Navboys Limited 31/12/2024 iXBRL

Company registration number: 08412621

Navboys Limited

Unaudited filleted financial statements

31 December 2024

Navboys Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Navboys Limited

Directors and other information


Directors	Mr J C Brattle
	Mr S G Lapworth	(Resigned 8 February 2024)


Company number	08412621


Registered office	Unit 4 Daneside Business Park
	Riverdane Road
	Congleton
	Cheshire
	CW12 1UN

Navboys Limited

Statement of financial position

31 December 2024

		31/12/24		31/12/23
	Note	£	£	£	£

Fixed assets
Tangible assets	5	37,734		36,544
		_______		_______
			37,734		36,544

Current assets
Stocks		124,284		119,534
Debtors	6	41,029		33,705
Cash at bank and in hand		62,443		96,107
		_______		_______
		227,756		249,346
Creditors: amounts falling due
within one year	7	( 210,411)		( 240,193)
		_______		_______
Net current assets			17,345		9,153
			_______		_______
Total assets less current liabilities			55,079		45,697

			_______		_______
Net assets			55,079		45,697
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			54,979		45,597
			_______		_______
Shareholders funds			55,079		45,697
			_______		_______

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.

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.

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

Mr J C Brattle

Director

Company registration number: 08412621

Navboys Limited

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 Unit 4 Daneside Business Park, Riverdane Road, Congleton, Cheshire, CW12 1UN.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

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

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and 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:


Plant and machinery	-	33 %	straight line
Fittings fixtures and equipment	-	25% straight line / 33% reducing balance
Motor vehicles	-	25 %	reducing balance
Aeroplanes	-	25 %	reducing balance

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

Impairment

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 stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 January 2024	40,914	55,231	96,145
Additions	7,319	17,437	24,756
Disposals	-	( 6,670)	( 6,670)
	_______	_______	_______
At 31 December 2024	48,233	65,998	114,231
	_______	_______	_______
Depreciation
At 1 January 2024	35,834	23,767	59,601
Charge for the year	6,797	15,795	22,592
Disposals	-	( 5,696)	( 5,696)
	_______	_______	_______
At 31 December 2024	42,631	33,866	76,497
	_______	_______	_______
Carrying amount
At 31 December 2024	5,602	32,132	37,734
	_______	_______	_______
At 31 December 2023	5,080	31,464	36,544
	_______	_______	_______

6. Debtors

	31/12/24	31/12/23
	£	£
Trade debtors	16,391	12,899
Other debtors	24,638	20,806
	_______	_______
	41,029	33,705
	_______	_______

7. Creditors: amounts falling due within one year

	31/12/24	31/12/23
	£	£
Trade creditors	88,910	52,695
Corporation tax	808	-
Social security and other taxes	14,342	8,195
Other creditors	106,351	179,303
	_______	_______
	210,411	240,193
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

12 months 31/12/24
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr J C Brattle	( 85,691)	( 19,002)	( 104,693)
	Mr S G Lapworth	( 92,412)	92,412	-
		_______	_______	_______
		( 178,103)	73,410	( 104,693)
		_______	_______	_______

10 months 31/12/23
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr J C Brattle	-	( 85,691)	( 85,691)
	Mr S G Lapworth	( 118,455)	26,043	( 92,412)
		_______	_______	_______
		( 118,455)	( 59,648)	( 178,103)
		_______	_______	_______