Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 3441222 Mrs N Madlani Mr N Madlani Mr N Madlani Mr N Madlani true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3441222 2022-12-31 3441222 2023-12-31 3441222 2023-01-01 2023-12-31 3441222 frs-core:CurrentFinancialInstruments 2023-12-31 3441222 frs-core:FurnitureFittings 2023-12-31 3441222 frs-core:FurnitureFittings 2023-01-01 2023-12-31 3441222 frs-core:FurnitureFittings 2022-12-31 3441222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 3441222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 3441222 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 3441222 frs-core:MotorVehicles 2023-12-31 3441222 frs-core:MotorVehicles 2023-01-01 2023-12-31 3441222 frs-core:MotorVehicles 2022-12-31 3441222 frs-core:OtherResidualIntangibleAssets 2023-12-31 3441222 frs-core:OtherResidualIntangibleAssets 2022-12-31 3441222 frs-core:ShareCapital 2023-12-31 3441222 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 3441222 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 3441222 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 3441222 frs-bus:SmallEntities 2023-01-01 2023-12-31 3441222 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 3441222 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 3441222 1 2023-01-01 2023-12-31 3441222 frs-bus:Director1 2023-01-01 2023-12-31 3441222 frs-bus:Director2 2023-01-01 2023-12-31 3441222 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 3441222 frs-countries:EnglandWales 2023-01-01 2023-12-31 3441222 2021-12-31 3441222 2022-12-31 3441222 2022-01-01 2022-12-31 3441222 frs-core:CurrentFinancialInstruments 2022-12-31 3441222 frs-core:ShareCapital 2022-12-31 3441222 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 3441222
NIJ ENTERPRISES LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3441222
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 42,650 42,650
Tangible Assets 5 515,479 550,006
558,129 592,656
CURRENT ASSETS
Stocks 6 27,873 24,118
Debtors 7 18,300 18,300
Cash at bank and in hand 1,814,962 1,803,980
1,861,135 1,846,398
Creditors: Amounts Falling Due Within One Year 8 (279,031 ) (311,873 )
NET CURRENT ASSETS (LIABILITIES) 1,582,104 1,534,525
TOTAL ASSETS LESS CURRENT LIABILITIES 2,140,233 2,127,181
NET ASSETS 2,140,233 2,127,181
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 2,139,233 2,126,181
SHAREHOLDERS' FUNDS 2,140,233 2,127,181
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Madlani
Director
11 March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
NIJ ENTERPRISES LTD Registered number 3441222 is a limited by shares company incorporated in England & Wales. The Registered Office is HIGH GABLE, HAZEL GROVE, ORPINGTON, KENT, BR6 8LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0%
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 112 (2022: 129)
112 129
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 42,650
As at 31 December 2023 42,650
Net Book Value
As at 31 December 2023 42,650
As at 1 January 2023 42,650
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 156,424 9,400 870,037 1,035,861
Additions - 11,200 - 11,200
Disposals - (9,400 ) - (9,400 )
As at 31 December 2023 156,424 11,200 870,037 1,037,661
Depreciation
As at 1 January 2023 - 5,434 480,421 485,855
Provided during the period - 2,800 38,961 41,761
Disposals - (5,434 ) - (5,434 )
As at 31 December 2023 - 2,800 519,382 522,182
Net Book Value
As at 31 December 2023 156,424 8,400 350,655 515,479
As at 1 January 2023 156,424 3,966 389,616 550,006
6. Stocks
2023 2022
£ £
Stock 27,873 24,118
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 18,300 18,300
18,300 18,300
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 38,291 54,457
Other creditors 240,740 257,416
279,031 311,873
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
11. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 80,000 40,000
80,000 40,000
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr N Madlani by virtue of his ownership of 100% of the issued share capital in the company.
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