NLTJ Enterprises Ltd 11788028 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of business, investment and general consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 11788028 2023-04-01 2024-03-31 11788028 2024-03-31 11788028 core:CurrentFinancialInstruments 2024-03-31 11788028 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11788028 core:FurnitureFittingsToolsEquipment 2024-03-31 11788028 core:MotorVehicles 2024-03-31 11788028 bus:SmallEntities 2023-04-01 2024-03-31 11788028 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11788028 bus:FullAccounts 2023-04-01 2024-03-31 11788028 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11788028 bus:RegisteredOffice 2023-04-01 2024-03-31 11788028 bus:Director1 2023-04-01 2024-03-31 11788028 bus:Director2 2023-04-01 2024-03-31 11788028 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11788028 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11788028 core:MotorVehicles 2023-04-01 2024-03-31 11788028 core:OfficeEquipment 2023-04-01 2024-03-31 11788028 countries:EnglandWales 2023-04-01 2024-03-31 11788028 2023-03-31 11788028 core:FurnitureFittingsToolsEquipment 2023-03-31 11788028 core:MotorVehicles 2023-03-31 11788028 2022-04-01 2023-03-31 11788028 2023-03-31 11788028 core:CurrentFinancialInstruments 2023-03-31 11788028 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11788028 core:FurnitureFittingsToolsEquipment 2023-03-31 11788028 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 11788028

NLTJ Enterprises Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

NLTJ Enterprises Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

NLTJ Enterprises Ltd

Company Information

Directors

Mr N P Jenkins

Mrs L M Jenkins

Registered office

Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

Accountants

Perk Accounting Ltd
Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

 

NLTJ Enterprises Ltd

(Registration number: 11788028)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,621

24,179

Current assets

 

Debtors

5

22,512

5,000

Cash at bank and in hand

 

71,702

37,874

 

94,214

42,874

Creditors: Amounts falling due within one year

6

(9,877)

(8,241)

Net current assets

 

84,337

34,633

Total assets less current liabilities

 

103,958

58,812

Provisions for liabilities

(3,728)

(509)

Net assets

 

100,230

58,303

Capital and reserves

 

Called up share capital

100

100

Retained earnings

100,130

58,203

Shareholders' funds

 

100,230

58,303

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 June 2024 and signed on its behalf by:
 

.........................................
Mr N P Jenkins
Director

 

NLTJ Enterprises Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

These financial statements were authorised for issue by the Board on 3 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

NLTJ Enterprises Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

NLTJ Enterprises Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

9,060

21,500

30,560

Additions

1,458

-

1,458

At 31 March 2024

10,518

21,500

32,018

Depreciation

At 1 April 2023

6,381

-

6,381

Charge for the year

1,716

4,300

6,016

At 31 March 2024

8,097

4,300

12,397

Carrying amount

At 31 March 2024

2,421

17,200

19,621

At 31 March 2023

2,679

21,500

24,179

5

Debtors

Current

2024
£

2023
£

Trade debtors

14,210

-

Other debtors

8,302

5,000

 

22,512

5,000

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,041

805

Accruals and deferred income

444

444

Other creditors

6,392

6,992

9,877

8,241