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REGISTERED NUMBER: 10810440 (England and Wales)















Financial Statements for the Year Ended 29 June 2023

for

Navigate Business Recovery Limited

Navigate Business Recovery Limited (Registered number: 10810440)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Navigate Business Recovery Limited

Company Information
for the Year Ended 29 June 2023







DIRECTOR: Mrs V D Bharkhada





REGISTERED OFFICE: C/o Kp & Co Avanta House
79 College Road
Harrow
Middlesex
HA1 1BD





REGISTERED NUMBER: 10810440 (England and Wales)





ACCOUNTANTS: KP & Company
15 Oldborough Road
Wembley
Middlesex
HA0 3PP

Navigate Business Recovery Limited (Registered number: 10810440)

Balance Sheet
29 June 2023

29.6.23 29.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,972 19,101

CURRENT ASSETS
Debtors 5 4,363 12,601
Cash at bank 17,885 3,967
22,248 16,568
CREDITORS
Amounts falling due within one year 6 47,770 33,990
NET CURRENT LIABILITIES (25,522 ) (17,422 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,550

)

1,679

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,650 ) 1,579
SHAREHOLDERS' FUNDS (2,550 ) 1,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 29 March 2024 and were signed by:





Mrs V D Bharkhada - Director


Navigate Business Recovery Limited (Registered number: 10810440)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. STATUTORY INFORMATION

Navigate Business Recovery 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 reducing balance and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Navigate Business Recovery Limited (Registered number: 10810440)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 June 2022 31,111
Additions 11,450
At 29 June 2023 42,561
DEPRECIATION
At 30 June 2022 12,010
Charge for year 7,579
At 29 June 2023 19,589
NET BOOK VALUE
At 29 June 2023 22,972
At 29 June 2022 19,101

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Trade debtors 1,050 9,288
Other debtors 3,313 3,313
4,363 12,601

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Trade creditors 12,670 19,302
Taxation and social security 10,729 11,393
Other creditors 24,371 3,295
47,770 33,990