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REGISTERED NUMBER: 08014152 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

JONES NICKOLDS LIMITED

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)






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


JONES NICKOLDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: L Castle
C M Nickolds
G Irving





REGISTERED OFFICE: 48 High Street
Beckenham
Kent
BR3 1AY





REGISTERED NUMBER: 08014152 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,926 35,975
23,926 35,975

CURRENT ASSETS
Stocks 126,273 99,112
Debtors 6 894,237 793,823
Cash at bank and in hand 510,105 506,631
1,530,615 1,399,566
CREDITORS
Amounts falling due within one year 7 (631,808 ) (629,148 )
NET CURRENT ASSETS 898,807 770,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

922,733

806,393

PROVISIONS FOR LIABILITIES (5,982 ) (8,994 )
NET ASSETS 916,751 797,399

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 916,650 797,298
SHAREHOLDERS' FUNDS 916,751 797,399

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.

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





L Castle - Director


JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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

1. STATUTORY INFORMATION

Jones Nickolds 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is allocated by client identifier, and calculated using the chargeable rate multiplied by chargeable time spent for each employee on each assignment.

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2023 - 30 ) .

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 750,000 4,815 754,815
AMORTISATION
At 1 August 2023
and 31 July 2024 750,000 4,815 754,815
NET BOOK VALUE
At 31 July 2024 - - -
At 31 July 2023 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 2,243 62,241 87,954 152,438
Additions - - 2,151 2,151
At 31 July 2024 2,243 62,241 90,105 154,589
DEPRECIATION
At 1 August 2023 2,243 41,447 72,773 116,463
Charge for year - 3,119 11,081 14,200
At 31 July 2024 2,243 44,566 83,854 130,663
NET BOOK VALUE
At 31 July 2024 - 17,675 6,251 23,926
At 31 July 2023 - 20,794 15,181 35,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 781,270 675,664
Other debtors 254 -
Directors' current accounts 432 -
Prepayments 112,281 118,159
894,237 793,823

JONES NICKOLDS LIMITED (REGISTERED NUMBER: 08014152)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 73,447 202,372
Tax 274,435 211,619
Social security and other taxes 59,528 46,731
VAT 105,298 79,946
Other creditors 74,154 63,139
Directors' current accounts 25,694 17,741
Accrued expenses 19,252 7,600
631,808 629,148

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 92,900 92,900
Between one and five years 135,617 229,025
228,517 321,925

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
10,000 Ordinary 1p 100 100
100 100