| Nicab Limited |
| Notes to the Accounts |
| for the year ended 30 April 2026 |
|
|
| 1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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|
Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
27 |
|
29 |
|
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|
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|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 May 2025 |
326,449 |
|
Additions |
2,005 |
|
At 30 April 2026 |
328,454 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2025 |
152,246 |
|
Charge for the year |
61,998 |
|
At 30 April 2026 |
214,244 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2026 |
114,210 |
|
At 30 April 2025 |
174,203 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
329,516 |
|
292,377 |
|
Other debtors |
35,943 |
|
26,854 |
|
|
|
|
|
|
365,459 |
|
319,231 |
|
|
|
|
|
|
|
|
|
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| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
12,351 |
|
4,420 |
|
Trade creditors |
411,893 |
|
416,823 |
|
Corporation tax |
65,100 |
|
60,086 |
|
Other taxes and social security costs |
89,666 |
|
48,901 |
|
Other creditors |
265,581 |
|
333,853 |
|
|
|
|
|
|
844,591 |
|
864,083 |
|
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| 6 |
Other information |
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Nicab Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
7 Silverstone Park |
|
Silverstone |
|
Towcester |
|
Northants |
|
NN12 8TJ |