Ninja Acquisitions Limited 08030730 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of corporate finance activities Digita Accounts Production Advanced 6.30.9574.0 true true 08030730 2022-04-01 2023-03-31 08030730 2023-03-31 08030730 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 08030730 bus:Original 2023-03-31 08030730 2 2023-03-31 08030730 core:CurrentFinancialInstruments 2023-03-31 08030730 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08030730 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08030730 core:Goodwill 2023-03-31 08030730 core:FurnitureFittings 2023-03-31 08030730 core:MotorVehicles 2023-03-31 08030730 core:OfficeEquipment 2023-03-31 08030730 bus:SmallEntities 2022-04-01 2023-03-31 08030730 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08030730 bus:FullAccounts 2022-04-01 2023-03-31 08030730 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08030730 bus:RegisteredOffice 2022-04-01 2023-03-31 08030730 bus:Director1 2022-04-01 2023-03-31 08030730 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-04-01 2023-03-31 08030730 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08030730 core:Goodwill 2022-04-01 2023-03-31 08030730 core:FurnitureFittings 2022-04-01 2023-03-31 08030730 core:MotorVehicles 2022-04-01 2023-03-31 08030730 core:OfficeEquipment 2022-04-01 2023-03-31 08030730 countries:England 2022-04-01 2023-03-31 08030730 2022-03-31 08030730 core:Goodwill 2022-03-31 08030730 core:FurnitureFittings 2022-03-31 08030730 core:MotorVehicles 2022-03-31 08030730 core:OfficeEquipment 2022-03-31 08030730 2021-05-01 2022-03-31 08030730 2022-03-31 08030730 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-03-31 08030730 2 2022-03-31 08030730 core:CurrentFinancialInstruments 2022-03-31 08030730 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 08030730 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 08030730 core:FurnitureFittings 2022-03-31 08030730 core:MotorVehicles 2022-03-31 08030730 core:OfficeEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08030730

Ninja Acquisitions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Ninja Acquisitions Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Ninja Acquisitions Limited

(Registration number: 08030730)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

5,716

23,559

Current assets

 

Debtors

6

171,544

215,345

Cash at bank and in hand

 

225,158

207,425

 

396,702

422,770

Creditors: Amounts falling due within one year

7

(37,116)

(32,478)

Net current assets

 

359,586

390,292

Total assets less current liabilities

 

365,302

413,851

Creditors: Amounts falling due after more than one year

7

(35,813)

(64,615)

Provisions for liabilities

3,850

1,265

Net assets

 

333,339

350,501

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

333,239

350,401

Shareholders' funds

 

333,339

350,501

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 February 2024 and signed on its behalf by:
 

.........................................
Mr J C Allen
Director

 

Ninja Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1st Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BB11 1JG
United Kingdom

These financial statements were authorised for issue by the Board on 23 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ninja Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% per annum reducing balance basis

Office equipment

25% per annum reducing balance basis

Motor vehicles

25% per annum reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Ninja Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Ninja Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost

At 1 April 2022

163,325

163,325

At 31 March 2023

163,325

163,325

Amortisation

At 1 April 2022

163,325

163,325

At 31 March 2023

163,325

163,325

Carrying amount

At 31 March 2023

-

-

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost

At 1 April 2022

6,101

31,938

36,193

74,232

Additions

1,343

-

-

1,343

Disposals

-

-

(36,193)

(36,193)

At 31 March 2023

7,444

31,938

-

39,382

Depreciation

At 1 April 2022

4,087

27,830

18,756

50,673

Charge for the year

531

941

277

1,749

Eliminated on disposal

-

-

(18,756)

(18,756)

At 31 March 2023

4,618

28,771

277

33,666

Net book value

At 31 March 2023

2,826

3,167

(277)

5,716

At 31 March 2022

2,014

4,108

17,437

23,559

 

Ninja Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

Note

2023
£

2022
£

Other debtors

 

159,566

181,131

Prepayments

 

4,524

4,524

Income tax asset

7,454

29,690

 

171,544

215,345

7

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8,333

13,972

Trade creditors

 

15,000

15,000

Taxation and social security

 

10,757

480

Accruals and deferred income

 

3,026

3,026

 

37,116

32,478

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

35,813

64,615

 

Ninja Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100