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REGISTERED NUMBER: 02692838 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

NIKAD GROUP HOLDINGS LIMITED

NIKAD GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02692838)






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

Report of the Accountants 7

NIKAD GROUP HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: AJH Dakin





SECRETARY:





REGISTERED OFFICE: 30 High Street
Wendover
Buckinghamshire
HP22 6EA





REGISTERED NUMBER: 02692838 (England and Wales)





ACCOUNTANTS: Beacons
Chartered Accountants
30 High Street
Wendover
Buckinghamshire
HP22 6EA

NIKAD GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02692838)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,352 79,214
Investments 5 148,966 148,966
213,318 228,180

CURRENT ASSETS
Stocks 933,335 810,359
Debtors 6 4,924 17,698
Cash at bank 2,165 24,206
940,424 852,263
CREDITORS
Amounts falling due within one year 7 456,645 328,697
NET CURRENT ASSETS 483,779 523,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,097

751,746

CREDITORS
Amounts falling due after more than one
year

8

439,729

450,000
NET ASSETS 257,368 301,746

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 256,368 300,746
SHAREHOLDERS' FUNDS 257,368 301,746

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 director acknowledges his 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.

NIKAD GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02692838)

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 director and authorised for issue on 24 March 2025 and were signed by:





AJH Dakin - Director


NIKAD GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02692838)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Nikad Group 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 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - at varying rates on cost
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost and Straight line over the life of the lease

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost as adjusted for foreign currency translations.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

NIKAD GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02692838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions are charged to the profit and loss account in the year they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 39,701 10,500 64,382 114,583
DEPRECIATION
At 1 July 2023 23,796 10,500 1,073 35,369
Charge for year 1,985 - 12,877 14,862
At 30 June 2024 25,781 10,500 13,950 50,231
NET BOOK VALUE
At 30 June 2024 13,920 - 50,432 64,352
At 30 June 2023 15,905 - 63,309 79,214

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 148,966
NET BOOK VALUE
At 30 June 2024 148,966
At 30 June 2023 148,966

Cost or valuation at 30 June 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2019 138,127
Cost 10,839
148,966

NIKAD GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02692838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings - 249
Other debtors 4,924 17,449
4,924 17,698

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Finance leases 10,271 10,271
Trade creditors 2,790 9,454
Amounts owed to group undertakings 79,926 -
Other creditors 363,658 308,972
456,645 328,697

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Finance leases 39,728 49,999
Other creditors 400,001 400,001
439,729 450,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 400,001 400,001

9. CONTINGENT LIABILITIES

The company has not identified any contingent liabilities at 30 June 2024 (2023 £Nil).

10. OTHER FINANCIAL COMMITMENTS

At 30 June 2024, the company had no commitments under non-cancellable operating leases (2023: Nil).

11. ULTIMATE CONTROLLING PARTY

The controlling party is AJH Dakin.

The ultimate controlling party is AJH Dakin.

The company is controlled by Mr A J H Dakin, the sole director and 100% shareholder.

NIKAD GROUP HOLDINGS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
NIKAD GROUP HOLDINGS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Beacons
Chartered Accountants
30 High Street
Wendover
Buckinghamshire
HP22 6EA


24 March 2025