Company Registration No. 12529187 (England and Wales)
Navigation Distribution Ltd
Unaudited accounts
for the year ended 31 March 2024
Navigation Distribution Ltd
Unaudited accounts
Contents
Navigation Distribution Ltd
Company Information
for the year ended 31 March 2024
Company Number
12529187 (England and Wales)
Registered Office
Unit 9 Soughbridge Mill
Colne Road
Kelbrook
Lancashire
BB18 6SZ
Accountants
Starling Financials Ltd
Royds Farm
Harden Road
Kelbrook
Lancashire
BB18 6TS
Navigation Distribution Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
1,114
786
Creditors: amounts falling due within one year
(53,888)
(47,486)
Net current assets/(liabilities)
2,221
(6,487)
Total assets less current liabilities
3,011
(5,333)
Creditors: amounts falling due after more than one year
(13,525)
-
Net liabilities
(10,514)
(5,333)
Called up share capital
2
2
Profit and loss account
(10,516)
(5,335)
Shareholders' funds
(10,514)
(5,333)
For the year ending 31 March 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 director acknowledges her 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 and authorised for issue on 3 July 2024 and were signed on its behalf by
Joanna Johnson
Director
Company Registration No. 12529187
Navigation Distribution Ltd
Notes to the Accounts
for the year ended 31 March 2024
Navigation Distribution Ltd is a private company, limited by shares, registered in England and Wales, registration number 12529187. The registered office is Unit 9 Soughbridge Mill, Colne Road, Kelbrook, Lancashire, BB18 6SZ.
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.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
750
2,948
3,698
At 31 March 2024
750
2,948
3,698
At 1 April 2023
539
2,005
2,544
Charge for the year
53
311
364
At 31 March 2024
592
2,316
2,908
At 31 March 2024
158
632
790
At 31 March 2023
211
943
1,154
Amounts falling due within one year
Trade debtors
22,163
16,246
Navigation Distribution Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
38,507
17,842
Other creditors
4,880
1,917
Loans from directors
8,113
23,974
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).