REGISTERED NUMBER: SC562060 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nicholson Joinery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Nicholson

REGISTERED OFFICE:

c/o Neil Nisbet & Co.

2nd Floor, Thain House

226 Queensferry Road

Edinburgh

EH4 2BP

REGISTERED NUMBER:

SC562060 (Scotland)

ACCOUNTANTS:

Neil Nisbet & Co.

c/o Neil Nisbet & Co.

Thain House

226 Queensferry Road

Edinburgh

EH4 2BP

FIXED ASSETS

Tangible assets

4

39,556

44,311

CURRENT ASSETS

Stocks

45,046

63,691

Debtors

5

59,189

62,573

Cash at bank

18,934

19,934

123,169

146,198

CREDITORS

Amounts falling due within one year

6

108,405

144,745

NET CURRENT ASSETS

14,764

1,453

TOTAL ASSETS LESS CURRENT LIABILITIES

54,320

45,764

CREDITORS

Amounts falling due after more than one year

7

-

(6,990

)

PROVISIONS FOR LIABILITIES

(9,900

)

(11,050

)

NET ASSETS

44,420

27,724

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

44,419

27,723

SHAREHOLDERS' FUNDS

44,420

27,724

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

D Nicholson - Director

1.	STATUTORY INFORMATION

Nicholson Joinery Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

125,481

Additions

6,473

At 31 March 2025

131,954

DEPRECIATION

At 1 April 2024

81,170

Charge for year

11,228

At 31 March 2025

92,398

NET BOOK VALUE

At 31 March 2025

39,556

At 31 March 2024

44,311

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

110,939

DEPRECIATION

At 1 April 2024

76,015

Charge for year

8,731

At 31 March 2025

84,746

NET BOOK VALUE

At 31 March 2025

26,193

At 31 March 2024

34,924

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

42,113

59,497

Other debtors

17,076

3,076

59,189

62,573

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

7,000

13,267

Trade creditors

21,140

32,260

Taxation and social security

49,765

49,777

Other creditors

30,500

49,441

108,405

144,745

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

6,990

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D Nicholson

Balance outstanding at start of year

-

34,000

Amounts advanced

14,000

-

Amounts repaid

-

(34,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,000

-

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £38,256 were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D Nicholson.