IRIS Accounts Production v24.3.0.553 11278846 director 31.8.24 1.9.23 31.8.24 31.8.24 ++ true true true false true true false false false false false false false false true false Fair value model Ordinary 0 Ordinary B 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112788462023-08-31112788462024-08-31112788462023-09-012024-08-31112788462022-08-31112788462022-09-012023-08-31112788462023-08-3111278846ns15:EnglandWales2023-09-012024-08-3111278846ns14:PoundSterling2023-09-012024-08-3111278846ns10:Director12023-09-012024-08-3111278846ns10:Consolidated2024-08-3111278846ns10:ConsolidatedGroupCompanyAccounts2023-09-012024-08-3111278846ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111278846ns10:Consolidatedns10:FRS1022023-09-012024-08-3111278846ns10:Consolidatedns10:Audited2023-09-012024-08-3111278846ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111278846ns10:Consolidatedns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-09-012024-08-3111278846ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Consolidated2023-09-012024-08-3111278846ns10:FullAccounts2023-09-012024-08-3111278846ns5:Subsidiary12023-09-012024-08-3111278846ns5:Subsidiary22023-09-012024-08-3111278846ns5:Subsidiary32023-09-012024-08-3111278846ns5:Subsidiary42023-09-012024-08-3111278846ns5:Subsidiary52023-09-012024-08-311127884612023-09-012024-08-3111278846ns10:OrdinaryShareClass12023-09-012024-08-3111278846ns10:OrdinaryShareClass22023-09-012024-08-3111278846ns10:Consolidated2023-09-012024-08-3111278846ns10:RegisteredOffice2023-09-012024-08-3111278846ns10:Consolidated2022-09-012023-08-3111278846ns5:CurrentFinancialInstruments2024-08-3111278846ns5:CurrentFinancialInstruments2023-08-3111278846ns5:Non-currentFinancialInstruments2024-08-3111278846ns5:Non-currentFinancialInstruments2023-08-3111278846ns5:ShareCapital2024-08-3111278846ns5:ShareCapital2023-08-3111278846ns5:FurtherSpecificReserve3ComponentTotalEquity2024-08-3111278846ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3111278846ns5:RetainedEarningsAccumulatedLosses2024-08-3111278846ns5:RetainedEarningsAccumulatedLosses2023-08-3111278846ns5:ShareCapital2022-08-3111278846ns5:RetainedEarningsAccumulatedLosses2022-08-3111278846ns5:FurtherSpecificReserve3ComponentTotalEquity2022-08-3111278846ns5:ShareCapital2022-09-012023-08-3111278846ns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-3111278846ns5:FurtherSpecificReserve3ComponentTotalEquity2022-09-012023-08-3111278846ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-3111278846ns5:FurtherSpecificReserve3ComponentTotalEquity2023-09-012024-08-3111278846ns5:NetGoodwill2023-09-012024-08-3111278846ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3111278846ns5:PlantMachinery2024-08-3111278846ns5:FurnitureFittings2024-08-3111278846ns5:ComputerEquipment2024-08-3111278846ns5:CostValuation2023-08-3111278846ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3111278846ns5:CostValuation2024-08-3111278846ns5:Subsidiary112023-09-012024-08-31112788463ns5:Subsidiary22023-09-012024-08-3111278846ns5:Subsidiary352023-09-012024-08-31112788467ns5:Subsidiary42023-09-012024-08-31112788469ns5:Subsidiary52023-09-012024-08-3111278846ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-08-3111278846ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3111278846ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-08-3111278846ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3111278846ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3111278846ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3111278846ns5:Secured2024-08-3111278846ns5:Secured2023-08-3111278846ns5:DeferredTaxation2023-08-3111278846ns5:DeferredTaxation2023-09-012024-08-3111278846ns5:DeferredTaxation2024-08-3111278846ns10:OrdinaryShareClass12024-08-3111278846ns10:OrdinaryShareClass22024-08-3111278846ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-31
REGISTERED NUMBER: 11278846 (England and Wales)










NICKY STORY HOLDINGS LIMITED

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 4 to 7

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16 to 28


NICKY STORY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: N Story



REGISTERED OFFICE: Unit E, Swinton Bridge Industrial Estate
Whitelee Road, Swinton
Mexborough
South Yorkshire
S64 8BH



REGISTERED NUMBER: 11278846 (England and Wales)



AUDITORS: Thomas Coombs Limited
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB



BANKERS: HSBC UK Bank Plc
Carmel House
49-63 Fargate
Sheffield
S1 2HD

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31ST AUGUST 2024


The director presents his strategic report of the company and the group for the year ended 31st August 2024.

