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REGISTERED NUMBER: 08254421 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

FOR

NAVITAS ENGINEERING LTD.

NAVITAS ENGINEERING LTD. (REGISTERED NUMBER: 08254421)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NAVITAS ENGINEERING LTD.

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024







DIRECTORS: L G Nel
P D Moses
J V Dowsett





REGISTERED OFFICE: 4th Floor 45 London Road
Reigate
Surrey
RH2 9PY





REGISTERED NUMBER: 08254421 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

NAVITAS ENGINEERING LTD. (REGISTERED NUMBER: 08254421)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,767 89,104

CURRENT ASSETS
Stocks 902,266 563,797
Debtors 5 726,654 264,368
Cash at bank 446,892 700,812
2,075,812 1,528,977
CREDITORS
Amounts falling due within one year 6 1,031,297 799,442
NET CURRENT ASSETS 1,044,515 729,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,090,282

818,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,090,182 818,539
SHAREHOLDERS' FUNDS 1,090,282 818,639

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

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

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 23 September 2024 and were signed on its behalf by:





P D Moses - Director


NAVITAS ENGINEERING LTD. (REGISTERED NUMBER: 08254421)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Navitas Engineering Ltd. 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2022 - 22 ) .

NAVITAS ENGINEERING LTD. (REGISTERED NUMBER: 08254421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 171,360
Additions 21,384
Disposals (53,590 )
At 31 March 2024 139,154
DEPRECIATION
At 1 November 2022 82,256
Charge for period 24,529
Eliminated on disposal (13,398 )
At 31 March 2024 93,387
NET BOOK VALUE
At 31 March 2024 45,767
At 31 October 2022 89,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 704,220 247,460
Other debtors 22,434 16,908
726,654 264,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 9,427 11,479
Trade creditors 291,554 7,444
Taxation and social security 497,189 376,307
Other creditors 233,127 404,212
1,031,297 799,442

7. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking and controlling party is Navitas Engineering Group Ltd which owns 100% of the share capital in Navitas Engineering Ltd and thereby exerts control over the company.

The address of the immediate parent is 45 London Road, Reigate Surrey, England RH2 9PY.

Topham Investco Limited is the largest undertakings for which group financial statements are drawn up. The consolidated financial statements for Topham Investco Limited can be obtained from 110 Wigmore Street, London, England, W1U 3RW.