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REGISTERED NUMBER: 12504368 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nicholas Associates Limited

Nicholas Associates Limited (Registered number: 12504368)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nicholas Associates Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr N J Cleeve





SECRETARY: Mrs N P Cleeve





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 12504368 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Nicholas Associates Limited (Registered number: 12504368)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,122 1,496

CURRENT ASSETS
Debtors 5 41,120 25,123
Cash at bank 140,601 120,923
181,721 146,046
CREDITORS
Amounts falling due within one year 6 18,687 18,078
NET CURRENT ASSETS 163,034 127,968
TOTAL ASSETS LESS CURRENT LIABILITIES 164,156 129,464

PROVISIONS FOR LIABILITIES 242 316
NET ASSETS 163,914 129,148

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 163,814 129,048
SHAREHOLDERS' FUNDS 163,914 129,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2025 and were signed by:





Mr N J Cleeve - Director


Nicholas Associates Limited (Registered number: 12504368)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Nicholas 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024
and 31 March 2025 4,127
DEPRECIATION
At 1 April 2024 2,631
Charge for year 374
At 31 March 2025 3,005
NET BOOK VALUE
At 31 March 2025 1,122
At 31 March 2024 1,496

Nicholas Associates Limited (Registered number: 12504368)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Directors' current accounts 34,453 18,456
Accrued income 6,667 6,667
41,120 25,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Tax 15,950 16,554
Other creditors 1,135 -
Accrued expenses 1,602 1,524
18,687 18,078

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
60 'A' Ordinary £1 60 60
40 'B' Ordinary £1 40 40
100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2024 129,048
Profit for the year 58,091
Dividends (23,325 )
At 31 March 2025 163,814

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mr N J Cleeve
Balance outstanding at start of year 18,456 21,089
Amounts advanced 41,196 24,681
Amounts repaid (25,199 ) (27,314 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,453 18,456

The overdrawn directors' loan account was repaid within 9 months.