IRIS Accounts Production v25.1.4.42 05228800 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052288002024-03-31052288002025-03-31052288002024-04-012025-03-31052288002023-03-31052288002023-04-012024-03-31052288002024-03-3105228800ns15:EnglandWales2024-04-012025-03-3105228800ns14:PoundSterling2024-04-012025-03-3105228800ns10:Director12024-04-012025-03-3105228800ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3105228800ns10:SmallEntities2024-04-012025-03-3105228800ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3105228800ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3105228800ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3105228800ns10:FullAccounts2024-04-012025-03-310522880012024-04-012025-03-3105228800ns10:Director22024-04-012025-03-3105228800ns10:RegisteredOffice2024-04-012025-03-3105228800ns5:CurrentFinancialInstruments2025-03-3105228800ns5:CurrentFinancialInstruments2024-03-3105228800ns5:Non-currentFinancialInstruments2025-03-3105228800ns5:Non-currentFinancialInstruments2024-03-3105228800ns5:ShareCapital2025-03-3105228800ns5:ShareCapital2024-03-3105228800ns5:RetainedEarningsAccumulatedLosses2025-03-3105228800ns5:RetainedEarningsAccumulatedLosses2024-03-3105228800ns5:NetGoodwill2024-04-012025-03-3105228800ns5:PlantMachinery2024-04-012025-03-3105228800ns5:NetGoodwill2024-03-3105228800ns5:NetGoodwill2025-03-3105228800ns5:NetGoodwill2024-03-3105228800ns5:PlantMachinery2024-03-3105228800ns5:PlantMachinery2025-03-3105228800ns5:PlantMachinery2024-03-3105228800ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3105228800ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3105228800ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2025-03-3105228800ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-31
REGISTERED NUMBER: 05228800 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NIC SPROSON LTD

NIC SPROSON LTD (REGISTERED NUMBER: 05228800)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIC SPROSON LTD

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: N J Sproson
Mrs C A M Prindezis





REGISTERED OFFICE: 52 Barbourne Road
Worcester
WR1 1JA





REGISTERED NUMBER: 05228800 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

NIC SPROSON LTD (REGISTERED NUMBER: 05228800)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,535 43,731
27,535 43,731

CURRENT ASSETS
Stocks 44,039 46,539
Debtors 6 146,027 147,336
Cash at bank and in hand 76,753 136,571
266,819 330,446
CREDITORS
Amounts falling due within one year 7 64,950 101,630
NET CURRENT ASSETS 201,869 228,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,404

272,547

CREDITORS
Amounts falling due after more than one
year

8

(25,759

)

(41,637

)

PROVISIONS FOR LIABILITIES (5,232 ) (8,309 )
NET ASSETS 198,413 222,601

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 198,313 222,501
SHAREHOLDERS' FUNDS 198,413 222,601

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 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.

NIC SPROSON LTD (REGISTERED NUMBER: 05228800)

BALANCE SHEET - continued
31 March 2025


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 Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:





N J Sproson - Director


NIC SPROSON LTD (REGISTERED NUMBER: 05228800)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

NIC SPROSON LTD (REGISTERED NUMBER: 05228800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 175,000
AMORTISATION
At 1 April 2024
and 31 March 2025 175,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 126,455
Additions 2,385
At 31 March 2025 128,840
DEPRECIATION
At 1 April 2024 82,724
Charge for year 18,581
At 31 March 2025 101,305
NET BOOK VALUE
At 31 March 2025 27,535
At 31 March 2024 43,731

6. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 6,719 14,023
Other debtors 137,750 130,944
144,469 144,967

Amounts falling due after more than one year:
Other debtors 1,558 2,369

Aggregate amounts 146,027 147,336

NIC SPROSON LTD (REGISTERED NUMBER: 05228800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,580 10,183
Finance leases 5,437 5,437
Trade creditors 19,769 21,900
Taxation and social security 24,113 60,141
Other creditors 6,051 3,969
64,950 101,630

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 2,652 13,093
Finance leases 23,107 28,544
25,759 41,637

Amounts falling due in more than five years:

Repayable by instalments
Finance leases 1,359 6,796

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the director’s current account was overdrawn, the maximum amount £102.384 (2024 £100,197) and the year end balance was £102,384 (2024 £100,197).

10. ULTIMATE CONTROLLING PARTY

The controlling party is N J Sproson.