Company registration number 05613601 (England and Wales)
STUART NICHOLS WASTE DISPOSAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
STUART NICHOLS WASTE DISPOSAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
STUART NICHOLS WASTE DISPOSAL LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
612,164
549,317
Current assets
Debtors
4
126,867
119,885
Cash at bank and in hand
351,645
425,439
478,512
545,324
Creditors: amounts falling due within one year
5
(103,830)
(144,207)
Net current assets
374,682
401,117
Total assets less current liabilities
986,846
950,434
Provisions for liabilities
(141,299)
(115,587)
Net assets
845,547
834,847
Capital and reserves
Called up share capital
6
202
202
Profit and loss reserves
845,345
834,645
Total equity
845,547
834,847
STUART NICHOLS WASTE DISPOSAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
Mr S C Nichols
Mrs P Nichols
Director
Director
Mr P J Nichols
Director
Company registration number 05613601 (England and Wales)
STUART NICHOLS WASTE DISPOSAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 3 -
1
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
4
2
Accounting policies
Company information

Stuart Nichols Waste Disposal Limited is a private company limited by shares incorporated in England and Wales. The registered office is Highlands Farm, Upper Boddington, Daventry, Northants, NN11 6DW.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts, under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.
2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
5% / 15% straight line
Computer equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STUART NICHOLS WASTE DISPOSAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2
Accounting policies
(Continued)
- 4 -
2.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

STUART NICHOLS WASTE DISPOSAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
3
Tangible fixed assets
Plant and machinery
Computer equipment
Total
£
£
£
Cost
At 1 February 2024
1,153,112
2,565
1,155,677
Additions
196,704
-
0
196,704
Disposals
(52,066)
-
0
(52,066)
At 31 January 2025
1,297,750
2,565
1,300,315
Depreciation and impairment
At 1 February 2024
604,203
2,157
606,360
Depreciation charged in the year
107,918
102
108,020
Eliminated in respect of disposals
(26,229)
-
0
(26,229)
At 31 January 2025
685,892
2,259
688,151
Carrying amount
At 31 January 2025
611,858
306
612,164
At 31 January 2024
548,909
408
549,317
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
122,910
112,884
Other debtors
3,957
7,001
126,867
119,885
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,175
33,470
Taxation and social security
80,697
73,583
Other creditors
21,958
37,154
103,830
144,207
STUART NICHOLS WASTE DISPOSAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
Ordinary B Shares of £1 each
1
1
1
1
Ordinary C Shares of £1 each
1
1
1
1
Ordinary D Shares of £1 each
50
50
50
50
Ordinary E Shares of £1 each
50
50
50
50
202
202
202
202
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