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REGISTERED NUMBER: 04050522 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

John Nicholson Associates Limited

John Nicholson Associates Limited (Registered number: 04050522)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


John Nicholson Associates Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: J H Nicholson



SECRETARY: S D Nicholson



REGISTERED OFFICE: 1 Parklands
Hamsterly Mill
Rowlands Gill
NE39 1HH



REGISTERED NUMBER: 04050522 (England and Wales)



ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: Lloyds TSB Bank plc
19 Market Place
Durham City
Co. Durham
DH1 3NL

John Nicholson Associates Limited (Registered number: 04050522)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,240 47,637

CURRENT ASSETS
Stocks 69,755 75,545
Debtors 5 13,453 15,749
Cash at bank 107,452 77,816
190,660 169,110
CREDITORS
Amounts falling due within one year 6 38,348 25,151
NET CURRENT ASSETS 152,312 143,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,552

191,596

PROVISIONS FOR LIABILITIES 7,505 9,504
NET ASSETS 181,047 182,092

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 180,947 181,992
SHAREHOLDERS' FUNDS 181,047 182,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

John Nicholson Associates Limited (Registered number: 04050522)

Statement of Financial Position - continued
31 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 July 2025 and were signed by:





J H Nicholson - Director


John Nicholson Associates Limited (Registered number: 04050522)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

John Nicholson Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Turnover
Turnover represents net invoiced sales of goods and services provided excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% Straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 33% Straight line

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

John Nicholson Associates Limited (Registered number: 04050522)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 6,884 43,626 4,626 55,136
Additions 300 - 857 1,157
At 31 October 2024 7,184 43,626 5,483 56,293
DEPRECIATION
At 1 November 2023 2,586 1,951 2,962 7,499
Charge for year 868 10,418 1,268 12,554
At 31 October 2024 3,454 12,369 4,230 20,053
NET BOOK VALUE
At 31 October 2024 3,730 31,257 1,253 36,240
At 31 October 2023 4,298 41,675 1,664 47,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,409 15,685
Other debtors 44 64
13,453 15,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,755 3,575
Taxation and social security 21,368 20,162
Other creditors 15,225 1,414
38,348 25,151