NAITRE LTD

Company Registration Number:
13513561 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

NAITRE LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

NAITRE LTD

Company Information

for the Period Ended 31 July 2024




Director: A Spillings
J Collins
Registered office: 71-75
Shelton Street
Covent Garden
London
England
WC2H 9JQ
Company Registration Number: 13513561 (England and Wales)

NAITRE LTD

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

The principal activity of the company in the year under review was that of retail sales via the Internet.

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
A Spillings
J Collins

This report was approved by the board of directors on 14 March 2025
And Signed On Behalf Of The Board By:

Name: A Spillings
Status: Director

NAITRE LTD

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 2,602 2,602
Tangible assets: 5 325 650
Total fixed assets: 2,927 3,252
Current assets
Stocks: 35,503 36,110
Debtors: 8,375 2,224
Cash at bank and in hand: 144,094 12,762
Total current assets: 187,972 51,096
Prepayments and accrued income: 894 872
Creditors: amounts falling due within one year: ( 120,489 ) ( 101,100 )
Net current assets (liabilities): 68,377 ( 49,132 )
Total assets less current liabilities: 71,304 ( 45,880 )
Total net assets (liabilities): 71,304 ( 45,880 )

The notes form part of these financial statements

NAITRE LTD

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 71,104 ( 46,080 )
Shareholders funds: 71,304 ( 45,880 )

For the year ending 31 July 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 March 2025
And Signed On Behalf Of The Board By:

Name: A Spillings
Status: Director

The notes form part of these financial statements

NAITRE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding any discounts and rebates.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is charged to the profit and loss account on a straight-line basis over the estimated useful lives of each part of an item of tangible fixed assets. The estimated useful lives are as follows:

    Computer equipment 25% on straight line basis

    Intangible fixed assets amortisation policy

    Intangible fixed assets are initially included at cost. After initial recognition, intangible assets are measured at costs less any accumulated amortisation and any accumulated Impairment losses.

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items. Work in progress is valued at the lower of cost and net realisable value.

NAITRE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

NAITRE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

NAITRE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 August 2023 2,602
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 July 2024 2,602
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 July 2024 -
    Net book value
    Net book value at 31 July 2024 2,602
    Net book value at 31 July 2023 2,602

    Intangible fixed assets are initially included at cost. After initial recognition, intangible assets are measured at costs less any accumulated amortisation and any accumulated Impairment losses.

NAITRE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Tangible Assets

Total
Cost £
At 01 August 2023 1,300
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2024 1,300
Depreciation
At 01 August 2023 650
Charge for year 325
On disposals -
Other adjustments -
At 31 July 2024 975
Net book value
At 31 July 2024 325
At 31 July 2023 650

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is charged to the profit and loss account on a straight-line basis over the estimated useful lives of each part of an item of tangible fixed assets. The estimated useful lives are as follows:

Computer equipment 25% on straight line basis

NAITRE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.1.Related party disclosures

Name of related party: A Spillings
Description of relationship:
Director
Description of the transaction:
During the year, A Spillings made loans to the company of £0 and received repayments of £24,500. As at 31 July 2024, the company owed A Spillings £26,050. A Spillings is a director of the company. The loan is interest free and repayable on demand.
Balance at 01 August 2023 50,500
Balance at 31 July 2024 26,050

Name of related party: J Collins
Description of relationship:
Director
Description of the transaction:
During the year, J Collins made loans to the company of £0 and received repayments of £24,500. As at 31 July 2024, the company owed J Collins £26,050. J Collins is a director of the company. The loan is interest free and repayable on demand.
Balance at 01 August 2023 50,500
Balance at 31 July 2024 26,050