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REGISTERED NUMBER: 12207078 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

NJIW LIMITED

NJIW LIMITED (REGISTERED NUMBER: 12207078)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NJIW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: N Walker





REGISTERED OFFICE: 3 Maltese Road
Chelmsford
Essex
CM1 2PB





REGISTERED NUMBER: 12207078 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

NJIW LIMITED (REGISTERED NUMBER: 12207078)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 54,551 60,973
Tangible assets 5 21,764 23,046
76,315 84,019

CURRENT ASSETS
Stocks 69,654 71,205
Debtors 6 67,014 12,985
Cash at bank 418 18,214
137,086 102,404
CREDITORS
Amounts falling due within one year 7 313,060 87,996
NET CURRENT (LIABILITIES)/ASSETS (175,974 ) 14,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

(99,659

)

98,427

CREDITORS
Amounts falling due after more than one
year

8

(18,754

)

(260,261

)

PROVISIONS FOR LIABILITIES (4,135 ) (4,379 )
NET LIABILITIES (122,548 ) (166,213 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (122,549 ) (166,214 )
(122,548 ) (166,213 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

NJIW LIMITED (REGISTERED NUMBER: 12207078)

BALANCE SHEET - continued
30 SEPTEMBER 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 16 April 2024 and were signed by:





N Walker - Director


NJIW LIMITED (REGISTERED NUMBER: 12207078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

NJIW Limited 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance and 25% 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.

NJIW LIMITED (REGISTERED NUMBER: 12207078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 October 2022 75,452
Additions 1,215
At 30 September 2023 76,667
AMORTISATION
At 1 October 2022 14,479
Charge for year 7,637
At 30 September 2023 22,116
NET BOOK VALUE
At 30 September 2023 54,551
At 30 September 2022 60,973

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 October 2022 11,779 15,353 27,132
Additions - 3,803 3,803
At 30 September 2023 11,779 19,156 30,935
DEPRECIATION
At 1 October 2022 883 3,203 4,086
Charge for year 1,178 3,907 5,085
At 30 September 2023 2,061 7,110 9,171
NET BOOK VALUE
At 30 September 2023 9,718 12,046 21,764
At 30 September 2022 10,896 12,150 23,046

NJIW LIMITED (REGISTERED NUMBER: 12207078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 14,340 11,806
Other debtors 52,674 1,179
67,014 12,985

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 9,398 9,083
Trade creditors 1 5,352
Taxation and social security 1,551 2,761
Other creditors 302,110 70,800
313,060 87,996

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 18,754 34,097
Other creditors - 226,164
18,754 260,261