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J G NICHOLLS LIMITED

Registered Number
12998980
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2025

J G NICHOLLS LIMITED
Company Information
for the year from 1 June 2024 to 31 May 2025

Director

John Nicholls

Registered Address

8 Coles Mill Close
Holsworthy
EX22 6LR

Registered Number

12998980 (England and Wales)
J G NICHOLLS LIMITED
Balance Sheet as at
31 May 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3-6,381
-6,381
Current assets
Debtors-15,300
Cash at bank and on hand37,26723,487
37,26738,787
Creditors amounts falling due within one year4(37,396)(35,198)
Net current assets (liabilities)(129)3,589
Total assets less current liabilities(129)9,970
Provisions for liabilities5-(1,212)
Net assets(129)8,758
Capital and reserves
Called up share capital22
Profit and loss account(131)8,756
Shareholders' funds(129)8,758
The financial statements were approved and authorised for issue by the Director on 17 June 2025, and are signed on its behalf by:
John Nicholls
Director
Registered Company No. 12998980
J G NICHOLLS LIMITED
Notes to the Financial Statements
for the year ended 31 May 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
2.Average number of employees

20252024
Average number of employees during the year32
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 June 2411,02611,026
Additions3,9513,951
Disposals(14,977)(14,977)
Depreciation and impairment
At 01 June 244,6454,645
On disposals(4,645)(4,645)
Net book value
At 31 May 25--
At 31 May 246,3816,381
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables2,050-
Taxation and social security35,31428,116
Other creditors327,082
Total37,39635,198
5.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)-1,212
Total-1,212