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Registration number: 07539064

G Naprous Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2025

 

G Naprous Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

G Naprous Ltd

Company Information

Directors

D G Naprous

C Naprous

G Naprous

Registered office

Wychwood Stud
Mursley
Milton Keynes
MK17 0HX

 

G Naprous Ltd

(Registration number: 07539064)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed Assets

 

Intangible assets

3

54,600

63,700

Tangible assets

4

1,263,844

1,278,121

 

1,318,444

1,341,821

Current assets

 

Stocks

488,391

520,391

Debtors

413,394

459,261

Cash at bank and in hand

 

629,632

1,356,510

 

1,531,417

2,336,162

Creditors: Amounts falling due within one year

(52,983)

(391,354)

Net current assets

 

1,478,434

1,944,808

Total assets less current liabilities

 

2,796,878

3,286,629

Creditors: Amounts falling due after more than one year

(1,667)

(11,667)

Provisions for liabilities

(243,945)

(268,200)

Net assets

 

2,551,266

3,006,762

Capital and reserves

 

Called up share capital

102

102

Profit and loss account

2,551,164

3,006,660

Shareholders' funds

 

2,551,266

3,006,762

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

G Naprous Ltd

(Registration number: 07539064)
Abridged Balance Sheet as at 31 March 2025

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 16 June 2025 and signed on its behalf by:
 

.........................................
C Naprous
Director

   
     
 

G Naprous Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

 

G Naprous Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

These are not depreciated.

Plant and machinery

20% reducing balance

Office equipment

33.3% straight line basis

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Stocks

stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 8).

 

G Naprous Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

3

Intangible assets

Total
£

Cost or valuation

At 1 April 2024

182,000

At 31 March 2025

182,000

Amortisation

At 1 April 2024

118,300

Amortisation charge

9,100

At 31 March 2025

127,400

Carrying amount

At 31 March 2025

54,600

At 31 March 2024

63,700

 

G Naprous Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2024

510,002

-

1,515,843

19,597

556,736

Additions

91,771

15,565

45,420

4,407

6,600

Disposals

-

-

-

-

(11,863)

At 31 March 2025

601,773

15,565

1,561,263

24,004

551,473

Depreciation

At 1 April 2024

-

-

1,009,638

16,345

298,075

Charge for the year

-

1,712

105,285

3,167

65,246

Eliminated on disposal

-

-

-

-

(9,234)

At 31 March 2025

-

1,712

1,114,923

19,512

354,087

Carrying amount

At 31 March 2025

601,773

13,853

446,340

4,492

197,386

At 31 March 2024

510,002

-

506,206

3,252

258,661

 

G Naprous Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Total
£

Cost or valuation

At 1 April 2024

2,602,178

Additions

163,763

Disposals

(11,863)

At 31 March 2025

2,754,078

Depreciation

At 1 April 2024

1,324,058

Charge for the year

175,410

Eliminated on disposal

(9,234)

At 31 March 2025

1,490,234

Carrying amount

At 31 March 2025

1,263,844

At 31 March 2024

1,278,121

Included within the net book value of land and buildings above is £601,773 (2024 - £510,002) in respect of long leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

102

102

102

102