NICHOLSON & KEEP LIMITED - Filleted accounts

Registered number

08466390

NICHOLSON & KEEP LIMITED

Filleted Accounts

31 March 2026

NICHOLSON & KEEP LIMITED
Registered number:			08466390
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		617,400			705,600

Current assets
Stocks		69,626			79,704
Debtors	5	171,550			120,578
Cash at bank and in hand		289,494			322,820
		530,670			523,102

Creditors: amounts falling due within one year	6	(296,191)			(381,157)

Net current assets			234,479			141,945

Total assets less current liabilities			851,879			847,545

Creditors: amounts falling due after more than one year	7		(125,000)			(150,000)



Net assets			726,879			697,545

Capital and reserves
Called up share capital			100			100
Profit and loss account			726,779			697,445

Shareholders' funds			726,879			697,545

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Shah
Director
Approved by the board on 5 August 2026

NICHOLSON & KEEP LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	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:

	Goodwill	over 20 years
	Fixtures, fittings, tools and equipment	25% straight line

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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			9		9


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2025					1,764,000
	At 31 March 2026					1,764,000

	Amortisation
	At 1 April 2025					1,058,400
	Provided during the year					88,200
	At 31 March 2026					1,146,600

	Net book value
	At 31 March 2026					617,400
	At 31 March 2025					705,600

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	137,414		27,789		165,203
	Additions	5,942		-		5,942
	At 31 March 2026	143,356		27,789		171,145

	Depreciation
	At 1 April 2025	137,414		27,789		165,203
	Charge for the year	5,942		-		5,942
	At 31 March 2026	143,356		27,789		171,145

	Net book value
	At 31 March 2026	-		-		-


5	Debtors			2026		2025
£					£

	Trade debtors			152,518		105,831
	Other debtors - vat			19,032		14,747
				171,550		120,578


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			160,806		225,188
	Directors and family accounts			70,572		94,022
	Taxes and social security costs			64,813		61,947
				296,191		381,157


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Directors and family loans			125,000		150,000


8	Other information

	NICHOLSON & KEEP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	1 The Parade
	Valley Drive
	Gravesend
	Kent
	DA12 5RT