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Registered number: 04475088
Nichols & Co (Accountancy) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Nichols & Co (Accountancy) Limited
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr S Nichols
Secretary Mrs L Nichols
Company Number 04475088
Registered Office Unit 7, Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR
Accountants Nichols & Co (Accountancy) Limited
7 Pinnell Road
London
SE9 6AR
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Balance Sheet
Registered number: 04475088
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 22,011 25,218
22,011 25,218
CURRENT ASSETS
Stocks 118,401 117,761
Debtors 6 721,626 320,835
Cash at bank and in hand 30,708 275,772
870,735 714,368
Creditors: Amounts Falling Due Within One Year 7 (425,510 ) (397,389 )
NET CURRENT ASSETS (LIABILITIES) 445,225 316,979
TOTAL ASSETS LESS CURRENT LIABILITIES 467,236 342,197
PROVISIONS FOR LIABILITIES
Provisions For Charges - (1,894 )
NET ASSETS 467,236 340,303
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 467,136 340,203
SHAREHOLDERS' FUNDS 467,236 340,303
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr S Nichols
Director
27/08/2026
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nichols & Co (Accountancy) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04475088 . The registered office is Unit 7, Mulberry Place, Pinnell Road, Eltham, London, SE9 6AR.
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, excluding discounts, rebates,
value added tax and other sales taxes.
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 the profit and loss account over its estimated economic life of 5 years.
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:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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.
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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 11)
9 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 447,000
As at 31 December 2025 447,000
Amortisation
As at 1 January 2025 447,000
As at 31 December 2025 447,000
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 28,351 15,333 97,470 141,154
Additions - - 4,128 4,128
As at 31 December 2025 28,351 15,333 101,598 145,282
Depreciation
As at 1 January 2025 15,568 12,797 87,571 115,936
Provided during the period 3,195 634 3,506 7,335
As at 31 December 2025 18,763 13,431 91,077 123,271
Net Book Value
As at 31 December 2025 9,588 1,902 10,521 22,011
As at 1 January 2025 12,783 2,536 9,899 25,218
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 433,089 170,012
Other debtors 288,537 150,823
721,626 320,835
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,761 25,554
Other loans 29,166 79,167
Other creditors 8,148 43,910
Taxation and social security 380,435 248,758
425,510 397,389
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 500,000 300,000
10. Related Party Transactions
At the year end the company was owed £258,500 by Nichols RBF Limited. At the 31st December 2024 the company owed Nichols RBF Limited  £5,000.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr S Nichols by virtue of his ownership of the issued share capital in the holding company, Nichols RBF Limited, Company number 04249655.
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