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REGISTERED NUMBER: 03922272 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

N J Warren Limited

N J Warren Limited (Registered number: 03922272)






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


N J Warren Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N J Warren
Miss S J Harrison





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 03922272 (England and Wales)





ACCOUNTANTS: Bennett Stock Limited
Suite 1, LIberty House
South Liberty Lane
Bristol
BS3 2ST

N J Warren Limited (Registered number: 03922272)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,547 11,403

CURRENT ASSETS
Stocks 264,585 234,429
Debtors 5 36,275 72,722
Cash at bank 32,187 85,896
333,047 393,047
CREDITORS
Amounts falling due within one year 6 135,542 168,240
NET CURRENT ASSETS 197,505 224,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,052

236,210

CREDITORS
Amounts falling due after more than one
year

7

-

(1,667

)

PROVISIONS FOR LIABILITIES (2,137 ) (2,167 )
NET ASSETS 203,915 232,376

N J Warren Limited (Registered number: 03922272)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 202,915 231,376
SHAREHOLDERS' FUNDS 203,915 232,376

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.

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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





N J Warren - Director


N J Warren Limited (Registered number: 03922272)

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

1. STATUTORY INFORMATION

N J Warren 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


N J Warren Limited (Registered number: 03922272)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

N J Warren Limited (Registered number: 03922272)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,181 26,667 541 28,389
DEPRECIATION
At 1 April 2023 1,157 15,417 412 16,986
Charge for year 12 2,812 32 2,856
At 31 March 2024 1,169 18,229 444 19,842
NET BOOK VALUE
At 31 March 2024 12 8,438 97 8,547
At 31 March 2023 24 11,250 129 11,403

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 26,667
DEPRECIATION
At 1 April 2023 15,417
Charge for year 2,812
At 31 March 2024 18,229
NET BOOK VALUE
At 31 March 2024 8,438
At 31 March 2023 11,250

N J Warren Limited (Registered number: 03922272)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 32,949 70,722
Other debtors 3,326 2,000
36,275 72,722

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 1,667 5,000
Trade creditors 18,186 21,781
Taxation and social security 36,703 38,613
Other creditors 78,986 102,846
135,542 168,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 1,667

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the directors .

N J Warren
2024 2023

Use of Home as Office 1,190 1,190

(Capital Withdrawn)/introduced (7,120 ) 82,041


At the year end the amount owed to the director was £76,851 (2023 - £83,971)

9. ULTIMATE CONTROLLING PARTY

The controlling party is N J Warren.