Nicholas Herbert Ltd - Accounts to registrar - small 17.2

Nicholas Herbert Ltd - Accounts to registrar - small 17.2

NICHOLAS HERBERT LTD - Company Information

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REGISTERED NUMBER: 02022536 (England and Wales)















Financial Statements for the Year Ended 31st March 2017

for

Nicholas Herbert Ltd

Nicholas Herbert Ltd (Registered number: 02022536)






Contents of the Financial Statements
for the Year Ended 31st March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Nicholas Herbert Ltd

Company Information
for the Year Ended 31st March 2017







DIRECTOR: Edward Nicholas Dougal Herbert





SECRETARY: Edward Ivor Montgomery Herbert





REGISTERED OFFICE: 118 Lots Road
London
SW10 0RJ





REGISTERED NUMBER: 02022536 (England and Wales)





ACCOUNTANTS: John Yelland & Company
Chartered Certified Accountants
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU
Page 1
Nicholas Herbert Ltd (Registered number: 02022536)

Abridged Balance Sheet
31st March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,181 21,403
Investments 5 42,202 39,128
60,383 60,531

CURRENT ASSETS
Stocks 93,959 83,670
Debtors 26,529 20,572
Cash at bank and in hand 453,704 451,369
574,192 555,611
CREDITORS
Amounts falling due within one year 41,520 36,571
NET CURRENT ASSETS 532,672 519,040
TOTAL ASSETS LESS CURRENT
LIABILITIES
593,055
579,571

PROVISIONS FOR LIABILITIES 3,637 4,186
NET ASSETS 589,418 575,385

CAPITAL AND RESERVES
Called up share capital 80,805 80,805
Share premium 1,124 1,124
Revaluation reserve 6 740 740
Retained earnings 506,749 492,716
SHAREHOLDERS' FUNDS 589,418 575,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Nicholas Herbert Ltd (Registered number: 02022536)

Abridged Balance Sheet - continued
31st March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 9th October 2017 and were signed by:





Edward Nicholas Dougal Herbert - Director


The notes form part of these financial statements

Page 3
Nicholas Herbert Ltd (Registered number: 02022536)

Notes to the Financial Statements
for the Year Ended 31st March 2017

1. STATUTORY INFORMATION

Nicholas Herbert Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Computer equipment - 33% on cost

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

Page 4 continued...
Nicholas Herbert Ltd (Registered number: 02022536)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2016 120,009
Additions 162
At 31st March 2017 120,171
DEPRECIATION
At 1st April 2016 98,606
Charge for year 3,384
At 31st March 2017 101,990
NET BOOK VALUE
At 31st March 2017 18,181
At 31st March 2016 21,403

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st April 2016 39,128
Revaluations 3,074
At 31st March 2017 42,202
NET BOOK VALUE
At 31st March 2017 42,202
At 31st March 2016 39,128

Cost or valuation at 31st March 2017 is represented by:
Totals
£   
Cost 40,120

The investment relates to 181 ordinary 10p shares held in Colefax Group PLC and amounts held in CF
Woodford Equity Income Fund.

6. RESERVES
Revaluation
reserve
£   
At 1st April 2016
and 31st March 2017 740

Page 5