Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 SC114070 Mr John Nicol Mr W McGuinness Mrs Laura Lane Mrs Agnes Nicol Nicol Boilers Holdings Ltd. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC114070 2024-11-30 SC114070 2025-11-30 SC114070 2024-12-01 2025-11-30 SC114070 frs-core:CurrentFinancialInstruments 2025-11-30 SC114070 frs-core:Non-currentFinancialInstruments 2025-11-30 SC114070 frs-core:ComputerEquipment 2025-11-30 SC114070 frs-core:ComputerEquipment 2024-12-01 2025-11-30 SC114070 frs-core:ComputerEquipment 2024-11-30 SC114070 frs-core:FurnitureFittings 2025-11-30 SC114070 frs-core:FurnitureFittings 2024-12-01 2025-11-30 SC114070 frs-core:FurnitureFittings 2024-11-30 SC114070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-11-30 SC114070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-01 2025-11-30 SC114070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 SC114070 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-11-30 SC114070 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 SC114070 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 SC114070 frs-core:MotorVehicles 2025-11-30 SC114070 frs-core:MotorVehicles 2024-12-01 2025-11-30 SC114070 frs-core:MotorVehicles 2024-11-30 SC114070 frs-core:PlantMachinery 2025-11-30 SC114070 frs-core:PlantMachinery 2024-12-01 2025-11-30 SC114070 frs-core:PlantMachinery 2024-11-30 SC114070 frs-core:ShareCapital 2025-11-30 SC114070 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 SC114070 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC114070 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 SC114070 frs-bus:SmallEntities 2024-12-01 2025-11-30 SC114070 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 SC114070 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 SC114070 1 2024-12-01 2025-11-30 SC114070 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-11-30 SC114070 frs-core:UnlistedNon-exchangeTraded 2025-11-30 SC114070 frs-core:UnlistedNon-exchangeTraded 2024-11-30 SC114070 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-11-30 SC114070 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2025-11-30 SC114070 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-11-30 SC114070 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-11-30 SC114070 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-11-30 SC114070 frs-bus:Director1 2024-12-01 2025-11-30 SC114070 frs-bus:Director2 2024-12-01 2025-11-30 SC114070 frs-bus:Director3 2024-12-01 2025-11-30 SC114070 frs-bus:Director4 2024-12-01 2025-11-30 SC114070 frs-countries:Scotland 2024-12-01 2025-11-30 SC114070 2023-11-30 SC114070 2024-11-30 SC114070 2023-12-01 2024-11-30 SC114070 frs-core:CurrentFinancialInstruments 2024-11-30 SC114070 frs-core:Non-currentFinancialInstruments 2024-11-30 SC114070 frs-core:ShareCapital 2024-11-30 SC114070 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC114070 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-11-30
Registered number: SC114070
Nicol Boilers Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Nicol Boilers Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Nicol Boilers Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: SC114070

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,393,293 |  | 2,130,768
Investments | 5 |  | 129,113 |  | 130,055
|  |  | 2,522,406 |  | 2,260,823
CURRENT ASSETS
Stocks | 6 | 103,879 |  | 106,919 |
Debtors | 7 | 655,696 |  | 675,778 |
Cash at bank and in hand |  | 526,471 |  | 550,100 |
|  | 1,286,046 |  | 1,332,797 |
Creditors: Amounts Falling Due Within One Year | 8 | (516,315 ) |  | (339,606 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 769,731 |  | 993,191
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,292,137 |  | 3,254,014
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (262,731 ) |  | (232,655 )
NET ASSETS |  |  | 3,029,406 |  | 3,021,359
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 3,028,406 |  | 3,020,359
SHAREHOLDERS' FUNDS |  |  | 3,029,406 |  | 3,021,359

Page 1
Page 2
Nicol Boilers Limited
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Laura Lane Director
09/02/2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Nicol Boilers Limited
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Nicol Boilers Limited is a private company, limited by shares, incorporated in Scotland, registered number SC114070 . The registered office is High Street Industrial Estate, Shotts, Lanarkshire, ML7 5DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 2% on Cost
Assets Under Construction | 0%
Plant & Machinery | 25% Reducing Balance
Motor Vehicles | 25% Reducing Balance
Fixtures & Fittings | 25% Reducing Balance
Computer Equipment | 0%

