REGISTERED NUMBER: 05719646 (England and Wales)

Nick Edwards Contracts Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Edwards

REGISTERED OFFICE:

Lymore Villa

162A London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

REGISTERED NUMBER:

05719646 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Intangible assets

5

10,146

10,680

Tangible assets

6

300,316

360,257

310,462

370,937

CURRENT ASSETS

Stocks

1,000

2,000

Debtors

7

134,886

552

Cash at bank

-

44,026

135,886

46,578

CREDITORS

Amounts falling due within one year

8

227,800

246,077

NET CURRENT LIABILITIES

(91,914

)

(199,499

)

TOTAL ASSETS LESS CURRENT LIABILITIES

218,548

171,438

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

65,842

110,866

Retained earnings

152,704

60,570

SHAREHOLDERS' FUNDS

218,548

171,438

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

N Edwards - Director

1.	STATUTORY INFORMATION

Nick Edwards Contracts 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

During the year items of plant & machinery were revalued.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

71,000

AMORTISATION

At 1 January 2024

60,320

Charge for year

534

At 31 December 2024

60,854

NET BOOK VALUE

At 31 December 2024

10,146

At 31 December 2023

10,680

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 January 2024

74,891

444,206

18,510

Additions

-

64,283

-

Disposals

-

(143,349

)

-

At 31 December 2024

74,891

365,140

18,510

DEPRECIATION

At 1 January 2024

-

190,330

12,624

Charge for year

-

934

888

Eliminated on disposal

-

(28,000

)

-

At 31 December 2024

-

163,264

13,512

NET BOOK VALUE

At 31 December 2024

74,891

201,876

4,998

At 31 December 2023

74,891

253,876

5,886

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

36,685

10,136

584,428

Additions

-

-

64,283

Disposals

-

-

(143,349

)

At 31 December 2024

36,685

10,136

505,362

DEPRECIATION

At 1 January 2024

13,383

8,524

224,861

Charge for year

5,825

538

8,185

Eliminated on disposal

-

-

(28,000

)

At 31 December 2024

19,208

9,062

205,046

NET BOOK VALUE

At 31 December 2024

17,477

1,074

300,316

At 31 December 2023

23,302

1,612

359,567

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2023

74,891

444,206

18,510

Valuation in 2024

-

(79,066

)

-

74,891

365,140

18,510

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2023

36,685

10,136

584,428

Valuation in 2024

-

-

(79,066

)

36,685

10,136

505,362

If plant and machinery had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

299,299

375,362

Aggregate depreciation

74,079

228,914

Plant and machinery were valued on an open market basis on 31 December 2022 by Govsales.co.uk .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

133,333

-

Other debtors

1,553

552

134,886

552

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,671

10,531

Hire purchase contracts

8,199

19,634

Trade creditors

709

8,280

Other creditors

211,221

207,632

227,800

246,077

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

12,000

Plant & machinery revaluation

53,842

At 31 December 2024

65,842

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

N Edwards

Balance outstanding at start of year

(176,313

)

(110,018

)

Amounts repaid

(10,336

)

(66,295

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(186,649

)

(176,313

)

During the year the director made a loan to the company. The amount owing to the director at 31st December 2024 was £186,649 (2023 £176,313). The loan which is interest free with no fixed date of repayment is included within other creditors.