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REGISTERED NUMBER: 07426109 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NBJ (LONDON) LTD

NBJ (LONDON) LTD (REGISTERED NUMBER: 07426109)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NBJ (LONDON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr L Sanders
Mr NS Burke
Mrs SA Burke
Mr A J Wells
Mr C Burke
Mr M Burke





REGISTERED OFFICE: Airfield Park
Sibbertoft Road
Husbands Bosworth
Lutterworth
Leicestershire
LE17 6JA





REGISTERED NUMBER: 07426109 (England and Wales)

NBJ (LONDON) LTD (REGISTERED NUMBER: 07426109)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 185
Tangible assets 5 684,944 511,307
684,944 511,492

CURRENT ASSETS
Stocks 32,926 -
Debtors 6 1,487,866 1,611,970
Cash at bank 494,838 639,181
2,015,630 2,251,151
CREDITORS
Amounts falling due within one year 7 814,472 949,751
NET CURRENT ASSETS 1,201,158 1,301,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,886,102

1,812,892

CREDITORS
Amounts falling due after more than one
year

8

(248,020

)

(260,852

)

PROVISIONS FOR LIABILITIES (170,375 ) (127,827 )
NET ASSETS 1,467,707 1,424,213

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 1,467,687 1,424,193
1,467,707 1,424,213

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

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

The directors acknowledge their 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.

NBJ (LONDON) LTD (REGISTERED NUMBER: 07426109)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:





Mr NS Burke - Director


NBJ (LONDON) LTD (REGISTERED NUMBER: 07426109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

NBJ (London) Ltd 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.

Significant judgements and estimates
In preparing the financial statements, management is required to exercise judgement in making estimates and assumptions that affect reported amounts and disclosures. These judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results could differ from those estimates and assumptions.

The following accounting policies have been identified as being particularly sensitive to complex or subjective judgements or estimates:

Performance and revenue recognition for contracts

The Company derives a significant proportion of its revenue from the supply of construction projects under contracts, some of which are fixed price contracts that may extend for a significant period of time. Where the outcome can be estimated reliably, contract revenue is recognised to the extent that the services have been performed. Performance is measured based on costs incurred to date as a percentage of total expected costs. Management judgement and experience is required to determine the completeness of those forecasts, the recoverability of the costs incurred and the revenue recognised on contracts. Unforeseen future events may adversely impact the accuracy of those forecasts and recoverability judgements.

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for sales of services provided in the normal course of business, net of discounts and value added tax, adjusted in accordance with the policy on contract income as described below.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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.

Computer software is being amortised evenly over its estimated useful life of four years.

NBJ (LONDON) LTD (REGISTERED NUMBER: 07426109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

NBJ (LONDON) LTD (REGISTERED NUMBER: 07426109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Contract income
Turnover on uncompleted contracts is recognised where the outcome can be estimated reliably, contract income is recognised by reference to the stage of completion to the extent that services have been performed and work completed.

Performance is measured based on costs incurred to date as a percentage of total expected costs. An expected loss on a contract is recognised immediately.

Assets arising from recognition of revenue are recorded in debtors due within one year, initially as amounts recoverable on contracts and transferred to debtors when invoiced. Amounts received from customers for services not yet recognised as revenue are initially classified as payments received in advance on contracts within creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2023 - 55 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 5,000 14,000 19,000
AMORTISATION
At 1 January 2024 4,815 14,000 18,815
Charge for year 185 - 185
At 31 December 2024 5,000 14,000 19,000
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 185 - 185

NBJ (LONDON) LTD (REGISTERED NUMBER: 07426109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 968,650 51,321 298,178 120,945 1,439,094
Additions 144,461 107,001 44,860 5,397 301,719
At 31 December 2024 1,113,111 158,322 343,038 126,342 1,740,813
DEPRECIATION
At 1 January 2024 595,877 46,943 201,273 83,694 927,787
Charge for year 64,003 13,128 39,895 11,056 128,082
At 31 December 2024 659,880 60,071 241,168 94,750 1,055,869
NET BOOK VALUE
At 31 December 2024 453,231 98,251 101,870 31,592 684,944
At 31 December 2023 372,773 4,378 96,905 37,251 511,307

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 253,500 120,419 373,919
DEPRECIATION
At 1 January 2024 132,270 109,697 241,967
Charge for year 25,350 7,285 32,635
At 31 December 2024 157,620 116,982 274,602
NET BOOK VALUE
At 31 December 2024 95,880 3,437 99,317
At 31 December 2023 121,230 10,722 131,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 267,392 283,873
Amounts owed by group undertakings 500,517 492,635
Amounts recoverable on contract 519,768 529,872
Other debtors 200,189 305,590
1,487,866 1,611,970

NBJ (LONDON) LTD (REGISTERED NUMBER: 07426109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 54,441 51,913
Hire purchase contracts (see note 9) 75,113 56,706
Payments on account 179,426 337,127
Trade creditors 305,260 318,664
Taxation and social security 108,235 74,388
Other creditors 91,997 110,953
814,472 949,751

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 117,080 171,521
Hire purchase contracts (see note 9) 130,940 89,331
248,020 260,852

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 75,113 56,706
Between one and five years 130,940 89,331
206,053 146,037

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 206,053 146,037

Hire purchase liabilities are secured on the assets to which they relate.