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Company Registration No. 12026134 (England and Wales)
Nisa Stores Ltd Unaudited accounts for the year ended 31 May 2024
Nisa Stores Ltd Unaudited accounts Contents
Page
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Nisa Stores Ltd Company Information for the year ended 31 May 2024
Directors
Shabina Kauser Ali Mahboob Hussain
Company Number
12026134 (England and Wales)
Registered Office
Clearcut Accounting Parkway Five Parkway Business Centre, Princess Road Manchester Lancashire M14 7HR England
Accountants
CLEARCUT ACCOUNTING LIMITED SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT 300 PRINCESS ROAD MANCHESTER M14 7HR
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Nisa Stores Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
40,000 
40,000 
Tangible assets
286,974 
258,118 
326,974 
298,118 
Current assets
Inventories
94,500 
80,900 
Cash at bank and in hand
139,813 
72,722 
234,313 
153,622 
Creditors: amounts falling due within one year
(415,304)
(270,416)
Net current liabilities
(180,991)
(116,794)
Total assets less current liabilities
145,983 
181,324 
Creditors: amounts falling due after more than one year
(66,290)
(27,979)
Net assets
79,693 
153,345 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
79,691 
153,343 
Shareholders' funds
79,693 
153,345 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by
Mahboob Hussain Director Company Registration No. 12026134
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Nisa Stores Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Nisa Stores Ltd is a private company, limited by shares, registered in England and Wales, registration number 12026134. The registered office is Clearcut Accounting, Parkway Five, Parkway Business Centre, Princess Road, Manchester, Lancashire, M14 7HR, England.
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.
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:
Motor vehicles
20% RB
Fixtures & fittings
20% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a reducing balance basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Nisa Stores Ltd Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
40,000 
At 31 May 2024
40,000 
Amortisation
At 1 June 2023
- 
At 31 May 2024
- 
Net book value
At 31 May 2024
40,000 
At 31 May 2023
40,000 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
180,000 
3,000 
139,913 
322,913 
Additions
- 
55,600 
- 
55,600 
At 31 May 2024
180,000 
58,600 
139,913 
378,513 
Depreciation
At 1 June 2023
- 
1,445 
63,350 
64,795 
Charge for the year
- 
11,431 
15,313 
26,744 
At 31 May 2024
- 
12,876 
78,663 
91,539 
Net book value
At 31 May 2024
180,000 
45,724 
61,250 
286,974 
At 31 May 2023
180,000 
1,555 
76,563 
258,118 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(512)
10,595 
Trade creditors
187,338 
16,104 
Taxes and social security
5,841 
31,110 
Other creditors
7,000 
- 
Loans from directors
215,901 
211,407 
Accruals
(264)
1,200 
415,304 
270,416 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,342 
27,979 
Obligations under finance leases and hire purchase contracts
48,948 
- 
66,290 
27,979 
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Nisa Stores Ltd Notes to the Accounts for the year ended 31 May 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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