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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
124,141 
113,474 
Current assets
Inventories
478,450 
373,214 
Debtors
101,578 
63,660 
Cash at bank and in hand
10,743 
23,434 
590,771 
460,308 
Creditors: amounts falling due within one year
(658,918)
(512,511)
Net current liabilities
(68,147)
(52,203)
Net assets
55,994 
61,271 
Capital and reserves
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
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NI Supplements Holdings Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 December 2024
91,140 
14,235 
18,766 
124,141 
At 31 December 2023
92,070 
3,888 
17,516 
113,474 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
101,578 
55,666 
Other debtors
- 
7,994 
101,578 
63,660 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
126,576 
216,411 
VAT
87,554 
44,001 
Trade creditors
326,606 
218,269 
Taxes and social security
30,958 
7,540 
Other creditors
22,224 
23,790 
Accruals
65,000 
2,500 
658,918 
512,511 
7
Share capital
2024 
2023 
£ 
£ 
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 
- 
1.00 
1.00 
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 
1.00 
- 4 -
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).
- 5 -