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REGISTERED NUMBER: 10517826 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

NautX Limited

NautX Limited (Registered number: 10517826)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

NautX Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A R Langford





REGISTERED OFFICE: Ford Cottage
Ford Street
Wellington
Somerset
TA21 9PE





REGISTERED NUMBER: 10517826 (England and Wales)





ACCOUNTANTS: A Plus Accountancy & Business Solutions Limited
The Counting House
Tonedale Business Park
Wellington
Somerset
TA21 0AW

NautX Limited (Registered number: 10517826)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 210 210
Tangible assets 5 45,864 53,339
Investments 6 28,990 28,990
75,064 82,539

CURRENT ASSETS
Debtors 7 251,143 66,620
Cash at bank 14,919 153,603
266,062 220,223
CREDITORS
Amounts falling due within one year 8 115,051 46,509
NET CURRENT ASSETS 151,011 173,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,075

256,253

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 226,074 256,252
226,075 256,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 14 August 2024 and were signed by:




A R Langford - Director


NautX Limited (Registered number: 10517826)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

NautX 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.
Aircraft - 10% on cost
Tools & equipment - 20% on reducing balance
Office equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Patents &
licences
£   
COST
At 1 January 2023
and 31 December 2023 210
NET BOOK VALUE
At 31 December 2023 210
At 31 December 2022 210

NautX Limited (Registered number: 10517826)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Tools & Office
Aircraft equipment equipment Totals
£    £    £    £   
COST
At 1 January 2023 80,143 3,053 16,234 99,430
Additions - 691 2,381 3,072
At 31 December 2023 80,143 3,744 18,615 102,502
DEPRECIATION
At 1 January 2023 34,222 1,951 9,918 46,091
Charge for year 8,015 358 2,174 10,547
At 31 December 2023 42,237 2,309 12,092 56,638
NET BOOK VALUE
At 31 December 2023 37,906 1,435 6,523 45,864
At 31 December 2022 45,921 1,102 6,316 53,339

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 28,990
NET BOOK VALUE
At 31 December 2023 28,990
At 31 December 2022 28,990

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 33,298 48,041
Other debtors 217,845 18,579
251,143 66,620

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 105,806 43,294
Other creditors 9,245 3,215
115,051 46,509

NautX Limited (Registered number: 10517826)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
A R Langford
Balance outstanding at start of year (75 ) (125 )
Amounts advanced 286,437 72,140
Amounts repaid (87,430 ) (72,090 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 198,932 (75 )

NautX Limited

Report of the Accountants to the Director of
NautX Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






A Plus Accountancy & Business Solutions Limited
The Counting House
Tonedale Business Park
Wellington
Somerset
TA21 0AW


Date: .............................................