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REGISTERED NUMBER: 10517826 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

NautX Limited

NautX Limited (Registered number: 10517826)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

NautX Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: A R Langford





REGISTERED OFFICE: Ford Cottage
Ford Street
Wellington
Somerset
TA21 9PE





REGISTERED NUMBER: 10517826 (England and Wales)





ACCOUNTANTS: A Plus Accountancy & Business Solutions Limited
The Mount
21 High Street
Wellington
Somerset
TA21 8QT

NautX Limited (Registered number: 10517826)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 210 210
Tangible assets 5 37,251 45,864
Investments 6 28,990 28,990
66,451 75,064

CURRENT ASSETS
Debtors 7 235,281 251,143
Cash at bank 10,208 14,919
245,489 266,062
CREDITORS
Amounts falling due within one year 8 45,187 115,051
NET CURRENT ASSETS 200,302 151,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,753

226,075

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 266,752 226,074
266,753 226,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 July 2025 and were signed by:




A R Langford - Director


NautX Limited (Registered number: 10517826)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

NautX 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Aircraft - 10% on cost
Tools & equipment - 20% on reducing balance
Office equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents &
licences
£   
COST
At 1 January 2024
and 31 December 2024 210
NET BOOK VALUE
At 31 December 2024 210
At 31 December 2023 210

NautX Limited (Registered number: 10517826)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Tools & Office
Aircraft equipment equipment Totals
£    £    £    £   
COST
At 1 January 2024 80,143 3,744 18,615 102,502
Additions - - 2,049 2,049
Disposals - - (1,570 ) (1,570 )
At 31 December 2024 80,143 3,744 19,094 102,981
DEPRECIATION
At 1 January 2024 42,237 2,309 12,092 56,638
Charge for year 8,014 287 2,071 10,372
Eliminated on disposal - - (1,280 ) (1,280 )
At 31 December 2024 50,251 2,596 12,883 65,730
NET BOOK VALUE
At 31 December 2024 29,892 1,148 6,211 37,251
At 31 December 2023 37,906 1,435 6,523 45,864

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 28,990
NET BOOK VALUE
At 31 December 2024 28,990
At 31 December 2023 28,990

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 17,067 33,298
Other debtors 218,214 217,845
235,281 251,143

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 43,901 105,806
Other creditors 1,286 9,245
45,187 115,051

NautX Limited (Registered number: 10517826)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
A R Langford
Balance outstanding at start of year 198,932 (75 )
Amounts advanced 89,611 286,437
Amounts repaid (87,430 ) (87,430 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 201,113 198,932

NautX Limited

Report of the Accountants to the Director of
NautX Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






A Plus Accountancy & Business Solutions Limited
The Mount
21 High Street
Wellington
Somerset
TA21 8QT


Date: .............................................