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REGISTERED NUMBER: 06542489 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

NICHOLAS GEORGE LTD

NICHOLAS GEORGE LTD (REGISTERED NUMBER: 06542489)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2025










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NICHOLAS GEORGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2025







DIRECTORS: Mr M J Redgrave
Mr D Knight



REGISTERED OFFICE: 86 St Mary's Row
Moseley
BIRMINGHAM
West Midlands
B13 9EF



REGISTERED NUMBER: 06542489 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: Barclays Bank PLC
201 Stratford Road
Shirley
Solihull
B90 3AT



INCORPORATION: 25th March 2008

NICHOLAS GEORGE LTD (REGISTERED NUMBER: 06542489)

ABRIDGED BALANCE SHEET
30TH APRIL 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,714 76,381

CURRENT ASSETS
Debtors 31,492 24,493
Cash at bank and in hand 74,351 76,271
105,843 100,764
CREDITORS
Amounts falling due within one year 130,582 120,524
NET CURRENT LIABILITIES (24,739 ) (19,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,975

56,621

CREDITORS
Amounts falling due after more than one
year

(6,840

)

(13,886

)

PROVISIONS FOR LIABILITIES 6 (6,116 ) (13,669 )
NET ASSETS 29,019 29,066

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 28,919 28,966
SHAREHOLDERS' FUNDS 29,019 29,066

NICHOLAS GEORGE LTD (REGISTERED NUMBER: 06542489)

ABRIDGED BALANCE SHEET - continued
30TH APRIL 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16th July 2025 and were signed on its behalf by:




Mr M J Redgrave - Director



Mr D Knight - Director


NICHOLAS GEORGE LTD (REGISTERED NUMBER: 06542489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2025


1. STATUTORY INFORMATION

Nicholas George Ltd 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 represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due, net of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

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.


NICHOLAS GEORGE LTD (REGISTERED NUMBER: 06542489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

NICHOLAS GEORGE LTD (REGISTERED NUMBER: 06542489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2024 183,629
Additions 4,729
At 30th April 2025 188,358
DEPRECIATION
At 1st May 2024 107,248
Charge for year 14,396
At 30th April 2025 121,644
NET BOOK VALUE
At 30th April 2025 66,714
At 30th April 2024 76,381

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st May 2024
and 30th April 2025 36,718
DEPRECIATION
At 1st May 2024 10,327
Charge for year 6,597
At 30th April 2025 16,924
NET BOOK VALUE
At 30th April 2025 19,794
At 30th April 2024 26,391

NICHOLAS GEORGE LTD (REGISTERED NUMBER: 06542489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025


5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 7,046 6,697
Between one and five years 6,840 13,886
13,886 20,583

Non-cancellable operating leases
2025 2024
£    £   
Within one year 20,700 19,200
Between one and five years 6,900 25,600
27,600 44,800

The total lease payments recognised as an expense during the year was £20,700 (2024 - £19,300).

6. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 6,116 13,669

Deferred
tax
£   
Balance at 1st May 2024 13,669
Provided during year (7,553 )
Movement
Balance at 30th April 2025 6,116

NICHOLAS GEORGE LTD (REGISTERED NUMBER: 06542489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2025


6. PROVISIONS FOR LIABILITIES - continued

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
34 Ordinary A £1 34 34
34 Ordinary B £1 34 34
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
4 Ordinary E £1 4 4
4 Ordinary F £1 4 4
4 Ordinary G £1 4 4
100 100