Registered number
SC511666
NS RETAIL (UK) LIMITED
Filleted Accounts
31 March 2024
NS RETAIL (UK) LIMITED
Registered number: SC511666
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 77,376 81,449
Tangible assets 4 29,435 10,833
106,811 92,282
Current assets
Stocks 65,215 103,275
Debtors 5 4,469 430
Cash at bank and in hand 13,693 16,377
83,377 120,082
Creditors: amounts falling due within one year 6 (86,673) (94,875)
Net current (liabilities)/assets (3,296) 25,207
Total assets less current liabilities 103,515 117,489
Creditors: amounts falling due after more than one year 7 (47,813) (36,436)
Provisions for liabilities - -
Net assets 55,702 81,053
Capital and reserves
Called up share capital 2 2
Share premium - -
Profit and loss account 55,700 81,051
Shareholders' funds 55,702 81,053
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Shahzad Farooq
Director
Approved by the board on 20 May 2024
NS RETAIL (UK) 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.
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.
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 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 112,808
Additions -
Disposals -
At 31 March 2024 112,808
Amortisation
At 1 April 2023 31,359
Provided during the year 4,073
On disposals -
At 31 March 2024 35,432
Net book value
At 31 March 2024 77,376
At 31 March 2023 81,449
4 Tangible fixed assets
Fixtures & Fittings Motor vehicles Total
£ £ £
Cost
At 1 April 2023 53,364 15,630 68,994
Additions - 26,893 26,893
Surplus on revaluation - - -
Disposals - (15,630) (15,630)
At 31 March 2024 53,364 26,893 80,257
Depreciation
At 1 April 2023 46,240 11,921 58,161
Charge for the year 1,781 2,801 4,582
Surplus on revaluation - - -
On disposals - (11,921) (11,921)
At 31 March 2024 48,021 2,801 50,822
Net book value
At 31 March 2024 5,343 24,092 29,435
At 31 March 2023 7,124 3,709 10,833
5 Debtors 2024 2023
£ £
Trade debtors - -
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - -
Other debtors 4,469 430
4,469 430
Amounts due after more than one year included above - -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 67,088 80,049
Accruals 4,168 900
Taxation and social security costs 14,797 13,306
Other creditors 620 620
86,673 94,875
7 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans 24,135 34,135
Obligations under finance lease and hire purchase contracts 23,678 2,301
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
47,813 36,436
8 Other information
NS RETAIL (UK) LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 DARNLEY STREET
GLASGOW
G41 2LL
NS RETAIL (UK) LIMITED SC511666 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Shahzad Farooq No description of principal activity SC511666 2022-04-01 2023-03-31 SC511666 core:WithinOneYear 2023-03-31 SC511666 core:AfterOneYear 2023-03-31 SC511666 core:ShareCapital 2023-03-31 SC511666 core:SharePremium 2023-03-31 SC511666 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC511666 2023-04-01 2024-03-31 SC511666 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC511666 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC511666 bus:Director40 2023-04-01 2024-03-31 SC511666 1 2023-04-01 2024-03-31 SC511666 2 2023-04-01 2024-03-31 SC511666 core:Goodwill 2023-04-01 2024-03-31 SC511666 core:PlantMachinery 2023-04-01 2024-03-31 SC511666 core:Vehicles 2023-04-01 2024-03-31 SC511666 countries:England 2023-04-01 2024-03-31 SC511666 bus:FRS102 2023-04-01 2024-03-31 SC511666 bus:FilletedAccounts 2023-04-01 2024-03-31 SC511666 2024-03-31 SC511666 core:WithinOneYear 2024-03-31 SC511666 core:AfterOneYear 2024-03-31 SC511666 core:ShareCapital 2024-03-31 SC511666 core:SharePremium 2024-03-31 SC511666 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC511666 core:Goodwill 2024-03-31 SC511666 core:PlantMachinery 2024-03-31 SC511666 core:Vehicles 2024-03-31 SC511666 2023-03-31 SC511666 core:Goodwill 2023-03-31 SC511666 core:PlantMachinery 2023-03-31 SC511666 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure