Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 6 May 2022 false 1 April 2023 31 March 2024 31 March 2024 14089971 Mr N Dawe NJD Group Holdings Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14089971 2023-03-31 14089971 2024-03-31 14089971 2023-04-01 2024-03-31 14089971 frs-core:CurrentFinancialInstruments 2024-03-31 14089971 frs-core:ComputerEquipment 2024-03-31 14089971 frs-core:ComputerEquipment 2023-04-01 2024-03-31 14089971 frs-core:ComputerEquipment 2023-03-31 14089971 frs-core:FurnitureFittings 2024-03-31 14089971 frs-core:FurnitureFittings 2023-04-01 2024-03-31 14089971 frs-core:FurnitureFittings 2023-03-31 14089971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 14089971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 14089971 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 14089971 frs-core:PlantMachinery 2024-03-31 14089971 frs-core:PlantMachinery 2023-04-01 2024-03-31 14089971 frs-core:PlantMachinery 2023-03-31 14089971 frs-core:ShareCapital 2024-03-31 14089971 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14089971 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14089971 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 14089971 frs-bus:SmallEntities 2023-04-01 2024-03-31 14089971 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14089971 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14089971 1 2023-04-01 2024-03-31 14089971 frs-bus:Director1 2023-04-01 2024-03-31 14089971 frs-countries:EnglandWales 2023-04-01 2024-03-31 14089971 2022-05-05 14089971 2023-03-31 14089971 2022-05-06 2023-03-31 14089971 frs-core:CurrentFinancialInstruments 2023-03-31 14089971 frs-core:ShareCapital 2023-03-31 14089971 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 14089971
NJD Group Bars Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14089971
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 274,440 327,791
274,440 327,791
CURRENT ASSETS
Stocks 5 28,964 25,000
Debtors 6 86,423 33,214
Cash at bank and in hand 14,251 79,323
129,638 137,537
Creditors: Amounts Falling Due Within One Year 7 (563,097 ) (540,517 )
NET CURRENT ASSETS (LIABILITIES) (433,459 ) (402,980 )
TOTAL ASSETS LESS CURRENT LIABILITIES (159,019 ) (75,189 )
NET LIABILITIES (159,019 ) (75,189 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (159,119 ) (75,289 )
SHAREHOLDERS' FUNDS (159,019) (75,189)
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N Dawe
Director
28 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
NJD Group Bars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14089971 . The registered office is 7 Faraday Court , First Avenue, Burton On Trent, Staffordshire, DE14 2WX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Reducing balance
Plant & Machinery 10% Reducing balance
Fixtures & Fittings 25% Reducing balance & 20% Straight line
Computer Equipment 20% Straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 14)
27 14
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 135,846 27,179 189,545 4,706 357,276
Additions - 996 2,931 - 3,927
As at 31 March 2024 135,846 28,175 192,476 4,706 361,203
Depreciation
As at 1 April 2023 5,787 1,354 21,879 465 29,485
Provided during the period 13,042 2,625 40,669 942 57,278
As at 31 March 2024 18,829 3,979 62,548 1,407 86,763
Net Book Value
As at 31 March 2024 117,017 24,196 129,928 3,299 274,440
As at 1 April 2023 130,059 25,825 167,666 4,241 327,791
5. Stocks
31 March 2024 31 March 2023
£ £
Stock 28,964 25,000
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Prepayments and accrued income 11,112 6,800
Other debtors 31,524 2,159
Deferred tax current asset 43,352 23,820
Amounts owed by parent undertaking 435 435
86,423 33,214
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 35,143 28,046
Other taxes and social security 6,279 10,986
VAT 30,965 26,072
Other creditors 15,257 7,582
Accruals and deferred income 1,556 1,400
Director's loan account 6,220 5,006
Amounts owed to group undertakings 467,677 461,425
563,097 540,517
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8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,111 (PY £498) were due to the fund. They are included in Other Creditors.
10. Related Party Transactions
During the year NJD Group Holdings Limited, a shareholder of the company, had expenses paid on behalf of the company by NJD Group Bars Ltd. As at the balance sheet date £435 (2023: £435) was owed to the company by NJD Group Holdings Limited.
As at the balance sheet date, the company owed NJD Group Ltd, a company who is controlled by the same controlling party £467,677 (2023: £461,425). This amount was unsecured, interest free with no fixed repayment date.
As at the balance sheet date the director, Mr N Dawe, was owed £6,220 (2023: £5,006) from the company. The amount was unsecured, interest free with no fixed repayment date.
11. Ultimate Controlling Party
The company's ultimate controlling party is NJD Group Holdings Ltd.
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