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Registration number: 06181251

Nick Hanson Associates Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Nick Hanson Associates Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Nick Hanson Associates Limited

Company Information

Directors | Mr N J R Hanson Mrs C Y Z Hanson

Registered office | 9 Lakeland Drive Whalley Clitheroe Lancashire BB7 9XD

Nick Hanson Associates Limited

(Registration number: 06181251)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 6,169 | 8,635
Tangible assets | 5 | 20,989 | 15,573
|  | 27,158 | 24,208
Current assets |  |  |
Stocks | 6 | 5,636 | 5,553
Debtors | 7 | 3,623 | 4,543
Cash at bank and in hand |  | 45,573 | 45,400
|  | 54,832 | 55,496
Creditors: Amounts falling due within one year | 8 | (28,079) | (24,998)
Net current assets |  | 26,753 | 30,498
Total assets less current liabilities |  | 53,911 | 54,706
Creditors: Amounts falling due after more than one year | 8 | (33,742) | (34,611)
Provisions for liabilities |  | (2,104) | (2,048)
Net assets |  | 18,065 | 18,047
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 17,965 | 17,947
Shareholders' funds |  | 18,065 | 18,047

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Nick Hanson Associates Limited

(Registration number: 06181251)
Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 19 April 2026 and signed on its behalf by:

Mr N J R Hanson Director
Mrs C Y Z Hanson Director

Nick Hanson Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Lakeland Drive
Whalley
Clitheroe
Lancashire
BB7 9XD

These financial statements were authorised for issue by the Board on 19 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Nick Hanson Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of Retained Earnings, except to the extent that it relates to items recognised in the 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 at the balance sheet date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements that have originated but not reversed at the balance sheet date.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Tenants improvements | 25% reducing balance
Office equipment | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Nick Hanson Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Nick Hanson Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

Nick Hanson Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2025 | 49,327 | 49,327
At 31 March 2026 | 49,327 | 49,327
Amortisation
At 1 April 2025 | 40,692 | 40,692
Amortisation charge | 2,466 | 2,466
At 31 March 2026 | 43,158 | 43,158
Carrying amount
At 31 March 2026 | 6,169 | 6,169
At 31 March 2025 | 8,635 | 8,635

5 | Tangible assets

| Improvements to Property £ | Office equipment £ | Total £
Cost or valuation
At 1 April 2025 | 16,384 | 32,002 | 48,386
Additions | 8,040 | 2,598 | 10,638
At 31 March 2026 | 24,424 | 34,600 | 59,024
Depreciation
At 1 April 2025 | 9,003 | 23,810 | 32,813
Charge for the year | 2,850 | 2,372 | 5,222
At 31 March 2026 | 11,853 | 26,182 | 38,035
Carrying amount
At 31 March 2026 | 12,571 | 8,418 | 20,989
At 31 March 2025 | 7,381 | 8,192 | 15,573

Nick Hanson Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Stocks

| 2026 £ | 2025 £
Work in progress | 5,636 | 5,553

7 | Debtors

Current | 2026 £ | 2025 £
Prepayments | 3,623 | 4,543
| 3,623 | 4,543

8 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Taxation and social security | 27,116 | 23,883
Accruals and deferred income | 950 | 1,102
Other creditors | 13 | 13
| 28,079 | 24,998

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 10 | 33,742 | 34,611

Nick Hanson Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £0.10 each | 1,000 | 100 | 1,000 | 100

10 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Directors' Loan | 33,742 | 34,611