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REGISTERED NUMBER: 10627615 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Nicol & Sons Limited

Nicol & Sons Limited (Registered number: 10627615)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nicol & Sons Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Stone





SECRETARY: Mrs N C Stone





REGISTERED OFFICE: 12 Coppice Row
Theydon Bois
Epping
CM16 7ES





REGISTERED NUMBER: 10627615 (England and Wales)






Nicol & Sons Limited (Registered number: 10627615)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,663 12,310

CURRENT ASSETS
Debtors 5 176,212 2,118
Cash at bank 83,562 244,930
259,774 247,048
CREDITORS
Amounts falling due within one year 6 82,112 86,643
NET CURRENT ASSETS 177,662 160,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,325

172,715

CREDITORS
Amounts falling due after more than
one year

7

20,914

31,610
NET ASSETS 192,411 141,105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 192,311 141,005
192,411 141,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Nicol & Sons Limited (Registered number: 10627615)

Balance Sheet - continued
29 February 2024


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 2 October 2024 and were signed by:





J Stone - Director


Nicol & Sons Limited (Registered number: 10627615)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Nicol & Sons 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.

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.

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.

Nicol & Sons Limited (Registered number: 10627615)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 21,866
Additions 31,231
At 29 February 2024 53,097
DEPRECIATION
At 1 March 2023 9,556
Charge for year 7,878
At 29 February 2024 17,434
NET BOOK VALUE
At 29 February 2024 35,663
At 28 February 2023 12,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,951 2,118
Other debtors 174,261 -
176,212 2,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 30,165 30,863
Other creditors 51,947 55,780
82,112 86,643

Nicol & Sons Limited (Registered number: 10627615)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 20,914 31,610