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REGISTERED NUMBER: 02416042















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

N J MARKETING LIMITED

N J MARKETING LIMITED (REGISTERED NUMBER: 02416042)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N J MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: N J Baker





SECRETARY: N J Baker





REGISTERED OFFICE: Unit 2 Haddenham Business Park
Sutton Road
Haddenham
Ely
Cambridgeshire
CB6 3PS





REGISTERED NUMBER: 02416042





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

N J MARKETING LIMITED (REGISTERED NUMBER: 02416042)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 143,873 199,912

CURRENT ASSETS
Stocks 509,924 600,009
Debtors 4 560,183 649,627
Cash at bank 1,131,828 897,514
2,201,935 2,147,150
CREDITORS
Amounts falling due within one year 5 510,543 443,132
NET CURRENT ASSETS 1,691,392 1,704,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,835,265

1,903,930

CREDITORS
Amounts falling due after more than one
year

6

(97,824

)

(153,560

)

PROVISIONS FOR LIABILITIES (32,059 ) (45,767 )
NET ASSETS 1,705,382 1,704,603

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,705,282 1,704,503
SHAREHOLDERS' FUNDS 1,705,382 1,704,603

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

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

N J MARKETING LIMITED (REGISTERED NUMBER: 02416042)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





N J Baker - Director


N J MARKETING LIMITED (REGISTERED NUMBER: 02416042)

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

1. 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 represents net invoiced sales of goods, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 33% on cost, 25% on cost, 20% on cost and 10% on cost
Trade show and other equipment - 33% on cost and 10% on cost
Fixtures, fittings and office equipment - 25% on cost and 10% on cost
Motor vehicles - 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 Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

N J MARKETING LIMITED (REGISTERED NUMBER: 02416042)

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 32 ) .

3. TANGIBLE FIXED ASSETS
Fixtures,
Trade fittings
show and and
Leasehold other office Motor
improvements equipment equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 271,994 426,690 401,729 36,488 1,136,901
Additions 15,499 25,629 18,649 - 59,777
At 31 December 2023 287,493 452,319 420,378 36,488 1,196,678
DEPRECIATION
At 1 January 2023 221,160 371,567 307,774 36,488 936,989
Charge for year 36,372 35,308 44,136 - 115,816
At 31 December 2023 257,532 406,875 351,910 36,488 1,052,805
NET BOOK VALUE
At 31 December 2023 29,961 45,444 68,468 - 143,873
At 31 December 2022 50,834 55,123 93,955 - 199,912

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 505,444 594,943
Other debtors 19,916 350
Prepayments 34,823 54,334
560,183 649,627

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 61,818 52,500
Hire purchase contracts 4,400 453
Trade creditors 181,484 96,132
Tax 63,477 101,012
Social security and other taxes 23,007 25,202
VAT 128,795 141,646
Other creditors 10,126 5,894
Accruals and deferred income 37,436 20,293
510,543 443,132

N J MARKETING LIMITED (REGISTERED NUMBER: 02416042)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 61,818 52,500
Bank loans - 2-5 years 20,606 101,060
Hire purchase contracts 15,400 -
97,824 153,560

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 144,242 206,060
Hire purchase contracts 19,800 453
164,042 206,513

A fixed and floating charge over the company's property is held by the company's bankers in respect to the loan facility.

Personal guarantees have been provided by the director in respect to the loan facility.

8. ULTIMATE CONTROLLING PARTY

The controlling party is N J Baker by virtue of his ownership of 51% of the issued ordinary share capital in the company.