Registered number
NI612346
NR Jordan Ltd
Filleted Accounts
30 April 2024
NR Jordan Ltd
Registered number: NI612346
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 30,407 10,154
Current assets
Stocks 10,000 10,000
Debtors 4 281,564 341,564
Cash at bank and in hand 465,975 249,024
757,539 600,588
Creditors: amounts falling due within one year 5 (164,516) (37,740)
Net current assets 593,023 562,848
Total assets less current liabilities 623,430 573,002
Creditors: amounts falling due after more than one year 6 (16,081) (47,508)
Net assets 607,349 525,494
Capital and reserves
Called up share capital 100 100
Profit and loss account 607,249 525,394
Shareholders' funds 607,349 525,494
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.
Nigel Jordan
Director
Approved by the board on 27 January 2025
NR Jordan Ltd
Notes to the Accounts
for the year ended 30 April 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.
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:
Plant and machinery 15% reducing balance
Motor vehicles 15% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 May 2023 38,647 28,000 66,647
Additions 25,620 - 25,620
At 30 April 2024 64,267 28,000 92,267
Depreciation
At 1 May 2023 35,583 20,910 56,493
Charge for the year 4,303 1,064 5,367
At 30 April 2024 39,886 21,974 61,860
Net book value
At 30 April 2024 24,381 6,026 30,407
At 30 April 2023 3,064 7,090 10,154
4 Debtors 2024 2023
£ £
Other debtors 281,564 341,564
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 101,926 17,371
Taxation and social security costs 52,590 10,369
164,516 37,740
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,170 14,508
Other creditors 8,911 33,000
16,081 47,508
7 Other information
NR Jordan Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
100 Greenmount Road
Omagh
Co Tyrone
BT78 1UN
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