Nicholls & Christopher Ltd

NICHOLLS & CHRISTOPHER LTD - Company Information

2021-05-012022-04-302022-04-30false04749435Nicholls & Christopher 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Registered Number
04749435
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2022

Nicholls & Christopher Ltd

Company Information
for the year from 1 May 2021 to 30 April 2022


Directors	Brown, Christopher Leslie
	Brown, Tania Janet


Registered Address	1 Park Gardens
	Yeovil
	BA20 1DW


Place of Business	11 Batts Park
	Taunton
	TA1 4RE


Registered Number	04749435 (England and Wales)

Nicholls & Christopher Ltd

Balance Sheet as at
30 April 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Intangible assets	5		867		1,734
Tangible assets	6		1,170		1,653
			2,037		3,387
Current assets
Stocks		940		940
Debtors		1,907		1,785
Cash at bank and on hand		23,646		40,345
		26,493		43,070
Creditors amounts falling due within one year	8	(22,945)		(28,499)
Net current assets (liabilities)			3,548		14,571
Total assets less current liabilities			5,585		17,958
Provisions for liabilities			(222)		(314)
Net assets			5,363		17,644
Capital and reserves
Called up share capital			2		2
Profit and loss account			5,361		17,642
Shareholders' funds			5,363		17,644

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 12 October 2022, and are signed on its behalf by:

Brown, Christopher Leslie
Director
Registered Company No. 04749435

Nicholls & Christopher Ltd

Notes to the Financial Statements
for the year ended 30 April 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery etc - 33% on cost, 25% on cost and 25% on reducing balance

	Intangible assets policy
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. The intangible asset, being goodwill, is the amount paid in connection with the acquisition of a business in 2014 and is being amortised evenly over its estimated useful life of ten years.

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

4.	Employee information


		2022		2021
	Average number of employees during the year	1		2

5.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 May 21	8,669
	At 30 April 22	8,669
	Amortisation and impairment
	At 01 May 21	6,935
	Charge for year	867
	At 30 April 22	7,802
	Net book value
	At 30 April 22	867
	At 30 April 21	1,734

6.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 May 21	10,727
	At 30 April 22	10,727
	Depreciation and impairment
	At 01 May 21	9,074
	Charge for year	483
	At 30 April 22	9,557
	Net book value
	At 30 April 22	1,170
	At 30 April 21	1,653

7.	Debtors within one year

	2022	2021
	£	£
Trade debtors / trade receivables	1,500	1,500
Prepayments and accrued income	407	285
Total	1,907	1,785


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2022	2021
	£	£
Taxation and social security	20,902	26,802
Other creditors	1,046	746
Accrued liabilities and deferred income	997	951
Total	22,945	28,499


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.