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REGISTERED NUMBER: 05319202 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PAUL NICKERSON LIMITED

PAUL NICKERSON LIMITED (REGISTERED NUMBER: 05319202)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL NICKERSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: P Nickerson
Mrs N J Nickerson





SECRETARY: Mrs N J Nickerson





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 05319202 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

PAUL NICKERSON LIMITED (REGISTERED NUMBER: 05319202)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,635 38,997

CURRENT ASSETS
Debtors 5 163,035 143,598

CREDITORS
Amounts falling due within one year 6 145,891 145,672
NET CURRENT ASSETS/(LIABILITIES) 17,144 (2,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,779

36,923

CREDITORS
Amounts falling due after more than one
year

7

(30,007

)

(51,038

)

PROVISIONS FOR LIABILITIES (700 ) -
NET ASSETS/(LIABILITIES) 22,072 (14,115 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,972 (14,215 )
SHAREHOLDERS' FUNDS 22,072 (14,115 )

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

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

PAUL NICKERSON LIMITED (REGISTERED NUMBER: 05319202)

BALANCE SHEET - continued
31 JULY 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 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 7 March 2025 and were signed on its behalf by:





P Nickerson - Director


PAUL NICKERSON LIMITED (REGISTERED NUMBER: 05319202)

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

1. STATUTORY INFORMATION

Paul Nickerson 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.

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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents net invoiced sale of goods and services, 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.
Leasehold improvements - 4% on cost
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2023 - 2 ) .

PAUL NICKERSON LIMITED (REGISTERED NUMBER: 05319202)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 36,932 19,409 56,341
DEPRECIATION
At 1 August 2023 5,550 11,794 17,344
Charge for year 1,477 1,885 3,362
At 31 July 2024 7,027 13,679 20,706
NET BOOK VALUE
At 31 July 2024 29,905 5,730 35,635
At 31 July 2023 31,382 7,615 38,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 808 21,499
Other debtors 162,227 122,099
163,035 143,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 61,448 51,037
Trade creditors 31,625 56,205
Taxation and social security 47,477 32,499
Other creditors 5,341 5,931
145,891 145,672

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 30,007 51,038

PAUL NICKERSON LIMITED (REGISTERED NUMBER: 05319202)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
P Nickerson and Mrs N J Nickerson
Balance outstanding at start of year 88,973 90,597
Amounts advanced 118,558 76,784
Amounts repaid (76,535 ) (78,408 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 130,996 88,973

Interest has been charged on overdrawn loan balances over £20,000 at a rate of 2.25%.