NICHOL SMITH INVESTMENTS LTD

NICHOL SMITH INVESTMENTS LTD

Statement of Financial Position

As at 31 July 2025

	£	2025 £	£	2024 £
Fixed assets		17,681		24,318
Current assets	355,438		499,138
Creditors: amount falling due within one year	(248,117)		(322,227)
Net current assets/(liabilities)		107,321		176,911
Total assets less current liabilities		125,002		201,229
Creditors: amount falling due after more than one year		(123,195)		(253,418)
Net assets/(liabilities)		1,807		(52,189)


Capital and reserves		1,807		(52,189)

For the year ended 31 July 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 of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:

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Sophie Laura Mcskimming
Director

Date approved: 22 April 2026

NICHOL SMITH INVESTMENTS LTD

Notes to the Accounts

For the year ended 31 Jul 2025

Statutory Information

Nichol Smith Investments Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC635949, registration address 5 South Charlotte Street, Edinburgh, EH2 4AN, Scotland.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Straight Line
Motor Vehicles	15% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets

Cost or Valuation	Fixtures and Fittings	Motor Vehicles	Total
	£	£	£
At 01 August 2024	3,000	39,249	42,249
Additions	-	-	-
At 31 July 2025	3,000	39,249	42,249
Depreciation
At 01 August 2024	1,250	16,681	17,931
Charge for year	750	5,887	6,637
At 31 July 2025	2,000	22,568	24,568
Net book values
Closing balance as at 31 July 2025	1,000	16,681	17,681
Opening balance as at 01 August 2024	1,750	22,568	24,318

3.	Average number of employees Average number of employees during the year was 0 (2024: 1).