Nicwood Logistics Limited

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

Registered number: 08864412

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		415,951		505,058

			415,951		505,058
CURRENT ASSETS
Debtors	5	1,089,537		1,358,135
Cash at bank and in hand		575,578		366,319

		1,665,115		1,724,454
Creditors: Amounts Falling Due Within One Year	6	(580,555 )		(754,666 )

NET CURRENT ASSETS (LIABILITIES)			1,084,560		969,788

TOTAL ASSETS LESS CURRENT LIABILITIES			1,500,511		1,474,846

Creditors: Amounts Falling Due After More Than One Year	7		-		(16,857 )

PROVISIONS FOR LIABILITIES
Provisions For Charges	9		(21,017 )		(39,717 )
Deferred Taxation			(96,423 )		(120,605 )

NET ASSETS			1,383,071		1,297,667

CAPITAL AND RESERVES
Called up share capital	10		4		4
Profit and Loss Account			1,383,067		1,297,663

SHAREHOLDERS' FUNDS			1,383,071		1,297,667

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Nicwood Logistics Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

On behalf of the board

Mr A Nicholas

Director

29 October 2026

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

1. General Information

Nicwood Logistics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08864412 . The registered office is Barclay House, 35 Borough Road, Burton on Trent, Staffordshire, DE14 2DA.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

2.2. Turnover

Turnover comprises amounts receivable for transport, freight, warehousing, storage and other logistics services provided to customers during the year, net of value added tax and trade discounts.

Revenue is recognised when control of the contracted services passes to the customer. Transport and freight revenue is recognised upon completion of the relevant delivery services, whilst warehousing and storage revenue is recognised over the period during which the storage facilities are made available to customers. Revenue is measured at the transaction price agreed under the terms of the customer contract and is recognised when the performance obligations have been satisfied.

2.3. 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 period of the lease
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Leased vehicles	Over period of the lease

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 37 (2025: 35)

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Nicwood Logistics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Leased vehicles	Total
	£	£	£	£	£
Cost
As at 1 February 2025	8,838	819,276	249,003	39,000	1,116,117
Additions	29,949	25,442	6,458	-	61,849
Disposals	-	(41,750 )	(12,858 )	-	(54,608 )

As at 31 January 2026	38,787	802,968	242,603	39,000	1,123,358

Depreciation
As at 1 February 2025	2,652	390,794	195,067	22,546	611,059
Provided during the period	5,876	106,586	12,961	4,113	129,536
Disposals	-	(29,458 )	(3,730 )	-	(33,188 )

As at 31 January 2026	8,528	467,922	204,298	26,659	707,407

Net Book Value
As at 31 January 2026	30,259	335,046	38,305	12,341	415,951

As at 1 February 2025	6,186	428,482	53,936	16,454	505,058

5. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	910,581	1,160,786
Prepayments and accrued income	178,152	185,195
Other debtors	800	12,150
Called up share capital not paid	4	4

	1,089,537	1,358,135

During the year, the directors identified that expenditure relating to leasehold improvements had been incorrectly classified within other debtors of £8,838 in prior periods. Following a review, these costs have been reclassified to tangible fixed assets as leasehold improvements.

6. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	24,114	77,537
Trade creditors	194,753	475,613
Corporation tax	179,005	37,378
Other taxes and social security	23,554	20,810
VAT	85,821	93,674
Net wages	-	6,453
Other creditors	6,456	3,488
Accruals and deferred income	66,150	39,011

...CONTINUED

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Nicwood Logistics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Directors' loan accounts	360	360
Amounts owed to other participating interests	342	342

	580,555	754,666

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

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	-	16,857

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	24,114	77,537
Later than one year and not later than five years	-	16,857

	24,114	94,394

	24,114	94,394

9. Provisions for Liabilities


	Deferred Tax	Other Provisions	Total
	£	£	£
As at 1 February 2025	120,605	39,717	160,322
Reversals	(24,182 )	(18,700 )	(42,882)

Balance at 31 January 2026	96,423	21,017	117,440

10. Share Capital

	2026	2025 as restated
	£	£
Called Up Share Capital not Paid	4	4

Amount of Allotted, Called Up Share Capital	4	4

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Nicwood Logistics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025 as restated
	£	£
Not later than one year	650,000	650,000
Later than one year and not later than five years	2,491,667	2,600,000
Later than five years	-	541,667

	3,141,667	3,791,667

12. Dividends

	2026	2025 as restated
	£	£
On equity shares:
Interim dividend paid	340,000	120,000

13. Ultimate Controlling Party

The directors consider that the company has no ultimate controlling party.

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