| Naptha Limited |
|
| Report to the directors on the preparation of the unaudited statutory accounts of Naptha Limited for the year ended 31 December 2024 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Naptha Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Coalesco Accountants Limited |
| Chartered Certified Accountants |
| 156 Russell Drive |
| Wollaton |
| Nottingham |
| Nottinghamshire |
| NG8 2BE |
|
| 25 March 2025 |
|
| Naptha Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover represents the value of work carried out in respect of services provided to customers. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 7 years. |
|
|
Tangible fixed assets |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Land and buildings |
0% straight line |
|
Equipment, fixtures and fittings |
20% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
7 |
|
8 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2024 |
120,101 |
|
Additions |
1,187 |
|
At 31 December 2024 |
121,288 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
99,428 |
|
Charge for the year |
5,520 |
|
At 31 December 2024 |
104,948 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
16,340 |
|
At 31 December 2023 |
20,673 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Corporation tax |
8,256 |
|
8,407 |
|
Other taxes and social security costs |
27,721 |
|
22,548 |
|
Other creditors |
9,028 |
|
16,335 |
|
|
|
|
|
|
45,005 |
|
47,290 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Naptha Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Naptha House |
|
Shilo Way |
|
Awsworth |
|
Nottingham |
|
NG16 2BF |