Nicholas Mee & Company Limited

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

Registered number: 02828611

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		643,250		682,470

			643,250		682,470
CURRENT ASSETS
Stocks		1,298,302		1,242,282
Debtors		217,951		395,967
Cash at bank and in hand		2,295		6,056

		1,518,548		1,644,305
Creditors: Amounts Falling Due Within One Year		(944,106 )		(920,448 )

NET CURRENT ASSETS (LIABILITIES)			574,442		723,857

TOTAL ASSETS LESS CURRENT LIABILITIES			1,217,692		1,406,327

Creditors: Amounts Falling Due After More Than One Year			(758,609 )		(924,309 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(118,715 )		(118,715 )

NET ASSETS			340,368		363,303

CAPITAL AND RESERVES
Called up share capital	6		400,000		399,227
Revaluation reserve	7		252,088		252,088
Profit and Loss Account			(311,720 )		(288,012 )

SHAREHOLDERS' FUNDS			340,368		363,303

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Nicholas Mee & Company Limited

Abridged Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Nicholas Mee

Director

18/05/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Nicholas Mee & Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02828611 . The registered office is Essendonbury Farm, Hatfield Park Estate, Essendon Hill, Hertfordshire, AL9 6AF.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The financial statements have been prepared on the going concern basis which is dependent on the continued financial support of the directors and shareholders.

2.3. 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.

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Nicholas Mee & Company Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. 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:

Leasehold	Over the life of the lease
Plant & Machinery	20% on cost
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% on cost

Under FRS102 section 17 & 17.4 (a) & (b), The directors revalued certain specialist plant, machinery & equipment and furniture fixtures & fittings.

The revaluation was done by the directors of the company who have years of experience within the motor trade and of the specific motor brand.

The method and assumptions applied in estimating the items fair values were based on information obtained from trade journals and from other traders within the industry

The book value and revalued amounts at 31 December 2025 were as follows:

Plant & Equipment - Book Value Nil and Revalued amount £232,050

Furniture & Fixtures - Book Value Nil and Revalued amount £20,038

2.5. 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.

2.6. Taxation

Income 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.

...CONTINUED

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Nicholas Mee & Company Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 23 (2024: 22)

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 1 January 2025	1,482,620
Additions	35,285

As at 31 December 2025	1,517,905

Depreciation
As at 1 January 2025	800,150
Provided during the period	74,505

As at 31 December 2025	874,655

Net Book Value
As at 31 December 2025	643,250

As at 1 January 2025	682,470

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	48,812	65,082

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Nicholas Mee & Company Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
25,000 Ordinary C shares of £ 1 each	25,000	24,227

Preference Shares

	2025	2024
Allotted, called up and fully paid	£	£
375,000 Preference Shares of £ 1 each	375,000	375,000

7. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	252,088	(288,012 )
Loss for the year and total comprehensive income	-	(23,708 )

Arising on shares issued during the period	-	-

As at 31 December 2025	252,088	(311,720 )

8. Related Party Transactions

The company received a loan from Sarah Georgina Le Blanc which is secured by a debenture floating charge on all the property or undertaking of the company dated 27/12/2023. This loan is interest free for the current year and will be annually reviewed.

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