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REGISTERED NUMBER: 04619061 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NICHOLAS BULLOCK AND ASSOCIATES LTD

NICHOLAS BULLOCK AND ASSOCIATES LTD (REGISTERED NUMBER: 04619061)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NICHOLAS BULLOCK AND ASSOCIATES LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Mr N Bullock





SECRETARY: Mrs I B Holland





REGISTERED OFFICE: Renick
26 Williamson Avenue
Rawnsley
Cannock
Staffordshire
WS12 0QF





REGISTERED NUMBER: 04619061 (England and Wales)





ACCOUNTANTS: Rice & Co (Brownhills) Limited
Chartered Accountants
90 High Street
Brownhills
Walsall
West Midlands
WS8 6EW

NICHOLAS BULLOCK AND ASSOCIATES LTD (REGISTERED NUMBER: 04619061)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,444 10,399

CURRENT ASSETS
Debtors 5 1,572 3,243
Cash at bank 32,879 20,583
34,451 23,826
CREDITORS
Amounts falling due within one year 6 6,420 6,166
NET CURRENT ASSETS 28,031 17,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,475

28,059

PROVISIONS FOR LIABILITIES 325 416
NET ASSETS 36,150 27,643

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,050 27,543
SHAREHOLDERS' FUNDS 36,150 27,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:



Mr N Bullock - Director


NICHOLAS BULLOCK AND ASSOCIATES LTD (REGISTERED NUMBER: 04619061)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Nicholas Bullock and Associates 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.

Turnover is recognised when goods have been delivered to customers, or services completed, such that risks and rewards of ownership have transferred to them.

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
Computer equipment - 25% on reducing balance

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.

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.

NICHOLAS BULLOCK AND ASSOCIATES LTD (REGISTERED NUMBER: 04619061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 13,356 685 38,768 3,260 56,069
Additions - - - 2,098 2,098
Disposals - - - (1,649 ) (1,649 )
At 31 December 2023 13,356 685 38,768 3,709 56,518
DEPRECIATION
At 1 January 2023 13,142 677 30,272 1,579 45,670
Charge for year 54 2 2,124 636 2,816
Eliminated on disposal - - - (412 ) (412 )
At 31 December 2023 13,196 679 32,396 1,803 48,074
NET BOOK VALUE
At 31 December 2023 160 6 6,372 1,906 8,444
At 31 December 2022 214 8 8,496 1,681 10,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 540 2,520
Other debtors 1,032 723
1,572 3,243

NICHOLAS BULLOCK AND ASSOCIATES LTD (REGISTERED NUMBER: 04619061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,741 3,044
Taxation and social security 2,321 2,342
Other creditors 2,358 780
6,420 6,166