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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
Page
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John Nicholson Limited Company Information for the year ended 31 December 2023
Director
John Nicholson
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
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John Nicholson Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,153 
17,237 
Current assets
Inventories
51,699 
191,584 
Debtors
216,580 
188,326 
Investments
233,908 
213,425 
Cash at bank and in hand
231,861 
184,799 
734,048 
778,134 
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 
Capital and reserves
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
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John Nicholson Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2023
15,426 
14,865 
1,862 
32,153 
At 31 December 2022
1,500 
13,547 
2,190 
17,237 
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John Nicholson Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
211,746 
178,705 
Accrued income and prepayments
4,575 
4,575 
Other debtors
259 
5,046 
216,580 
188,326 
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 
Accruals
2,200 
2,200 
105,351 
144,301 
8
Average number of employees
During the year the average number of employees was 17 (2022: 18).
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