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REGISTERED NUMBER: SC661782 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

NICHOL SMITH HOLDINGS LIMITED

NICHOL SMITH HOLDINGS LIMITED (REGISTERED NUMBER: SC661782)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NICHOL SMITH HOLDINGS LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S McSkimming





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC661782 (Scotland)






NICHOL SMITH HOLDINGS LIMITED (REGISTERED NUMBER: SC661782)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 366

CURRENT ASSETS
Debtors 5 134,260 109,726
Cash at bank 10,745 2,927
145,005 112,653
CREDITORS
Amounts falling due within one year 6 193,256 164,884
NET CURRENT LIABILITIES (48,251 ) (52,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,251

)

(51,865

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (48,253 ) (51,867 )
(48,251 ) (51,865 )

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 director acknowledges her 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.

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 31 March 2025 and were signed by:





S McSkimming - Director


NICHOL SMITH HOLDINGS LIMITED (REGISTERED NUMBER: SC661782)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Nichol Smith Holdings Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding the directors and shareholders will continue to financially support the company.

NICHOL SMITH HOLDINGS LIMITED (REGISTERED NUMBER: SC661782)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023 1,067
Additions 2,880
Disposals (3,947 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 701
Charge for year 218
Eliminated on disposal (919 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 366

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 134,260 109,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 433 2,467
Amounts owed to related parties 183,247 153,806
Taxation and social security 915 7,214
Other creditors 8,661 1,397
193,256 164,884

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S McSkimming and R McSkimming.