Silverfin false false 31/05/2024 01/06/2023 31/05/2024 M George 04/01/2018 N George 04/01/2018 J Nowell 04/01/2018 30 September 2024 The principal activity of the Company during the financial year was the running of public house and bar. 11132641 2024-05-31 11132641 bus:Director1 2024-05-31 11132641 bus:Director2 2024-05-31 11132641 bus:Director3 2024-05-31 11132641 2023-05-31 11132641 core:CurrentFinancialInstruments 2024-05-31 11132641 core:CurrentFinancialInstruments 2023-05-31 11132641 core:Non-currentFinancialInstruments 2024-05-31 11132641 core:Non-currentFinancialInstruments 2023-05-31 11132641 core:ShareCapital 2024-05-31 11132641 core:ShareCapital 2023-05-31 11132641 core:RetainedEarningsAccumulatedLosses 2024-05-31 11132641 core:RetainedEarningsAccumulatedLosses 2023-05-31 11132641 core:PlantMachinery 2023-05-31 11132641 core:FurnitureFittings 2023-05-31 11132641 core:PlantMachinery 2024-05-31 11132641 core:FurnitureFittings 2024-05-31 11132641 2023-06-01 2024-05-31 11132641 bus:FilletedAccounts 2023-06-01 2024-05-31 11132641 bus:SmallEntities 2023-06-01 2024-05-31 11132641 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11132641 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11132641 bus:Director1 2023-06-01 2024-05-31 11132641 bus:Director2 2023-06-01 2024-05-31 11132641 bus:Director3 2023-06-01 2024-05-31 11132641 core:PlantMachinery 2023-06-01 2024-05-31 11132641 core:FurnitureFittings 2023-06-01 2024-05-31 11132641 2022-06-01 2023-05-31 11132641 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 11132641 (England and Wales)

NIMAJA LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

NIMAJA LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

NIMAJA LIMITED

BALANCE SHEET

As at 31 May 2024
NIMAJA LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 15,858 19,821
15,858 19,821
Current assets
Stocks 4 18,626 15,749
Debtors 5 69,205 31,194
Cash at bank and in hand 93,569 132,314
181,400 179,257
Creditors: amounts falling due within one year 6 ( 60,011) ( 47,689)
Net current assets 121,389 131,568
Total assets less current liabilities 137,247 151,389
Creditors: amounts falling due after more than one year 7 ( 10,951) ( 20,922)
Provision for liabilities ( 3,964) ( 4,955)
Net assets 122,332 125,512
Capital and reserves
Called-up share capital 300 300
Profit and loss account 122,032 125,212
Total shareholders' funds 122,332 125,512

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Nimaja Limited (registered number: 11132641) were approved and authorised for issue by the Board of Directors on 30 September 2024. They were signed on its behalf by:

N George
Director
NIMAJA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
NIMAJA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nimaja Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the public house. Turnover is shown net of value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 13

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 June 2023 16,614 21,377 37,991
At 31 May 2024 16,614 21,377 37,991
Accumulated depreciation
At 01 June 2023 6,109 12,061 18,170
Charge for the financial year 2,100 1,863 3,963
At 31 May 2024 8,209 13,924 22,133
Net book value
At 31 May 2024 8,405 7,453 15,858
At 31 May 2023 10,505 9,316 19,821

4. Stocks

2024 2023
£ £
Stocks 18,626 15,749

5. Debtors

2024 2023
£ £
Other debtors 69,205 31,194

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,648 10,648
Trade creditors 3,492 1,268
Taxation and social security 21,630 12,730
Other creditors 24,241 23,043
60,011 47,689

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,951 20,922

There are no amounts included above in respect of which any security has been given by the small entity.