Nikjam Enterprises Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10696679 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nikjam Enterprises Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A HollingsworthPalfrey

Mrs N E Palfrey

REGISTERED OFFICE:

23 Denmark Road

London

W13 8RQ

REGISTERED NUMBER:

10696679 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

61,732

74,523

CURRENT ASSETS

Debtors

5

40,131

32,609

Cash at bank

20,630

919

60,761

33,528

CREDITORS

Amounts falling due within one year

6

623,773

598,617

NET CURRENT LIABILITIES

(563,012

)

(565,089

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(501,280

)

(490,566

)

CREDITORS

Amounts falling due after more than one
year

7

26,527

39,114

NET LIABILITIES

(527,807

)

(529,680

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(527,907

)

(529,780

)

SHAREHOLDERS' FUNDS

(527,807

)

(529,680

)

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

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

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 28 August 2026 and were signed on its behalf by:

J A HollingsworthPalfrey - Director

1.	STATUTORY INFORMATION

Nikjam Enterprises 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 has been fully amortised in the current year.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

23,751

300,313

3,567

1,982

329,613

DEPRECIATION

At 1 April 2024

-

252,156

1,359

1,575

255,090

Charge for year

-

12,039

552

200

12,791

At 31 March 2025

-

264,195

1,911

1,775

267,881

NET BOOK VALUE

At 31 March 2025

23,751

36,118

1,656

207

61,732

At 31 March 2024

23,751

48,157

2,208

407

74,523

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

39,093

30,743

VAT

-

828

Prepayments

1,038

40,131

32,609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

737

-

Trade creditors

8,663

8,296

Social security and other taxes

(903

)

1,136

VAT

2,816

-

Other creditors

404,435

384,008

Directors' current accounts

206,780

203,982

Accrued expenses

1,245

1,195

623,773

598,617

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

26,527

39,114

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

J A HollingsworthPalfrey

Balance outstanding at start of year

(203,983

)

(223,903

)

Amounts advanced

22,760

38,428

Amounts repaid

(25,557

)

(18,508

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(206,780

)

(203,983

)

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr J Hollingsworth-Palfrey throughout the current and previous period. Mr J Hollingsworth-Palfrey is the managing director and majority shareholder.

Other creditors includes a balance of £403,934 (2024: £383,507) which is due to H E Law Limited. £500 (2024: £500 )which is due to Rebel24 Limited

Mr J Hollingsworth-Palfrey is a director and shareholder of the aforementioned companies. Both balances are payable on demand under normal commercial terms.

Other Debtors includes a balance of £36,497 (2024: £28,147) which is owed from Tri-Fit Gym Limited.

Mr J Hollingsworth-Palfrey is a director of the aforementioned company.

11.	GOING CONCERN

Whilst the balance sheet is overdrawn, the Company continues to receive the support of the Directors and shareholders.