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REGISTERED NUMBER: 12084182 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

NICHOLSON NASH LTD.

NICHOLSON NASH LTD. (REGISTERED NUMBER: 12084182)






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


NICHOLSON NASH LTD.

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr B Macgregor
Mr P Couldridge





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 12084182 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

NICHOLSON NASH LTD. (REGISTERED NUMBER: 12084182)

Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,359 15,994

CURRENT ASSETS
Stocks 76,547 1,917
Debtors 5 113,187 2,476
Cash at bank 29,755 27,394
219,489 31,787
CREDITORS
Amounts falling due within one year 6 185,499 29,393
NET CURRENT ASSETS 33,990 2,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,349

18,388

CREDITORS
Amounts falling due after more than one
year

7

114,671

-
NET ASSETS 32,678 18,388

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 32,578 18,288
SHAREHOLDERS' FUNDS 32,678 18,388

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.

NICHOLSON NASH LTD. (REGISTERED NUMBER: 12084182)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr B Macgregor - Director


NICHOLSON NASH LTD. (REGISTERED NUMBER: 12084182)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Nicholson Nash Ltd. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NICHOLSON NASH LTD. (REGISTERED NUMBER: 12084182)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 18,462 5,000 - 23,462
Additions 131,658 - 6,930 138,588
At 31 July 2023 150,120 5,000 6,930 162,050
DEPRECIATION
At 1 August 2022 5,280 2,188 - 7,468
Charge for year 38,210 703 2,310 41,223
At 31 July 2023 43,490 2,891 2,310 48,691
NET BOOK VALUE
At 31 July 2023 106,630 2,109 4,620 113,359
At 31 July 2022 13,182 2,812 - 15,994

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 101,169 2,250 103,419
At 31 July 2023 101,169 2,250 103,419
DEPRECIATION
Charge for year 25,292 750 26,042
At 31 July 2023 25,292 750 26,042
NET BOOK VALUE
At 31 July 2023 75,877 1,500 77,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 81,725 -
Other debtors 31,462 2,476
113,187 2,476

NICHOLSON NASH LTD. (REGISTERED NUMBER: 12084182)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Hire purchase contracts 16,632 -
Trade creditors 104,992 -
Amounts owed to associates 25,290 -
Taxation and social security 9,945 -
Other creditors 28,640 29,393
185,499 29,393

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Hire purchase contracts 114,671 -

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 33,584 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2022 18,288
Profit for the year 14,290
At 31 July 2023 32,578