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Company Registration No. 11960334 (England and Wales)
Nicholls Car Sales Limited Unaudited accounts for the year ended 31 May 2025
Nicholls Car Sales Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Nicholls Car Sales Limited Company Information for the year ended 31 May 2025
Director
Lewis Nicholls
Company Number
11960334 (England and Wales)
Registered Office
Unit 1 Pinfold Lane Bridlington YO16 6XS
Accountants
Bernard Lister & Co Accountants Ltd 64 Hall Gate Doncaster DN1 3PB
- 3 -
Nicholls Car Sales Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
296,913
88,424
Current assets
Inventories
177,295
276,345
Cash at bank and in hand
119,725
142,456
297,020
418,801
Creditors: amounts falling due within one year
5
(269,767)
(198,893)
Net current assets
27,253
219,908
Net assets
324,166
308,332
Capital and reserves
Share premium
100
100
Profit and loss account
324,066
308,232
Shareholders' funds
324,166
308,332
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 January 2026 and were signed on its behalf by
Lewis Nicholls Director Company Registration No. 11960334
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Nicholls Car Sales Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Nicholls Car Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 11960334. The registered office is Unit 1 , Pinfold Lane, Bridlington, YO16 6XS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
88,424
-
88,424
Additions
205,647
3,790
209,437
At 31 May 2025
294,071
3,790
297,861
Depreciation
Charge for the year
-
948
948
At 31 May 2025
-
948
948
Net book value
At 31 May 2025
294,071
2,842
296,913
At 31 May 2024
88,424
-
88,424
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
41,619
31,552
VAT
194
-
Trade creditors
-
8,567
Taxes and social security
2,543
23,696
Other creditors
123,139
24,110
Loans from directors
102,272
110,968
269,767
198,893
- 5 -
Nicholls Car Sales Limited Notes to the Accounts for the year ended 31 May 2025
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -