4NX Pouches Limited 12447185 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Sale of Oral nicotine pouches Digita Accounts Production Advanced 6.30.9574.0 true true 12447185 2023-04-01 2024-03-31 12447185 2024-03-31 12447185 core:CurrentFinancialInstruments 2024-03-31 12447185 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12447185 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 12447185 core:FurnitureFittingsToolsEquipment 2024-03-31 12447185 core:OtherPropertyPlantEquipment 2024-03-31 12447185 bus:SmallEntities 2023-04-01 2024-03-31 12447185 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12447185 bus:FilletedAccounts 2023-04-01 2024-03-31 12447185 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12447185 bus:RegisteredOffice 2023-04-01 2024-03-31 12447185 bus:Director1 2023-04-01 2024-03-31 12447185 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12447185 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 12447185 core:OfficeEquipment 2023-04-01 2024-03-31 12447185 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 12447185 core:PlantMachinery 2023-04-01 2024-03-31 12447185 countries:EnglandWales 2023-04-01 2024-03-31 12447185 2023-03-31 12447185 core:FurnitureFittingsToolsEquipment 2023-03-31 12447185 core:OtherPropertyPlantEquipment 2023-03-31 12447185 2022-04-01 2023-03-31 12447185 2023-03-31 12447185 core:CurrentFinancialInstruments 2023-03-31 12447185 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12447185 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 12447185 core:FurnitureFittingsToolsEquipment 2023-03-31 12447185 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 12447185

4NX Pouches Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

4NX Pouches Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

4NX Pouches Limited

Company Information

Director

I Kara

Registered office

Elizabeth House Victoria Street
Openshaw
Manchester
M11 2NX

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

4NX Pouches Limited

(Registration number: 12447185)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

148,874

165,789

Current assets

 

Stocks

5

419,592

364,388

Debtors

6

83,474

342,141

Cash at bank and in hand

 

2,025

4,011

 

505,091

710,540

Creditors: Amounts falling due within one year

7

(1,151,149)

(1,275,054)

Net current liabilities

 

(646,058)

(564,514)

Total assets less current liabilities

 

(497,184)

(398,725)

Creditors: Amounts falling due after more than one year

7

(13,350)

(23,343)

Net liabilities

 

(510,534)

(422,068)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(510,634)

(422,168)

Shareholders' deficit

 

(510,534)

(422,068)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

 

4NX Pouches Limited

(Registration number: 12447185)
Balance Sheet as at 31 March 2024 (continued)

Approved and authorised by the director on 18 March 2025
 

.........................................
I Kara
Director

   
     
 

4NX Pouches Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 12447185.

The address of its registered office is:
Elizabeth House Victoria Street
Openshaw
Manchester
M11 2NX
United Kingdom

These financial statements were authorised for issue by the director on 18 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Going concern

The financial statements have been prepared on a going concern basis.

The financial statements have been prepared on a going concern basis. The company has the continued support and funding from connected parties and the parent company. Loans will not be repaid unless funds and cash flow are available.

 

4NX Pouches Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line basis

Plant and machinery

15% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

4NX Pouches Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

34,243

201,219

235,462

Additions

-

13,440

13,440

At 31 March 2024

34,243

214,659

248,902

Depreciation

At 1 April 2023

17,943

51,730

69,673

Charge for the year

7,764

22,591

30,355

At 31 March 2024

25,707

74,321

100,028

Carrying amount

At 31 March 2024

8,536

140,338

148,874

At 31 March 2023

16,300

149,489

165,789

5

Stocks

2024
£

2023
£

Stock

419,592

364,388

6

Debtors

Current

2024
£

2023
£

Trade debtors

16,272

272,015

Prepayments

62,975

66,808

Other debtors

4,227

3,318

 

83,474

342,141

 

4NX Pouches Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

125,087

111,716

Trade creditors

 

257,719

391,155

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

764,230

764,230

Accruals and deferred income

 

4,100

7,940

Other creditors

 

13

13

 

1,151,149

1,275,054

Creditors include a bank loans which are secured by the government of £9,982 (2023 - £9,988).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

13,350

23,343

Creditors include bank loans which are secured by the government of £13,350 (2023 - £23,343).

8

Related party transactions

The company has an interest free loans from companies which are connected to the director amounting to £65,000 (2023 - £65,000), loans from the parent company of £764,230 (2023 - £764,230) and companies under common control of £49,849 (2023 - £36,472). All these loans are repayable on demand.