Company Registration No. 11824320 (England and Wales)
Nautilus Marketing Ltd
Unaudited accounts
for the year ended 29 February 2024
Nautilus Marketing Ltd
Unaudited accounts
Contents
Nautilus Marketing Ltd
Company Information
for the year ended 29 February 2024
Directors
Jake Ashby
Thomas Jauncey
Company Number
11824320 (England and Wales)
Registered Office
85 FIRST FLOOR
GREAT PORTLAND STREET
LONDON
W1W 7LT
ENGLAND
Accountants
Power Team Accountants
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW
Nautilus Marketing Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
23,265
2,450
Tangible assets
3,246
6,644
Cash at bank and in hand
71,774
120,794
Creditors: amounts falling due within one year
(4,913)
(70,785)
Net current assets
136,757
106,764
Net assets
163,268
115,858
Called up share capital
200
200
Profit and loss account
163,068
115,658
Shareholders' funds
163,268
115,858
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Thomas Jauncey
Director
Company Registration No. 11824320
Nautilus Marketing Ltd
Notes to the Accounts
for the year ended 29 February 2024
Nautilus Marketing Ltd is a private company, limited by shares, registered in England and Wales, registration number 11824320. The registered office is 85 FIRST FLOOR, GREAT PORTLAND STREET, LONDON, W1W 7LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Nautilus Marketing Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 March 2023
4,500
200
4,700
At 29 February 2024
4,500
24,600
29,100
At 1 March 2023
2,250
-
2,250
Charge for the year
1,125
2,460
3,585
At 29 February 2024
3,375
2,460
5,835
At 29 February 2024
1,125
22,140
23,265
At 28 February 2023
2,250
200
2,450
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
380
13,220
13,600
At 29 February 2024
1,568
13,311
14,879
At 1 March 2023
177
6,779
6,956
Charge for the year
523
4,154
4,677
At 29 February 2024
700
10,933
11,633
At 29 February 2024
868
2,378
3,246
At 28 February 2023
203
6,441
6,644
Amounts falling due within one year
Trade debtors
69,896
56,755
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
20,359
10,221
Taxes and social security
20,899
44,321
Loans from directors
(38,956)
1,714
Nautilus Marketing Ltd
Notes to the Accounts
for the year ended 29 February 2024
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).