Registered Number:07829838 |
For the year ended 30 November 2022
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2022
Navajo Leasing Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Navajo Leasing Ltd
Statement of Financial Position
2021
2022
Property, plant and equipment |
1,781,946
1,764,357
2
1,781,946
1,764,357
Trade and other receivables |
1,244,003
1,125,709
3
278,247
Cash and cash equivalents |
63,235
1,188,944
1,522,250
Trade and other payables: amounts falling due within one |
year |
(1,111,165)
(1,028,291)
4
411,085
160,653
Net current assets
Total assets less current liabilities |
1,942,599
2,175,442
Trade and other payables: amounts falling due after more |
than one year |
(1,170,777)
(994,388)
5
948,211
Net assets
1,004,665
1
1
948,210
1,004,664
948,211
1,004,665
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 27 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2022
Navajo Leasing Ltd
Notes to the Financial Statements
Statutory Information
Navajo Leasing Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07829838. |
Principal place of business: |
Building 582
Sandringham Road
London Heathrow Airport
Hounslow Middlesex
TW6 3SN
Forest Lodge
Forest Road
Pyrford
Surrey
GU22 8NA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Engineering Equipment
Computer equipment
20 % - 33.33 % Straight line |
Motor vehicles
Fixtures and fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
For the year ended 30 November 2022
Navajo Leasing Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
3,085,637
3,848
20,814
3,024,986
35,989
582,313
-
-
550,998
31,315
-
-
(124,958)
-
(124,958)
3,451,026
20,814
3,848
3,542,992
67,304
Provision for depreciation and impairment |
1,321,280
1,848
6,543
1,275,867
37,022
Charge for year
496,449
400
6,820
483,063
6,166
(56,683)
-
-
(56,683)
-
1,761,046
2,248
13,363
1,702,247
43,188
24,116
1,748,779
7,451
1,600
1,781,946
(1,033)
1,749,119
14,271
2,000
1,764,357
3. Trade and other receivables |
2021
2022
196,678
270,064
Amounts owed by group undertakings and participating interests |
79,368
357,587
849,663
616,352
1,244,003
1,125,709
4. Trade and other payables: amounts falling due within one year |
2021
2022
Bank loans and overdraft (secured) |
50,000
50,000
297,829
377,588
Taxation and social security |
80,891
111,024
599,571
572,553
1,028,291
1,111,165
3 of 4
For the year ended 30 November 2022
Navajo Leasing Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2021
2022
Bank loans and overdraft (secured) |
137,500
187,500
856,888
983,277
994,388
1,170,777
6. Directors advances and guarantees |
Loaned
Repaid
Interest
A Gardner
Short Term Loan
532,757
770,751
237,994
11,974
11,974
532,757
770,751
237,994
11,974
11,974
7. Average number of persons employed |
During the year the average number of employees was 9 (2021 : 10)
4 of 4