Company Registration No. 07836239 (England and Wales)
HOWIE NICOL LIMITED
Unaudited accounts
for the year ended 30 November 2024
HOWIE NICOL LIMITED
Statement of financial position
as at 30 November 2024
Tangible assets
13,697
18,053
Cash at bank and in hand
26,966
32,313
Creditors: amounts falling due within one year
(19,987)
(22,527)
Net current assets
9,782
17,302
Total assets less current liabilities
23,479
35,355
Creditors: amounts falling due after more than one year
(6)
-
Called up share capital
4
4
Profit and loss account
23,469
35,351
Shareholders' funds
23,473
35,355
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by
Howard Frank Nicol
Director
Company Registration No. 07836239
HOWIE NICOL LIMITED
Notes to the Accounts
for the year ended 30 November 2024
HOWIE NICOL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07836239. The registered office is 124 City Road, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
- 25% Reducing balance
Fixtures & fittings
- 15% Straight line
Computer equipment
- 15% Straight line
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
4
Intangible fixed assets
Goodwill
At 1 December 2023
100,000
At 30 November 2024
100,000
At 1 December 2023
100,000
At 30 November 2024
100,000
HOWIE NICOL LIMITED
Notes to the Accounts
for the year ended 30 November 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
23,662
97,056
3,674
124,392
At 30 November 2024
23,662
97,056
3,674
124,392
At 1 December 2023
17,736
88,103
500
106,339
Charge for the year
1,482
2,323
551
4,356
At 30 November 2024
19,218
90,426
1,051
110,695
At 30 November 2024
4,444
6,630
2,623
13,697
At 30 November 2023
5,926
8,953
3,174
18,053
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,502
2,452
Other creditors
14,657
16,013
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
6
-
Allotted, called up and fully paid:
1 1 (2020 - 1) A ordinary share of £1 of £1 each
1
1
1 1 (2020 - 1) B ordinary share of £1 of £1 each
1
1
1 1 (2020 - 1) C ordinary share of £1 of £1 each
1
1
1 1 (2020 - 1) D ordinary share of £1 of £1 each
1
1
HOWIE NICOL LIMITED
Notes to the Accounts
for the year ended 30 November 2024
10
Transactions with related parties
At the year end, the company owed £0 (2023: £0) to the directors of the company. This amount is included in other creditors. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.
Also included within other creditors is an amount of £13,576 (2023: £14,576) due to connected persons. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).