IRIS Accounts Production v24.2.0.383 08861678 director 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088616782023-04-30088616782024-04-30088616782023-05-012024-04-30088616782022-04-30088616782022-05-012023-04-30088616782023-04-3008861678ns15:EnglandWales2023-05-012024-04-3008861678ns14:PoundSterling2023-05-012024-04-3008861678ns10:Director12023-05-012024-04-3008861678ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008861678ns10:SmallEntities2023-05-012024-04-3008861678ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3008861678ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008861678ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008861678ns10:FullAccounts2023-05-012024-04-300886167812023-05-012024-04-3008861678ns10:OrdinaryShareClass12023-05-012024-04-3008861678ns10:RegisteredOffice2023-05-012024-04-3008861678ns5:CurrentFinancialInstruments2024-04-3008861678ns5:CurrentFinancialInstruments2023-04-3008861678ns5:Non-currentFinancialInstruments2024-04-3008861678ns5:Non-currentFinancialInstruments2023-04-3008861678ns5:ShareCapital2024-04-3008861678ns5:ShareCapital2023-04-3008861678ns5:SharePremium2024-04-3008861678ns5:SharePremium2023-04-3008861678ns5:RetainedEarningsAccumulatedLosses2024-04-3008861678ns5:RetainedEarningsAccumulatedLosses2023-04-3008861678ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3008861678ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3008861678ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-05-012024-04-3008861678ns5:PlantMachinery2023-05-012024-04-3008861678ns5:FurnitureFittings2023-05-012024-04-3008861678ns5:ComputerEquipment2023-05-012024-04-3008861678ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-3008861678ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-3008861678ns5:PatentsTrademarksLicencesConcessionsSimilar2024-04-3008861678ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-04-3008861678ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-3008861678ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-3008861678ns5:PlantMachinery2023-04-3008861678ns5:FurnitureFittings2023-04-3008861678ns5:ComputerEquipment2023-04-3008861678ns5:PlantMachinery2024-04-3008861678ns5:FurnitureFittings2024-04-3008861678ns5:ComputerEquipment2024-04-3008861678ns5:PlantMachinery2023-04-3008861678ns5:FurnitureFittings2023-04-3008861678ns5:ComputerEquipment2023-04-3008861678ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008861678ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008861678ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 08861678 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Navitas Digital Safety Limited

Navitas Digital Safety Limited (Registered number: 08861678)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Navitas Digital Safety Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B J Gardner





REGISTERED OFFICE: Unit 7
Grove Court
Grove Park
Enderby
Leicestershire
LE19 1SA





REGISTERED NUMBER: 08861678 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Navitas Digital Safety Limited (Registered number: 08861678)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,318 11,583
13,318 11,583

CURRENT ASSETS
Stocks 884,113 1,031,354
Debtors 6 519,950 373,115
Cash at bank 1,685,140 34,364
3,089,203 1,438,833
CREDITORS
Amounts falling due within one year 7 1,360,328 1,931,325
NET CURRENT ASSETS/(LIABILITIES) 1,728,875 (492,492 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,742,193

(480,909

)

CREDITORS
Amounts falling due after more than one
year

8

261,886

5,885,497
NET ASSETS/(LIABILITIES) 1,480,307 (6,366,406 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 100
Share premium 9,499,100 -
Retained earnings (8,019,793 ) (6,366,506 )
SHAREHOLDERS' FUNDS 1,480,307 (6,366,406 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Navitas Digital Safety Limited (Registered number: 08861678)

Balance Sheet - continued
30 April 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 director and authorised for issue on 30 September 2024 and were signed by:





B J Gardner - Director


Navitas Digital Safety Limited (Registered number: 08861678)

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

1. STATUTORY INFORMATION

Navitas Digital Safety 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.

The financial statements have been prepared on a going concern basis, assuming the company will continue to trade. This assumption depends on the ability of the directors to maintain the necessary financial support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Navitas Digital Safety Limited (Registered number: 08861678)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 8,336 241,144 249,480
AMORTISATION
At 1 May 2023
and 30 April 2024 8,336 241,144 249,480
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 320 717 24,911 25,948
Additions - 850 6,073 6,923
At 30 April 2024 320 1,567 30,984 32,871
DEPRECIATION
At 1 May 2023 128 537 13,700 14,365
Charge for year 32 167 4,989 5,188
At 30 April 2024 160 704 18,689 19,553
NET BOOK VALUE
At 30 April 2024 160 863 12,295 13,318
At 30 April 2023 192 180 11,211 11,583

Navitas Digital Safety Limited (Registered number: 08861678)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 335,014 347,997
Other debtors 184,936 25,118
519,950 373,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,367 47,932
Trade creditors 193,164 261,442
Taxation and social security 398,021 602,260
Other creditors 762,776 1,019,691
1,360,328 1,931,325

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 32,367 38,734
Other creditors 229,519 5,846,763
261,886 5,885,497

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary 1 1,000 100

10. RELATED PARTY DISCLOSURES

At the year end date within other creditors the following balances are due:

The European Safety Bureau Ltd - £80,056 (2023 - £95,908).

Gardner James LLP - £226,203 (2023 - £238,253).

Navitas Group Limited - £160,881 (2023 - £5,662,148).

The above are companies to which Mr B Gardner and/or Mr D R Gardner are related.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Navitas Group Limited.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Navitas Digital Safety 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Navitas Digital Safety Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Navitas Digital Safety Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Navitas Digital Safety Limited and state those matters that we have agreed to state to the director of Navitas Digital Safety Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Navitas Digital Safety Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Navitas Digital Safety Limited. You consider that Navitas Digital Safety Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Navitas Digital Safety Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


30 September 2024