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REGISTERED NUMBER: 04753467 (England and Wales)




















Financial Statements

for the Year Ended 30 June 2024

for

NAUTILUS PROJECTS LIMITED

NAUTILUS PROJECTS LIMITED (REGISTERED NUMBER: 04753467)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAUTILUS PROJECTS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: PSC Sutton
Mrs J E Sutton





SECRETARY: Mrs J E Sutton





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 04753467 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

NAUTILUS PROJECTS LIMITED (REGISTERED NUMBER: 04753467)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,425 10,004

CURRENT ASSETS
Debtors 5 46,496 65,403
Cash at bank 8,716 47,223
55,212 112,626
CREDITORS
Amounts falling due within one year 6 (56,054 ) (68,962 )
NET CURRENT (LIABILITIES)/ASSETS (842 ) 43,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,583

53,668

CREDITORS
Amounts falling due after more than one
year

7

(3,600

)

(7,200

)

PROVISIONS FOR LIABILITIES (1,600 ) (2,501 )
NET ASSETS 2,383 43,967

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,283 43,867
SHAREHOLDERS' FUNDS 2,383 43,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NAUTILUS PROJECTS LIMITED (REGISTERED NUMBER: 04753467)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





PSC Sutton - Director


NAUTILUS PROJECTS LIMITED (REGISTERED NUMBER: 04753467)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Nautilus Projects 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.
Cycles - 20% on cost
Fixtures and fittings - 25% on reducing balance
Website Design - 50% on cost
Computer & office equipment - Straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

NAUTILUS PROJECTS LIMITED (REGISTERED NUMBER: 04753467)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures Computer
and Website & office
Cycles fittings Design equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 4,498 6,747 3,200 28,171 42,616
Additions - - - 5,518 5,518
Disposals - - - (2,908 ) (2,908 )
At 30 June 2024 4,498 6,747 3,200 30,781 45,226
DEPRECIATION
At 1 July 2023 1,426 5,980 3,200 22,006 32,612
Charge for year 614 191 - 5,426 6,231
Eliminated on disposal - - - (2,042 ) (2,042 )
At 30 June 2024 2,040 6,171 3,200 25,390 36,801
NET BOOK VALUE
At 30 June 2024 2,458 576 - 5,391 8,425
At 30 June 2023 3,072 767 - 6,165 10,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 17,955 22,834
Other debtors 28,541 42,569
46,496 65,403

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) 3,600 3,600
Trade creditors 8,897 22,657
Taxation and social security 24,832 28,162
Other creditors 18,725 14,543
56,054 68,962

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 3,600 7,200

NAUTILUS PROJECTS LIMITED (REGISTERED NUMBER: 04753467)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,600 3,600

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,600 3,600

Amounts falling due between two and five years:
Bank loans - 2-5 years - 3,600

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
PSC Sutton
Balance outstanding at start of year 5,273 2,250
Amounts advanced 16,400 5,273
Amounts repaid (4,016 ) (2,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,657 5,273