REGISTERED NUMBER: 11076829 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

NJS Gold Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N J Hetherington

REGISTERED OFFICE:

Unit1 The Park

Spring Lane South

Malvern

Worcestershire

WR14 1AT

REGISTERED NUMBER:

11076829 (England and Wales)

ACCOUNTANTS:

Turl and Co Limited

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

FIXED ASSETS

Intangible assets

4

14,955

19,940

Tangible assets

5

5,331

6,996

20,286

26,936

CURRENT ASSETS

Stocks

117,699

126,362

Debtors

6

928

443

Cash at bank and in hand

58,505

39,196

177,132

166,001

CREDITORS

Amounts falling due within one year

7

(61,742

)

(34,721

)

NET CURRENT ASSETS

115,390

131,280

TOTAL ASSETS LESS CURRENT LIABILITIES

135,676

158,216

CREDITORS

Amounts falling due after more than one year

8

(134,764

)

(145,319

)

NET ASSETS

912

12,897

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

812

12,797

912

12,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

N J Hetherington - Director

1.	STATUTORY INFORMATION

NJS Gold 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.

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 2019, 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

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 Statement of Income and Retained Earnings, 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

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

49,856

AMORTISATION

At 1 February 2024

29,916

Charge for year

4,985

At 31 January 2025

34,901

NET BOOK VALUE

At 31 January 2025

14,955

At 31 January 2024

19,940

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

16,245

1,149

17,394

DEPRECIATION

At 1 February 2024

9,289

1,109

10,398

Charge for year

1,625

40

1,665

At 31 January 2025

10,914

1,149

12,063

NET BOOK VALUE

At 31 January 2025

5,331

-

5,331

At 31 January 2024

6,956

40

6,996

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Prepayments and accrued income

928

443

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

5,555

5,555

Trade creditors

30,626

10,216

Tax

8,586

5,263

Social security and other taxes

2,301

358

Pension payable

225

-

VAT

13,009

12,180

Directors' current accounts

540

249

Accrued expenses

900

900

61,742

34,721

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

5,555

5,555

Bank loans - 2-5 years

16,666

16,666

Bank loans more 5 yrs non-inst

1,852

7,407

Other loans

110,691

115,691

134,764

145,319

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,852

7,407