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REGISTERED NUMBER: 06725694 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NIMG LIMITED

NIMG LIMITED (REGISTERED NUMBER: 06725694)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NIMG LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTOR: N M Griffin





SECRETARY: N M Griffin





REGISTERED OFFICE: Griffindor
Crossways South
Doncaster
South Yorkshire
DN2 5SJ





REGISTERED NUMBER: 06725694 (England and Wales)





ACCOUNTANTS: Fortus Limited
3 Park Square East
Leeds
LS1 2NE

NIMG LIMITED (REGISTERED NUMBER: 06725694)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,100 4,846
4,100 4,846

CURRENT ASSETS
Stocks 6 5,180 5,207
Debtors 7 8,034 7,481
Cash at bank and in hand 184,887 158,490
198,101 171,178
CREDITORS
Amounts falling due within one year 8 104,262 69,191
NET CURRENT ASSETS 93,839 101,987
TOTAL ASSETS LESS CURRENT LIABILITIES 97,939 106,833

CREDITORS
Amounts falling due after more than
one year

9

11,606

70,909
NET ASSETS 86,333 35,924

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,233 35,824
SHAREHOLDERS' FUNDS 86,333 35,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

NIMG LIMITED (REGISTERED NUMBER: 06725694)

BALANCE SHEET - continued
30 September 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 27 June 2025 and were signed by:





N M Griffin - Director


NIMG LIMITED (REGISTERED NUMBER: 06725694)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

NIMG 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2009, was fully amortised evenly over its estimated useful life of 5 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.
Short leasehold - 14% on cost
Improvements to property - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


NIMG LIMITED (REGISTERED NUMBER: 06725694)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 20,000
AMORTISATION
At 1 October 2023
and 30 September 2024 20,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

NIMG LIMITED (REGISTERED NUMBER: 06725694)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings Totals
£    £    £    £   
COST
At 1 October 2023 24,000 3,319 12,412 39,731
Additions - - 184 184
At 30 September 2024 24,000 3,319 12,596 39,915
DEPRECIATION
At 1 October 2023 23,999 2,173 8,713 34,885
Charge for year - 172 758 930
At 30 September 2024 23,999 2,345 9,471 35,815
NET BOOK VALUE
At 30 September 2024 1 974 3,125 4,100
At 30 September 2023 1 1,146 3,699 4,846

6. STOCKS
2024 2023
£    £   
Stocks 5,180 5,207

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,158 6,158
Prepayments 1,876 1,323
8,034 7,481

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,944 13,583
Corporation tax 13,342 8,515
Social security and other taxes 4,578 3,897
Bank loan 9,976 10,648
Directors' current accounts 60,224 15,436
Accrued expenses 2,198 17,112
104,262 69,191

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 11,606 20,909
Directors' loan accounts - 50,000
11,606 70,909

NIMG LIMITED (REGISTERED NUMBER: 06725694)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.

The loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 30,000 30,000
Between one and five years 150,000 -
In more than five years 270,000 -
450,000 30,000