NJ Ventures Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08510741 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

NJ VENTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Blagburn

N Blagburn

REGISTERED OFFICE:

511 Durham Road

Gateshead

Tyne and Wear

NE9 5EY

REGISTERED NUMBER:

08510741 (England and Wales)

ACCOUNTANTS:

McCready Page Accountants

511 Durham Road

Low Fell

Gateshead

Tyne and Wear

NE9 5EY

FIXED ASSETS

Tangible assets

4

1,271

976

CURRENT ASSETS

Debtors

5

15,449

15,209

Cash at bank

93,395

81,155

108,844

96,364

CREDITORS

Amounts falling due within one year

6

57,649

53,055

NET CURRENT ASSETS

51,195

43,309

TOTAL ASSETS LESS CURRENT LIABILITIES

52,466

44,285

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

52,366

44,185

SHAREHOLDERS' FUNDS

52,466

44,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 27 January 2021 and were signed on its behalf by:

J Blagburn - Director

1.	STATUTORY INFORMATION

NJ Ventures Limited 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.

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 etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

1,457

Additions

1,172

At 30 April 2020

2,629

DEPRECIATION

At 1 May 2019

481

Charge for year

877

At 30 April 2020

1,358

NET BOOK VALUE

At 30 April 2020

1,271

At 30 April 2019

976

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/20

30/4/19

£

£

Trade debtors

13,680

13,440

Other debtors

1,769

1,769

15,449

15,209

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/20

30/4/19

£

£

Taxation and social security

16,593

19,255

Other creditors

41,056

33,800

57,649

53,055

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/20

30/4/19

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J Blagburn.