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Company Registration No. NI618903 (Northern Ireland)
William Nicholson Ltd Unaudited accounts for the year ended 30 June 2024
William Nicholson Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,135 
3,844 
Current assets
Cash at bank and in hand
48,681 
84,929 
Creditors: amounts falling due within one year
(19,906)
(17,616)
Net current assets
28,775 
67,313 
Net assets
32,910 
71,157 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
32,810 
71,057 
Shareholders' funds
32,910 
71,157 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
William Nicholson Director Company Registration No. NI618903
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William Nicholson Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
William Nicholson Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI618903. The registered office is 27 Tullymore Road, Broughshane, Ballymena, BT43 7HN, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from fire safety consultations is recognised is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Going concern
The director believes that William Nicholson Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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William Nicholson Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
3,844 
- 
3,844 
Additions
- 
1,325 
1,325 
At 30 June 2024
3,844 
1,325 
5,169 
Depreciation
Charge for the year
769 
265 
1,034 
At 30 June 2024
769 
265 
1,034 
Net book value
At 30 June 2024
3,075 
1,060 
4,135 
At 30 June 2023
3,844 
- 
3,844 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,470 
253 
Taxes and social security
13,549 
14,176 
Loans from directors
1,887 
3,187 
19,906 
17,616 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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