IRIS Accounts Production v24.3.0.553 04133410 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 "A" Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041334102023-01-31041334102024-01-31041334102023-02-012024-01-31041334102022-01-31041334102022-02-012023-01-31041334102023-01-3104133410ns15:EnglandWales2023-02-012024-01-3104133410ns14:PoundSterling2023-02-012024-01-3104133410ns10:Director12023-02-012024-01-3104133410ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104133410ns10:SmallEntities2023-02-012024-01-3104133410ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104133410ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104133410ns10:FullAccounts2023-02-012024-01-310413341012023-02-012024-01-3104133410ns10:OrdinaryShareClass12023-02-012024-01-3104133410ns10:OrdinaryShareClass22023-02-012024-01-3104133410ns10:Director22023-02-012024-01-3104133410ns10:Director32023-02-012024-01-3104133410ns10:CompanySecretary12023-02-012024-01-3104133410ns10:RegisteredOffice2023-02-012024-01-3104133410ns5:CurrentFinancialInstruments2024-01-3104133410ns5:CurrentFinancialInstruments2023-01-3104133410ns5:ShareCapital2024-01-3104133410ns5:ShareCapital2023-01-3104133410ns5:RevaluationReserve2024-01-3104133410ns5:RevaluationReserve2023-01-3104133410ns5:RetainedEarningsAccumulatedLosses2024-01-3104133410ns5:RetainedEarningsAccumulatedLosses2023-01-3104133410ns5:NetGoodwill2023-02-012024-01-3104133410ns5:PlantMachinery2023-02-012024-01-3104133410ns5:FurnitureFittings2023-02-012024-01-3104133410ns5:MotorVehicles2023-02-012024-01-3104133410ns5:ComputerEquipment2023-02-012024-01-3104133410ns5:NetGoodwill2023-01-3104133410ns5:NetGoodwill2024-01-3104133410ns5:NetGoodwill2023-01-3104133410ns5:LandBuildings2023-01-3104133410ns5:PlantMachinery2023-01-3104133410ns5:FurnitureFittings2023-01-3104133410ns5:LandBuildings2023-02-012024-01-3104133410ns5:LandBuildings2024-01-3104133410ns5:PlantMachinery2024-01-3104133410ns5:FurnitureFittings2024-01-3104133410ns5:LandBuildings2023-01-3104133410ns5:PlantMachinery2023-01-3104133410ns5:FurnitureFittings2023-01-3104133410ns5:MotorVehicles2023-01-3104133410ns5:ComputerEquipment2023-01-3104133410ns5:MotorVehicles2024-01-3104133410ns5:ComputerEquipment2024-01-3104133410ns5:MotorVehicles2023-01-3104133410ns5:ComputerEquipment2023-01-3104133410ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3104133410ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3104133410ns10:OrdinaryShareClass12024-01-3104133410ns10:OrdinaryShareClass22024-01-3104133410ns5:RetainedEarningsAccumulatedLosses2023-01-3104133410ns5:RevaluationReserve2023-01-3104133410ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 04133410 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

A & E NICHOLS LIMITED

A & E NICHOLS LIMITED (REGISTERED NUMBER: 04133410)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & E NICHOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A D G Nichols
Mrs L I Nichols
R B Nichols





SECRETARY: The William Marshall Partnership Limited





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





BUSINESS ADDRESS: 46-48 West Street
Fishguard
Pembrokeshire
SA65 9NQ





REGISTERED NUMBER: 04133410 (England and Wales)





ACCOUNTANTS: William Marshall & Co
Financial Accountants
Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT

A & E NICHOLS LIMITED (REGISTERED NUMBER: 04133410)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 303,588 307,963
303,588 307,963

CURRENT ASSETS
Stocks 6 44,409 43,450
Debtors 7 1,796 1,671
Cash at bank and in hand 40,786 48,847
86,991 93,968
CREDITORS
Amounts falling due within one year 8 48,986 53,284
NET CURRENT ASSETS 38,005 40,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,593

348,647

CAPITAL AND RESERVES
Called up share capital 9 50 50
Revaluation reserve 10 285,000 285,000
Retained earnings 10 56,543 63,597
SHAREHOLDERS' FUNDS 341,593 348,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

A & E NICHOLS LIMITED (REGISTERED NUMBER: 04133410)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





A D G Nichols - Director


A & E NICHOLS LIMITED (REGISTERED NUMBER: 04133410)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

A & E Nichols 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 30,000
AMORTISATION
At 1 February 2023
and 31 January 2024 30,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

A & E NICHOLS LIMITED (REGISTERED NUMBER: 04133410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Equipment fittings
£    £    £   
COST
At 1 February 2023 285,000 2,337 4,460
Additions - 1,100 -
At 31 January 2024 285,000 3,437 4,460
DEPRECIATION
At 1 February 2023 - 1,214 4,406
Charge for year - 441 13
At 31 January 2024 - 1,655 4,419
NET BOOK VALUE
At 31 January 2024 285,000 1,782 41
At 31 January 2023 285,000 1,123 54

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 41,966 2,235 335,998
Additions - 588 1,688
At 31 January 2024 41,966 2,823 337,686
DEPRECIATION
At 1 February 2023 20,180 2,235 28,035
Charge for year 5,446 163 6,063
At 31 January 2024 25,626 2,398 34,098
NET BOOK VALUE
At 31 January 2024 16,340 425 303,588
At 31 January 2023 21,786 - 307,963

Included in cost of land and buildings is freehold land of £ 285,000 (2023 - £ 285,000 ) which is not depreciated.

6. STOCKS
2024 2023
£    £   
Stocks 44,409 43,450

A & E NICHOLS LIMITED (REGISTERED NUMBER: 04133410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 619 821
Prepayments 1,177 850
1,796 1,671

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,572 5,533
Corporation tax 5,705 392
VAT 2,129 3,053
Other creditors 2,240 1,810
Directors' current accounts 34,340 42,496
48,986 53,284

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary £1.00 30 20
30 "A" Ordinary £1.00 20 30
50 50

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 63,597 285,000 348,597
Profit for the year 19,946 19,946
Dividends (27,000 ) (27,000 )
At 31 January 2024 56,543 285,000 341,543