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REGISTERED NUMBER: 06383165 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NICOL DESIGN ASSOCIATES LIMITED

NICOL DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 06383165)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NICOL DESIGN ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B A P Nicol
Mrs A H Nicol





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 06383165 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

NICOL DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 06383165)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 623 1,840

CURRENT ASSETS
Debtors 5 47,047 62,913
Cash at bank 131 1,745
47,178 64,658
CREDITORS
Amounts falling due within one year 6 31,715 40,180
NET CURRENT ASSETS 15,463 24,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,086

26,318

CREDITORS
Amounts falling due after more than one
year

7

(3,985

)

(5,959

)

PROVISIONS FOR LIABILITIES 9 (114 ) (344 )
NET ASSETS 11,987 20,015

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11,887 19,915
SHAREHOLDERS' FUNDS 11,987 20,015

NICOL DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 06383165)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

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

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 12 November 2024 and were signed on its behalf by:





Mr B A P Nicol - Director


NICOL DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 06383165)

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


1. STATUTORY INFORMATION

Nicol Design Associates 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 represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023
and 31 March 2024 3,350 3,323 14,762 21,435
Depreciation
At 1 April 2023 3,324 2,492 13,779 19,595
Charge for year 26 208 983 1,217
At 31 March 2024 3,350 2,700 14,762 20,812
Net book value
At 31 March 2024 - 623 - 623
At 31 March 2023 26 831 983 1,840

NICOL DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 06383165)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,000 -
Directors' current accounts 32,659 48,284
Tax 13,334 13,334
VAT - 1,240
Prepayments 54 55
47,047 62,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 2,000 3,447
Hire purchase contracts 626 1,073
Trade creditors 1,519 2,047
Tax 26,516 32,300
Accruals and deferred income 1,054 1,313
31,715 40,180

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 3,985 5,333
Hire purchase contracts - 626
3,985 5,959

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,000 3,447

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,001 2,001

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,984 3,332

NICOL DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 06383165)

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


9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 114 344

Deferred
tax
£   
Balance at 1 April 2023 344
Provided during year (230 )
Balance at 31 March 2024 114

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary £1 50 50
50 A Ordinary £1 50 50
100 100