01 December 2022 30 November 2023 No principle activity is included 11677511 2022-12-01 11677511 2023-11-30 11677511 2022-12-01 2023-11-30 11677511 2022-11-30 11677511 2021-12-01 2022-11-30 11677511 uk-core:WithinOneYear 2023-11-30 11677511 uk-core:WithinOneYear 2022-11-30 11677511 uk-core:ShareCapital 2023-11-30 11677511 uk-core:ShareCapital 2022-11-30 11677511 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 11677511 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 11677511 uk-bus:Director1 2022-12-01 2023-11-30 11677511 uk-bus:RegisteredOffice 2022-12-01 2023-11-30 11677511 uk-curr:PoundSterling 2022-12-01 2023-11-30 11677511 uk-bus:FRS102 2022-12-01 2023-11-30 11677511 uk-bus:FullAccounts 2022-12-01 2023-11-30 11677511 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11677511 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  NAFF CO 54 LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 NOVEMBER 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  NAFF CO 54 LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
       
  DIRECTORS
       
  Mr C Fehr
  Mr L Fehr
       
       
  SECRETARY
       
  Mr C Fehr
       
  REGISTERED OFFICE
       
  25 Park Street West
Luton,
Beds. LU1 3BE.
       
       
  COMPANY REGISTERED NUMBER
       
  11677511
       
       
  BANKERS
       
  Natwest Bank Plc
       
       
  ACCOUNTANTS
       
  Haartwells Limited
  Chartered Certified Accountants
  25 Park Street West,
Luton,
Beds.LU1 3BE.
  page 1
  NAFF CO 54 LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
       
       
       
  CONTENTS
       
  Pages
       
       
  3 Statement of Financial Position  
       
       
  4-6 Notes to the Financial Statements  
       
     
  page 2
  NAFF CO 54 LIMITED
  Company registered number: 11677511
  STATEMENT OF FINANCIAL POSITION AT 30 November 2023
           
    Note 2023 2022
      £ £ £
  CURRENT ASSETS
  Inventories   9,055 10,457
  Debtors 3 3,130 4,048
  Cash at bank and in hand   2,419 1,364
      14,604 15,869
  CREDITORS: Amounts falling due within one year 4 9,455 11,453
  NET CURRENT ASSETS   5,149 4,416
  NET ASSETS   £5,149 £4,416
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   5,049 4,316
  SHAREHOLDERS' FUNDS   £5,149 £4,416
       
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption 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 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 28 August 2024
 
  Signed on behalf of the board of directors
 
 
       
  Mr C Fehr, Director
       
       
  The notes on pages 4-6 form part of these financial statements
   
  page 3
  NAFF CO 54 LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Naff Co 54 Limited is a Private Limited Company incorporated in England and Wales.
         
  Registered office:
  25 Park Street West
Luton,
Beds. LU1 3BE.
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 December 2022.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 4-6 form part of these financial statements
   
  page 4
  NAFF CO 54 LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1j. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
    No. No.
  Management and administration 1 1
  Production and sales 1 1
    2 2
   
       
       
3. DEBTORS 2023 2022
    £ £
  Trade debtors 3,130 4,048
    £3,130 £4,048
   
  The notes on pages 4-6 form part of these financial statements
   
  page 5
  NAFF CO 54 LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
       
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Corporation tax - 649
  Other creditors 8,375 9,904
  Accruals and deferred income 1,080 900
    £9,455 £11,453
   
       
  The notes on pages 4-6 form part of these financial statements
   
  page 6