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
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Nicol Boilers Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.6. Financial Instruments
The company only has basic financial instruments.
Short term debtors are measured at transaction price, less any impairment. Loans recievable are measured initialy at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of trasaction costs, and are measured subsequently at amortised cost ussing the effective interest method.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2024: 28)
29 28
Page 4
Page 5
Nicol Boilers Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Assets Under Construction | Plant & Machinery | Motor Vehicles
| £ | £ | £ | £
Cost
As at 1 December 2024 | 1,454,512 | 218,295 | 342,547 | 1,123,858
Additions | 2,375 | 179,356 | 30,675 | 802,699
Disposals | - | - | (49,891 ) | (626,306 )
As at 30 November 2025 | 1,456,887 | 397,651 | 323,331 | 1,300,251
Depreciation
As at 1 December 2024 | 469,549 | - | 247,106 | 326,205
Provided during the period | 29,118 | - | 23,525 | 171,275
Disposals | - | - | (24,689 ) | (114,482 )
As at 30 November 2025 | 498,667 | - | 245,942 | 382,998
Net Book Value
As at 30 November 2025 | 958,220 | 397,651 | 77,389 | 917,253
As at 1 December 2024 | 984,963 | 218,295 | 95,441 | 797,653

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2024 | 56,095 | 15,891 | 3,211,198
Additions | 5,423 | 10,000 | 1,030,528
Disposals | (9,374 ) | - | (685,571 )
As at 30 November 2025 | 52,144 | 25,891 | 3,556,155
Depreciation
As at 1 December 2024 | 37,570 | - | 1,080,430
Provided during the period | 5,021 | - | 228,939
Disposals | (7,336 ) | - | (146,507 )
As at 30 November 2025 | 35,255 | - | 1,162,862
Net Book Value
As at 30 November 2025 | 16,889 | 25,891 | 2,393,293
As at 1 December 2024 | 18,525 | 15,891 | 2,130,768

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Page 6
Nicol Boilers Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
Cost or valuation as at 30 November 2025 represented by:

| Land & Property
--- | ---
| Freehold | Assets Under Construction | Plant & Machinery | Motor Vehicles
| £ | £ | £ | £
At cost | 1,456,887 | 397,651 | 323,331 | 1,300,251
| 1,456,887 | 397,651 | 323,331 | 1,300,251

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
At cost | 52,144 | 25,891 | 3,556,155
| 52,144 | 25,891 | 3,556,155

5. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 December 2024 | 130,055
Disposals | (942 )
As at 30 November 2025 | 129,113
Provision
As at 1 December 2024 | -
As at 30 November 2025 | -
Net Book Value
As at 30 November 2025 | 129,113
As at 1 December 2024 | 130,055

Fixed Asset Investments were valued on an open market basis on 30 November 2024 by J M Nicol, Director.
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 103,879 |  | 106,919

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Nicol Boilers Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 614,034 |  | 615,643
Prepayments and accrued income | 19,267 |  | 22,964
Other debtors < 1 Year | 3,413 |  | 3,265
VAT | - |  | 11,571
| 636,714 |  | 653,443
Due after more than one year
Other debtors >1 Year | 18,982 |  | 22,335
| 655,696 |  | 675,778

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 154,171 |  | 127,047
Corporation tax | 88,603 |  | 142,303
Other taxes and social security | 46,273 |  | 42,844
VAT | 199,510 |  | -
Accruals and deferred income | 26,640 |  | 25,386
Directors' loan accounts | 1,118 |  | 2,026
| 516,315 |  | 339,606

9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accelerated capital allowances | 262,731 |  | 232,655

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

11. Ultimate Controlling Party
The immediate and ultimate parent undertaking and controlling party is Nicol Boilers Holdings Limited. The registered office of Nicol Boilers Holdings Limited is High Street Industrial Estate, Shotts, Lanarkshire ML7 5DR.
The shares in Nicol Boilers Holdings Ltd are owned by Mrs Laura Lane, Mrs Agnes Nicol, Mr John Nicol and Mr Stuart Nicol.
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