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REGISTERED NUMBER: 08312394 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2024

for

Nicogen Ltd

Nicogen Ltd (Registered number: 08312394)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nicogen Ltd

Company Information
for the Year Ended 30th November 2024







DIRECTORS: Mr G Esposito
Mrs D M Esposito





SECRETARY:





REGISTERED OFFICE: 160 High Street
Herne Bay
Kent
CT6 5AJ





REGISTERED NUMBER: 08312394 (England and Wales)





ACCOUNTANTS: CWW Accountants
153 Mortimer Street
Herne Bay
Kent
CT6 5HA

Nicogen Ltd (Registered number: 08312394)

Balance Sheet
30th November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 38,203 50,417

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 117,439 39,740
Cash at bank and in hand (8,827 ) 50,553
112,612 94,293
CREDITORS
Amounts falling due within one year 6 103,170 80,366
NET CURRENT ASSETS 9,442 13,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,645

64,344

CREDITORS
Amounts falling due after more than one year 7 39,308 42,805
NET ASSETS 8,337 21,539

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 8,137 21,339
SHAREHOLDERS' FUNDS 8,337 21,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 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.

Nicogen Ltd (Registered number: 08312394)

Balance Sheet - continued
30th November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2025 and were signed on its behalf by:




Mr G Esposito - Director



Mrs D M Esposito - Director


Nicogen Ltd (Registered number: 08312394)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Nicogen 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.

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, 15% on reducing balance, 10% on cost and in accordance with the property

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 24 ) .

Nicogen Ltd (Registered number: 08312394)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023 193,556
Additions 914
At 30th November 2024 194,470
DEPRECIATION
At 1st December 2023 143,139
Charge for year 13,128
At 30th November 2024 156,267
NET BOOK VALUE
At 30th November 2024 38,203
At 30th November 2023 50,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 3,919 1,403
Amounts owed by participating interests 111,387 36,204
Other debtors 2,133 2,133
117,439 39,740

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 32,560 29,835
Hire purchase contracts 3,693 3,693
Trade creditors 40,607 28,093
Taxation and social security 26,400 11,734
Other creditors (90 ) 7,011
103,170 80,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 27,366 28,563
Hire purchase contracts 11,942 14,242
39,308 42,805