Natural Born Movers Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03375876

Natural Born Movers Ltd

Filleted Unaudited Financial Statements

31 December 2024

Natural Born Movers Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Natural Born Movers Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	6	226,468	217,377

Current assets

Stocks		3,000	3,000
Debtors	7	70,742	84,916
Cash at bank and in hand		74,557	88,555
		---------	---------
		148,299	176,471

Creditors: amounts falling due within one year	8	81,934	100,021
		---------	---------
Net current assets		66,365	76,450
		---------	---------
Total assets less current liabilities		292,833	293,827

Creditors: amounts falling due after more than one year	9	25,137	39,180

Provisions	33,387	33,387
	---------	---------
Net assets	234,309	221,260
	---------	---------

Capital and reserves

Called up share capital	11,000	11,000
Profit and loss account	223,309	210,260
	---------	---------
Shareholders funds	234,309	221,260
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

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

Natural Born Movers Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr P L Robertson

Director

Company registration number: 03375876

Natural Born Movers Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Thunderhill Business Park Hickmans Green, Boughton-Under-Blean, Faversham, ME13 9NT, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% Straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	10% Straight line
Plant and machinery	-	15% Straight line
Fixtures and fittings	-	15% Straight line
Motor vehicles	-	25% Reducing balance
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	10,000
	--------
Amortisation
At 1 January 2024 and 31 December 2024	10,000
	--------
Carrying amount
At 31 December 2024	–
	--------
At 31 December 2023	–
	--------

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	115,133	328,989	107,821	63,874	2,206	618,023
Additions	44,965	20,833	1,604	–	–	67,402
	---------	---------	---------	--------	-------	---------
At 31 Dec 2024	160,098	349,822	109,425	63,874	2,206	685,425
	---------	---------	---------	--------	-------	---------
Depreciation
At 1 Jan 2024	31,003	240,529	76,998	51,277	839	400,646
Charge for the year	13,672	33,475	7,284	3,149	731	58,311
	---------	---------	---------	--------	-------	---------
At 31 Dec 2024	44,675	274,004	84,282	54,426	1,570	458,957
	---------	---------	---------	--------	-------	---------
Carrying amount
At 31 Dec 2024	115,423	75,818	25,143	9,448	636	226,468
	---------	---------	---------	--------	-------	---------
At 31 Dec 2023	84,130	88,460	30,823	12,597	1,367	217,377
	---------	---------	---------	--------	-------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	8,811	8,811
Other debtors	61,931	76,105
	--------	--------
	70,742	84,916
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	15,842	15,021
Trade creditors	12,360	8,489
Corporation tax	12,267	16,266
Social security and other taxes	11,863	8,122
Other creditors	29,602	52,123
	--------	---------
	81,934	100,021
	--------	---------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	25,137	39,180
	--------	--------

10. Directors' advances, credits and guarantees

At the year end the company owed the directors £3,088 (2023: £19,745).

11. Related party transactions

The company has lent money under a loan agreement to a company owned by a family member. The total amount lent is £60,000 against which interest is received. The company also paid a £25,000 rent (2023: £25,000) to the company for use of land and containers for storage.