1 April 2024 v2025.82.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP046838162024-04-012025-03-31046838162025-03-31046838162024-03-3104683816core:WithinOneYear2025-03-3104683816core:WithinOneYear2024-03-3104683816core:ShareCapital2025-03-3104683816core:ShareCapital2024-03-3104683816core:RetainedEarningsAccumulatedLosses2025-03-3104683816core:RetainedEarningsAccumulatedLosses2024-03-3104683816bus:Director12024-04-012025-03-3104683816bus:RegisteredOffice2024-04-012025-03-3104683816core:PlantMachinery2024-04-012025-03-3104683816core:OfficeEquipment2024-04-012025-03-3104683816core:MotorVehicles2024-04-012025-03-31046838162023-04-012024-03-3104683816core:NetGoodwill2025-03-3104683816core:PlantMachinery2025-03-3104683816core:PlantMachinery2024-04-0104683816core:PlantMachinery2024-03-310468381612024-04-012025-03-3104683816countries:EnglandWales2024-04-012025-03-3104683816bus:AuditExemptWithAccountantsReport2024-04-012025-03-3104683816bus:PrivateLimitedCompanyLtd2024-04-012025-03-3104683816bus:SmallEntities2024-04-012025-03-3104683816bus:FullAccounts2024-04-012025-03-31
Company registration number:
04683816
Nick Oldfield Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2025
Nick Oldfield Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Nick Oldfield Limited
Year ended
31 March 2025
As described on the statement of financial position, the Board of Directors of
Nick Oldfield Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2025
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Sutton & Co Accountants Limited
25 Park Street
Macclesfield
Cheshire
SK11 6SS
United Kingdom
Date:
16 December 2025
Nick Oldfield Limited
Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 6
54,336
 
72,644
 
Current assets    
Debtors 7
19,478
 
10,440
 
Cash at bank and in hand
430,675
 
584,963
 
450,153
 
595,403
 
Creditors: amounts falling due within one year 8
(62,892
 )
(44,531
 )
Net current assets
387,261
 
550,872
 
Total assets less current liabilities 441,597   623,516  
Provisions for liabilities -  
(13,802
 )
Net assets
441,597
 
609,714
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
441,497
 
609,614
 
Shareholders funds
441,597
 
609,714
 
For the year ending
31 March 2025
, 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
9 December 2025
, and are signed on behalf of the board by:
Mr Nicholas Mark Oldfield
Director
Company registration number:
04683816
Nick Oldfield Limited
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
25 Park Street
,
Macclesfield
,
Cheshire
,
SK11 6SS
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods and services is recognised when they are invoiced and legal title has passed.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% reducing balance
Office equipment
25% straight line
Motor vehicles
25% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. The pension charge represents amounts payable to the fund in respect of the year.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2
).

5 Intangible assets

Goodwill
£
Cost  
At
1 April 2024
and
31 March 2025
50,000
 
Amortisation  
At
1 April 2024
and
31 March 2025
50,000
 
Carrying amount  
At
31 March 2025
 -  
At 31 March 2024 -  

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
and
31 March 2025
117,876
 
Depreciation  
At
1 April 2024
45,232
 
Charge
18,308
 
At
31 March 2025
63,540
 
Carrying amount  
At
31 March 2025
54,336
 
At 31 March 2024
72,644
 

7 Debtors

20252024
££
Trade debtors
4,272
 
1,018
 
Other debtors
15,206
 
9,422
 
19,478
 
10,440
 

8 Creditors: amounts falling due within one year

20252024
££
Trade creditors
13,472
 
527
 
Taxation and social security
3,603
 
1,561
 
Other creditors
45,817
 
42,443
 
62,892
 
44,531
 

9 Guarantees and other financial commitments

The company operates a defined contribution pension scheme for the directors. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date there were no unpaid contributions (2024 - £nil).

10 Directors' advances, credit and guarantees

The loans from directors are repayable on demand and attract interest at 3% over bank base rate amounting to £2,368 (2024 - £2,633).