Relate AccountsProduction v2.1.19 v2.1.19 2017-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activities of the company are that of construction work. 11 September 2018 2 2 NI057336 2017-12-31 NI057336 2016-12-31 NI057336 2015-12-31 NI057336 2017-01-01 2017-12-31 NI057336 2016-01-01 2016-12-31 NI057336 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 NI057336 uk-bus:AbridgedAccounts 2017-01-01 2017-12-31 NI057336 uk-bus:CompanySecretaryDirector1 2017-01-01 2017-12-31 NI057336 uk-bus:Director2 2017-01-01 2017-12-31 NI057336 uk-bus:CompanySecretary1 2017-01-01 2017-12-31 NI057336 uk-bus:Agent1 2017-01-01 2017-12-31 NI057336 uk-core:ShareCapital 2017-12-31 NI057336 uk-core:ShareCapital 2016-12-31 NI057336 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 NI057336 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 NI057336 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2017-12-31 NI057336 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2016-12-31 NI057336 uk-bus:FRS102 2017-01-01 2017-12-31 NI057336 uk-core:PlantMachinery 2017-01-01 2017-12-31 NI057336 uk-core:FurnitureFittingsToolsEquipment 2017-01-01 2017-12-31 NI057336 uk-core:MotorVehicles 2017-01-01 2017-12-31 NI057336 2017-01-01 2017-12-31 NI057336 uk-bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Number: NI057336
A&H Nicholson Limited
Unaudited Abridged Financial Statements
for the year ended 31 December 2017
A&H Nicholson Limited

Directors Andrew Nicholson
Harold Nicholson
Company Secretary Andrew Nicholson
Company Number NI057336
Business Address 1 Sheemore Crest
Co Down
BT34 3FA
United Kingdom
Accountants Paul Hagerty & Co
Chartered Accountants
11 The Square
Co Down
BT34 3AZ

A&H Nicholson Limited
Company Number: NI057336
as at 31 December 2017

2017 2016
Notes £ £
Fixed Assets
Tangible assets 4 12,416 16,554
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Current Assets
Stocks 155,000 325,000
Debtors 175,804 83,567
Cash and cash equivalents 137,634 130,000
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468,438 538,567
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Creditors: Amounts falling due within one year (227,386) (325,179)
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Net Current Assets 241,052 213,388
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Total Assets less Current Liabilities 253,468 229,942
Amounts falling due after more than one year (105,020) (109,345)
Provisions for liabilities (2,483) (7,725)
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Net Assets 145,965 112,872
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Capital and Reserves
Called up share capital 100 100
Profit and Loss Account 145,865 112,772
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Equity attributable to owners of the company 145,965 112,872
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
Approved by the Board and authorised for issue on 11 September 2018 and signed on its behalf by
Andrew Nicholson          
Harold Nicholson

A&H Nicholson Limited
for the year ended 31 December 2017

A&H Nicholson Limited is a company limited by shares incorporated in Northern Ireland.
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
Statement of compliance
The financial statements of the company for the year ended 31 December 2017 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
Turnover represents amounts receivable for goods and services provided net of VAT.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
  Plant and machinery - 25% Reducing Balance
  Fixtures, fittings and equipment - 25% Reducing balance
  Motor vehicles - 25% Reducing balance
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Share capital of the company
Ordinary share capital
The ordinary share capital of the company is presented as equity.
The average monthly number of employees, including directors, during the year was 2, (2016 - 2).
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
  £ £ £ £
Cost or Valuation
At 31 December 2017 6,244 4,680 32,428 43,352
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At 1 January 2017 4,655 3,396 18,747 26,798
Charge for the year 397 321 3,420 4,138
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At 31 December 2017 5,052 3,717 22,167 30,936
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Net book value
At 31 December 2017 1,192 963 10,261 12,416
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At 31 December 2016 1,589 1,284 13,681 16,554
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