REGISTERED NUMBER: 01273596 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

NIGEL HOLMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr SJ Wood

Mr JJ Clifford

SECRETARY:

REGISTERED OFFICE:

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

REGISTERED NUMBER:

01273596 (England and Wales)

ACCOUNTANTS:

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

FIXED ASSETS

Tangible assets

4

72,584

4,719

CURRENT ASSETS

Stocks

129,898

185,564

Debtors

5

38,183

2,883

Cash at bank and in hand

15,907

133,057

183,988

321,504

CREDITORS

Amounts falling due within one year

6

191,580

193,415

NET CURRENT (LIABILITIES)/ASSETS

(7,592

)

128,089

TOTAL ASSETS LESS CURRENT LIABILITIES

64,992

132,808

CREDITORS

Amounts falling due after more than one year

7

-

3,921

NET ASSETS

64,992

128,887

CAPITAL AND RESERVES

Called up share capital

9

5,004

5,004

Retained earnings

10

59,988

123,883

SHAREHOLDERS' FUNDS

64,992

128,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

Mr JJ Clifford - Director

Mr SJ Wood - Director

1.	STATUTORY INFORMATION

Nigel Holmes Limited 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 represents net invoiced sales of goods attributable to the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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 9 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2025

-

30,713

5,483

36,196

Additions

51,137

20,721

-

71,858

Disposals

-

(29,246

)

(4,182

)

(33,428

)

At 31 January 2026

51,137

22,188

1,301

74,626

DEPRECIATION

At 1 February 2025

-

27,455

4,022

31,477

Charge for year

-

98

58

156

Eliminated on disposal

-

(26,639

)

(2,952

)

(29,591

)

At 31 January 2026

-

914

1,128

2,042

NET BOOK VALUE

At 31 January 2026

51,137

21,274

173

72,584

At 31 January 2025

-

3,258

1,461

4,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

21,600

-

Tax

12,442

-

Prepayments

4,141

2,883

38,183

2,883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

3,520

10,000

Trade creditors

72,895

61,139

Amounts owed to group undertakings

78,000

-

Tax

-

12,442

Social security and other taxes

3,024

3,154

VAT

4,341

22,368

Other creditors

2,048

1,736

Directors' current accounts

-

77,414

Accruals and deferred income

27,752

5,162

191,580

193,415

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans - 1-2 years

-

3,921

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.26

31.1.25

£

£

Within one year

65,604

28,347

Between one and five years

103,873

16,250

169,477

44,597

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

5,004

Ordinary

£1

5,004

5,004

10.

RESERVES

Retained

earnings

£

At 1 February 2025

123,883

Deficit for the year

(63,895

)

At 31 January 2026

59,988

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

Mr N M Holmes

Balance outstanding at start of year

41,055

61,386

Amounts advanced

-

2,750

Amounts repaid

(41,055

)

(23,081

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

41,055

Mrs S Holmes

Balance outstanding at start of year

36,359

58,345

Amounts advanced

-

734

Amounts repaid

(36,359

)

(22,720

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

36,359

12.	RELATED PARTY DISCLOSURES

During the year DRD Equity Limited, the parent company, loaned the company £115,000. At the year end £78,000 was outstanding.

13.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of DRD Equity Limited incorporated in England.

There is no one controlling party.