Company Registration No. 02301675 (England and Wales)
John Nicholson Limited
Unaudited accounts
for the year ended 31 December 2023
John Nicholson Limited
Unaudited accounts
Contents
John Nicholson Limited
Company Information
for the year ended 31 December 2023
Company Number
02301675 (England and Wales)
Registered Office
1b Vittlefields
Forest Road
Newport
Isle of Wight
PO30 5QL
England
Accountants
Hannah L Oatley
Crofton
64 The Avenue
Totland Bay
Isle Of Wight
PO39 0DN
John Nicholson Limited
Statement of financial position
as at 31 December 2023
Tangible assets
32,153
17,237
Inventories
51,699
191,584
Investments
233,908
213,425
Cash at bank and in hand
231,861
184,799
Creditors: amounts falling due within one year
(105,351)
(144,301)
Net current assets
628,697
633,833
Total assets less current liabilities
660,850
651,070
Provisions for liabilities
Deferred tax
(2,008)
(3,275)
Net assets
658,842
647,795
Called up share capital
100
100
Capital contribution reserve
36,620
28,056
Profit and loss account
622,122
619,639
Shareholders' funds
658,842
647,795
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2024 and were signed on its behalf by
John Nicholson
Director
Company Registration No. 02301675
John Nicholson Limited
Notes to the Accounts
for the year ended 31 December 2023
John Nicholson Limited is a private company, limited by shares, registered in England and Wales, registration number 02301675. The registered office is 1b Vittlefields, Forest Road, Newport, Isle of Wight, PO30 5QL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
51,865
31,440
83,006
166,311
Additions
16,625
7,960
-
24,585
Disposals
-
(3,000)
-
(3,000)
At 31 December 2023
68,490
36,400
83,006
187,896
At 1 January 2023
50,365
17,893
80,816
149,074
Charge for the year
2,699
4,955
328
7,982
On disposals
-
(1,313)
-
(1,313)
At 31 December 2023
53,064
21,535
81,144
155,743
At 31 December 2023
15,426
14,865
1,862
32,153
At 31 December 2022
1,500
13,547
2,190
17,237
John Nicholson Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
211,746
178,705
Accrued income and prepayments
4,575
4,575
6
Investments held as current assets
2023
2022
Listed investments
233,908
213,425
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
35,730
50,219
Taxes and social security
12,852
34,260
Other creditors
2,090
2,161
Loans from directors
52,479
55,461
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Average number of employees
During the year the average number of employees was 17 (2022: 18).