REVIEW OF BUSINESS
Group turnover was £9m in the year ended 31st August 2024 (2023: £8.2m). The improvement in revenue was attributable to improved performance of Supplies for Candles Ltd, further to the merger with The Soap Kitchen Limited in the previous financial year. This was aided by improved market conditions as the impact of overstocking subsided.

With all the group's businesses in the same location, after the 2023 relocation of The Soap Kitchen's Limited previous operations, significant synergies were realised as planned. This plus the turnover improvement have enabled the group to return to profitability. The group made a profit before tax of £186k in the year (2023: Loss of £399k before tax). This profit is after amortisation of intangible assets of £196k.

The net assets of the group totalled £1,566k at the year-end (2023: £1,478k).

The group uses key performance indicators to monitor performance. These includes sales, gross profit and profit/(loss) before tax as key measures of financial performance (as detailed on page 8, profit and loss account) and stock and cash at bank as key measures of financial position (as detailed on page 10, balance sheet).

PRINCIPAL RISKS AND UNCERTAINTIES
The key business risks and uncertainties effecting the group are considered to include.
a) the overall uncertain economic environment driven by "cost of living crisis" and geo-political factors; and
b) inflationary pressures on product costs, labour and overheads

The management team has a close working relationship with key suppliers and its workforce, and this contributes to a reliable supply of materials and labour.

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future and the stability to take advantage of opportunities should they arise. For this reason, it continues to adopt the going concern basis in preparing the financial statements.

KEY PERFORMANCE INDICATORS
The directors consider revenue, gross profit margin and EBITDA margins as well as Cash Flow to be the core KPIs for the business. Thus, the business monitors key metrics for revenue, margin and cost ratios throughout the year.

FUTURE OUTLOOK
The main trading business continues to gain market share with new product offerings & good product availability. Modest growth is anticipated in the coming year.

ON BEHALF OF THE BOARD:





N Story - Director


20th February 2025

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST AUGUST 2024


The director presents his report with the financial statements of the company and the group for the year ended 31st August 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31st August 2024.

DIRECTORS
The directors during the year under review were:

N Story
T Story

FINANCIAL INSTRUMENTS
The group's financial statements comprise of borrowings such as secured loans, advance receipts in respect of the ordinary activities of the group, cash and liquid resources, finance leases and various other items such as trade debtors and trade creditors that also arise directly from its operations.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Thomas Coombs Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





N Story - Director


20th February 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
NICKY STORY HOLDINGS LIMITED


Opinion
We have audited the financial statements of Nicky Story Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st August 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31st August 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
NICKY STORY HOLDINGS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
NICKY STORY HOLDINGS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the entity and industries in which it operates, we identified the principal risks of non-compliance with laws and regulations related to health and safety. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, tax legislation and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

We assessed the susceptibility of the group financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls, and ensuring these controls operated as intended. We determined the principal risks were related to posting journal entries to manipulate profits, and management bias in accounting estimates.

To address the risk of fraud through management bias and override of controls, we:
-Performed analytical procedures to identify any unusual or unexpected relationships.
-Identified and tested journal entries and identified any significant transactions that were unusual or outside the normal course of business.
-Investigated the rationale behind significant or unusual transactions.
-Challenged assumptions and judgements made by management in determining significant accounting estimates.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to:
-Agreeing financial statements disclosures to underlying supporting documentation.
-Discussions with management of known or suspected instances of non-compliance with laws and regulations.
-Reading the minutes of meetings of those charged with governance.
-Reviewing correspondence with relevant regulators.

