NS RETAIL (UK) LTD - Filleted accounts

Registered number

SC511666

NS RETAIL (UK) LTD

Filleted Accounts

31 March 2025

NS RETAIL (UK) LTD
Registered number:		SC511666
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		73,507			77,376
Tangible assets	4		23,276			29,435
			96,783			106,811

Current assets
Stocks		45,425			65,215
Debtors	5	3,510			4,469
Cash at bank and in hand		21,041			13,693
		69,976			83,377

Creditors: amounts falling due within one year	6	(53,006)			(86,673)

Net current assets/(liabilities)			16,970			(3,296)

Total assets less current liabilities			113,753			103,515

Creditors: amounts falling due after more than one year	7		(32,228)			(47,813)

Provisions for liabilities			-			-


Net assets			81,525			55,702

Capital and reserves
Called up share capital			2			2
Share premium			-			-
Profit and loss account			81,523			55,700

Shareholders' funds			81,525			55,702

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




SHAHZAD FAROOQ
Director
Approved by the board on 13 October 2025

NS RETAIL (UK) LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 10% reducing balance.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			6		5


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					112,808
	Additions					-
	Disposals					-
	At 31 March 2025					112,808

	Amortisation
	At 1 April 2024					35,432
	Provided during the year					3,869
	On disposals					-
	At 31 March 2025					39,301

	Net book value
	At 31 March 2025					73,507
	At 31 March 2024					77,376



4	Tangible fixed assets
		Fixtures & Fittings		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	53,364		26,893		80,257
	Additions	-		-		-
	Surplus on revaluation	-		-		-
	Disposals	1,600		-		1,600
	At 31 March 2025	54,964		26,893		81,857

	Depreciation
	At 1 April 2024	48,021		2,801		50,822
	Charge for the year	1,736		6,023		7,759
	Surplus on revaluation	-		-		-
	On disposals	-		-		-
	At 31 March 2025	49,757		8,824		58,581

	Net book value
	At 31 March 2025	5,207		18,069		23,276
	At 31 March 2024	5,343		24,092		29,435


5	Debtors			2025		2024
£					£

	Deferred tax asset			-		-
	Other debtors			3,510		4,469
				3,510		4,469

	Amounts due after more than one year included above			-		-




6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			30,331		67,088
	Accruals			-		4,168
	Taxation and social security costs			20,218		14,797
	Other creditors			2,457		620
				53,006		86,673


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			13,624		24,135
	Obligations under finance lease and hire purchase contracts			18,604		23,678
				32,228		47,813



8	Other information

	NS RETAIL (UK) LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
	162 DARNLEY STREET

	GLASGOW

	G41 2LL