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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
Page
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Nicol Estate Agents Limited Company Information for the year ended 31 January 2025
Directors
A D Nicol K R Nicol
Secretary
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
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Nicol Estate Agents Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
70,889 
86,734 
Current assets
Debtors
76,639 
112,750 
Cash at bank and in hand
99,648 
66,179 
176,287 
178,929 
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 
Capital and reserves
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
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Nicol Estate Agents Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 January 2025
6,702 
35,044 
29,143 
- 
70,889 
At 31 January 2024
13,428 
43,805 
29,501 
- 
86,734 
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Nicol Estate Agents Limited Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
67,940 
106,218 
Accrued income and prepayments
8,699 
6,532 
76,639 
112,750 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
25,591 
31,117 
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 
Accruals
1,080 
1,079 
63,083 
55,196 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
11,167 
19,302 
Obligations under finance leases and hire purchase contracts
38,950 
49,063 
50,117 
68,365 
8
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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