At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

There are inherent limitations in the audit procedures described above and the further removed non-compliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
NICKY STORY HOLDINGS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Christopher Darwin (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

20th February 2025

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31ST AUGUST 2024

2024 2023
Notes £    £    £    £   

TURNOVER 9,032,715 8,200,689

Cost of sales 6,491,064 5,920,483
GROSS PROFIT 2,541,651 2,280,206

Amortisation 197,259 191,515
Administrative expenses 1,969,731 2,123,644
2,166,990 2,315,159
374,661 (34,953 )

Other operating income 33,000 -
OPERATING PROFIT/(LOSS) 4 407,661 (34,953 )

Exceptional items 5 - 172,433
407,661 (207,386 )

Interest receivable and similar income 1,388 306
409,049 (207,080 )

Interest payable and similar expenses 6 222,579 191,962
PROFIT/(LOSS) BEFORE TAXATION 186,470 (399,042 )

Tax on profit/(loss) 7 99,103 (48,671 )
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 87,367 (350,371 )
Profit/(loss) attributable to:
Owners of the parent 87,367 (350,371 )

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST AUGUST 2024

2024 2023
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 87,367 (350,371 )


OTHER COMPREHENSIVE INCOME
Revaluation
Deferred tax
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME FOR THE YEAR,
NET OF INCOME TAX

-

-
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 87,367 (350,371 )

Total comprehensive income attributable to:
Owners of the parent 87,367 (350,371 )

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

CONSOLIDATED BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 1,104,650 1,265,309
Tangible assets 11 1,969,062 2,113,411
Investments 12 - -
Investment property 13 - -
3,073,712 3,378,720

CURRENT ASSETS
Stocks 14 1,206,363 1,332,900
Debtors 15 901,787 633,620
Cash at bank and in hand 369,696 512,089
2,477,846 2,478,609
CREDITORS
Amounts falling due within one year 16 1,818,306 1,936,361
NET CURRENT ASSETS 659,540 542,248
TOTAL ASSETS LESS CURRENT LIABILITIES 3,733,252 3,920,968

CREDITORS
Amounts falling due after more than one year 17 (1,969,840 ) (2,237,037 )

PROVISIONS FOR LIABILITIES 21 (197,342 ) (205,228 )
NET ASSETS 1,566,070 1,478,703

CAPITAL AND RESERVES
Called up share capital 22 102 102
Revaluation reserve 23 454,100 465,750
Retained earnings 23 1,111,868 1,012,851
SHAREHOLDERS' FUNDS 1,566,070 1,478,703

The financial statements were approved by the director and authorised for issue on 20th February 2025 and were signed by:





N Story - Director


NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

COMPANY BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 138,027 -
Investments 12 526,035 1,462,585
Investment property 13 1,836,389 1,810,000
2,500,451 3,272,585

CURRENT ASSETS
Debtors 15 337,073 431,885
Cash at bank 28,487 18,454
365,560 450,339
CREDITORS
Amounts falling due within one year 16 251,550 1,313,726
NET CURRENT ASSETS/(LIABILITIES) 114,010 (863,387 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,614,461 2,409,198

CREDITORS
Amounts falling due after more than one year 17 (1,969,840 ) (2,211,429 )

PROVISIONS FOR LIABILITIES 21 (162,616 ) (123,475 )
NET ASSETS 482,005 74,294

CAPITAL AND RESERVES
Called up share capital 22 102 102
Non-distributable reserves 67,107 67,107
Retained earnings 414,796 7,085
SHAREHOLDERS' FUNDS 482,005 74,294

Company's profit for the financial year 407,711 53,244

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 20th February 2025 and were signed by:





N Story - Director


NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST AUGUST 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1st September 2022 102 1,448,572 477,400 1,926,074

Changes in equity
Dividends - (97,000 ) - (97,000 )
Total comprehensive income - (338,721 ) (11,650 ) (350,371 )
Balance at 31st August 2023 102 1,012,851 465,750 1,478,703

Changes in equity
Total comprehensive income - 99,017 (11,650 ) 87,367
Balance at 31st August 2024 102 1,111,868 454,100 1,566,070

