NIJ ENTERPRISES LTD
NIJ ENTERPRISES LTD
Registered number: 3441222
Unaudited Financial Statements
For The Year Ended
31 December 2022
NIJ ENTERPRISES LTD
Unaudited Financial Statements
For The Year Ended
31 December 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Page 1
NIJ ENTERPRISES LTD
Balance Sheet
As at
31 December 2022
Balance Sheet
Registered number:
3441222
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2022 | 2021 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 4 |
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| Tangible Assets | 5 |
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| CURRENT ASSETS | |||||
| Stocks | 6 |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 2,127,181 | 1,969,871 | |||
Page 1
Page 2
NIJ ENTERPRISES LTD
Balance Sheet (continued)
As at
31 December 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
NIJ ENTERPRISES LTD
Notes to the Financial Statements
For The Year Ended
31 December 2022
Notes to the Financial Statements
1.
General Information
NIJ ENTERPRISES LTD
Registered number
3441222
is a limited by shares company incorporated in England & Wales. The Registered Office is HIGH GABLE, HAZEL GROVE, ORPINGTON, KENT, BR6 8LU.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2.
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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Motor Vehicles |
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| Fixtures & Fittings |
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2.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 129 (2021: 124)
Page 3
Page 4
NIJ ENTERPRISES LTD
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
4.
Intangible Assets
| Other | |||
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| Cost | |||
| As at
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| Net Book Value | |||
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5.
Tangible Assets
| Land & Property | ||||
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| Leasehold | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
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| Depreciation | ||||
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| Provided during the period |
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| Net Book Value | ||||
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6.
Stocks
| 2022 | 2021 | ||
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| £ | £ | ||
| Stock |
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7.
Debtors
| 2022 | 2021 | ||
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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Page 4
Page 5
NIJ ENTERPRISES LTD
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
8.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
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| £ | £ | ||
| Corporation tax |
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| Other creditors |
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9.
Share Capital
| 2022 | 2021 | ||
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| Allotted, Called up and fully paid |
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10.
Directors Advances, Credits and Guarantees
Dividends paid to directors
11.
Dividends
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 40,000 | 140,000 | ||
12.
Ultimate Controlling Party
The company's ultimate controlling party is
Mr N Madlani
by virtue of his ownership of 100% of the issued share capital in the company.
Page 5