Registered number
08735689
N J R CORPORATE LIMITED
Filleted Accounts
31 March 2024
N J R CORPORATE LIMITED
Registered number: 08735689
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 334,976 326,141
Current assets
Debtors 4 24,828 572,732
Cash at bank and in hand 1,447,917 867,762
1,472,745 1,440,494
Creditors: amounts falling due within one year 5 (305,855) (509,039)
Net current assets 1,166,890 931,455
Total assets less current liabilities 1,501,866 1,257,596
Creditors: amounts falling due after more than one year 6 (22,634) (33,397)
Net assets 1,479,232 1,224,199
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,479,132 1,224,099
Shareholders' funds 1,479,232 1,224,199
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Robinson
Director
Approved by the board on 15 July 2024
N J R CORPORATE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
land and Buildings over 50 years
Motor Vehicle over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Office Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 289,214 3,522 62,363 355,099
Additions - - 26,723 26,723
At 31 March 2024 289,214 3,522 89,086 381,822
Depreciation
At 1 April 2023 490 3,522 24,946 28,958
Charge for the year 70 - 17,818 17,888
At 31 March 2024 560 3,522 42,764 46,846
Net book value
At 31 March 2024 288,654 - 46,322 334,976
At 31 March 2023 288,724 - 37,417 326,141
4 Debtors 2024 2023
£ £
Trade debtors 24,828 572,682
Other debtors - 50
24,828 572,732
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 201,703 246,697
Taxation and social security costs 87,743 205,952
Other creditors 16,409 56,390
305,855 509,039
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,634 33,397
7 Other information
N J R CORPORATE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Romany Tan
Binstead Hill
Ryde
Isle of Wight
PO33 3RN
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