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST AUGUST 2024

Called up
share Retained Non-distributable Total
capital earnings reserves equity
£    £    £    £   
Balance at 1st September 2022 101 50,841 67,107 118,049

Changes in equity
Issue of share capital 1 - - 1
Dividends - (97,000 ) - (97,000 )
Total comprehensive income - 53,244 - 53,244
Balance at 31st August 2023 102 7,085 67,107 74,294

Changes in equity
Total comprehensive income - 407,711 - 407,711
Balance at 31st August 2024 102 414,796 67,107 482,005

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST AUGUST 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 413,154 1,022,177
Interest paid (222,579 ) (191,962 )
Tax paid 12,596 (62,087 )
Net cash from operating activities 203,171 768,128

Cash flows from investing activities
Purchase of intangible fixed assets (36,600 ) (11,250 )
Purchase of tangible fixed assets (12,229 ) (143,976 )
Interest received 1,388 306
Net cash from investing activities (47,441 ) (154,920 )

Cash flows from financing activities
Loan repayments in year (271,048 ) (229,474 )
Hire purchase capital repayments (34,691 ) (66,275 )
Amount introduced by directors 689,783 297,000
Amount withdrawn by directors (682,167 ) (297,437 )
Equity dividends paid - (97,000 )
Net cash from financing activities (298,123 ) (393,186 )

(Decrease)/increase in cash and cash equivalents (142,393 ) 220,022
Cash and cash equivalents at beginning of year 2 512,089 292,067

Cash and cash equivalents at end of year 2 369,696 512,089

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST AUGUST 2024


1. RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit/(loss) before taxation 186,470 (399,042 )
Depreciation charges 353,837 415,213
Loss on disposal of fixed assets - 93,758
Finance costs 222,579 191,962
Finance income (1,388 ) (306 )
761,498 301,585
Decrease in stocks 126,537 429,065
Increase in trade and other debtors (281,886 ) (23,179 )
(Decrease)/increase in trade and other creditors (192,995 ) 314,706
Cash generated from operations 413,154 1,022,177

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st August 2024
31/8/24 1/9/23
£    £   
Cash and cash equivalents 369,696 512,089
Year ended 31st August 2023
31/8/23 1/9/22
£    £   
Cash and cash equivalents 512,089 292,067


3. ANALYSIS OF CHANGES IN NET DEBT

At 1/9/23 Cash flow At 31/8/24
£    £    £   
Net cash
Cash at bank and in hand 512,089 (142,393 ) 369,696
512,089 (142,393 ) 369,696
Debt
Finance leases (60,334 ) 34,691 (25,643 )
Debts falling due within 1 year (264,911 ) 29,460 (235,451 )
Debts falling due after 1 year (2,211,429 ) 241,589 (1,969,840 )
(2,536,674 ) 305,740 (2,230,934 )
Total (2,024,585 ) 163,347 (1,861,238 )

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Nicky Story Holdings 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 General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Basis of consolidation
The group financial statements consolidate the financial statements of Nicky Story Holdings Limited and all its subsidiary undertakings drawn up to 31st August each year.

The financial statements have been prepared in sterling. All monetary amounts in the financial statements are rounded to the nearest £.

Business combinations
Acquisitions of subsidiaries and businesses are accounted for using the purchase method. The cost of the business combination is measured at the aggregate of the fair values (at the date of exchange) of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquiree plus costs directly attributable to the business combination.

Any excess of the cost of the business combination over the acquirer's interest in the net fair value of the identifiable assets and liabilities is recognised as goodwill.

Goodwill is to be amortised evenly over its useful life of 10 years.

Merger accounting has been used for a subsidiary who has joined the group. The carrying value of the assets and liabilities of the subsidiary have been brought into financial statements from the beginning of the financial year in which the combination occurred. The comparative information has been restated by including the total comprehensive income for all the combining entities for the previous reporting period and their statement of financial position for the previous reporting date.

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 the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of goods.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years. Provision is made for any impairment.

