NJC Retail Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 07388874

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		34,903		54,145

			34,903		54,145
CURRENT ASSETS
Stocks	5	120,000		115,000
Debtors	6	19,109		15,334
Cash at bank and in hand		8,447		10,773

		147,556		141,107
Creditors: Amounts Falling Due Within One Year	7	(488,752 )		(464,138 )

NET CURRENT ASSETS (LIABILITIES)			(341,196 )		(323,031 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(306,293 )		(268,886 )

NET LIABILITIES			(306,293 )		(268,886 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(306,294 )		(268,887 )

SHAREHOLDERS' FUNDS			(306,293)		(268,886)

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Neil Carroll

Director

30 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

NJC Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07388874 . The registered office is 145-147 Hatfield Road, St Albans, Hertfordshire, AL1 4JY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	4% Straight Line Method
Motor Vehicles	25% Straight Line Method
Fixtures & Fittings	25% Straight Line Method
Computer Equipment	25% Straight Line Method

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was as below -

	2024	2023
Office and administration	12	10

	12	10

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NJC Retail Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2023	48,078	43,935	205,289	18,831	316,133

As at 30 September 2024	48,078	43,935	205,289	18,831	316,133

Depreciation
As at 1 October 2023	23,075	43,935	183,406	11,572	261,988
Provided during the period	1,923	-	12,611	4,708	19,242

As at 30 September 2024	24,998	43,935	196,017	16,280	281,230

Net Book Value
As at 30 September 2024	23,080	-	9,272	2,551	34,903

As at 1 October 2023	25,003	-	21,883	7,259	54,145

5. Stocks

	2024	2023
	£	£
Closing Stock	120,000	115,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	10,617	7,451
Prepayments and accrued income	8,492	7,883

	19,109	15,334

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	162,421	126,885
Other taxes and social security	7,965	3,572
VAT	31,712	9,992
Net wages	-	2,934
Pension fund	557	526
Bounce Back Loan	20,832	30,834
Director's loan account	200,504	269,634
Amounts owed to group undertakings	64,761	19,761

	488,752	464,138

Included in Amounts owed to group undertakings is a balance of £64,761 (2023: £19,761) which is owed to NJC Enterprises Ltd (Company No.09883391) of which Mr Neil John Carroll is Director.

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NJC Retail Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

9. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 October 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 30 September 2024
	£	£	£	£	£
Mr Neil Carroll	(269,634 )	163,674	(94,544 )	-	(200,504 )

The above loan is unsecured, interest free and repayable on demand.

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Neil John Carroll holding 100% of the shares.

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