Company registration number: 08190072
Annual report and unaudited financial statements
for the year ended 31 October 2025
for
CR & AR Nicholls Limited
Pages for filing with the Registrar
Company registration number: 08190072
CR & AR Nicholls Limited
Balance sheet
as at 31 October 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 227,500 260,000
Tangible assets 5 9,375 11,108
236,875 271,108
Current assets
Stocks 53,959 51,604
Debtors 6 118,558 114,378
Cash at bank and in hand 96,257 101,570
268,774 267,552
Creditors: amounts falling due within one
year 		7 (218,544) (270,437)
Net current assets/(liabilities) 50,230 (2,885)
Total assets less current liabilities 287,105 268,223
Provisions for liabilities (2,484) (3,023)
NET ASSETS 284,621 265,200
Capital and reserves
Called up share capital 2 2
Profit and loss account 284,619 265,198
TOTAL EQUITY 284,621 265,200
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08190072
CR & AR Nicholls Limited
Balance sheet - continued
as at 31 October 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 June 2026 and signed on its behalf by:
Mr C Nicholls, Director
22 June 2026
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CR & AR Nicholls Limited
Notes to the financial statements
for the year ended 31 October 2025
1 Company information
CR & AR Nicholls Limited is a private company registered in England and Wales. Its registered number is 08190072. The company is limited by shares. Its registered office is Hadlow Pharmacy, The Square, Hadlow, Kent, TN11 0DA.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 5% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 15% reducing balance
Computer equipment - 25% reducing balance
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CR & AR Nicholls Limited
Notes to the financial statements - continued
for the year ended 31 October 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 13 (2024 - 9).
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CR & AR Nicholls Limited
Notes to the financial statements - continued
for the year ended 31 October 2025
4 Intangible assets
Goodwill
£
Cost
At 1 November 2024 650,000
At 31 October 2025 650,000
Amortisation
At 1 November 2024 390,000
Charge for year 32,500
At 31 October 2025 422,500
Net book value
At 31 October 2025 227,500
At 31 October 2024 260,000
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 November 2024 30,348
Additions 1,166
At 31 October 2025 31,514
Depreciation
At 1 November 2024 19,240
Charge for year 2,899
At 31 October 2025 22,139
Net book value
At 31 October 2025 9,375
At 31 October 2024 11,108
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CR & AR Nicholls Limited
Notes to the financial statements - continued
for the year ended 31 October 2025
6 Debtors
2025 2024
£ £
Trade debtors 98,260 88,803
Taxation 13,302 13,228
Other debtors 5,632 9,469
Prepayments and accrued income 1,364 2,878
118,558 114,378
7 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 172,589 177,071
Other creditors 27,952 68,347
Taxation 14,048 20,146
Social security and other tax 1,560 2,578
Accruals and deferred income 2,395 2,295
218,544 270,437
8 Related party transactions
Included within other creditors are loans from the directors totalling £27,952 (2024 - £68,347) who have stated that this amount is given to the company free of interest, and is repayable on demand.
9 Off-balance sheet arrangements
Future rental service agreement commitments falling due within 1 year total £28,000 (2024 - £24,000).
10 Controlling party
The company is controlled by the directors by virtue of their shareholding.
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