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Registered number: 08865617

Nicholas Oakwell Holdings Limited

ACCOUNTS

FOR THE 550 DAY PERIOD ENDED 31/10/2024

Prepared By:

GT Accountants Limited

Unit 7, The Court House

72 Moorland Road, Burslem

Stoke on Trent

Staffs

ST6 1DY

Nicholas Oakwell Holdings Limited

ACCOUNTS

FOR THE 550 DAY PERIOD ENDED 31/10/2024

DIRECTORS

Nicholas Oakwell

REGISTERED OFFICE

Unit 101 Cocoa Studios

The Biscuit Factory, Drummond Road

London

SE16 4DG

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 08865617

BANKERS

Lloyds Bank

ACCOUNTANTS

GT Accountants Limited

Unit 7, The Court House

72 Moorland Road, Burslem

Stoke on Trent

Staffs

ST6 1DY

Nicholas Oakwell Holdings Limited

ACCOUNTS
FOR THE550 DAY PERIODENDED31/10/2024
CONTENTS
		Page
Balance Sheet		3
Notes To The Accounts		4

Nicholas Oakwell Holdings Limited

BALANCE SHEET AT 31/10/2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Intangible assets		3				30,220				7,237
Tangible assets		4				386,562				422,073
						416,782				429,310
CURRENT ASSETS
Stock				99,679				80,761
Debtors		6		773,489				511,708
Cash at bank and in hand				270,590				6,226
				1,143,758				598,695
CREDITORS: Amounts falling due within one year		7		1,110,044				787,096
NET CURRENT ASSETS / (LIABILITIES)						33,714				(188,401)
TOTAL ASSETS LESS CURRENT LIABILITIES						450,496				240,909
CREDITORS: Amounts falling due after more than one year		8				10,833				25,833
PROVISIONS FOR LIABILITIES AND CHARGES		10				55,730				41,457
NET ASSETS						383,933				173,619
CAPITAL AND RESERVES
Called up share capital		11				100				100
Profit and loss account						383,833				173,519
SHAREHOLDERS' FUNDS						383,933				173,619
For the year ending 31/10/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/05/2025 and signed on their behalf by
Nicholas Oakwell
Director

Nicholas Oakwell Holdings Limited

NOTES TO THE ACCOUNTS

FOR THE 550 DAY PERIOD ENDED 31/10/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Going Concern

These financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate for the company.

1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Properties		reducing balance 15%
Plant and Machinery		reducing balance 25%

1d. Intangible Assets

Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.

1e. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1f. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Nicholas Oakwell Holdings Limited

1g. Foreign Currency

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

1h. Goodwill

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

1i. Government Grants

Government grants are recognised in profit and loss in the year in which they are received.

2. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				28		19

3. INTANGIBLE FIXED ASSETS
		Development		Purchased
		Costs		Goodwill		Total
		£		£		£
Cost
At 01/05/2023		-		28,529		28,529
Additions		28,143		-		28,143
At 31/10/2024		28,143		28,529		56,672
Depreciation
At 01/05/2023		-		21,292		21,292
For the 550 day period		619		4,541		5,160
At 31/10/2024		619		25,833		26,452
Net Book Amounts
At 31/10/2024		27,524		2,696		30,220
At 30/04/2023		-		7,237		7,237

Nicholas Oakwell Holdings Limited

4. TANGIBLE FIXED ASSETS
		Short Leasehold		Plant and
		Properties		Machinery		Total
		£		£		£
Cost
At 01/05/2023		397,122		146,153		543,275
Additions		13,406		53,105		66,511
At 31/10/2024		410,528		199,258		609,786
Depreciation
At 01/05/2023		51,891		69,311		121,202
For the 550 day period		60,943		41,079		102,022
At 31/10/2024		112,834		110,390		223,224
Net Book Amounts
At 31/10/2024		297,694		88,868		386,562
At 30/04/2023		345,231		76,842		422,073

5. STOCK				2024		2023
				£		£
Stock comprises:
Stock				44,027		30,000
Work in progress				55,652		50,761
				99,679		80,761

6. DEBTORS				2024		2023
				£		£
Amounts falling due within one year
Trade debtors				703,611		438,262
Other debtors				37,427		24,089
Prepayments				32,451		7,010
Directors current account				-		42,347
				773,489		511,708

Nicholas Oakwell Holdings Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
UK corporation tax				158,149		68,841
VAT				18,509		33,690
PAYE control				24,950		137,033
Salaries and wages control				10,038		11,803
Bank loans and overdrafts				-		15,680
Bank Loan				10,000		10,000
Credit card				5,322		583
Trade creditors				47,857		225,372
Other creditors				-		125,000
Pension schemes				14,744		18,598
Accruals				183,650		18,393
Deferred income				636,825		122,103
				1,110,044		787,096

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2024		2023
				£		£
Bank loans (unsecured) >1yr				10,833		25,833
				10,833		25,833

9. SECURED CREDITORS
				2024		2023
				£		£
Amount of bank loans and overdrafts which are secured				-		15,680

Nicholas Oakwell Holdings Limited

10. PROVISIONS FOR LIABILITIES				2024		2023
				£		£
Deferred taxation				55,730		41,457
				55,730		41,457

11. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100

12. CONTROLLING PARTY

The parent company is Nicholas Oakwell Group Limited which owns 100% of the share capital of the company.