REGISTERED NUMBER: 04719438 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

A.G. NICHOLSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Andrew George Nicholson

REGISTERED OFFICE:

100 Haigh Lane

Haigh

Barnsley

South Yorkshire

S75 4DB

REGISTERED NUMBER:

04719438 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

16 Omega Business Village

Thurston Road

Northallerton

North Yorkshire

DL6 2NJ

FIXED ASSETS

Tangible assets

4

4,672,832

4,461,199

Investments

5

20

-

4,672,852

4,461,199

CURRENT ASSETS

Stocks

356,153

302,669

Debtors

6

491,262

814,770

Cash at bank

152

622

847,567

1,118,061

CREDITORS

Amounts falling due within one year

7

1,995,447

1,848,087

NET CURRENT LIABILITIES

(1,147,880

)

(730,026

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,524,972

3,731,173

CREDITORS

Amounts falling due after more than one year

8

(1,544,276

)

(1,795,650

)

PROVISIONS FOR LIABILITIES

(508,809

)

(476,082

)

NET ASSETS

1,471,887

1,459,441

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,471,787

1,459,341

1,471,887

1,459,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2025 and were signed by:

Andrew George Nicholson - Director

1.	STATUTORY INFORMATION

A.G. Nicholson 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Freehold property - 2% on cost/ Not depreciated

Office Equipment - 33% on straight line

Plant and machinery - 15% on reducing balance

Tractors - 15% on reducing balance

Motor vehicles - 20% on reducing balance

Government grants

Grants receivable in relation to profit and loss expenditure are credited to the profit and loss in the year for which they relate

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Biological assets, living plants and animals are included at the lower of cost and estimated selling

price less costs to sell

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

1,482,284

2,305,693

2,438,800

Additions

100,000

377,656

1,026,742

Disposals

-

(142,325

)

(896,407

)

At 31 March 2025

1,582,284

2,541,024

2,569,135

DEPRECIATION

At 1 April 2024

19,046

1,088,616

724,404

Charge for year

21,046

231,630

438,554

Eliminated on disposal

-

(91,450

)

(348,029

)

At 31 March 2025

40,092

1,228,796

814,929

NET BOOK VALUE

At 31 March 2025

1,542,192

1,312,228

1,754,206

At 31 March 2024

1,463,238

1,217,077

1,714,396

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

171,042

14,901

6,412,720

Additions

12,975

1,489

1,518,862

Disposals

-

-

(1,038,732

)

At 31 March 2025

184,017

16,390

6,892,850

DEPRECIATION

At 1 April 2024

105,621

13,834

1,951,521

Charge for year

15,683

1,063

707,976

Eliminated on disposal

-

-

(439,479

)

At 31 March 2025

121,304

14,897

2,220,018

NET BOOK VALUE

At 31 March 2025

62,713

1,493

4,672,832

At 31 March 2024

65,421

1,067

4,461,199

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

20

At 31 March 2025

20

NET BOOK VALUE

At 31 March 2025

20

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

446,947

744,023

Amounts owed by group undertakings

43,212

-

Other debtors

1,103

70,747

491,262

814,770

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

427,749

263,991

Hire purchase contracts (see note 9)

776,095

687,589

Trade creditors

528,816

804,108

Amounts owed to group undertakings

44,010

-

Taxation and social security

29,200

15,072

Other creditors

189,577

77,327

1,995,447

1,848,087

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

618,483

734,426

Hire purchase contracts (see note 9)

925,793

1,061,224

1,544,276

1,795,650

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

336,197

412,249

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

776,095

687,589

Between one and five years

925,793

1,061,224

1,701,888

1,748,813

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

363,168

151,459

Bank loans

683,064

846,958

Hire purchase contracts

1,701,888

1,748,813

2,748,120

2,747,230

Bank loan and overdraft facility is secured over the freehold property and other assets.

The obligations under finance leases and hire purchase contracts are secured by a charge on the

assets purchased under these agreements.

11.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are

held separately from those of the company in an independently administered fund. The pension

costs represents contributions payable by the company to the fund and amounted to £11,317 (2024:

£6,820). Contribution's totalling £1,104 (2024: £551) were payable to the fund at the year end and are included in creditors.