Silverfin false 31/05/2023 01/06/2022 31/05/2023 Nick George 04/01/2018 Mark George 04/01/2018 Jack Nowell 04/01/2018 07 November 2023 The principal activity of the Company during the financial year was the running of public house and bar. 11132641 2023-05-31 11132641 bus:Director1 2023-05-31 11132641 bus:Director2 2023-05-31 11132641 bus:Director3 2023-05-31 11132641 2022-05-31 11132641 core:CurrentFinancialInstruments 2023-05-31 11132641 core:CurrentFinancialInstruments 2022-05-31 11132641 core:Non-currentFinancialInstruments 2023-05-31 11132641 core:Non-currentFinancialInstruments 2022-05-31 11132641 core:ShareCapital 2023-05-31 11132641 core:ShareCapital 2022-05-31 11132641 core:RetainedEarningsAccumulatedLosses 2023-05-31 11132641 core:RetainedEarningsAccumulatedLosses 2022-05-31 11132641 core:PlantMachinery 2022-05-31 11132641 core:FurnitureFittings 2022-05-31 11132641 core:PlantMachinery 2023-05-31 11132641 core:FurnitureFittings 2023-05-31 11132641 2022-06-01 2023-05-31 11132641 bus:FullAccounts 2022-06-01 2023-05-31 11132641 bus:SmallEntities 2022-06-01 2023-05-31 11132641 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11132641 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11132641 bus:Director1 2022-06-01 2023-05-31 11132641 bus:Director2 2022-06-01 2023-05-31 11132641 bus:Director3 2022-06-01 2023-05-31 11132641 core:PlantMachinery 2022-06-01 2023-05-31 11132641 core:FurnitureFittings 2022-06-01 2023-05-31 11132641 2021-06-01 2022-05-31 11132641 core:Non-currentFinancialInstruments 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 11132641 (England and Wales)

NIMAJA LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

NIMAJA LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

NIMAJA LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2023
NIMAJA LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2023
DIRECTORS Nick George
Mark George
Jack Nowell
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 11132641 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
NIMAJA LIMITED

BALANCE SHEET

As at 31 May 2023
NIMAJA LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 19,821 15,971
19,821 15,971
Current assets
Stocks 4 15,749 20,645
Debtors 5 31,194 24,375
Cash at bank and in hand 132,314 178,786
179,257 223,806
Creditors: amounts falling due within one year 6 ( 47,690) ( 71,963)
Net current assets 131,567 151,843
Total assets less current liabilities 151,388 167,814
Creditors: amounts falling due after more than one year 7 ( 20,922) ( 30,648)
Provision for liabilities ( 4,955) ( 3,992)
Net assets 125,511 133,174
Capital and reserves
Called-up share capital 300 300
Profit and loss account 125,211 132,874
Total shareholders' funds 125,511 133,174

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Nimaja Limited (registered number: 11132641) were approved and authorised for issue by the Board of Directors on 07 November 2023. They were signed on its behalf by:

Nick George
Director
NIMAJA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
NIMAJA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nimaja Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the public house. Turnover is shown net of value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 18

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 June 2022 9,765 20,412 30,177
Additions 6,849 965 7,814
At 31 May 2023 16,614 21,377 37,991
Accumulated depreciation
At 01 June 2022 4,273 9,933 14,206
Charge for the financial year 1,836 2,128 3,964
At 31 May 2023 6,109 12,061 18,170
Net book value
At 31 May 2023 10,505 9,316 19,821
At 31 May 2022 5,492 10,479 15,971

4. Stocks

2023 2022
£ £
Stocks 15,749 20,645

5. Debtors

2023 2022
£ £
Other debtors 31,194 24,375

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,648 10,648
Trade creditors 1,268 0
Taxation and social security 12,730 35,807
Other creditors 23,044 25,508
47,690 71,963

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 20,922 30,648

There are no amounts included above in respect of which any security has been given by the small entity.