Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-04-011313false NI024464 2023-04-01 2024-03-31 NI024464 2022-04-01 2023-03-31 NI024464 2024-03-31 NI024464 2023-03-31 NI024464 c:Director3 2023-04-01 2024-03-31 NI024464 c:Director5 2023-04-01 2024-03-31 NI024464 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 NI024464 d:Buildings d:ShortLeaseholdAssets 2024-03-31 NI024464 d:Buildings d:ShortLeaseholdAssets 2023-03-31 NI024464 d:FurnitureFittings 2023-04-01 2024-03-31 NI024464 d:FurnitureFittings 2024-03-31 NI024464 d:FurnitureFittings 2023-03-31 NI024464 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI024464 d:ComputerEquipment 2023-04-01 2024-03-31 NI024464 d:ComputerEquipment 2024-03-31 NI024464 d:ComputerEquipment 2023-03-31 NI024464 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI024464 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 NI024464 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI024464 d:CurrentFinancialInstruments 2024-03-31 NI024464 d:CurrentFinancialInstruments 2023-03-31 NI024464 d:Non-currentFinancialInstruments 2024-03-31 NI024464 d:Non-currentFinancialInstruments 2023-03-31 NI024464 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 NI024464 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 NI024464 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 NI024464 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 NI024464 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 NI024464 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 NI024464 d:ShareCapital 2024-03-31 NI024464 d:ShareCapital 2023-03-31 NI024464 d:RetainedEarningsAccumulatedLosses 2024-03-31 NI024464 d:RetainedEarningsAccumulatedLosses 2023-03-31 NI024464 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-04-01 2024-03-31 NI024464 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 NI024464 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-03-31 NI024464 c:OrdinaryShareClass1 2023-04-01 2024-03-31 NI024464 c:OrdinaryShareClass1 2024-03-31 NI024464 c:OrdinaryShareClass1 2023-03-31 NI024464 c:OrdinaryShareClass2 2023-04-01 2024-03-31 NI024464 c:OrdinaryShareClass2 2024-03-31 NI024464 c:OrdinaryShareClass2 2023-03-31 NI024464 c:FRS102 2023-04-01 2024-03-31 NI024464 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI024464 c:FullAccounts 2023-04-01 2024-03-31 NI024464 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI024464 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 NI024464 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 NI024464 d:OtherDeferredTax 2024-03-31 NI024464 d:OtherDeferredTax 2023-03-31 NI024464 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI024464










Navigator Blue Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Navigator Blue Limited
Registered number: NI024464

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
29,316
34,511

  
29,316
34,511

Current assets
  

Debtors: amounts falling due within one year
 6 
842,318
908,427

Cash at bank and in hand
 7 
4,230
37,537

  
846,548
945,964

Creditors: amounts falling due within one year
 8 
(684,601)
(807,307)

Net current assets
  
 
 
161,947
 
 
138,657

Total assets less current liabilities
  
191,263
173,168

Creditors: amounts falling due after more than one year
 9 
(11,666)
(21,667)

Provisions for liabilities
  

Other provisions
  
(25,500)
(20,000)

  
 
 
(25,500)
 
 
(20,000)

Net assets
  
154,097
131,501


Capital and reserves
  

Called up share capital 
 13 
30,003
30,003

Profit and loss account
  
124,094
101,498

  
154,097
131,501

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Navigator Blue Limited
Registered number: NI024464

Balance Sheet (continued)
As at 31 March 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 November 2024.




Brian Scott
Gary Plant
Director
Director

The notes on pages 3 to 10 form part of these financial statements.
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Page 2

 
Navigator Blue Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Navigator Blue Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors of Navigator Blue Limited have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future. 
Accordingly, Navigator Blue Limited continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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Page 3

 
Navigator Blue Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

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Page 4

 
Navigator Blue Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


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Page 5

 
Navigator Blue Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
27%
Fixtures and fittings
-
15%
Computer equipment
-
25-33.3%
Artwork
-
6.7%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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Page 6

 
Navigator Blue Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company’s accounting policies, management has not made any significant judgements. There are no key assumptions concerning the future or other key sources of estimation, that have significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the financial year. 


4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Average employees
13
13


5.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
25,602
142,293
72,594
240,489


Additions
-
283
3,575
3,858



At 31 March 2024

25,602
142,576
76,169
244,347



Depreciation


At 1 April 2023
25,602
123,354
57,022
205,978


Charge for the year on owned assets
-
2,069
6,984
9,053



At 31 March 2024

25,602
125,423
64,006
215,031



Net book value



At 31 March 2024
-
17,153
12,163
29,316



At 31 March 2023
-
18,939
15,572
34,511

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Page 7

 
Navigator Blue Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

6.


Debtors

2024
2023
£
£


Trade debtors
775,115
836,726

Prepayments and accrued income
21,768
23,810

Amounts recoverable on long term contracts
41,412
46,451

Deferred taxation
4,023
1,440

842,318
908,427



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,230
37,537

Less: bank overdrafts
(2,779)
-

1,451
37,537



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
2,779
-

Bank loans
10,887
10,000

Trade creditors
422,931
487,820

Corporation tax
50,185
30,959

Other taxation and social security
110,965
114,765

Other creditors
27,394
39,399

Accruals and deferred income
59,460
124,364

684,601
807,307


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Page 8

 
Navigator Blue Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,666
21,667

11,666
21,667



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,887
10,000


10,887
10,000

Amounts falling due 1-2 years

Bank loans
11,667
21,667


11,667
21,667



22,554
31,667



11.


Deferred taxation




2024


£






At beginning of year
1,440


Charged to profit or loss
2,583



At end of year
4,023

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Page 9

 
Navigator Blue Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024
 
11.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,440
(3,823)

Other timing differences
2,583
5,263

4,023
1,440


12.


Provisions




Other provision

£





At 1 April 2023
20,000


Charged to profit or loss
5,500



At 31 March 2024
25,500


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3 (2023 - 3) Ordinary shares of £1.00 each
3
3
300,000 (2023 - 300,000) A Ordinary shares of £0.10 each
30,000
30,000

30,003

30,003



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Page 10