Navigation Agency Ltd Filleted Accounts Cover |
Company No. 13830222 | |||||||||
Navigation Agency Ltd Directors Report Registrar |
The Directors present their report and the accounts for the year ended 31 January 2025. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
P. Curry | |||||||||
G.W. McCall | |||||||||
J.A. Morgan | |||||||||
Signed on behalf of the board | |||||||||
G.W. McCall | |||||||||
Company Secretary | |||||||||
13 March 2025 |
Navigation Agency Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2025 | 2024 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current (liabilities)/assets | ( | |||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 8 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 13 March 2025 and signed on its behalf by: | ||||||||||
G.W. McCall | ||||||||||
Director | ||||||||||
13 March 2025 |
Navigation Agency Ltd Notes to the Accounts Registrar |
for the year ended 31 January 2025 | ||||||||||||||
1 | General information | |||||||||||||
Navigation Agency Ltd is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 13830222 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Research and development costs | ||||||||||||||
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line. | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Defined contribution pensions | ||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||
3 | Employees | |||||||||||||
2025 | 2024 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Tangible fixed assets | |||||||||||||
Fixtures, fittings and equipment | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or revaluation | ||||||||||||||
At 1 February 2024 | ||||||||||||||
Additions | ||||||||||||||
At 31 January 2025 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 February 2024 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 January 2025 | ||||||||||||||
Net book values | ||||||||||||||
At 31 January 2025 | ||||||||||||||
At 31 January 2024 | 5,350 | |||||||||||||
5 | Debtors | |||||||||||||
2025 | 2024 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Other debtors | ||||||||||||||
6 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2025 | 2024 | |||||||||||||
£ | £ | |||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
7 | Share Capital | |||||||||||||
100 Ordinary Shares, 5 Ordinary B Shares, 5 Ordinary C Shares and 5 Ordinary D Shares, of £1.00 each were called up and fully paid. | ||||||||||||||
8 | Reserves | |||||||||||||
9 | Dividends | |||||||||||||
2025 | 2024 | |||||||||||||
£ | £ | |||||||||||||
Dividends for the period: | ||||||||||||||
Dividends paid in the period | 115,000 | 52,500 | ||||||||||||
52,500 | ||||||||||||||
Dividends by type: | ||||||||||||||
Equity dividends | ||||||||||||||
115,000 | 52,500 | |||||||||||||