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REGISTERED NUMBER: 00416627 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

NICKSON'S LIMITED

NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NICKSON'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mr J E Nickson





REGISTERED OFFICE: James Nickson Bespoke Design
Nicksons Yard
Park Hill Road Garstang
Preston
Lancashire
PR3 1EL





REGISTERED NUMBER: 00416627 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 77,474 71,162

CURRENT ASSETS
Stocks 5 45,994 43,931
Debtors 6 165,540 174,260
Cash at bank 143,709 172,693
355,243 390,884
CREDITORS
Amounts falling due within one year 7 (283,203 ) (337,325 )
NET CURRENT ASSETS 72,040 53,559
TOTAL ASSETS LESS CURRENT LIABILITIES 149,514 124,721

CREDITORS
Amounts falling due after more than
one year

8

(29,813

)

(34,259

)

PROVISIONS FOR LIABILITIES 9 (19,368 ) (17,791 )
NET ASSETS 100,333 72,671

CAPITAL AND RESERVES
Called up share capital 10 3,020 3,020
Retained earnings 11 97,313 69,651
SHAREHOLDERS' FUNDS 100,333 72,671

NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

BALANCE SHEET - continued
31ST MARCH 2024


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

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

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 director and authorised for issue on 1st August 2024 and were signed by:





Mr J E Nickson - Director


NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Nickson's 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.
Long leasehold - 10% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.


NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST 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.

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 5 (2023 - 6 ) .

NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st April 2023 21,015 52,634 14,415
Additions - - 26,279
Disposals - - -
At 31st March 2024 21,015 52,634 40,694
DEPRECIATION
At 1st April 2023 21,015 49,274 8,113
Charge for year - 336 6,493
Eliminated on disposal - - -
At 31st March 2024 21,015 49,610 14,606
NET BOOK VALUE
At 31st March 2024 - 3,024 26,088
At 31st March 2023 - 3,360 6,302

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 63,695 22,352 174,111
Additions - - 26,279
Disposals (6,900 ) - (6,900 )
At 31st March 2024 56,795 22,352 193,490
DEPRECIATION
At 1st April 2023 10,508 14,039 102,949
Charge for year 10,530 2,078 19,437
Eliminated on disposal (6,370 ) - (6,370 )
At 31st March 2024 14,668 16,117 116,016
NET BOOK VALUE
At 31st March 2024 42,127 6,235 77,474
At 31st March 2023 53,187 8,313 71,162

NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. STOCKS
31.3.24 31.3.23
£    £   
Stock & WIP 45,994 43,931

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 162,566 163,841
Other debtors 2,974 10,419
165,540 174,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 27,741 31,469
Taxation and social security 50,701 45,832
Other creditors 199,205 254,468
283,203 337,325

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 29,813 34,259

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 19,368 17,791

Deferred
tax
£   
Balance at 1st April 2023 17,791
Provided during year 1,577
Balance at 31st March 2024 19,368

NICKSON'S LIMITED (REGISTERED NUMBER: 00416627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
3,000 Ordinary shares £1 3,000 3,000
10 G Shares £1 10 10
10 J Shares £1 10 10
3,020 3,020

11. RESERVES
Retained
earnings
£   

At 1st April 2023 69,651
Profit for the year 65,662
Dividends (38,000 )
At 31st March 2024 97,313