REGISTERED NUMBER: 06444668 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Nick Coughlin Associates Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Ms J A Whitley

N T Coughlin

L J Coughlin

Secretary:

L J Coughlin

Registered office:

2 Frogmore Terrace

Kingsbridge

Devon

TQ7 1EU

Registered number:

06444668 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

966

989

Current assets

Stocks

2,762

25,489

Debtors

5

19,979

-

Cash at bank and in hand

14,874

141,705

37,615

167,194

Creditors

Amounts falling due within one year

6

31,058

166,251

Net current assets

6,557

943

Total assets less current liabilities

7,523

1,932

Provisions for liabilities

7

375

375

Net assets

7,148

1,557

Capital and reserves

Called up share capital

8

100

100

Retained earnings

7,048

1,457

Shareholders' funds

7,148

1,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

N T Coughlin - Director

1.	STATUTORY INFORMATION

Nick Coughlin Associates 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by the reference to the stage of completion of the contact. The stage of completion of a contact is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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

-

25% on cost

Computer equipment

-

25% on reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Pension costs and other post-retirement benefits

The company pays to a defined contribution pension scheme for its directors. Contributions payable to the directors scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

8,423

2,782

11,205

Additions

-

291

291

At 31 December 2024

8,423

3,073

11,496

Depreciation

At 1 January 2024

8,423

1,793

10,216

Charge for year

-

314

314

At 31 December 2024

8,423

2,107

10,530

Net book value

At 31 December 2024

-

966

966

At 31 December 2023

-

989

989

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

299

-

Other debtors

100

-

Directors' current accounts

19,120

-

VAT

460

-

19,979

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

813

6,256

Tax

3,670

10,645

VAT

-

23,753

Other creditors

896

2,802

Directors' current accounts

-

3,201

Accruals and deferred income

25,679

119,594

31,058

166,251

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

375

375

Deferred

tax

£

Balance at 1 January 2024

375

Balance at 31 December 2024

375

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £19,120 by the directors.There is no date for repayment and all loans are interest free.This amount was repaid to the company in June 2025.

10.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.