Registered number
SC741050
Navitas Renewable Consulting Ltd
Unaudited Filleted Accounts
31 October 2024
Navitas Renewable Consulting Ltd
Registered number: SC741050
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,827 670
Current assets
Debtors 4 9,528 12,719
Cash at bank and in hand 47,492 92,094
57,020 104,813
Creditors: amounts falling due within one year 5 (15,858) (27,697)
Net current assets 41,162 77,116
Total assets less current liabilities 78,989 77,786
Provisions for liabilities (9,457) (168)
Net assets 69,532 77,618
Capital and reserves
Called up share capital 1 1
Profit and loss account 69,531 77,617
Shareholder's funds 69,532 77,618
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H G Williams
Director
Approved by the board on 30 November 2024
Navitas Renewable Consulting Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention, in pounds sterling, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (including section 1A of the standard as applied to Small entities).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rendering of services. Turnover from the rendering of services is recognised in the period in which the services are performed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery straight line over 3 years
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the year to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 1,003 - 1,003
Additions 3,116 42,495 45,611
At 31 October 2024 4,119 42,495 46,614
Depreciation
At 1 November 2023 333 - 333
Charge for the year 1,372 7,082 8,454
At 31 October 2024 1,705 7,082 8,787
Net book value
At 31 October 2024 2,414 35,413 37,827
At 31 October 2023 670 - 670
4 Debtors 2024 2023
£ £
Other debtors 9,528 12,719
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 14,922 26,989
Other creditors 936 708
15,858 27,697
6 Other information
Navitas Renewable Consulting Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
23/3 Breadalbane Street,
Edinburgh,
Scotland
EH6 5JW
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