786)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Robert Nickerson & Son Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: E R Nickerson





SECRETARY: E R Nickerson





REGISTERED OFFICE: The Hatchery
Grange Farm
Rothwell
Market Rasen
Lincolnshire
LN7 6SP





REGISTERED NUMBER: 01265786 (England and Wales)






Robert Nickerson & Son Limited (Registered number: 01265786)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,750 45,000
Tangible assets 5 115,966 88,625
158,716 133,625

CURRENT ASSETS
Stocks 360,480 320,083
Debtors 6 149,923 188,213
Cash at bank 147,071 198,496
657,474 706,792
CREDITORS
Amounts falling due within one year 7 106,569 228,560
NET CURRENT ASSETS 550,905 478,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,621

611,857

CREDITORS
Amounts falling due after more than one
year

8

(33,342

)

(54,627

)

PROVISIONS FOR LIABILITIES (21,147 ) (3,748 )
NET ASSETS 655,132 553,482

CAPITAL AND RESERVES
Called up share capital 108,048 108,048
Share premium 27,500 27,500
Capital redemption reserve 117,052 117,052
Retained earnings 402,532 300,882
SHAREHOLDERS' FUNDS 655,132 553,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Robert Nickerson & Son Limited (Registered number: 01265786)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 23 July 2024 and were signed by:





E R Nickerson - Director


Robert Nickerson & Son Limited (Registered number: 01265786)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Robert Nickerson & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Other intangible assets are being amortised evenly over their 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.
Plant and machinery - at varying rates on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Robert Nickerson & Son Limited (Registered number: 01265786)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 45,000
AMORTISATION
Amortisation for year 2,250
At 31 March 2024 2,250
NET BOOK VALUE
At 31 March 2024 42,750
At 31 March 2023 45,000

Robert Nickerson & Son Limited (Registered number: 01265786)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,450 446,343 30,221 5,119 483,133
Additions - 14,088 49,315 3,050 66,453
Disposals - - (9,300 ) - (9,300 )
At 31 March 2024 1,450 460,431 70,236 8,169 540,286
DEPRECIATION
At 1 April 2023 1,450 369,326 20,921 2,811 394,508
Charge for year - 15,890 12,329 1,593 29,812
At 31 March 2024 1,450 385,216 33,250 4,404 424,320
NET BOOK VALUE
At 31 March 2024 - 75,215 36,986 3,765 115,966
At 31 March 2023 - 77,017 9,300 2,308 88,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,505 47,701
Other debtors 148,418 140,512
149,923 188,213

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 14,175 15,620
Trade creditors 1,069 43,417
Taxation and social security 6,253 1,474
Other creditors 75,072 158,049
106,569 228,560

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 19,167 29,167
Hire purchase contracts 14,175 25,460
33,342 54,627

Robert Nickerson & Son Limited (Registered number: 01265786)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 28,350 41,080

Hire purchase contracts are secured against the assets in which they relate to.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
E R Nickerson
Balance outstanding at start of year - -
Amounts advanced 20,490 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,490 -

Interest has been charged on this amount at the official rate of interest.

11. ULTIMATE CONTROLLING PARTY

Mr E R Nickerson is the ultimate controlling party.