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REGISTERED NUMBER: 09228188 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

NAYLOR POWELL LIMITED

NAYLOR POWELL LIMITED (REGISTERED NUMBER: 09228188)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAYLOR POWELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J Birt
R C W Wade
A Davis





REGISTERED OFFICE: Unit A2 Spinnaker House
Spinnaker Road
Gloucester
Gloucestershire
GL2 5FD





REGISTERED NUMBER: 09228188 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

NAYLOR POWELL LIMITED (REGISTERED NUMBER: 09228188)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,333 108,333
Tangible assets 5 58,981 68,409
92,314 176,742

CURRENT ASSETS
Debtors 6 512,456 412,511
Cash at bank and in hand 6,037 1,056
518,493 413,567
CREDITORS
Amounts falling due within one year 7 333,689 247,829
NET CURRENT ASSETS 184,804 165,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,118

342,480

CREDITORS
Amounts falling due after more than one
year

8

(261,926

)

(324,946

)

PROVISIONS FOR LIABILITIES (14,745 ) (17,102 )
NET ASSETS 447 432

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 47 32
SHAREHOLDERS' FUNDS 447 432

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NAYLOR POWELL LIMITED (REGISTERED NUMBER: 09228188)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:




J Birt - Director A Davis - Director




R C W Wade - Director


NAYLOR POWELL LIMITED (REGISTERED NUMBER: 09228188)

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

1. STATUTORY INFORMATION

Naylor Powell Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Property commissions are recognised upon completion of property.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost and 7.5% on cost
Motor vehicles - 25% on cost
Computer equipment - 7.5% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


NAYLOR POWELL LIMITED (REGISTERED NUMBER: 09228188)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern

Provision
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 750,000
AMORTISATION
At 1 July 2023 641,667
Charge for year 75,000
At 30 June 2024 716,667
NET BOOK VALUE
At 30 June 2024 33,333
At 30 June 2023 108,333

NAYLOR POWELL LIMITED (REGISTERED NUMBER: 09228188)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 15,518 16,832 20,957
Additions - 898 381
Disposals - - -
At 30 June 2024 15,518 17,730 21,338
DEPRECIATION
At 1 July 2023 6,011 11,781 7,493
Charge for year 183 860 1,118
Eliminated on disposal - - -
At 30 June 2024 6,194 12,641 8,611
NET BOOK VALUE
At 30 June 2024 9,324 5,089 12,727
At 30 June 2023 9,507 5,051 13,464

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 29,792 18,236 101,335
Additions 9,999 291 11,569
Disposals (9,999 ) - (9,999 )
At 30 June 2024 29,792 18,527 102,905
DEPRECIATION
At 1 July 2023 2,326 5,315 32,926
Charge for year 7,455 1,389 11,005
Eliminated on disposal (7 ) - (7 )
At 30 June 2024 9,774 6,704 43,924
NET BOOK VALUE
At 30 June 2024 20,018 11,823 58,981
At 30 June 2023 27,466 12,921 68,409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,027 13,590
Other debtors 464,529 391,991
Prepayments and accrued income 2,900 6,930
512,456 412,511

NAYLOR POWELL LIMITED (REGISTERED NUMBER: 09228188)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,423 69,020
Hire purchase contracts (see note 9) 5,875 5,330
Trade creditors 18,748 21,108
Corporation Tax 59,506 13,217
Social security and other taxes 9,523 2,578
Pension control 2,128 1,947
VAT 73,470 64,627
Other creditors 82,846 57,075
Accruals and deferred income 11,170 12,927
333,689 247,829

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 237,406 238,778
Bank loans 5,073 60,846
Hire purchase contracts (see note 9) 19,447 25,322
261,926 324,946

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 5,073 60,846

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 5,875 5,330
Between one and five years 19,447 25,322
25,322 30,652

10. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Naylor Powell Holdings Ltd whose registered office is located at Unit A2 Spinnaker House Spinnaker Road, Hempsted, Gloucester, GL2 5FD, UK.

At the year end there was an amount owed from Naylor Powell Holdings of £409,536 (2023: £338,305).

The directors of the company are also shareholders and directors of NP Properties (Glos) Ltd, whose registered office is located at Unit A2 Spinnaker House Spinnaker Road, Hempsted, Gloucester, GL2 5FD, UK.

At the year end there was an amount owed from NP Properties Ltd of £54,994 (2023: £53,686).

NAYLOR POWELL LIMITED (REGISTERED NUMBER: 09228188)

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

11. OPERATING LEASE COMMITMENTS

The company had total commitments at the year end of £123,823 (2023: £189,215).