Company Registration No. SC414590 (Scotland)
Nicol Estate Agents Limited
Unaudited accounts
for the year ended 31 January 2025
Nicol Estate Agents Limited
Unaudited accounts
Contents
Nicol Estate Agents Limited
Company Information
for the year ended 31 January 2025
Directors
A D Nicol
K R Nicol
Company Number
SC414590 (Scotland)
Registered Office
2 Marant House
46 Ayr Road
Glasgow
G46 6SA
Accountants
Carruthers & Co.
2/3, 10 Chesterfield Gardens
Glasgow
G12 0BF
Nicol Estate Agents Limited
Statement of financial position
as at 31 January 2025
Tangible assets
70,889
86,734
Cash at bank and in hand
99,648
66,179
Creditors: amounts falling due within one year
(63,083)
(55,196)
Net current assets
113,204
123,733
Total assets less current liabilities
184,093
210,467
Creditors: amounts falling due after more than one year
(50,117)
(68,365)
Net assets
133,976
142,102
Called up share capital
100
100
Profit and loss account
133,876
142,002
Shareholders' funds
133,976
142,102
For the year ending 31 January 2025 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 13 June 2025 and were signed on its behalf by
A D Nicol
Director
Company Registration No. SC414590
Nicol Estate Agents Limited
Notes to the Accounts
for the year ended 31 January 2025
Nicol Estate Agents Limited is a private company, limited by shares, registered in Scotland, registration number SC414590. The registered office is 2 Marant House, 46 Ayr Road, Glasgow, G46 6SA.
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:
Land & buildings
20% on straight line basis
Fixtures & fittings
25% on reducing balance basis
Computer equipment
25% on straight line basis
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
47,490
68,445
37,119
14,600
167,654
At 31 January 2025
47,490
68,445
37,119
14,600
167,654
At 1 February 2024
34,062
24,640
7,618
14,600
80,920
Charge for the year
6,726
8,761
358
-
15,845
At 31 January 2025
40,788
33,401
7,976
14,600
96,765
At 31 January 2025
6,702
35,044
29,143
-
70,889
At 31 January 2024
13,428
43,805
29,501
-
86,734
Nicol Estate Agents Limited
Notes to the Accounts
for the year ended 31 January 2025
Amounts falling due within one year
Trade debtors
67,940
106,218
Accrued income and prepayments
8,699
6,532
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
11,250
12,519
Taxes and social security
23,804
8,953
Other creditors
1,285
1,286
Loans from directors
73
242
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
38,950
49,063
8
Average number of employees
During the year the average number of employees was 8 (2024: 8).