| REGISTERED NUMBER: |
| Naxta Limited |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| REGISTERED NUMBER: |
| Naxta Limited |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| Naxta Limited (Registered number: 11043419) |
| Contents of the Financial Statements |
| for the year ended 30 November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Naxta Limited |
| Company Information |
| for the year ended 30 November 2024 |
| Director: |
| Registered office: |
| Registered number: |
| Naxta Limited (Registered number: 11043419) |
| Balance Sheet |
| 30 November 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| Current assets |
| Stocks |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 4 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 5 |
| Retained earnings | 6 | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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 were approved by the director and authorised for issue on |
| Naxta Limited (Registered number: 11043419) |
| Notes to the Financial Statements |
| for the year ended 30 November 2024 |
| 1. | Statutory information |
| Naxta Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| The financial statements are presented in UK pounds sterling (£). |
| Set out below is a summary of the principal accounting policies, all of which have been applied consistently (except as otherwise stated). |
| Significant judgements and estimates |
| In applying the Company's accounting policies, the director is required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimations and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. |
| Critical judgements in applying the Company's accounting policies |
| The critical judgement that the director has made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below: |
| (i) Assessing indicators and impairment |
| In assessing whether there have been any indicators or impairment assets, the director has considered both external and internal sources of information such as market conditions, counterparty credit ratings, obsolescence and experience or recoverability. |
| Key sources of estimation uncertainty |
| Due to the straightforward nature of the business there are no material key assumptions concerning the future, and other key sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
| Turnover |
| Turnover represents amounts receivable for goods provided in the year and is stated net of VAT. |
| Turnover is recognised in line with accrual based accounting on cash received for goods provided during the financial year. |
| Financial instruments |
| Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables and equity instruments. The Company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full. |
| Financial assets and liabilities - classified as basic financial instruments |
| (i) Cash and cash equivalents |
| This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with |
| original maturities of three months or less. |
| Naxta Limited (Registered number: 11043419) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2024 |
| 2. | Accounting policies - continued |
| (ii) Trade and other receivables |
| Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment. |
| At the end of each reporting period, the Company assesses whether there is objective evidence that a receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss. |
| (iii) Trade and other payables and loans and borrowings |
| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. |
| Stocks |
| Stock has been valued at the lower of cost and estimated selling price less costs to sell. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Going concern |
| These financial statements have been prepared on a going concern basis. |
| The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
| Based on assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities. |
| In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis. |
| The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Naxta Limited (Registered number: 11043419) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2024 |
| 5. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 6. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 December 2023 | ( |
) |
| Deficit for the year | ( |
) |
| At 30 November 2024 | ( |
) |
| 7. | Ultimate controlling party |
| The ultimate controlling party is |