IRIS Accounts Production v25.4.0.155 06974291 Board of Directors 1.6.24 31.5.25 31.5.25 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06974291 2024-05-31 06974291 2025-05-31 06974291 2024-06-01 2025-05-31 06974291 2023-05-31 06974291 2023-06-01 2024-05-31 06974291 2024-05-31 06974291 ns15:EnglandWales 2024-06-01 2025-05-31 06974291 ns14:PoundSterling 2024-06-01 2025-05-31 06974291 ns10:Director1 2024-06-01 2025-05-31 06974291 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 06974291 ns10:SmallEntities 2024-06-01 2025-05-31 06974291 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 06974291 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 06974291 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 06974291 ns10:AbridgedAccounts 2024-06-01 2025-05-31 06974291 ns10:Director2 2024-06-01 2025-05-31 06974291 ns10:RegisteredOffice 2024-06-01 2025-05-31 06974291 ns5:CurrentFinancialInstruments 2025-05-31 06974291 ns5:CurrentFinancialInstruments 2024-05-31 06974291 ns5:Non-currentFinancialInstruments 2025-05-31 06974291 ns5:Non-currentFinancialInstruments 2024-05-31 06974291 ns5:ShareCapital 2025-05-31 06974291 ns5:ShareCapital 2024-05-31 06974291 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 06974291 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 06974291 ns5:LeaseholdImprovements 2024-06-01 2025-05-31 06974291 ns5:PlantMachinery 2024-06-01 2025-05-31 06974291 ns5:MotorVehicles 2024-06-01 2025-05-31 06974291 ns5:ComputerEquipment 2024-06-01 2025-05-31 06974291 ns5:Subsidiary4 2024-06-01 2025-05-31 06974291 7 ns5:Subsidiary4 2024-06-01 2025-05-31 06974291 ns5:Subsidiary4 2025-05-31 06974291 ns5:Subsidiary4 2024-05-31 06974291 ns5:Subsidiary4 2023-06-01 2024-05-31 06974291 ns5:Subsidiary5 2024-06-01 2025-05-31 06974291 ns5:Subsidiary5 9 2024-06-01 2025-05-31 06974291 ns5:Subsidiary5 2025-05-31 06974291 ns5:Subsidiary5 2024-05-31 06974291 ns5:Subsidiary5 2023-06-01 2024-05-31 06974291 ns5:Subsidiary6 2024-06-01 2025-05-31 06974291 ns5:Subsidiary6 11 2024-06-01 2025-05-31 06974291 ns5:Subsidiary6 2025-05-31 06974291 ns5:Subsidiary6 2024-05-31 06974291 ns5:Subsidiary6 2023-06-01 2024-05-31 06974291 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-05-31 06974291 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-05-31 06974291 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-05-31 06974291 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-05-31 06974291 ns5:HirePurchaseContracts 2025-05-31 06974291 ns5:HirePurchaseContracts 2024-05-31 06974291 ns5:WithinOneYear 2025-05-31 06974291 ns5:WithinOneYear 2024-05-31 06974291 ns5:BetweenOneFiveYears 2025-05-31 06974291 ns5:BetweenOneFiveYears 2024-05-31 06974291 ns5:MoreThanFiveYears 2025-05-31 06974291 ns5:MoreThanFiveYears 2024-05-31 06974291 ns5:AllPeriods 2025-05-31 06974291 ns5:AllPeriods 2024-05-31 06974291 1 ns10:Director1 2024-05-31 06974291 1 ns10:Director1 2023-05-31 06974291 1 ns10:Director1 2024-06-01 2025-05-31 06974291 1 ns10:Director1 2023-06-01 2024-05-31 06974291 1 ns10:Director1 2025-05-31 06974291 1 ns10:Director1 2024-05-31

REGISTERED NUMBER: 06974291 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| NICHOLSON GROUP LTD |

| NICHOLSON GROUP LTD (REGISTERED NUMBER: 06974291) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| NICHOLSON GROUP LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Mrs M Nicholson

| Mr J W Nicholson

| REGISTERED OFFICE: | Burnside House

| Cambridge Road

| Middlesbrough

| TS3 8AG

| REGISTERED NUMBER: | 06974291 (England and Wales)

| ACCOUNTANTS: | Lyons & Co Ltd

| 23 Yarm Road

| Stockton on Tees

| TS18 3NJ

| NICHOLSON GROUP LTD (REGISTERED NUMBER: 06974291) |

ABRIDGED BALANCE SHEET

31 MAY 2025

| 31/5/25 | 31/5/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 308,626 |  | 345,317 |  |

Investments | 5 | 201 |  | 201 |  |

308,827 |  | 345,518 |  |

CURRENT ASSETS

Debtors | 14,845 |  | 4,452 |  |

Cash at bank | 14,345 |  | 4,729 |  |

29,190 |  | 9,181 |  |

CREDITORS

Amounts falling due within one year | 501,403 |  | 499,460 |  |

NET CURRENT LIABILITIES | (472,213 | ) | (490,279 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (163,386 | ) | (144,761 | ) |

