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REGISTERED NUMBER: SC651594 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

The Nautilus Book Company Limited

The Nautilus Book Company Limited (Registered number: SC651594)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


The Nautilus Book Company Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A P G Barclay





REGISTERED OFFICE: 5 Derby Street
Edinburgh
EH6 4SQ





REGISTERED NUMBER: SC651594 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

The Nautilus Book Company Limited (Registered number: SC651594)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,718 20,993

CURRENT ASSETS
Stocks 41,557 49,510
Debtors 5 276 2,983
Cash at bank 13,841 4,426
55,674 56,919
CREDITORS
Amounts falling due within one year 6 67,519 65,174
NET CURRENT LIABILITIES (11,845 ) (8,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,873

12,738

PROVISIONS FOR LIABILITIES 3,066 4,496
NET ASSETS 807 8,242

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 707 8,142
807 8,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

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 22 October 2024 and were signed by:





A P G Barclay - Director


The Nautilus Book Company Limited (Registered number: SC651594)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

The Nautilus Book Company Limited is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipments - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

Going concern
At the balance sheet date the Company's liabilities exceed its assets by £3,601. The Company meets its day to day working capital requirements from daily takings and loans from the Directors and shareholders. The financial statements were prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future.The Directors believe that the financial statements should be prepared on a going concern basis

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

The Nautilus Book Company Limited (Registered number: SC651594)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipments Totals
£    £    £    £   
COST
At 1 February 2023 3,325 22,141 748 26,214
Additions 841 - - 841
At 31 January 2024 4,166 22,141 748 27,055
DEPRECIATION
At 1 February 2023 318 4,750 153 5,221
Charge for year 394 5,535 187 6,116
At 31 January 2024 712 10,285 340 11,337
NET BOOK VALUE
At 31 January 2024 3,454 11,856 408 15,718
At 31 January 2023 3,007 17,391 595 20,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 2,202
VAT - 258
Prepayments and accrued income 276 523
276 2,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors - 1
Social security and other taxes 1,653 841
VAT 2,493 -
Other creditors 58,596 57,933
Directors' current accounts 3,668 5,668
Accrued expenses 1,109 731
67,519 65,174

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 6,250 6,250

8. RELATED PARTY DISCLOSURES

At the year end the company was due the shareholder G Barclay £57,144 (2023 :£56,745) and due the director £3,668 (2023: £5,668). These loans are interest free.