Registered number
11850544
Nim Health & Beauty (Botley) Limited
Unaudited Filleted Accounts
31 March 2024
Nim Health & Beauty (Botley) Limited
Registered number: 11850544
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,590 3,108
Tangible assets 4 9,327 10,838
11,917 13,946
Current assets
Stocks 3,000 3,000
Debtors 5 41,314 14,511
Cash at bank and in hand 47,538 72,045
91,852 89,556
Creditors: amounts falling due within one year 6 (79,315) (64,462)
Net current assets 12,537 25,094
Total assets less current liabilities 24,454 39,040
Creditors: amounts falling due after more than one year 7 (32,500) (36,667)
Provisions for liabilities (1,378) (1,640)
Net (liabilities)/assets (9,424) 733
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,524) 633
Shareholder's funds (9,424) 733
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Nazia Shahid
Director
Approved by the board on 14 October 2024
Nim Health & Beauty (Botley) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 10% - reducing balance
Plant and machinery 20% - reducing balance
Motor vehicles 20% - reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 5,180
At 31 March 2024 5,180
Amortisation
At 1 April 2023 2,072
Provided during the year 518
At 31 March 2024 2,590
Net book value
At 31 March 2024 2,590
At 31 March 2023 3,108
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Leasehold improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 9,000 4,149 2,500 15,649
At 31 March 2024 9,000 4,149 2,500 15,649
Depreciation
At 1 April 2023 2,439 1,472 900 4,811
Charge for the year 656 535 320 1,511
At 31 March 2024 3,095 2,007 1,220 6,322
Net book value
At 31 March 2024 5,905 2,142 1,280 9,327
At 31 March 2023 6,561 2,677 1,600 10,838
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 32,426 6,611
Other debtors 8,888 7,900
41,314 14,511
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors - 3,038
Amounts owed to group undertakings and undertakings in which the company has a participating interest 60,949 48,546
Taxation and social security costs 3,060 3,607
Other creditors 10,306 4,271
79,315 64,462
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,500 36,667
8 Controlling party
The parent company of Nim Health & Beauty (Botley) Limited is NSNS Holdings and its registered address is 43-44 Bedford Place, Southampton, Hampshire, SO15 2DG.
9 Other information
Nim Health & Beauty (Botley) Limited is a private company limited by shares and incorporated in England. Its registered office is:
43-44 Bedford Place
Southampton
SO15 2DG
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