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REGISTERED NUMBER: 04475165 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Nsj Contractors Ltd

Nsj Contractors Ltd (Registered number: 04475165)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nsj Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N M Chapman
S N Chapman
J Chapman





SECRETARY: F M Chapman





REGISTERED OFFICE: Unit 21 Harpur Hill Ind Est
Harpur Hill
Buxton
Derbyshire
SK17 9JW





REGISTERED NUMBER: 04475165 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
50 Osmaston Road
Derby
DE1 2HU

Nsj Contractors Ltd (Registered number: 04475165)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 185,077 233,106
185,077 233,106

CURRENT ASSETS
Stocks 499,873 461,607
Debtors 7 422,488 485,269
Cash at bank 411,343 508,030
1,333,704 1,454,906
CREDITORS
Amounts falling due within one year 8 414,465 417,095
NET CURRENT ASSETS 919,239 1,037,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,104,316

1,270,917

PROVISIONS FOR LIABILITIES 9 46,382 58,277
NET ASSETS 1,057,934 1,212,640

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,057,834 1,212,540
SHAREHOLDERS' FUNDS 1,057,934 1,212,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Nsj Contractors Ltd (Registered number: 04475165)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





N M Chapman - Director


Nsj Contractors Ltd (Registered number: 04475165)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Nsj Contractors Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Principal accounting policies
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2002, was amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Statement of Income and Retained Earnings, 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.


Nsj Contractors Ltd (Registered number: 04475165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset`s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the income statement unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 25 ) .

Nsj Contractors Ltd (Registered number: 04475165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 78,400
AMORTISATION
At 1 April 2023
and 31 March 2024 78,400
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 119,194 118,204 326,289 563,687
Additions - - 17,800 17,800
Disposals - - (22,500 ) (22,500 )
At 31 March 2024 119,194 118,204 321,589 558,987
DEPRECIATION
At 1 April 2023 79,628 107,077 143,876 330,581
Charge for year 6,982 2,226 48,014 57,222
Eliminated on disposal - - (13,893 ) (13,893 )
At 31 March 2024 86,610 109,303 177,997 373,910
NET BOOK VALUE
At 31 March 2024 32,584 8,901 143,592 185,077
At 31 March 2023 39,566 11,127 182,413 233,106

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 325,764 475,100
Amounts owed by group undertakings 64,585 -
Other debtors 32,139 10,169
422,488 485,269

Nsj Contractors Ltd (Registered number: 04475165)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 124,428 70,984
Amounts owed to group undertakings 92,061 52,537
Taxation and social security 185,715 205,595
Other creditors 12,261 87,979
414,465 417,095

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 46,382 58,277

Deferred
tax
£   
Balance at 1 April 2023 58,277
Credit to Statement of Income and Retained Earnings during year (11,895 )
Balance at 31 March 2024 46,382