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REGISTERED NUMBER: 09516142 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Nic Joly Limited

Nic Joly Limited (Registered number: 09516142)






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




Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 4

Notes to the Financial Statements 5


Nic Joly Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: N A Joly
Mrs C J Joly





REGISTERED OFFICE: Prospect Road
Alresford
Hampshire
SO24 9QF





REGISTERED NUMBER: 09516142 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Nic Joly Limited (Registered number: 09516142)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,762 39,646
Investments 5 84,848 84,848
124,610 124,494

CURRENT ASSETS
Stocks 2,750 2,750
Debtors 6 237,696 121,441
Cash at bank 8 108,495
240,454 232,686
CREDITORS
Amounts falling due within one year 7 141,505 142,967
NET CURRENT ASSETS 98,949 89,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,559

214,213

CREDITORS
Amounts falling due after more than one
year

8

(24,618

)

(30,111

)

PROVISIONS FOR LIABILITIES 9 (3,579 ) (3,287 )
NET ASSETS 195,362 180,815

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 195,262 180,715
SHAREHOLDERS' FUNDS 195,362 180,815

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 Joly Limited (Registered number: 09516142)

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 8 July 2025 and were signed on its behalf by:





N A Joly - Director


Nic Joly Limited (Registered number: 09516142)

Statement of Changes in Equity
for the Year Ended 31 March 2025

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2023 100 273,618 273,718

Changes in equity
Profit for the year - 53,097 53,097
Total comprehensive income - 53,097 53,097
Dividends - (146,000 ) (146,000 )
Balance at 31 March 2024 100 180,715 180,815

Changes in equity
Profit for the year - 184,547 184,547
Total comprehensive income - 184,547 184,547
Dividends - (170,000 ) (170,000 )
Balance at 31 March 2025 100 195,262 195,362

Nic Joly Limited (Registered number: 09516142)

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

1. STATUTORY INFORMATION

Nic Joly 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.

Debtors includes amounts recoverable on service contracts. Where the outcome of a transaction can be estimated reliably, revenue is recognised by reference to the stage of completion of the transaction at the balance sheet date (in accordance with FRS 102 paragraph 23.14).

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 - 25% reducing balance basis
Motor vehicles - 10% on cost
Computer equipment - 33% reducing balance basis

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.

Nic Joly Limited (Registered number: 09516142)

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

2. ACCOUNTING POLICIES - continued

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 8 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 23,436 27,491 5,000 13,593 69,520
Additions - 2,434 - 2,453 4,887
At 31 March 2025 23,436 29,925 5,000 16,046 74,407
DEPRECIATION
At 1 April 2024 - 20,109 1,000 8,765 29,874
Charge for year - 1,141 500 3,130 4,771
At 31 March 2025 - 21,250 1,500 11,895 34,645
NET BOOK VALUE
At 31 March 2025 23,436 8,675 3,500 4,151 39,762
At 31 March 2024 23,436 7,382 4,000 4,828 39,646

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024
and 31 March 2025 84,848
NET BOOK VALUE
At 31 March 2025 84,848
At 31 March 2024 84,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 133,114 -
Amounts recoverable on service contracts 25,402 31,510
N J Arts Limited 78,180 64,519
Directors' current accounts - 23,412
Prepayments 1,000 2,000
237,696 121,441

Nic Joly Limited (Registered number: 09516142)

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 28,427 -
Other loans - 13,000
BBLS (Bounce Back Loan Scheme) 6,000 6,000
Trade creditors 2,679 74,359
Corporation tax 61,518 17,129
Social security and other taxes 5,288 4,055
VAT 31,635 13,248
Directors' current accounts 1,308 -
Accrued expenses 4,650 15,176
141,505 142,967

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
BBLS (Bounce Back Loan Scheme) 24,618 30,111

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 3,579 3,287

Deferred
tax
£   
Balance at 1 April 2024 3,287
Accelerated capital allowances 292
Balance at 31 March 2025 3,579

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
40 Ordinary 'A' £1 40 40
40 Ordinary 'B' £1 40 40
20 Ordinary 'C' £1 20 20
100 100

The Ordinary 'A' shares, Ordinary 'B' shares and Ordinary 'C' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

Nic Joly Limited (Registered number: 09516142)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 2024
£    £   
N A Joly
Balance outstanding at start of year 11,706 9,737
Amounts advanced - 1,969
Amounts repaid (12,360 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (654 ) 11,706

Mrs C J Joly
Balance outstanding at start of year 11,706 9,852
Amounts advanced - 1,854
Amounts repaid (12,360 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (654 ) 11,706

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £170,000 (2024 - £146,000) were paid to the directors .

N J Arts Limited
A company owned by the directors

During the period under review the company paid rent amounting to £25,000 (2024 - £18,000) to N J Arts Limited.

Amount due to/(from) related party at balance sheet date
2025 2024
£ £
N A Joly - director 654 (11,706 )
Mrs C J Joly - director 654 (11,706 )
N J Arts Limited (78,180 ) (64,519 )

13. ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control of the directors, all shareholders of the company.