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REGISTERED NUMBER: 06623548 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Thomas Nicholas Ltd

Thomas Nicholas Ltd (Registered number: 06623548)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas Nicholas Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs J D James
Mr T N D James





REGISTERED OFFICE: Srb Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





REGISTERED NUMBER: 06623548 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Thomas Nicholas Ltd (Registered number: 06623548)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,350 -
Tangible assets 5 58,583 74,448
59,933 74,448

CURRENT ASSETS
Debtors 6 96,750 96,500
Prepayments and accrued income 3,440 4,330
Cash at bank 54,421 47,552
154,611 148,382
CREDITORS
Amounts falling due within one year 7 54,351 33,054
NET CURRENT ASSETS 100,260 115,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,193

189,776

CREDITORS
Amounts falling due after more than one year 8 (35,338 ) (40,165 )

PROVISIONS FOR LIABILITIES 9 (14,365 ) (14,145 )
NET ASSETS 110,490 135,466

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 110,390 135,366
SHAREHOLDERS' FUNDS 110,490 135,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Thomas Nicholas Ltd (Registered number: 06623548)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





Mr T N D James - Director


Thomas Nicholas Ltd (Registered number: 06623548)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Thomas Nicholas Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follow;


Plant and machinery - 20% Reducing balance basis
Fixtures and fittings - 25% Reducing balance basis
Motor vehicles - 25% Reducing balance basis
Computer equipment - 20% Reducing balance basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Thomas Nicholas Ltd (Registered number: 06623548)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,800
At 30 June 2024 1,800
AMORTISATION
Charge for year 450
At 30 June 2024 450
NET BOOK VALUE
At 30 June 2024 1,350

Thomas Nicholas Ltd (Registered number: 06623548)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 1,565 14,891 65,999 39,360 121,815
Additions - 906 - 1,453 2,359
At 30 June 2024 1,565 15,797 65,999 40,813 124,174
DEPRECIATION
At 1 July 2023 884 8,054 16,500 21,929 47,367
Charge for year 137 1,935 12,375 3,777 18,224
At 30 June 2024 1,021 9,989 28,875 25,706 65,591
NET BOOK VALUE
At 30 June 2024 544 5,808 37,124 15,107 58,583
At 30 June 2023 681 6,837 49,499 17,431 74,448

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 96,750 96,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 4,827 4,827
Taxation and social security 25,246 19,808
Other creditors 24,278 8,419
54,351 33,054

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 35,338 40,165

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 14,365 14,145

Thomas Nicholas Ltd (Registered number: 06623548)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 14,145
Charge to Income Statement during year 220
Balance at 30 June 2024 14,365

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £20,391 (2023: £5,079) due to Mr & Mrs T James. The amounts due to the directors are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr T N D James and Mrs J D James the directors of the company who own an equal 50% share of the issued share capital.