NIXONS OF MARYPORT LIMITED


Directors	NIXON, Barbara Elizabeth
	NIXON, Peter John


Company Secretary	NIXON, Claire Louise


Registered Address	38 Curzon Street
	Maryport
	Cumbria
	CA15 6LW


Registered Number	04601852 (England and Wales)

Statement of Financial Position
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		15,817		21,089
			15,817		21,089
Current assets
Stocks	5	94,019		122,578
Debtors		104,583		114,451
Cash at bank and on hand		4,199		4,547
		202,801		241,576
Creditors amounts falling due within one year	6	(215,864)		(236,411)
Net current assets (liabilities)			(13,063)		5,165
Total assets less current liabilities			2,754		26,254
Creditors amounts falling due after one year	7		(18,510)		(34,282)
Provisions for liabilities	9		(3,005)		(4,007)
Net assets			(18,761)		(12,035)
Capital and reserves
Called up share capital			10,000		10,000
Profit and loss account			(28,761)		(22,035)
Shareholders' funds			(18,761)		(12,035)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2025, and are signed on its behalf by:

NIXON, Peter John
Director
Registered Company No. 04601852

NIXONS OF MARYPORT LIMITED

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	12		14

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 February 24	60,000	60,000
At 31 January 25	60,000	60,000
Amortisation and impairment
At 01 February 24	60,000	60,000
At 31 January 25	60,000	60,000
Net book value
At 31 January 25	-	-
At 31 January 24	-	-

4.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 February 24	53,208	23,628	4,045	80,881
At 31 January 25	53,208	23,628	4,045	80,881
Depreciation and impairment
At 01 February 24	32,774	22,995	4,023	59,792
Charge for year	5,109	158	5	5,272
At 31 January 25	37,883	23,153	4,028	65,064
Net book value
At 31 January 25	15,325	475	17	15,817
At 31 January 24	20,434	633	22	21,089

5.	Stocks

	2025	2024
	£	£
Work in progress	-	13,000
Finished goods	94,019	109,578
Total	94,019	122,578

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	39,155	71,337
Bank borrowings and overdrafts	9,910	9,910
Taxation and social security	111,221	99,124
Finance lease and HP contracts	5,580	5,580
Other creditors	1,373	1,683
Accrued liabilities and deferred income	48,625	48,777
Total	215,864	236,411

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	4,015	14,207
Other creditors	14,495	20,075
Total	18,510	34,282

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	20,075		25,655

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	3,005	4,007
Total	3,005	4,007

10.	Share capital
	Sahe capital issued and fully paid: 10,000 Ordinary Shares