Company Registration No. NI616039 (Northern Ireland)
NI Supplements Holdings Limited
Unaudited accounts
for the year ended 31 December 2024
NI Supplements Holdings Limited
Statement of financial position
as at 31 December 2024
Tangible assets
124,141
113,474
Inventories
478,450
373,214
Cash at bank and in hand
10,743
23,434
Creditors: amounts falling due within one year
(658,918)
(512,511)
Net current liabilities
(68,147)
(52,203)
Called up share capital
1
1
Profit and loss account
55,993
61,270
Shareholders' funds
55,994
61,271
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 February 2025 and were signed on its behalf by
Peter Baird
Director
Company Registration No. NI616039
NI Supplements Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024
NI Supplements Holdings Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI616039. The registered office is Unit 5 Dargan Crescent, Graham Industrial Park, Belfast, BT3 9LP, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The director of NI Supplements Holdings Limited believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least twelve months from the date of signing. Accordingly, NI Supplements Holdings Limited continues to adopt the going concern basis in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of supplements, food, drinks and other associated products is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line (buildings)
Motor vehicles
15% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
NI Supplements Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
93,000
9,700
28,257
130,957
Additions
-
11,816
5,500
17,316
At 31 December 2024
93,000
21,516
33,757
148,273
At 1 January 2024
930
5,812
10,741
17,483
Charge for the year
930
1,469
4,250
6,649
At 31 December 2024
1,860
7,281
14,991
24,132
At 31 December 2024
91,140
14,235
18,766
124,141
At 31 December 2023
92,070
3,888
17,516
113,474
Amounts falling due within one year
Trade debtors
101,578
55,666
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
126,576
216,411
Trade creditors
326,606
218,269
Taxes and social security
30,958
7,540
Other creditors
22,224
23,790
Allotted, called up and fully paid:
- Ordinary shares of £1 each
-
1.00
95 A Ordinary shares of £0.01 each
0.95
-
5 B Ordinary shares of £0.01 each
0.05
-
Shares issued during the period:
95 A Ordinary shares of £0.01 each
0.95
5 B Ordinary shares of £0.01 each
0.05
NI Supplements Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).