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REGISTERED NUMBER: 01273596 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

NIGEL HOLMES LIMITED

NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIGEL HOLMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2025







DIRECTORS: Mr N M Holmes
Mrs S Holmes





SECRETARY: Mrs S Holmes





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 01273596 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596)

BALANCE SHEET
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,719 5,781

CURRENT ASSETS
Stocks 185,564 158,675
Debtors 5 2,883 2,160
Cash at bank and in hand 133,057 150,246
321,504 311,081
CREDITORS
Amounts falling due within one year 6 193,415 221,236
NET CURRENT ASSETS 128,089 89,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,808

95,626

CREDITORS
Amounts falling due after more than one
year

7

3,921

14,061
NET ASSETS 128,887 81,565

CAPITAL AND RESERVES
Called up share capital 9 5,004 5,004
Retained earnings 10 123,883 76,561
SHAREHOLDERS' FUNDS 128,887 81,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596)

BALANCE SHEET - continued
31 JANUARY 2025


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:




Mr N M Holmes - Director



Mrs S Holmes - Director


NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2025

1. STATUTORY INFORMATION

Nigel Holmes 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 represents net invoiced sales of goods attributable to the year, excluding value added tax.

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 - 25% on reducing balance

Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 7 (2024 - 7 ) .

NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 30,713 5,483 36,196
DEPRECIATION
At 1 February 2024 26,880 3,535 30,415
Charge for year 575 487 1,062
At 31 January 2025 27,455 4,022 31,477
NET BOOK VALUE
At 31 January 2025 3,258 1,461 4,719
At 31 January 2024 3,833 1,948 5,781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Prepayments 2,883 2,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 61,139 52,635
Tax 12,442 6,293
Social security and other taxes 3,154 2,245
VAT 22,368 25,636
Other creditors 1,736 1,868
Directors' current accounts 77,414 119,731
Accruals and deferred income 5,162 2,828
193,415 221,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-2 years 3,921 10,000
Bank loans - 2-5 years - 4,061
3,921 14,061

NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.25 31.1.24
£    £   
Within one year 28,347 41,430
Between one and five years 16,250 24,168
44,597 65,598

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
5,004 Ordinary £1 5,004 5,004

10. RESERVES
Retained
earnings
£   

At 1 February 2024 76,561
Profit for the year 48,322
Dividends (1,000 )
At 31 January 2025 123,883

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
Mr N M Holmes
Balance outstanding at start of year 61,386 68,107
Amounts advanced 2,750 16,250
Amounts repaid (23,081 ) (22,971 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,055 61,386

Mrs S Holmes
Balance outstanding at start of year 58,345 67,261
Amounts advanced 734 14,234
Amounts repaid (22,720 ) (23,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,359 58,345

The loans from the directors are interest free and repayable on demand.

NIGEL HOLMES LIMITED (REGISTERED NUMBER: 01273596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who own 100% of the issued share capital of the company.