REGISTERED NUMBER: SC369651 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Brett Nicholls Associates Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D T Nicholls

E Nicholls

N Bell

SECRETARY:

D T Nicholls

REGISTERED OFFICE:

Herbert House

24 Herbert Street

Glasgow

G20 6NB

REGISTERED NUMBER:

SC369651 (Scotland)

BANKERS:

Santander

268-270 Byres Road

Glasgow

G12 8SH

FIXED ASSETS

Intangible assets

4

7,293

-

Tangible assets

5

23,141

39,767

30,434

39,767

CURRENT ASSETS

Debtors

6

101,960

85,325

Cash at bank

22,825

102,599

124,785

187,924

CREDITORS

Amounts falling due within one year

7

75,308

101,751

NET CURRENT ASSETS

49,477

86,173

TOTAL ASSETS LESS CURRENT LIABILITIES

79,911

125,940

CREDITORS

Amounts falling due after more than one year

8

7,293

5,235

NET ASSETS

72,618

120,705

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

9

72,613

120,700

72,618

120,705

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.

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 7 September 2025 and were signed on its behalf by:

D T Nicholls - Director

1.	STATUTORY INFORMATION

Brett Nicholls Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

As of 1 April 2023 the Company is reporting under FRS102 (Section 1A). Previously it reported under the micro entities regime (FRS105). There were no material adjustments required to the comparative balance sheet as a result of this change.

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 2024, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

not provided

Motor vehicles

-

20% on cost

Computer

Equipment

-

25% on cost

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 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

10,940

At 31 March 2025

10,940

AMORTISATION

Charge for year

3,647

At 31 March 2025

3,647

NET BOOK VALUE

At 31 March 2025

7,293

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 April 2024

2,740

89,830

43,284

135,854

Additions

891

-

7,591

8,482

At 31 March 2025

3,631

89,830

50,875

144,336

DEPRECIATION

At 1 April 2024

-

61,384

34,703

96,087

Charge for year

-

17,966

7,142

25,108

At 31 March 2025

-

79,350

41,845

121,195

NET BOOK VALUE

At 31 March 2025

3,631

10,480

9,030

23,141

At 31 March 2024

2,740

28,446

8,581

39,767

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

65,158

62,282

Amounts recoverable on contract

31,884

17,151

Other debtors

4,918

5,892

101,960

85,325

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

5,235

8,974

Trade creditors

12,933

11,704

Taxation and social security

53,008

57,765

Other creditors

4,132

23,308

75,308

101,751

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

5,235

Other creditors

7,293

-

7,293

5,235

9.

RESERVES

Retained

earnings

£

At 1 April 2024

120,700

Profit for the year

43,833

Dividends

(91,920

)

At 31 March 2025

72,613

10.	RELATED PARTY DISCLOSURES

The company provided management and accounting/tax services to Marama Consulting CIC (SC747802), a company which D T Nicholls is a director of. The total value of these services for the year to 31 March 2025 was £2,878 excluding VAT (2024: £3,683).