Intangible assets
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired on business combinations are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Computer software20% straight line

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows

Leasehold property10% straight line
Plant and machinery25% reducing balance
Fixtures and fittings15% reducing balance/15% straight line
Motor vehicles15% reducing balance
Website20% straight line
Computer equipment33% straight line/25% straight line
Freehold property2% straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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.

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,579,707 1,391,689
Social security costs 103,593 115,036
Other pension costs 22,874 101,909
1,706,174 1,608,634

The average number of employees during the year was as follows:
2024 2023

Staff 55 68
Directors 2 2
57 70

2024 2023
£    £   
Directors' remuneration 417,980 25,000
Directors' pension contributions to money purchase schemes 816 75,864

Information regarding the highest paid director for the year ended 31st August 2024 is as follows:
2024
£   
Emoluments etc 407,563
Pension contributions to money purchase schemes 659

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

2024 2023
£    £   
Hire of plant and machinery - 27,239
Other operating leases 3,630 23,564
Depreciation - owned assets 156,578 223,698
Goodwill amortisation 168,132 168,132
Computer software amortisation 29,127 23,383
Auditor remuneration-Parent 9,800 6,050
Auditor remuneration -subsidiary 22,750 21,475
Foreign exchange differences 3,582 14,215

5. EXCEPTIONAL ITEMS

Exceptional costs of £nil (2023: £172,433) have been incurred in relation to costs on reorganisation in the prior year. These relate to redundancy costs of £nil (2023: £57,510), loss on disposal of £nil (2023: £93,758) and transport costs of £nil (2023: £21,165).

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Loan interest 222,579 191,962

7. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 106,989 1,624

Deferred tax (7,886 ) (50,295 )
Tax on profit/(loss) 99,103 (48,671 )

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


7. TAXATION - continued

Reconciliation of total tax charge/(credit) included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit/(loss) before tax 186,470 (399,042 )
Profit/(loss) multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 21.515 %)

46,618

(85,854

)

Effects of:
Depreciation in excess of capital allowances 66,098 44,317
Utilisation of tax losses (13,613 ) -
Change in tax rates - (7,011 )
Marginal relief - (123 )
Total tax charge/(credit) 99,103 (48,671 )

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31st August 2024.

2023
Gross Tax Net
£    £    £   
Revaluation
Deferred tax
- - -

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim - 59,500
Ordinary B share of £1
Interim - 37,500
- 97,000

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


10. INTANGIBLE FIXED ASSETS

Group
Computer
Goodwill software Totals
£    £    £   
COST
At 1st September 2023 1,681,319 128,171 1,809,490
Additions - 36,600 36,600
At 31st August 2024 1,681,319 164,771 1,846,090
AMORTISATION
At 1st September 2023 516,901 27,280 544,181
Amortisation for year 168,132 29,127 197,259
At 31st August 2024 685,033 56,407 741,440
NET BOOK VALUE
At 31st August 2024 996,286 108,364 1,104,650
At 31st August 2023 1,164,418 100,891 1,265,309

Included in the total net book value of intangible fixed assets was £66,255 (2023: £89,640) in respect of assets held under finance leases.

11. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1st September 2023 1,810,000 1,057,862 425,331 121,866 3,415,059
Additions - 10,619 - 1,610 12,229
Disposals - (27,790 ) - - (27,790 )
Reclassification 52,775 - (52,775 ) - -
At 31st August 2024 1,862,775 1,040,691 372,556 123,476 3,399,498
DEPRECIATION
At 1st September 2023 36,528 997,304 168,429 99,387 1,301,648
Charge for year 36,527 38,162 62,482 19,407 156,578
Eliminated on disposal - (27,790 ) - - (27,790 )
Reclassification 26,388 - (26,388 ) - -
At 31st August 2024 99,443 1,007,676 204,523 118,794 1,430,436
NET BOOK VALUE
At 31st August 2024 1,763,332 33,015 168,033 4,682 1,969,062
At 31st August 2023 1,773,472 60,558 256,902 22,479 2,113,411

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


11. TANGIBLE FIXED ASSETS - continued

Group

Cost or valuation at 31st August 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2022 1,750,000 - - - 1,750,000
Cost 112,775 1,040,691 372,556 123,476 1,649,498
1,862,775 1,040,691 372,556 123,476 3,399,498

The freehold properties were professionally valued at £1,750,000 by Eddisons Commercial Limited, chartered surveyors, in June 2022.