CREDITORS

Amounts falling due after more than one year | - |  | (30,501 | ) |

PROVISIONS FOR LIABILITIES | (7,474 | ) | (7,877 | ) |

NET LIABILITIES | (170,860 | ) | (183,139 | ) |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,300 |  |

Retained earnings | (171,860 | ) | (184,439 | ) |

(170,860 | ) | (183,139 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

| NICHOLSON GROUP LTD (REGISTERED NUMBER: 06974291) |

ABRIDGED BALANCE SHEET - continued

31 MAY 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

Mrs M Nicholson - Director

| NICHOLSON GROUP LTD (REGISTERED NUMBER: 06974291) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Nicholson Group Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Leasehold improvements | - | 10% on cost

| Plant and machinery | - | 10% on reducing balance

| Motor vehicles | - | 33% on reducing balance

| Computer equipment | - | 33% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| NICHOLSON GROUP LTD (REGISTERED NUMBER: 06974291) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The director has carefully considered the position of the company at the balance sheet date and expected future cash flows and believes the company is a going concern. The company relies upon the financial support from other group companies to enable it to continue trading.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 656,440 |  |

| DEPRECIATION

| At 1 June 2024 | 311,123 |  |

| Charge for year | 36,691 |  |

| At 31 May 2025 | 347,814 |  |

| NET BOOK VALUE

| At 31 May 2025 | 308,626 |  |

| At 31 May 2024 | 345,317 |  |

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

| Totals

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 159,570 |  |

| DEPRECIATION

| At 1 June 2024 | 60,762 |  |

| Charge for year | 9,881 |  |

| At 31 May 2025 | 70,643 |  |

| NET BOOK VALUE

| At 31 May 2025 | 88,927 |  |

| At 31 May 2024 | 98,808 |  |

| NICHOLSON GROUP LTD (REGISTERED NUMBER: 06974291) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

5. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 201 |  |

| NET BOOK VALUE

| At 31 May 2025 | 201 |  |

| At 31 May 2024 | 201 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Box Clever Storage Solutions Ltd

| Registered office:

| Nature of business: Storage

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31/5/25 |  | 31/5/24

£ | £ |

| Aggregate capital and reserves | 138,915 |  | 145,917 |  |

| (Loss)/profit for the year | (7,002 | ) | 9,029 |  |

| Nicholsons Hi-ab Ltd

| Registered office:

| Nature of business: Hi-ab crane Hauliers

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31/5/25 |  | 31/5/24

£ | £ |

| Aggregate capital and reserves | 59,097 |  | 31,424 |  |

| Profit for the year | 27,673 |  | 55,530 |  |

| Burnside Distribution Ltd

| Registered office:

| Nature of business: E Commerce fulfilment

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31/5/25 |  | 31/5/24

£ | £ |

| Aggregate capital and reserves | 115,923 |  | 56,030 |  |

| Profit for the year | 59,893 |  | 53,769 |  |

| NICHOLSON GROUP LTD (REGISTERED NUMBER: 06974291) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

6. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31/5/25 |  | 31/5/24 |

£ | £ |

| Net obligations repayable:

| Within one year | 20,501 |  | 31,681 |  |

| Between one and five years | - |  | 20,501 |  |

20,501 |  | 52,182 |  |

| Non-cancellable |

| operating leases |

| 31/5/25 |  | 31/5/24

£ | £ |

| Within one year | 112,382 |  | 110,000 |  |

| Between one and five years | 440,000 |  | 440,000 |  |

| In more than five years | 119,167 |  | 229,167 |  |

671,549 |  | 779,167 |  |

7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

| 31/5/25 |  | 31/5/24

£ | £ |

| Mrs M Nicholson

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 5,000 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 5,000 |  | - |  |

| The loan was interest free and will be repaid on 28 February 2026..

8. | RELATED PARTY DISCLOSURES

| Under FRS102, related party disclosures with other wholly-owned members of the group need not be

| disclosed. Details of group companies are shown in the note above.

| Mrs M Nicholson and Mr J W Nicholson are also directors of other companies outside of the group.

| During the year the company recharged costs amounting to £72,409, £Nil, and £76,217 (2024 £45,673, £10,051, and £72,868.) to Burnside E-Commerce Fulfilment Ltd, Prospect House Investments Ltd, and The Qualis Collection Limited respectively.

| At the year end £30,790, £3,715 and £590 (2024 £30,790, £9,311 and £2,194) was owed by the company to J N Rusticus Ltd, , Burnside E-Commerce Fulfilment Ltd and The Qualis Collection Ltd respectively.

| NICHOLSON GROUP LTD (REGISTERED NUMBER: 06974291) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mrs M Nicholson.