Nicwood Logistics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 8864412

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		498,872		548,746

			498,872		548,746
CURRENT ASSETS
Debtors	5	1,356,723		1,195,476
Cash at bank and in hand		366,319		292,404

		1,723,042		1,487,880
Creditors: Amounts Falling Due Within One Year	6	(744,416 )		(659,871 )

NET CURRENT ASSETS (LIABILITIES)			978,626		828,009

TOTAL ASSETS LESS CURRENT LIABILITIES			1,477,498		1,376,755

Creditors: Amounts Falling Due After More Than One Year	7		(16,857 )		-

PROVISIONS FOR LIABILITIES
Provisions For Charges			(39,717 )		(39,717 )
Deferred Taxation			(120,605 )		(95,926 )

NET ASSETS			1,300,319		1,241,112

CAPITAL AND RESERVES
Called up share capital	9		4		4
Profit and Loss Account			1,300,315		1,241,108

SHAREHOLDERS' FUNDS			1,300,319		1,241,112

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Nicwood Logistics Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Adrian Nicholas

Director

31/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Nicwood Logistics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8864412 . The registered office is Barclay House, 35 Borough Road, Burton on Trent, Staffordshire, DE14 2DA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on the reducing balance basis
Motor Vehicles	25% on the reducing balance basis
Leased vehicles	25% on the reducing balance basis

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Nicwood Logistics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	5	5
Sales, marketing and distribution	30	29

	35	34

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Leased vehicles	Total
	£	£	£	£
Cost
As at 1 February 2024	745,667	291,278	78,000	1,114,945
Additions	268,224	4,500	-	272,724
Disposals	(194,615 )	(46,775 )	(39,000 )	(280,390 )

As at 31 January 2025	819,276	249,003	39,000	1,107,279

Depreciation
As at 1 February 2024	344,244	187,830	34,125	566,199
Provided during the period	134,904	23,052	5,484	163,440
Disposals	(88,354 )	(15,815 )	(17,063 )	(121,232 )

As at 31 January 2025	390,794	195,067	22,546	608,407

Net Book Value
As at 31 January 2025	428,482	53,936	16,454	498,872

As at 1 February 2024	401,423	103,448	43,875	548,746

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,160,786	967,579
Prepayments and accrued income	185,195	148,293
Other debtors	1,900	1,900
Tenants improvements	8,838	8,838
Corporation tax recoverable assets	-	24,114
Net wages	-	3,204

...CONTINUED

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Nicwood Logistics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Directors' loan accounts	-	21,300
Called up share capital not paid	4	4
Amounts owed by other participating interests	-	20,244

	1,356,723	1,195,476

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	77,537	115
Trade creditors	475,613	542,381
Corporation tax	37,378	-
Other taxes and social security	20,810	17,407
VAT	93,674	12,905
Net wages	6,453	-
Other creditors	(6,762 )	9,241
Accruals and deferred income	39,011	77,822
Directors' loan accounts	360	-
Amounts owed to other participating interests	342	-

	744,416	659,871

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,857	-

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	77,537	115
Later than one year and not later than five years	16,857	-

	94,394	115

	94,394	115

9. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	4	4

Amount of Allotted, Called Up Share Capital	4	4

	2025	2024
Allotted, called up and fully paid	£	£
4 Ordinary Shares of £ 1.000 each	4	4

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Nicwood Logistics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2025
	£	£	£	£	£
Mr Adrian Nicholas	21,300	-	21,300	-	-

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2025	2024
	£	£
Mr Adrian Nicholas	30,000	100,000
Mr Gary Woodward	30,000	100,000

11. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	120,000	400,000

12. Ultimate Controlling Party

The company does not have an ultimate controlling party.

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