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REGISTERED NUMBER: 02259026 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2023

for

T NIELSEN & CO LIMITED

T NIELSEN & CO LIMITED (REGISTERED NUMBER: 02259026)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T NIELSEN & CO LIMITED

Company Information
for the year ended 30 November 2023







DIRECTORS: T H Nielsen
Miss S White





SECRETARY: Miss S White





REGISTERED OFFICE: The Shipyard
Gloucester Docks
Gloucester
Gloucestershire
GL1 2EH





REGISTERED NUMBER: 02259026 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

T NIELSEN & CO LIMITED (REGISTERED NUMBER: 02259026)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,651 25,315

CURRENT ASSETS
Stocks 102,483 105,971
Debtors 5 137,138 322,839
Cash at bank and in hand 417,894 418,293
657,515 847,103
CREDITORS
Amounts falling due within one year 6 227,037 288,864
NET CURRENT ASSETS 430,478 558,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,129

583,554

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 451,027 583,452
SHAREHOLDERS' FUNDS 451,129 583,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Miss S White - Director


T NIELSEN & CO LIMITED (REGISTERED NUMBER: 02259026)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

T Nielsen & Co 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Long term contracts
Profit is recognised on long term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as activity progresses. mounts recoverable on long term contracts are stated at cost plus attributable profits, less any provision for any known or anticipated losses and payments on account, and are included in debtors. Payments on account in excess of the amounts recoverable on long term contracts are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

T NIELSEN & CO LIMITED (REGISTERED NUMBER: 02259026)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 169,530 71,043 85,251 325,824
Additions 3,000 - - 3,000
At 30 November 2023 172,530 71,043 85,251 328,824
DEPRECIATION
At 1 December 2022 160,089 63,257 77,163 300,509
Charge for year 3,598 2,027 2,039 7,664
At 30 November 2023 163,687 65,284 79,202 308,173
NET BOOK VALUE
At 30 November 2023 8,843 5,759 6,049 20,651
At 30 November 2022 9,441 7,786 8,088 25,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,618 222,409
Amounts owed by group undertakings 94,230 94,230
Other debtors 13,290 6,200
137,138 322,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,345 25,449
Taxation and social security 13,944 24,359
Other creditors 153,748 239,056
227,037 288,864

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102 Ordinary £1 102 102

8. ULTIMATE CONTROLLING PARTY

The company is controlled by T H Nielsen and Miss S White.