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Registered number: SC649453
Nicsim Ltd
Financial Statements
For The Year Ended 31 January 2026
Gillespie's
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Nicsim Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Nicsim Ltd
Balance Sheet
As At 31 January 2026
Balance Sheet
Registered number: SC649453

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 21,811 |  | 27,416
Tangible Assets | 5 |  | 44,971 |  | 57,796
|  |  | 66,782 |  | 85,212
CURRENT ASSETS
Stocks | 6 | 9,000 |  | 5,500 |
Debtors | 7 | 80,460 |  | 90,126 |
Cash at bank and in hand |  | 123,366 |  | 47,238 |
|  | 212,826 |  | 142,864 |
Creditors: Amounts Falling Due Within One Year | 8 | (261,585 ) |  | (212,975 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (48,759 ) |  | (70,111 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 18,023 |  | 15,101
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (10,118 ) |  | (13,004 )
NET ASSETS |  |  | 7,905 |  | 2,097
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 7,805 |  | 1,997
SHAREHOLDERS' FUNDS |  |  | 7,905 |  | 2,097

Page 1
Page 2
Nicsim Ltd
Balance Sheet (continued)
As At 31 January 2026
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Nicoleta Cozma Director | Mr Alan Berwick Director
18th July 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Nicsim Ltd
Notes to the Financial Statements
For The Year Ended 31 January 2026
Notes to the Financial Statements
1. General Information
Nicsim Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC649453 . The registered office is 62D Carnegie Place, Perth, PH1 5ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. They are amortised to profit and loss account over their estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | -
Plant & Machinery | 33% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 33% reducing balance

2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Page 4
Nicsim Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
2.7. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2026 |  | 2025
--- | --- | --- | ---
Office and administration | 13 |  | 11
Directors | 2 |  | 2
| 15 |  | 13

4. Intangible Assets

| Goodwill | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2025 | 54,403 | 1,325 | 55,728
As at 31 January 2026 | 54,403 | 1,325 | 55,728
Amortisation
As at 1 February 2025 | 27,202 | 1,110 | 28,312
Provided during the period | 5,440 | 165 | 5,605
As at 31 January 2026 | 32,642 | 1,275 | 33,917
Net Book Value
As at 31 January 2026 | 21,761 | 50 | 21,811
As at 1 February 2025 | 27,201 | 215 | 27,416

Page 4
Page 5
Nicsim Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
5. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2025 | 916 | 174,817 | 175,733
Additions | - | 2,185 | 2,185
As at 31 January 2026 | 916 | 177,002 | 177,918
Depreciation
As at 1 February 2025 | 731 | 117,206 | 117,937
Provided during the period | 61 | 14,949 | 15,010
As at 31 January 2026 | 792 | 132,155 | 132,947
Net Book Value
As at 31 January 2026 | 124 | 44,847 | 44,971
As at 1 February 2025 | 185 | 57,611 | 57,796

6. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 9,000 |  | 5,500

7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 3,152 |  | 12,818
Other debtors | 77,308 |  | 77,308
| 80,460 |  | 90,126

8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 2,087 |  | 2,579
Other loans | 51,609 |  | -
Other taxes and social security | 16,447 |  | 3,495
VAT | 8,264 |  | 3,051
Inter company loan account | 111,700 |  | 111,700
Customer deposits | 10,055 |  | 17,823
Bounce Back Loan within one year | 206 |  | 10,422
Accruals and deferred income | 3,112 |  | 3,300
Directors' loan accounts | 58,105 |  | 60,605
| 261,585 |  | 212,975

Page 5
Page 6
Nicsim Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2026
9. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:

| As at 1 February 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2026
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mrs Nicoleta Cozma | 32,184 | (10,000 ) | 10,000 | - | 32,184
Mr Alan Berwick | 28,421 | (10,000 ) | 7,500 | - | 25,921

The above loans are unsecured, interest free and repayable on demand.
11. Related Party Transactions
Cozber Holdings LimitedInter company transactionsIncluded within Debtors is an amount due from Cozber Holdings Limited of £65,608 (£65,608 - 2025). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Cozber Holdings Limited and hold all of the share capital.

Cozber Holdings Limited

Inter company transactions

Included within Debtors is an amount due from Cozber Holdings Limited of £65,608 (£65,608 - 2025). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Cozber Holdings Limited and hold all of the share capital.

Cozber LtdInter company transactionsIncluded within Debtors is an amount due from Cozber Ltd of £11,700 (£11,700 - 2025). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Cozber Ltd and hold all of the share capital.

Cozber Ltd

Inter company transactions

Included within Debtors is an amount due from Cozber Ltd of £11,700 (£11,700 - 2025). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Cozber Ltd and hold all of the share capital.

Bercoz Properties Ltd.Inter company transactionsIncluded within Creditors is an amount due to Bercoz Properties Ltd. of £111,700 (£111,700 - 2024). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Bercoz Properties Ltd. and hold all of the share capital.

Bercoz Properties Ltd.

Inter company transactions

Included within Creditors is an amount due to Bercoz Properties Ltd. of £111,700 (£111,700 - 2024). Alan Berwick and Nicoleta Camelia Cozma are joint shareholders of Bercoz Properties Ltd. and hold all of the share capital.

12. Ultimate Controlling Party
The company's ultimate controlling parties are Alan Berwick and Nicoleta Camelia Cozma by virtue of their joint ownership of 100% of the issued share capital in the company.
Page 6