REGISTERED NUMBER: 01446133 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

John Nichol (Cars) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Nichol

SECRETARY:

Mrs S J Nichol

REGISTERED OFFICE:

14 Amherst Avenue

London

W13 8NQ

REGISTERED NUMBER:

01446133 (England and Wales)

ACCOUNTANTS:

Shaw Accounting Services Limited

14 Amherst Avenue

London

W13 8NQ

FIXED ASSETS

Tangible assets

4

247,730

240,255

CURRENT ASSETS

Stocks

37,678

40,669

Debtors

5

48,024

46,233

Cash at bank

458

48,022

86,160

134,924

CREDITORS

Amounts falling due within one year

6

156,561

169,907

NET CURRENT LIABILITIES

(70,401

)

(34,983

)

TOTAL ASSETS LESS CURRENT LIABILITIES

177,329

205,272

PROVISIONS FOR LIABILITIES

-

1,780

NET ASSETS

177,329

203,492

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

177,229

203,392

SHAREHOLDERS' FUNDS

177,329

203,492

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

J S Nichol - Director

1.	STATUTORY INFORMATION

John Nichol (Cars) 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 the value of sales to customers in the year excluding value added tax.

Tangible fixed assets

No depreciation is provided on the freehold building as the company follows a policy of continual renewal and maintenance of the building which the director believes has an economic life and residual value such that its depreciation is not significant.

Depreciation is provided on other tangible fixed assets on the reducing balance basis at 25% per annum in order to write off the cost over their estimated useful lives.

Stocks

Stocks are valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

229,909

97,535

327,444

Additions

-

13,408

13,408

Disposals

-

(75,000

)

(75,000

)

At 31 May 2025

229,909

35,943

265,852

DEPRECIATION

At 1 June 2024

-

87,189

87,189

Charge for year

-

5,933

5,933

Eliminated on disposal

-

(75,000

)

(75,000

)

At 31 May 2025

-

18,122

18,122

NET BOOK VALUE

At 31 May 2025

229,909

17,821

247,730

At 31 May 2024

229,909

10,346

240,255

The company's property is subject to a charge.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

48,024

46,233

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

130,891

121,890

Taxation and social security

12,226

41,626

Other creditors

13,444

6,391

156,561

169,907

7.	SECURED BORROWINGS

The balance due to the company's supplier of petrol and oil is secured by a charge over the company's property.

8.	CONROL OF COMPANY

The company is controlled by J S Nichol.