REGISTERED NUMBER: 09831533 (England and Wales)

Unaudited Financial Statements for the Year Ended 27 February 2025

for

Nicholson Flooring Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

71,977

57,114

CURRENT ASSETS

Stocks

500

500

Debtors

5

337,756

293,224

Cash at bank

25,827

-

364,083

293,724

CREDITORS

Amounts falling due within one year

6

318,968

217,663

NET CURRENT ASSETS

45,115

76,061

TOTAL ASSETS LESS CURRENT LIABILITIES

117,092

133,175

CREDITORS

Amounts falling due after more than one year

7

31,978

53,916

NET ASSETS

85,114

79,259

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

85,112

79,257

85,114

79,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by:

M Nicholson - Director

I Nicholson - Director

1.	STATUTORY INFORMATION

Nicholson Flooring Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09831533

Registered office:

The Workshop

Park View Mills

Raymond Street

Bradford

West Yorkshire

BD5 8DT

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.

Plant and machinery etc

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 28 February 2024

94,515

Additions

39,394

At 27 February 2025

133,909

DEPRECIATION

At 28 February 2024

37,401

Charge for year

24,531

At 27 February 2025

61,932

NET BOOK VALUE

At 27 February 2025

71,977

At 27 February 2024

57,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.2.25

27.2.24

£

£

Trade debtors

274,365

218,359

Other debtors

63,391

74,865

337,756

293,224

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.2.25

27.2.24

£

£

Bank loans and overdrafts

6,159

8,265

Hire purchase contracts

14,373

12,966

Trade creditors

187,492

114,328

Taxation and social security

105,312

69,599

Other creditors

5,632

12,505

318,968

217,663

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

27.2.25

27.2.24

£

£

Bank loans

4,500

10,659

Hire purchase contracts

27,478

43,257

31,978

53,916