IRIS Accounts Production v24.3.2.46 11047802 director 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110478022023-11-30110478022024-11-30110478022023-12-012024-11-30110478022022-11-30110478022022-12-012023-11-30110478022023-11-3011047802ns15:EnglandWales2023-12-012024-11-3011047802ns14:PoundSterling2023-12-012024-11-3011047802ns10:Director12023-12-012024-11-3011047802ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3011047802ns10:SmallEntities2023-12-012024-11-3011047802ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3011047802ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3011047802ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3011047802ns10:FullAccounts2023-12-012024-11-301104780212023-12-012024-11-3011047802ns10:RegisteredOffice2023-12-012024-11-3011047802ns5:CurrentFinancialInstruments2024-11-3011047802ns5:CurrentFinancialInstruments2023-11-3011047802ns5:Non-currentFinancialInstruments2024-11-3011047802ns5:Non-currentFinancialInstruments2023-11-3011047802ns5:ShareCapital2024-11-3011047802ns5:ShareCapital2023-11-3011047802ns5:RetainedEarningsAccumulatedLosses2024-11-3011047802ns5:RetainedEarningsAccumulatedLosses2023-11-3011047802ns5:NetGoodwill2023-12-012024-11-3011047802ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3011047802ns5:LandBuildings2023-12-012024-11-3011047802ns5:PlantMachinery2023-12-012024-11-3011047802ns5:NetGoodwill2023-11-3011047802ns5:NetGoodwill2024-11-3011047802ns5:NetGoodwill2023-11-3011047802ns5:LandBuildings2023-11-3011047802ns5:PlantMachinery2023-11-3011047802ns5:LandBuildings2024-11-3011047802ns5:PlantMachinery2024-11-3011047802ns5:LandBuildings2023-11-3011047802ns5:PlantMachinery2023-11-3011047802ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3011047802ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3011047802ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-3011047802ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-30
REGISTERED NUMBER: 11047802 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NAPLES LTD

NAPLES LTD (REGISTERED NUMBER: 11047802)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAPLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: P A Ferreira





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 11047802 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

NAPLES LTD (REGISTERED NUMBER: 11047802)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,460 68,384
62,460 68,384

CURRENT ASSETS
Stocks 3,000 1,858
Debtors 6 1,655 1,905
Cash at bank and in hand 26,989 56,841
31,644 60,604
CREDITORS
Amounts falling due within one year 7 34,742 30,275
NET CURRENT (LIABILITIES)/ASSETS (3,098 ) 30,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,362

98,713

CREDITORS
Amounts falling due after more than one
year

8

(23,471

)

(28,581

)

PROVISIONS FOR LIABILITIES (3,815 ) (3,821 )
NET ASSETS 32,076 66,311

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 32,075 66,310
SHAREHOLDERS' FUNDS 32,076 66,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

NAPLES LTD (REGISTERED NUMBER: 11047802)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





P A Ferreira - Director


NAPLES LTD (REGISTERED NUMBER: 11047802)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Naples 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance

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 Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

NAPLES LTD (REGISTERED NUMBER: 11047802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

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 year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 90,000
AMORTISATION
At 1 December 2023
and 30 November 2024 90,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 118,000 59,964 177,964
Additions - 4,300 4,300
At 30 November 2024 118,000 64,264 182,264
DEPRECIATION
At 1 December 2023 64,900 44,680 109,580
Charge for year 5,900 4,324 10,224
At 30 November 2024 70,800 49,004 119,804
NET BOOK VALUE
At 30 November 2024 47,200 15,260 62,460
At 30 November 2023 53,100 15,284 68,384

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Credit card receipts control - 963
Directors' current accounts 5 -
Prepayments and accrued income 1,650 942
1,655 1,905

NAPLES LTD (REGISTERED NUMBER: 11047802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,856 4,900
Trade creditors 3,488 2,995
Tax 11,957 16,440
Social security and other taxes (6 ) 409
Pension Liability 149 -
VAT 6,079 3,002
Other creditors 5,092 (242 )
Directors' current accounts - 1,178
Accrued expenses 3,127 1,593
34,742 30,275

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 23,471 28,581