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REGISTERED NUMBER: 13675555 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

NJ Specialist Limited

NJ Specialist Limited (Registered number: 13675555)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NJ Specialist Limited

Company Information
for the Year Ended 31 March 2024







Director: Mr N C James





Registered office: 63 Hall Lane
Elmswell
Bury St. Edmunds
IP30 9JH





Registered number: 13675555 (England and Wales)





Accountants: Jordan Thomas Lane
135 High Street
Great Abington
Cambridgeshire
CB21 6AE

NJ Specialist Limited (Registered number: 13675555)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,618 6,723

Current assets
Debtors 5 3,473 2,684
Cash at bank 37,082 26,894
40,555 29,578
Creditors
Amounts falling due within one year 6 37,710 28,634
Net current assets 2,845 944
Total assets less current liabilities 8,463 7,667

Provisions for liabilities 1,067 1,277
Net assets 7,396 6,390

Capital and reserves
Called up share capital 1 1
Retained earnings 7,395 6,389
7,396 6,390

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mr N C James - Director


NJ Specialist Limited (Registered number: 13675555)

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

1. STATUTORY INFORMATION

NJ Specialist Limited 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.

2. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Office equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

NJ Specialist Limited (Registered number: 13675555)

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

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 7,593 849 8,442
Additions - 768 768
At 31 March 2024 7,593 1,617 9,210
DEPRECIATION
At 1 April 2023 1,674 45 1,719
Charge for year 1,479 394 1,873
At 31 March 2024 3,153 439 3,592
NET BOOK VALUE
At 31 March 2024 4,440 1,178 5,618
At 31 March 2023 5,919 804 6,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,103 1,360
Prepayments 1,370 1,324
3,473 2,684

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,620 3,751
Tax 6,779 6,414
Social security and other taxes 145 -
VAT 2,473 -
Directors' loan accounts 24,123 17,929
Accrued expenses 570 540
37,710 28,634