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REGISTERED NUMBER: 10879974 (England and Wales)















BJS (NE) Limited

Financial Statements for the Year Ended 31 May 2024






BJS (NE) Limited (Registered number: 10879974)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BJS (NE) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Bagicha Singh





SECRETARY:





REGISTERED OFFICE: 7 Bankside
The Watermark
Gateshead
NE11 9SY





REGISTERED NUMBER: 10879974 (England and Wales)





ACCOUNTANTS: Flannagans - Gateshead
7 Bankside
The Watermark
Gateshead
NE11 9SY

BJS (NE) Limited (Registered number: 10879974)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 70,000 87,500
Tangible assets 5 11,790 17,214
81,790 104,714

CURRENT ASSETS
Stocks 31,500 32,900
Debtors 6 1,867 41,041
Cash at bank and in hand 149,440 115,677
182,807 189,618
CREDITORS
Amounts falling due within one year 7 210,863 115,694
NET CURRENT (LIABILITIES)/ASSETS (28,056 ) 73,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,734

178,638

CREDITORS
Amounts falling due after more than one year 8 - 146,257
NET ASSETS 53,734 32,381

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 53,730 32,377
SHAREHOLDERS' FUNDS 53,734 32,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BJS (NE) Limited (Registered number: 10879974)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





Mr Bagicha Singh - Director


BJS (NE) Limited (Registered number: 10879974)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

BJS (NE) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

BJS (NE) Limited (Registered number: 10879974)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 175,000
AMORTISATION
At 1 June 2023 87,500
Charge for year 17,500
At 31 May 2024 105,000
NET BOOK VALUE
At 31 May 2024 70,000
At 31 May 2023 87,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 27,842
DEPRECIATION
At 1 June 2023 10,628
Charge for year 5,424
At 31 May 2024 16,052
NET BOOK VALUE
At 31 May 2024 11,790
At 31 May 2023 17,214

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 1,867 541

Amounts falling due after more than one year:
Other debtors - 40,500

Aggregate amounts 1,867 41,041

BJS (NE) Limited (Registered number: 10879974)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,826 -
Trade creditors 55,965 55,630
Taxation and social security 31,056 46,547
Other creditors 120,016 13,517
210,863 115,694

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 146,257

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Bagicha Singh.