The historic cost equivalent of freehold properties included at fair value is £1,303,307 (2023: £1,250,532).

Included in the total net book value of tangible fixed assets was £1,158 (2023: £7,490) in respect of assets held under finance leases.

Company
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Transfer to ownership 843,601 306,063 8,737 1,158,401
At 31st August 2024 843,601 306,063 8,737 1,158,401
DEPRECIATION
Transfer to ownership 842,198 169,919 8,257 1,020,374
At 31st August 2024 842,198 169,919 8,257 1,020,374
NET BOOK VALUE
At 31st August 2024 1,403 136,144 480 138,027

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1st September 2023 1,462,585
Impairments (936,550 )
At 31st August 2024 526,035
NET BOOK VALUE
At 31st August 2024 526,035
At 31st August 2023 1,462,585

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Supplies For Candles Limited
Registered office: Unit E, Swinton Bridge Industrial Estate Whitelee Road, Swinton, Mexborough, South Yorkshire, England, S64 8BH
Nature of business: Retail of candle supplies
%
Class of shares: holding
Ordinary 100.00

The Soap Kitchen Limited
Registered office: Unit E, Swinton Bridge Industrial Estate Whitelee Road, Swinton, Mexborough, South Yorkshire, England, S64 8BH
Nature of business: Retail of soap supplies
%
Class of shares: holding
Ordinary (indirect holding) 100.00

Glassprint Limited
Registered office: Unit C1 Swinton Bridge Industrial Estate, White Lee Road, Swinton, Mexborough, South Yorkshire, United Kingdom, S64 8BH
Nature of business: Manufacture and processing of other glass
%
Class of shares: holding
Ordinary 100.00

Stoker Properties Limited
Registered office: Unit C1 Swinton Bridge Industrial Estate White Lee Road, Swinton, Mexborough, South Yorkshire, S64 8BH
Nature of business: Property investment company
%
Class of shares: holding
Ordinary 100.00

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


12. FIXED ASSET INVESTMENTS - continued

Story Industries Limited
Registered office: Unit E, Swinton Bridge Industrial Estate White Lee Road, Swinton, Mexborough, South Yorkshire, England, S64 8BH
Nature of business: Property investment company
%
Class of shares: holding
Ordinary 100.00



13. INVESTMENT PROPERTY
Company
Total
£   
FAIR VALUE
At 1st September 2023 1,810,000
Transfer to ownership 26,389
At 31st August 2024 1,836,389
NET BOOK VALUE
At 31st August 2024 1,836,389
At 31st August 2023 1,810,000

The investment property purchased in April 2019 was professionally valued at £300,000 by Eddisons Commercial Limited, chartered surveyors, in June 2022.

The historic cost equivalent of investment properties included at fair value is £1,746,913 (2023: £1,720,524).

14. STOCKS

Group
2024 2023
£    £   
Raw materials 68,683 85,596
Goods for resale 1,137,680 1,247,304
1,206,363 1,332,900

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 165,478 55,241 - -
Amounts owed by group undertakings - - 337,073 431,885
Other debtors 160,043 190,175 - -
Amounts owing from related
parties 545,175 329,211 - -
Tax - 13,719 - -
Prepayments and accrued income 31,091 45,274 - -
901,787 633,620 337,073 431,885

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 18) 235,451 264,911 235,451 264,911
Hire purchase contracts (see note 19) 25,643 34,726 - -
Trade creditors 799,316 982,558 - -
Amounts owed to group undertakings - - - 1,046,956
Corporation Tax 107,493 1,627 - -
Social security and other taxes 27,797 23,570 - -
VAT 102,948 53,725 1,099 1,204
Other creditors 273,156 84,467 - 1
Trade facilities 88,341 312,036 - -
Directors' current accounts 8,552 936 - -
Accruals and deferred income 149,609 177,805 15,000 654
1,818,306 1,936,361 251,550 1,313,726

