Registration number: 14732866

Niico Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Niico Ltd

Company Information

Directors

Mr Alistair Sergeant Ms Naghmeh Melody Askari Mr Simon Justin Colin Williams Mr Richard John Boulton Leech

Registered office

167-169 Great Portland Street Fifth Floor London W1W 5PF

Accountants

Delphi Accounting Ltd Chartered Tax Advisers3 The Office Village Roman Way Bath Business Park Peasedown St John Bath BA2 8SG

Niico Ltd

(Registration number: 14732866)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	10,692	2,177
Current assets
Debtors	5	815,018	98,147
Cash at bank and in hand		136,030	286,601
		951,048	384,748
Creditors: Amounts falling due within one year	6	(864,044)	(129,046)
Net current assets		87,004	255,702
Total assets less current liabilities		97,696	257,879
Creditors: Amounts falling due after more than one year	6	-	(500,000)
Net assets/(liabilities)		97,696	(242,121)
Capital and reserves
Called up share capital	7	126	100
Share premium reserve		839,924	-
Retained earnings		(742,354)	(242,221)
Shareholders' funds/(deficit)		97,696	(242,121)

Niico Ltd

(Registration number: 14732866)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 August 2025 and signed on its behalf by:
 

......................................... Mr Alistair Sergeant Director

Niico Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
167-169 Great Portland Street
Fifth Floor
London
W1W 5PF
United Kingdom

These financial statements were authorised for issue by the Board on 18 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Niico Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 3).

Niico Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 January 2024	2,353	2,353
Additions	10,406	10,406
Disposals	(702)	(702)
At 31 December 2024	12,057	12,057
Depreciation
At 1 January 2024	176	176
Charge for the year	1,189	1,189
At 31 December 2024	1,365	1,365
Carrying amount
At 31 December 2024	10,692	10,692
At 31 December 2023	2,177	2,177

5

Debtors

Current	2024 £	2023 £
Trade debtors	759,352	54,204
Prepayments	55,566	43,759
Other debtors	100	184
	815,018	98,147

Niico Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	57,156	58,730
Taxation and social security	295,713	22,979
Accruals and deferred income	509,683	46,597
Other creditors	1,492	740
	864,044	129,046

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	-	500,000

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Shares of £0.00 (2023 - £1) each	111,304	111	100	100
A Preferred of £0.00 (2023 - £0) each	9,690	10	-	-
B Ordinary of £0.00 (2023 - £0) each	5,092	5	-	-
	126,086	126	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Other borrowings	-	500,000