Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-112024-10-11No description of principal activity2023-10-12false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00606005 2023-10-12 2024-10-11 00606005 2022-10-12 2023-10-11 00606005 2024-10-11 00606005 2023-10-11 00606005 2023-10-12 00606005 c:Director1 2023-10-12 2024-10-11 00606005 c:Director2 2023-10-12 2024-10-11 00606005 d:Buildings 2023-10-12 2024-10-11 00606005 d:Buildings 2024-10-11 00606005 d:Buildings 2023-10-11 00606005 d:Buildings d:OwnedOrFreeholdAssets 2023-10-12 2024-10-11 00606005 d:PlantMachinery 2023-10-12 2024-10-11 00606005 d:PlantMachinery 2024-10-11 00606005 d:PlantMachinery 2023-10-11 00606005 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-12 2024-10-11 00606005 d:MotorVehicles 2023-10-12 2024-10-11 00606005 d:MotorVehicles 2024-10-11 00606005 d:MotorVehicles 2023-10-11 00606005 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-12 2024-10-11 00606005 d:OwnedOrFreeholdAssets 2023-10-12 2024-10-11 00606005 d:CurrentFinancialInstruments 2024-10-11 00606005 d:CurrentFinancialInstruments 2023-10-11 00606005 d:Non-currentFinancialInstruments 2024-10-11 00606005 d:Non-currentFinancialInstruments 2023-10-11 00606005 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-11 00606005 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-11 00606005 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-11 00606005 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-11 00606005 d:ShareCapital 2024-10-11 00606005 d:ShareCapital 2023-10-11 00606005 d:RetainedEarningsAccumulatedLosses 2024-10-11 00606005 d:RetainedEarningsAccumulatedLosses 2023-10-11 00606005 d:AcceleratedTaxDepreciationDeferredTax 2024-10-11 00606005 d:AcceleratedTaxDepreciationDeferredTax 2023-10-11 00606005 c:FRS102 2023-10-12 2024-10-11 00606005 c:AuditExempt-NoAccountantsReport 2023-10-12 2024-10-11 00606005 c:FullAccounts 2023-10-12 2024-10-11 00606005 c:PrivateLimitedCompanyLtd 2023-10-12 2024-10-11 00606005 d:HirePurchaseContracts d:WithinOneYear 2024-10-11 00606005 d:HirePurchaseContracts d:WithinOneYear 2023-10-11 00606005 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-11 00606005 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-11 00606005 2 2023-10-12 2024-10-11 00606005 6 2023-10-12 2024-10-11 00606005 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-10-11 00606005 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-11 00606005 d:LeasedAssetsHeldAsLessee 2024-10-11 00606005 d:LeasedAssetsHeldAsLessee 2023-10-11 00606005 e:PoundSterling 2023-10-12 2024-10-11 iso4217:GBP xbrli:pure
Registered number: 00606005













J.H. AND P.E. NICHOLSON LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 OCTOBER 2024

 
J.H. AND P.E. NICHOLSON LIMITED
REGISTERED NUMBER:00606005

STATEMENT OF FINANCIAL POSITION
AS AT 11 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
129,307
121,541

Investments
 5 
65,742
65,742

  
195,049
187,283

Current assets
  

Stocks
  
160,326
179,535

Debtors: amounts falling due within one year
 6 
54,201
26,719

Cash at bank and in hand
 7 
313,058
361,260

  
527,585
567,514

Creditors: amounts falling due within one year
 8 
(155,822)
(189,190)

Net current assets
  
 
 
371,763
 
 
378,324

Total assets less current liabilities
  
566,812
565,607

Creditors: amounts falling due after more than one year
 9 
(33,297)
(44,408)

Provisions for liabilities
  

Deferred tax
 11 
(19,062)
(23,141)

  
 
 
(19,062)
 
 
(23,141)

Net assets
  
514,453
498,058


Capital and reserves
  

Called up share capital 
  
5,400
5,400

Profit and loss account
  
509,053
492,658

  
514,453
498,058


Page 1

 
J.H. AND P.E. NICHOLSON LIMITED
REGISTERED NUMBER:00606005
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 11 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 June 2025.




................................................
Mr L E Baugh
................................................
Mrs F E Baugh
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
J.H. AND P.E. NICHOLSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 OCTOBER 2024

1.


General information

J.H. & P.E. Nicholson Limited is a private company limited by shares and incorporated in England and
Wales, registration number 00606005. The registered office is Neatishead Hall, Neatishead, Norwich,
Norfolk, NR12 8XX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company
and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
J.H. AND P.E. NICHOLSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
J.H. AND P.E. NICHOLSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Freehold property
-
10%
Straight line
Plant & machinery
-
15%
Straight line
Motor vehicles
-
15%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the cost of purchase.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying
amount is reduced to its selling price less costs to complete and sell. The impairment loss is
recognised immediately in profit or loss.

Page 5

 
J.H. AND P.E. NICHOLSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 OCTOBER 2024

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
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2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
J.H. AND P.E. NICHOLSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 OCTOBER 2024

4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 12 October 2023
785,368
377,546
7,750
1,170,664


Additions
-
31,602
-
31,602



At 11 October 2024

785,368
409,148
7,750
1,202,266



Depreciation


At 12 October 2023
744,166
297,207
7,750
1,049,123


Charge for the year on owned assets
2,881
20,955
-
23,836



At 11 October 2024

747,047
318,162
7,750
1,072,959



Net book value



At 11 October 2024
38,321
90,986
-
129,307



At 11 October 2023
41,202
80,339
-
121,541

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
2024
2023
£
£



Plant and machinery
54,600
66,300

54,600
66,300


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 12 October 2023
65,742



At 11 October 2024
65,742




Page 7

 
J.H. AND P.E. NICHOLSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
41,025
8,643

Other debtors
8,933
12,654

Prepayments and accrued income
4,243
5,422

54,201
26,719



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
313,058
361,260

313,058
361,260



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
39,116
36,732

Corporation tax
6,578
25,747

Obligations under finance lease and hire purchase contracts
11,111
10,148

Other creditors
66,123
93,107

Accruals and deferred income
32,894
23,456

155,822
189,190



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
33,297
44,408

33,297
44,408


Page 8

 
J.H. AND P.E. NICHOLSON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 11 OCTOBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
11,111
10,148

Between 1-5 years
33,297
44,408

44,408
54,556


11.


Deferred taxation




2024


£






At beginning of year
(23,141)


Charged to profit or loss
4,079



At end of year
(19,062)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(19,062)
(23,141)

(19,062)
(23,141)


Page 9