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REGISTERED NUMBER: 09240698 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

NJ COMMERCE LTD

NJ COMMERCE LTD (REGISTERED NUMBER: 09240698)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NJ COMMERCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: B Y Al Abas





REGISTERED OFFICE: Unit C2, Little Heath Industrial Estate
Old Church Road
Coventry
CV6 7NB





REGISTERED NUMBER: 09240698 (England and Wales)





ACCOUNTANTS: Hovnan & Co Ltd
Chartered Accountants
106 Ashurst Road
Cockfosters
London
EN4 9LG

NJ COMMERCE LTD (REGISTERED NUMBER: 09240698)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,522 29,033

CURRENT ASSETS
Stocks 383,090 264,870
Debtors 5 191,147 80,667
Cash at bank and in hand 221,004 276,799
795,241 622,336
CREDITORS
Amounts falling due within one year 6 127,307 157,009
NET CURRENT ASSETS 667,934 465,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,456

494,360

CREDITORS
Amounts falling due after more than one year 7 22,789 32,094
NET ASSETS 673,667 462,266

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 673,567 462,166
SHAREHOLDERS' FUNDS 673,667 462,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

NJ COMMERCE LTD (REGISTERED NUMBER: 09240698)

BALANCE SHEET - continued
31 MARCH 2023


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 26 March 2024 and were signed by:





B Y Al Abas - Director


NJ COMMERCE LTD (REGISTERED NUMBER: 09240698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

NJ COMMERCE 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Assets are initially recorded at 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.

NJ COMMERCE LTD (REGISTERED NUMBER: 09240698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Basic financial instruments are initally recognised at the transaction price including any transaction costs.
Subsequently, they are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 25,159 3,353 2,533 700 31,745
Additions - 1,028 - - 1,028
At 31 March 2023 25,159 4,381 2,533 700 32,773
DEPRECIATION
At 1 April 2022 - 838 1,699 175 2,712
Charge for year - 1,095 269 175 1,539
At 31 March 2023 - 1,933 1,968 350 4,251
NET BOOK VALUE
At 31 March 2023 25,159 2,448 565 350 28,522
At 31 March 2022 25,159 2,515 834 525 29,033

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 141,482 46,737
Other debtors 49,665 33,930
191,147 80,667

NJ COMMERCE LTD (REGISTERED NUMBER: 09240698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,600 10,000
Trade creditors 59,300 113,111
Taxation and social security 50,074 25,668
Other creditors 8,333 8,230
127,307 157,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 22,789 32,094

Bank loan is unsecured and advanced for a term of 6 years. No repayments are made in the first year.
Interest at the rate of 2.5% per annum is charged after the first year.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
B Y Al Abas
Balance outstanding at start of year 3,893 -
Amounts advanced - 3,893
Amounts repaid (186 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,707 3,893