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REGISTERED NUMBER: SC258300 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Nicolas Homebake Ltd.

Nicolas Homebake Ltd. (Registered number: SC258300)






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


Nicolas Homebake Ltd.

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs N L Ingram
Mrs L L Milne





REGISTERED OFFICE: Midtown of Badenspink
Banff
Aberdeenshire
AB45 2AQ





REGISTERED NUMBER: SC258300 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

Nicolas Homebake Ltd. (Registered number: SC258300)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,441 103,040

CURRENT ASSETS
Stocks 5 12,000 12,000
Debtors 6 28,928 26,674
Cash at bank and in hand 11,865 28,563
52,793 67,237
CREDITORS
Amounts falling due within one year 7 59,234 64,411
NET CURRENT (LIABILITIES)/ASSETS (6,441 ) 2,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,000

105,866

CREDITORS
Amounts falling due after more than one year 8 (25,285 ) (14,806 )

PROVISIONS FOR LIABILITIES (8,154 ) -
NET ASSETS 87,561 91,060

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 87,559 91,058
SHAREHOLDERS' FUNDS 87,561 91,060

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.

Nicolas Homebake Ltd. (Registered number: SC258300)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:




Mrs N L Ingram - Director



Mrs L L Milne - Director


Nicolas Homebake Ltd. (Registered number: SC258300)

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

1. STATUTORY INFORMATION

Nicolas Homebake Ltd. is a private company, limited by shares , registered in Scotland. 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 amounts (excluding value added tax) derived from the provision of goods to customers. Revenue is recognised at the point of sale of goods.

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.
Freehold property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Nicolas Homebake Ltd. (Registered number: SC258300)

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 10 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 26,890 62,974 128,127 1,915 219,906
Additions 25,659 18,627 42,943 - 87,229
Disposals - (5,885 ) (73,142 ) (405 ) (79,432 )
At 31 March 2025 52,549 75,716 97,928 1,510 227,703
DEPRECIATION
At 1 April 2024 5,378 46,043 63,530 1,915 116,866
Charge for year 5,255 7,004 19,170 - 31,429
Eliminated on disposal - (5,343 ) (42,285 ) (405 ) (48,033 )
At 31 March 2025 10,633 47,704 40,415 1,510 100,262
NET BOOK VALUE
At 31 March 2025 41,916 28,012 57,513 - 127,441
At 31 March 2024 21,512 16,931 64,597 - 103,040

Nicolas Homebake Ltd. (Registered number: SC258300)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 128,127
Additions 42,943
Disposals (73,142 )
At 31 March 2025 97,928
DEPRECIATION
At 1 April 2024 63,530
Charge for year 19,170
Eliminated on disposal (42,285 )
At 31 March 2025 40,415
NET BOOK VALUE
At 31 March 2025 57,513
At 31 March 2024 64,597

5. STOCKS
31.3.25 31.3.24
£    £   
Stock 12,000 12,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 22,992 17,919
VAT 5,460 5,831
Deferred tax asset - 2,351
Prepayments 476 573
28,928 26,674

Nicolas Homebake Ltd. (Registered number: SC258300)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 6,487 -
Hire purchase contracts 13,429 16,584
Trade creditors 19,561 19,008
Tax 10,240 18,363
Social security and other taxes 1,897 5,951
Other creditors 76 75
Directors' current accounts 1,088 691
Accrued expenses 6,456 3,739
59,234 64,411

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-5 years 9,085 -
Hire purchase contracts 16,200 14,806
25,285 14,806