REGISTERED NUMBER: 04133410 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

A & E NICHOLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D G Nichols

Mrs L I Nichols

R B Nichols

SECRETARY:

The William Marshall Partnership Limited

REGISTERED OFFICE:

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

REGISTERED NUMBER:

04133410 (England and Wales)

ACCOUNTANTS:

William Marshall & Co

Financial Accountants

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

295,248

298,850

295,248

298,850

CURRENT ASSETS

Stocks

6

44,792

45,433

Debtors

7

5,004

1,880

Cash at bank and in hand

21,378

28,398

71,174

75,711

CREDITORS

Amounts falling due within one year

8

37,067

43,018

NET CURRENT ASSETS

34,107

32,693

TOTAL ASSETS LESS CURRENT LIABILITIES

329,355

331,543

CAPITAL AND RESERVES

Called up share capital

9

50

50

Revaluation reserve

10

285,000

285,000

Retained earnings

10

44,305

46,493

SHAREHOLDERS' FUNDS

329,355

331,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2026 and were signed on its behalf by:

A D G Nichols - Director

1.	STATUTORY INFORMATION

A & E Nichols Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

30,000

AMORTISATION

At 1 February 2025

and 31 January 2026

30,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

Equipment

fittings

£

£

£

COST

At 1 February 2025

and 31 January 2026

285,000

3,437

4,460

DEPRECIATION

At 1 February 2025

-

2,101

4,430

Charge for year

-

334

7

At 31 January 2026

-

2,435

4,437

NET BOOK VALUE

At 31 January 2026

285,000

1,002

23

At 31 January 2025

285,000

1,336

30

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

41,966

2,823

337,686

DEPRECIATION

At 1 February 2025

29,711

2,594

38,836

Charge for year

3,064

197

3,602

At 31 January 2026

32,775

2,791

42,438

NET BOOK VALUE

At 31 January 2026

9,191

32

295,248

At 31 January 2025

12,255

229

298,850

Included in cost of land and buildings is freehold land of £ 285,000 (2025 - £ 285,000 ) which is not depreciated.

6.

STOCKS

2026

2025

£

£

Stocks

44,792

45,433

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,721

811

Directors' current accounts

1,738

-

Prepayments

1,545

1,069

5,004

1,880

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,632

4,367

Corporation tax

6,984

5,179

VAT

4,107

4,205

Other creditors

1,952

3,477

Directors' current accounts

21,392

25,790

37,067

43,018

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

20

Ordinary

£1.00

30

30

30

"A" Ordinary

£1.00

20

20

50

50

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2025

46,492

285,000

331,492

Profit for the year

24,813

24,813

Dividends

(27,000

)

(27,000

)

At 31 January 2026

44,305

285,000

329,305