Nichols & Co (Accounting) LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC422763

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		281,020		281,020
Tangible Assets	5		-		59,422

			281,020		340,442
CURRENT ASSETS
Stocks	6	272,733		216,735
Debtors	7	364,704		205,130
Cash at bank and in hand		2,432		(745 )

		639,869		421,120
Creditors: Amounts Falling Due Within One Year	8	(382,559 )		(303,644 )

NET CURRENT ASSETS (LIABILITIES)			257,310		117,476

TOTAL ASSETS LESS CURRENT LIABILITIES			538,330		457,918

Creditors: Amounts Falling Due After More Than One Year	9		(4,167 )		(13,333 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			534,163		444,585

REPRESENTED BY:
Loans and other debts due to members
Other amounts		184,019		112,870

			184,019		112,870

Equity
Members' other interests
Members' capital		350,144		331,715

			350,144		331,715

			534,163		444,585

TOTAL MEMBERS' INTEREST
Amounts due from members			(99,698)		-
Loans and other debts due to members			184,019		112,870
Members' other interests			350,144		331,715

			434,465		444,585

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Nichols & Co (Accounting) LLP

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr S Nichols

Designated Member

02/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Nichols & Co (Accounting) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC422763 . 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 are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

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 the profit and loss account over its estimated economic life of .... 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:

Motor Vehicles	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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 4 (2024: 4)

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Nichols & Co (Accounting) LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	281,020

As at 31 December 2025	281,020

Net Book Value
As at 31 December 2025	281,020

As at 1 January 2025	281,020

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 January 2025	60,011
Disposals	(59,422 )

As at 31 December 2025	589

Depreciation
As at 1 January 2025	589

As at 31 December 2025	589

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	59,422

6. Stocks

	2025	2024
	£	£
Work in progress	272,733	216,735

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	253,823	204,624
Other debtors	110,881	506

	364,704	205,130

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Nichols & Co (Accounting) LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,749	11,700
Other creditors	348,096	243,530
Taxation and social security	31,714	48,414

	382,559	303,644

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	4,167	13,333

10. Loans and Other Debts Due to Members

The amounts due to members in respect of their profits for the year are included within Loans and other debts due to members.

In the event of a winding up of the company, amounts due to members rank above unsecured creditors.

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