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Registration number: 05619131

R.G. Nixon Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

R.G. Nixon Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

R.G. Nixon Limited

(Registration number: 05619131)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,826

26,284

Current assets

 

Debtors

5

124,652

90,110

Cash at bank and in hand

 

133,583

157,487

 

258,235

247,597

Creditors: Amounts falling due within one year

6

(121,284)

(112,232)

Net current assets

 

136,951

135,365

Total assets less current liabilities

 

157,777

161,649

Provisions for liabilities

(5,207)

(6,571)

Net assets

 

152,570

155,078

Capital and reserves

 

Called up share capital

10

10

Retained earnings

152,560

155,068

Shareholders' funds

 

152,570

155,078

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

R.G. Nixon Limited

(Registration number: 05619131)
Balance Sheet as at 30 November 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................
Mrs T Nixon
Company secretary and director

 

R.G. Nixon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Blakenhall Barn West Mill Lane
Blakenhall
Nr Nantwich
Cheshire
CW5 7NP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

R.G. Nixon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Fixtures, fittings and computer equipment

20% reducing balance

Motor vehicles

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2023

9,301

49,895

17,914

77,110

Additions

599

-

-

599

At 30 November 2024

9,900

49,895

17,914

77,709

Depreciation

At 1 December 2023

5,809

31,688

13,329

50,826

Charge for the year

818

4,551

688

6,057

At 30 November 2024

6,627

36,239

14,017

56,883

Carrying amount

At 30 November 2024

3,273

13,656

3,897

20,826

At 30 November 2023

3,492

18,207

4,585

26,284

 

R.G. Nixon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

82,334

71,589

Other debtors

42,318

18,521

 

124,652

90,110

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

24,213

25,100

Taxation and social security

 

18,015

19,734

Other creditors

 

79,056

67,398

 

121,284

112,232

7

Related party transactions

Other transactions with directors

During the year, advances were made to the director in the sum of £26,093 and repayments were made in the sum of £1,893. At the year end, the director owed the company the amount of £37,560 (2023: £13,360) and this amount is included in other debtors. The loan was interest free and repayable on demand.