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REGISTERED NUMBER: 12231023 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

NIZA RETAIL LTD

NIZA RETAIL LTD (REGISTERED NUMBER: 12231023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIZA RETAIL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: V Ragunathan





SECRETARY: V Ragunathan





REGISTERED OFFICE: 15 The Gallop
Sutton
SM2 5RU





REGISTERED NUMBER: 12231023 (England and Wales)





ACCOUNTANTS: Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB

NIZA RETAIL LTD (REGISTERED NUMBER: 12231023)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 832,437
Tangible assets 5 397,587 750,422
397,587 1,582,859

CURRENT ASSETS
Stocks 340,195 326,804
Debtors 6 1,207,396 506,601
Cash at bank and in hand 54,146 52,217
1,601,737 885,622
CREDITORS
Amounts falling due within one year 7 2,029,675 2,325,084
NET CURRENT LIABILITIES (427,938 ) (1,439,462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,351

)

143,397

CREDITORS
Amounts falling due after more than one
year

8

2,261

31,533
NET (LIABILITIES)/ASSETS (32,612 ) 111,864

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 105,705 105,705
Retained earnings (138,417 ) 6,059
(32,612 ) 111,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

NIZA RETAIL LTD (REGISTERED NUMBER: 12231023)

BALANCE SHEET - continued
31 DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 December 2023 and were signed by:





V Ragunathan - Director


NIZA RETAIL LTD (REGISTERED NUMBER: 12231023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Niza Retail 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Equal inst over the period of lease
Fixtures and fittings - 10% on reducing balance

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.

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 55 (2021 - 59 ) .

NIZA RETAIL LTD (REGISTERED NUMBER: 12231023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022 945,391
Disposals (82,936 )
Reclassification/transfer (862,455 )
At 31 December 2022 -
AMORTISATION
At 1 January 2022 112,954
Amortisation for year 4,713
Eliminated on disposal (10,367 )
Reclassification/transfer (107,300 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 832,437

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2022 339,078 492,717 831,795
Additions - 13,465 13,465
Reclassification/transfer (339,078 ) - (339,078 )
At 31 December 2022 - 506,182 506,182
DEPRECIATION
At 1 January 2022 16,954 64,419 81,373
Charge for year - 44,176 44,176
Reclassification/transfer (16,954 ) - (16,954 )
At 31 December 2022 - 108,595 108,595
NET BOOK VALUE
At 31 December 2022 - 397,587 397,587
At 31 December 2021 322,124 428,298 750,422

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 34,942 20,638
Amounts owed by associates 519,587 462,495
Other debtors 652,867 23,468
1,207,396 506,601

NIZA RETAIL LTD (REGISTERED NUMBER: 12231023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Finance leases 29,984 29,984
Trade creditors 181,966 279,165
Amounts owed to group undertakings 1,148,126 1,340,880
Amounts owed to associates 554,913 571,743
Taxation and social security 84,648 55,490
Other creditors 30,038 47,822
2,029,675 2,325,084

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Finance leases 2,261 31,533

9. CONTROLLING PARTY

The company is a subsidiary of Niza Enterprises Ltd, a company registered in England under company number 04914942.