0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 52,000 52,000 52,000 xbrli:pure xbrli:shares iso4217:GBP 13767587 2022-12-01 2023-11-30 13767587 2023-11-30 13767587 2022-11-30 13767587 2021-11-26 2022-11-30 13767587 2022-11-30 13767587 2021-11-25 13767587 bus:Director1 2022-12-01 2023-11-30 13767587 bus:Director2 2022-12-01 2023-11-30 13767587 bus:Director3 2022-12-01 2023-11-30 13767587 bus:Director4 2022-12-01 2023-11-30 13767587 core:WithinOneYear 2023-11-30 13767587 core:WithinOneYear 2022-11-30 13767587 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 13767587 core:ShareCapital 2023-11-30 13767587 core:ShareCapital 2022-11-30 13767587 core:RetainedEarningsAccumulatedLosses 2023-11-30 13767587 core:RetainedEarningsAccumulatedLosses 2022-11-30 13767587 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-30 13767587 bus:SmallEntities 2022-12-01 2023-11-30 13767587 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13767587 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13767587 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13767587 bus:FullAccounts 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 13767587
Navigate Eco Solutions Limited
Filleted Unaudited Financial Statements
30 November 2023
Navigate Eco Solutions Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
4
52,000
Current assets
Debtors
5
29,787
Cash at bank and in hand
6,279
17,293
--------
--------
36,066
17,293
Creditors: amounts falling due within one year
6
102,310
10,794
---------
--------
Net current (liabilities)/assets
( 66,244)
6,499
--------
-------
Total assets less current liabilities
( 14,244)
6,499
--------
-------
Net (liabilities)/assets
( 14,244)
6,499
--------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 14,246)
6,497
--------
-------
Shareholders (deficit)/funds
( 14,244)
6,499
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Navigate Eco Solutions Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 23 July 2024 , and are signed on behalf of the board by:
Mr R H Arden
Mr I D Cocks
Director
Director
Mrs A K Arden
Mr D W Monks
Director
Director
Company registration number: 13767587
Navigate Eco Solutions Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kiln House, Newton Lane, Tattenhall, Chester, Cheshire, CH39AY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4. Intangible assets
Development costs
£
Cost
Additions
52,000
--------
At 30 November 2023
52,000
--------
Amortisation
At 1 December 2022 and 30 November 2023
--------
Carrying amount
At 30 November 2023
52,000
--------
At 30 November 2022
--------
5. Debtors
2023
2022
£
£
Corporation tax repayable
1,524
Other debtors
28,263
--------
----
29,787
--------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
22,968
48
Accruals and deferred income
8,894
1,000
Corporation tax
1,524
Social security and other taxes
174
Other creditors
70,448
8,048
---------
--------
102,310
10,794
---------
--------