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Registered number: 06563975

J & VE Nichol Limited

ACCOUNTS
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
Mr J Nichol
Mrs V E Nichol
SECRETARY
Mrs V E Nichol
REGISTERED OFFICE
39 Hadrians Rise
Haltwhistle
Northumberland
NE49 0BA
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 Sheet5
Notes To The Accounts7
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 31/07/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,046,0581,013,670
CURRENT ASSETS
Debtors4292,681307,348
Cash at bank and in hand131,661168,494
424,342475,842
CREDITORS: Amounts falling due within one year5478,537388,406
NET CURRENT (LIABILITIES) / ASSETS(54,195)87,436
TOTAL ASSETS LESS CURRENT LIABILITIES991,8631,101,106
CREDITORS: Amounts falling due after more than one year6116,155131,806
PROVISIONS FOR LIABILITIES AND CHARGES7236,200186,586
NET ASSETS639,508782,714
CAPITAL AND RESERVES
Called up share capital81,1001,100
Profit and loss account638,408781,614
SHAREHOLDERS' FUNDS639,508782,714

J & VE Nichol Limited

BALANCE SHEET AT 31/07/2024
For the year ending 31/07/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/10/2024 and signed on their behalf by
.............................
Mrs V E Nichol
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance20%
Commercial Vehiclesreducing balance20%
Equipmentreducing 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
20242023
No.No.
Average number of employees1819
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/08/20231,014,4521,552,3004,8852,571,637
Additions44,950280,045-324,995
Disposals-(289,980)-(289,980)
At 31/07/20241,059,4021,542,3654,8852,606,652
Depreciation
At 01/08/2023735,754819,2572,9561,557,967
Disposals-(241,081)-(241,081)
For the year55,735187,588385243,708
At 31/07/2024791,489765,7643,3411,560,594
Net Book Amounts
At 31/07/2024267,913776,6011,5441,046,058
At 31/07/2023278,698733,0431,9291,013,670
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 20242023
££
Amounts falling due within one year
Trade debtors292,681307,348
292,681307,348
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax21,58620,547
VAT128,654129,227
PAYE control12,53919,563
Salaries and wages control10,34910,520
Directors current account76,41110,467
Bank Loan-7,706
Credit card1,4591,025
Hire purchase164,028141,667
Trade creditors61,01145,184
Accruals2,5002,500
478,537388,406

J & VE Nichol Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Hire purchase >1yr116,155131,806
116,155131,806
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation236,200186,586
236,200186,586
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
50 Class B shares of £1 each5050
50 Class C shares of £1 each5050
1,1001,100