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Registered number: 05692821

P R Nautica Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

Prepared By:

R F Love and Company

Chartered Accountant

Holly House

21D Chudleigh Road

Exeter

Devon

EX2 8TS

P R Nautica Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

DIRECTORS

R F Love

G S Litton

M K Pyle

SECRETARY

R F Love

REGISTERED OFFICE

Holly House

21d Chudleigh Road

Exeter

Devon

EX2 8TS

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 05692821

ACCOUNTANTS

R F Love and Company

Chartered Accountant

Holly House

21D Chudleigh Road

Exeter

Devon

EX2 8TS

P R Nautica Limited

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

P R Nautica Limited

BALANCE SHEET AT 31/12/2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Tangible assets		3				38,208				36,146
CURRENT ASSETS
Stock				460,153				452,000
Debtors		5		66,428				23,544
Cash at bank and in hand				504,053				489,820
				1,030,634				965,364
CREDITORS: Amounts falling due within one year		6		90,362				57,100
NET CURRENT ASSETS						940,272				908,264
TOTAL ASSETS LESS CURRENT LIABILITIES						978,480				944,410
PROVISIONS FOR LIABILITIES AND CHARGES		7				32,064				28,015
NET ASSETS						946,416				916,395
CAPITAL AND RESERVES
Called up share capital		8				9,000				9,000
Profit and loss account						937,416				907,395
SHAREHOLDERS' FUNDS						946,416				916,395
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/02/2025 and signed on their behalf by
.............................
R F Love
Director

P R Nautica Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1e. Foreign Currency

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

P R Nautica Limited

2. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				15		15

3. TANGIBLE FIXED ASSETS
		Long Leasehold		Plant and		Commercial
		Properties		Machinery		Vehicles		Total
		£		£		£		£
Cost
At 01/01/2024		23,155		44,311		69,030		136,496
Additions		-		7,075		-		7,075
At 31/12/2024		23,155		51,386		69,030		143,571
Depreciation
At 01/01/2024		-		42,264		58,086		100,350
For the year		-		2,280		2,733		5,013
At 31/12/2024		-		44,544		60,819		105,363
Net Book Amounts
At 31/12/2024		23,155		6,842		8,211		38,208
At 31/12/2023		23,155		2,047		10,944		36,146

4. STOCK				2024		2023
				£		£
Stock comprises:
Stock				63,300		115,000
Work in progress				396,853		337,000
				460,153		452,000

5. DEBTORS				2024		2023
				£		£
Amounts falling due within one year
Trade debtors				(122,459)		(153,648)
Bonus account				29,340		15,723
VAT				56,547		26,870
Other debtors				96,187		90,915
Prepayments				6,813		43,684
				66,428		23,544

P R Nautica Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
UK corporation tax				21,111		7,287
PAYE control				11,507		14,809
Trade creditors				38,347		15,565
Other creditors				16,812		16,825
Pension schemes				2,585		2,614
				90,362		57,100

7. PROVISIONS FOR LIABILITIES				2024		2023
				£		£
Warranties				25,000		25,000
Deferred taxation				7,064		3,015
				32,064		28,015

8. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
9000 Ordinary shares of £1.00 each				9000		9000
				9,000		9,000