Registered number: 06563975 | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
J & VE Nichol Limited | ||||||||
Registered number: 06563975 | ||||||||
Prepared By: | ||||||||
Stuart Armstrong & Co Ltd | ||||||||
Accountants and taxation consultants | ||||||||
5 Fisher Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA3 8RR |
J & VE Nichol Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Northumberland | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06563975 | ||||||||
ACCOUNTANTS | ||||||||
Stuart Armstrong & Co Ltd | ||||||||
Accountants and taxation consultants | ||||||||
5 Fisher Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA3 8RR |
J & VE Nichol Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
J & VE Nichol Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/07/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 5 | |||||||
Notes To The Accounts | 7 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
J & VE Nichol Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
424,342 | 475,842 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 87,436 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 116,155 | 131,806 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 638,408 | 781,614 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
J & VE Nichol Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
J & VE Nichol Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant And Machinery | reducing balance20% | |||||||
Commercial Vehicles | reducing balance20% | |||||||
Equipment | reducing balance20% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
J & VE Nichol Limited | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 19 | |||||
3. TANGIBLE FIXED ASSETS | |||||||||||
Plant and | Commercial | ||||||||||
Machinery | Vehicles | Equipment | Total | ||||||||
£ | £ | £ | £ | ||||||||
Cost | |||||||||||
At 01/08/2023 | 1,014,452 | 1,552,300 | 4,885 | 2,571,637 | |||||||
Additions | 44,950 | 280,045 | - | 324,995 | |||||||
Disposals | - | (289,980) | - | (289,980) | |||||||
At 31/07/2024 | 1,059,402 | 1,542,365 | 4,885 | 2,606,652 | |||||||
Depreciation | |||||||||||
At 01/08/2023 | 735,754 | 819,257 | 2,956 | 1,557,967 | |||||||
Disposals | - | (241,081) | - | (241,081) | |||||||
For the year | 55,735 | 187,588 | 385 | 243,708 | |||||||
At 31/07/2024 | 791,489 | 765,764 | 3,341 | 1,560,594 | |||||||
Net Book Amounts | |||||||||||
At 31/07/2024 | 1,046,058 | ||||||||||
At 31/07/2023 | 1,013,670 | ||||||||||
Included in the value of Tangible Fixed Assets are assets under hire purchase contracts to the value of £591733 (2023 £445717). | |||||||||||
J & VE Nichol Limited | ||||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 292,681 | 307,348 | ||||||
292,681 | 307,348 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 21,586 | 20,547 | ||||||
VAT | 128,654 | 129,227 | ||||||
PAYE control | 12,539 | 19,563 | ||||||
Salaries and wages control | 10,349 | 10,520 | ||||||
Directors current account | 76,411 | 10,467 | ||||||
Bank Loan | - | 7,706 | ||||||
Credit card | 1,459 | 1,025 | ||||||
Hire purchase | 164,028 | 141,667 | ||||||
Trade creditors | 61,011 | 45,184 | ||||||
Accruals | 2,500 | 2,500 | ||||||
478,537 | 388,406 | |||||||
J & VE Nichol Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Hire purchase >1yr | 116,155 | 131,806 | ||||||
116,155 | 131,806 | |||||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 236,200 | 186,586 | ||||||
236,200 | 186,586 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1000 | 1000 | |||||||
50 | 50 | |||||||
50 | 50 | |||||||
1,100 | 1,100 | |||||||