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 18) 1,969,840 2,211,429 1,969,840 2,211,429
Hire purchase contracts (see note 19) - 25,608 - -
1,969,840 2,237,037 1,969,840 2,211,429

18. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 235,451 264,911 235,451 264,911
Amounts falling due between one and two years:
Bank loans - 1-2 years 240,357 264,597 240,357 264,597
Amounts falling due between two and five years:
Bank loans - 2-5 years 545,208 812,817 545,208 812,817
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by
instalments 1,184,275 1,134,015 1,184,275 1,134,015
1,184,275 1,134,015 1,184,275 1,134,015

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 25,643 34,726
Between one and five years - 25,608
25,643 60,334

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 17,888 17,888
Between one and five years 20,124 38,012
38,012 55,900

20. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans 2,205,291 2,476,340 2,205,291 2,476,340
Hire purchase contracts 25,643 60,334 - -
Trade facilities 88,341 312,036 - -
2,319,275 2,848,710 2,205,291 2,476,340

Security on the hire purchase contracts is held on the assets they relate to.

Security on loans is in the forms of a fixed and floating charge over the assets of the group.

On 3rd February 2023 Supplies For Candles Limited, a wholly owned subsidiary, created a fixed and floating charge against all the assets of Supplies For Candles Limited of £500,000. The balance as at 31st August 2024 totalled £88,341 (2023: £312,036).

21. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 197,342 205,228 162,616 123,475

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


21. PROVISIONS FOR LIABILITIES - continued

Group
Deferred
tax
£   
Balance at 1st September 2023 205,228
Provided during year (7,886 )
Balance at 31st August 2024 197,342

Company
Deferred
tax
£   
Balance at 1st September 2023 123,475
Provided during year 39,141
Balance at 31st August 2024 162,616

22. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
101 Ordinary £1 101 101
1 Ordinary B £1 1 1
102 102

Ordinary shares rank pari passu except that different rates of dividend can be declared on different
classes of share.

23. RESERVES

Group
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st September 2023 1,012,851 465,750 1,478,601
Profit for the year 87,367 87,367
Transfer 11,650 (11,650 ) -
At 31st August 2024 1,111,868 454,100 1,565,968

Company
Non-distributable
reserves
£   
At 1st September 2023
and 31st August 2024 67,107

NICKY STORY HOLDINGS LIMITED (REGISTERED NUMBER: 11278846)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


23. RESERVES - continued

Retained earnings
The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

Revaluation reserves
The revaluation reserve represents the cumulate effect of revaluations of tangible fixed assets where a policy of revaluation has been adopted.

Non distributable reserves
Where financial instruments and investment properties are measured at fair value a transfer is made to the non-distributable reserve, instead of a transfer to retained earnings, to assist with the identification of profits available for distribution.

24. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

N Story 2024 2023
£    £   
Balance outstanding at start of year (936 ) (1,373 )
Amounts advanced 682,167 297,437
Amounts repaid (689,783 ) (297,000 )
Balance outstanding at end of year (8,552 ) (936 )

Interest of £1,082 was charged, at the HMRC beneficial loan rate. The loan is repayable on demand.

25. RELATED PARTY DISCLOSURES

During the year the group received rental income at a commercial rate totalling £33,000 (2023: Nil), sales of £107,115 (2023: Nil) from a company in which Nicky Story is a director of.

During the year the group recharged salaries to a company in which Nicky Story is a director of totalling £201,712 (2023: £201,218).

At 31st August 2024 there was a balance owing to the group from companies in which Nicky Story is a director of totalling £545,175 (2023: £329,211).

During the year the parent company received rental income totalling £192,000 (2023: £25,000) from companies under common control.

Assets with a net book value of £164,413 were transferred to the parent company during the year from companies under common control.

26. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Nicky Story.

27. PENSION SCHEME

The group contributes to defined contribution pension schemes. The pension cost charged for the year represents contributions payable by the group to the schemes and amounted to £24,182 (2023: £101,909).

There were outstanding contributions payable to the schemes as at 31st August 2024 of £5,318 (2023: £4,927).