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Navigate Partners Ltd
Registered Number:12583808
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
Navigate Partners Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12583808
As at 31 May 2023
Navigate Partners Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
560
1,851
2
560
1,851
Current assets
Trade and other receivables
76,276
61,717
3
32,430
Cash and cash equivalents
23,424
85,141
108,706
Trade and other payables: amounts falling due within one
year
(68,332)
(45,323)
4
40,374
39,818
Net current assets
Total assets less current liabilities
40,378
42,225
40,378
Net assets
42,225
Capital and reserves
Called up share capital
300
300
Retained earnings
40,078
41,925
40,378
42,225
Shareholders' funds
For the year ended 31 May 2023 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 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
Mr Christopher Foster Director
These financial statements were approved and authorised for issue by the Board on 19 January 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2023
Navigate Partners Ltd
Notes to the Financial Statements
Statutory Information
Navigate Partners Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12583808.
Registered address:
The Oast
EMR Centre, New Road
East Malling
Kent
ME19 6BJ
The presentation currency is £ sterling.
1. Accounting policies
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 for PR & management consutancy services.
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:
3.33% Straight line
Computer Equipment
25% Straight line
Equipment Furniture & Fittings
2. Property, plant and equipment
Total
Computer
Equipment
Equipment
Furniture &
Fittings
£
£
£
Cost or
valuation
At 01 June 2022
4,031
3,395
636
At 31 May 2023
636
3,395
4,031
Provision for depreciation and impairment
At 01 June 2022
2,180
1,895
285
Charge for year
1,291
1,132
159
At 31 May 2023
3,471
3,027
444
At 31 May 2023
Net book value
192
368
560
At 31 May 2022
351
1,500
1,851
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5
For the year ended 31 May 2023
Navigate Partners Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
61,067
75,626
Other debtors
650
650
76,276
61,717
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
3,272
24,157
Taxation and social security
11,924
11,464
Other creditors
30,127
32,711
45,323
68,332
5. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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