N9 LTD - Filleted accounts

Registered number

05640964

N9 LTD

Filleted Accounts

31 March 2026

N9 LTD
Registered number:		05640964
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		21,967			54,917
Tangible assets	4		13,221			17,119
			35,188			72,036

Current assets
Stocks		45,028			58,536
Debtors	5	186,916			642,172
Cash at bank and in hand		297			1,959
		232,241			702,667

Creditors: amounts falling due within one year	6	(333,890)			(313,508)

Net current (liabilities)/assets			(101,649)			389,159

Net (liabilities)/assets			(66,461)			461,195

Capital and reserves
Called up share capital			6			6
Revaluation reserve	7		(628,204)			-
Profit and loss account			561,737			461,189

Shareholders' funds			(66,461)			461,195

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.



Anup Patel
Director
Approved by the board on 18 September 2026

N9 LTD
Notes to the Accounts
for the year ended 31 March 2026


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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term
	Plant and machinery	25% reducing balance
	Goodwill	5% Straght line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

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


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			10		12


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2025					659,000
	At 31 March 2026					659,000

	Amortisation
	At 1 April 2025					604,083
	Provided during the year					32,950
	At 31 March 2026					637,033

	Net book value
	At 31 March 2026					21,967
	At 31 March 2025					54,917



4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	70,713		116,024		186,737
	At 31 March 2026	70,713		116,024		186,737

	Depreciation
	At 1 April 2025	57,095		112,523		169,618
	Charge for the year	2,724		1,174		3,898
	At 31 March 2026	59,819		113,697		173,516

	Net book value
	At 31 March 2026	10,894		2,327		13,221
	At 31 March 2025	13,618		3,501		17,119


5	Debtors			2026		2025
£					£

	Trade debtors			100,914		95,986
	Rent Deposit			69,022		78,632
	Prepayments			1,919		18,847
	Other debtors			15,061		448,707
				186,916		642,172


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			19,275		19,836
	Trade creditors			215,052		249,137
	Taxation and social security costs			56,610		12,483
	Other creditors			42,953		32,052
				333,890		313,508


7	Revaluation reserve			2026		2025
£					£

	Loss on revaluation of land and buildings			(628,204)		-

	At 31 March 2026			(628,204)		-


8	Other information

	N9 LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Elthorne Gate
	64 High Street
	Pinner
	England
	HA5 5QA