IRIS Accounts Production v24.1.0.578 05485238 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054852382022-11-30054852382023-11-30054852382022-12-012023-11-30054852382021-11-30054852382021-12-012022-11-30054852382022-11-3005485238ns15:EnglandWales2022-12-012023-11-3005485238ns14:PoundSterling2022-12-012023-11-3005485238ns10:Director12022-12-012023-11-3005485238ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005485238ns10:SmallEntities2022-12-012023-11-3005485238ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005485238ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005485238ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005485238ns10:FullAccounts2022-12-012023-11-300548523812022-12-012023-11-3005485238ns10:CompanySecretary12022-12-012023-11-3005485238ns10:RegisteredOffice2022-12-012023-11-3005485238ns5:CurrentFinancialInstruments2023-11-3005485238ns5:CurrentFinancialInstruments2022-11-3005485238ns5:ShareCapital2023-11-3005485238ns5:ShareCapital2022-11-3005485238ns5:RetainedEarningsAccumulatedLosses2023-11-3005485238ns5:RetainedEarningsAccumulatedLosses2022-11-3005485238ns5:PlantMachinery2022-12-012023-11-3005485238ns5:IntangibleAssetsOtherThanGoodwill2022-11-3005485238ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3005485238ns5:IntangibleAssetsOtherThanGoodwill2023-11-3005485238ns5:IntangibleAssetsOtherThanGoodwill2022-11-3005485238ns5:PlantMachinery2022-11-3005485238ns5:PlantMachinery2023-11-3005485238ns5:PlantMachinery2022-11-3005485238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3005485238ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30054852381ns10:Director12022-11-30054852381ns10:Director12021-11-30054852381ns10:Director12022-12-012023-11-30054852381ns10:Director12021-12-012022-11-30054852381ns10:Director12023-11-30054852381ns10:Director12022-11-30
REGISTERED NUMBER: 05485238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NATIVO LIMITED

NATIVO LIMITED (REGISTERED NUMBER: 05485238)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NATIVO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A J Wood





SECRETARY: R A Wood





REGISTERED OFFICE: St Paul's House
23 Park Square
Leeds
LS1 2ND





REGISTERED NUMBER: 05485238 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

NATIVO LIMITED (REGISTERED NUMBER: 05485238)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 83,837 119,359
Tangible assets 5 40,369 53,557
124,206 172,916

CURRENT ASSETS
Debtors 6 227,449 147,196
Cash at bank and in hand 1,043,167 1,217,630
1,270,616 1,364,826
CREDITORS
Amounts falling due within one year 7 291,400 365,269
NET CURRENT ASSETS 979,216 999,557
TOTAL ASSETS LESS CURRENT LIABILITIES 1,103,422 1,172,473

PROVISIONS FOR LIABILITIES 10,009 13,000
NET ASSETS 1,093,413 1,159,473

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,093,313 1,159,373
SHAREHOLDERS' FUNDS 1,093,413 1,159,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NATIVO LIMITED (REGISTERED NUMBER: 05485238)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 28 August 2024 and were signed by:





A J Wood - Director


NATIVO LIMITED (REGISTERED NUMBER: 05485238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Nativo 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.

The principal activity of the company in the year under review was that of marketing.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern Basis.

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 - 25% on cost

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.

NATIVO LIMITED (REGISTERED NUMBER: 05485238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

The project is still in development and will be amortised over the projects estimated useful life once the project has been completed.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Where assets are financed by leasing agreements that give rights approximating to ownership ('finance leases'), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payable during the lease term. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account.

Lease payments are analysed between capital and interest components so that the interest element of the payment is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of the repayments outstanding. The capital element reduces the amounts payable to the lessor.

All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight line basis over the term of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2022 - 51 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022 182,267
Additions 1,000
At 30 November 2023 183,267
AMORTISATION
At 1 December 2022 62,908
Charge for year 36,522
At 30 November 2023 99,430
NET BOOK VALUE
At 30 November 2023 83,837
At 30 November 2022 119,359

NATIVO LIMITED (REGISTERED NUMBER: 05485238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 122,994
Additions 2,964
At 30 November 2023 125,958
DEPRECIATION
At 1 December 2022 69,437
Charge for year 16,152
At 30 November 2023 85,589
NET BOOK VALUE
At 30 November 2023 40,369
At 30 November 2022 53,557

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 110,268 46,046
Other debtors 117,181 101,150
227,449 147,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 55,277 3,351
Taxation and social security 129,819 147,390
Other creditors 106,304 214,528
291,400 365,269

NATIVO LIMITED (REGISTERED NUMBER: 05485238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
A J Wood
Balance outstanding at start of year 75,760 48,800
Amounts advanced 81,400 118,960
Amounts repaid (85,700 ) (92,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,460 75,760

The company charged the director interest of £1,400 (2022 : £2,782) on the loan which was repaid prior to the date of these financial statements.