Registered number
05925350
Nautiques UK Ltd
Unaudited Filleted Accounts
30 September 2024
Nautiques UK Ltd
Registered number: 05925350
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 295 368
Current assets
Stocks 500 100
Debtors 4 288 288
Cash at bank and in hand 2,194 83
2,982 471
Creditors: amounts falling due within one year 5 (1,314) (1,477)
Net current assets/(liabilities) 1,668 (1,006)
Total assets less current liabilities 1,963 (638)
Creditors: amounts falling due after more than one year 6 (126,580) (128,800)
Net liabilities (124,617) (129,438)
Capital and reserves
Called up share capital 200 200
Profit and loss account (124,817) (129,638)
Shareholders' funds (124,617) (129,438)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Buchanan
Director
Approved by the board on 25 June 2025
Nautiques UK Ltd
Notes to the Accounts
for the year ended 30 September 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Going concern
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and directors. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 9,707
At 30 September 2024 9,707
Depreciation
At 1 October 2023 9,339
Charge for the year 73
At 30 September 2024 9,412
Net book value
At 30 September 2024 295
At 30 September 2023 368
4 Debtors 2024 2023
£ £
Trade debtors 288 288
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 82 247
Other creditors 1,232 1,230
1,314 1,477
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 126,580 128,800
7 Other information
Nautiques UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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