REGISTERED NUMBER: 05146668 (England and Wales)

NAVILLUS PRINT GIFTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Intangible assets

4

100,516

119,096

Tangible assets

5

41,066

7,200

141,582

126,296

CURRENT ASSETS

Stocks

4,108

6,414

Debtors

6

109,003

79,111

Cash at bank

194,578

234,161

307,689

319,686

CREDITORS

Amounts falling due within one year

7

(156,894

)

(171,390

)

NET CURRENT ASSETS

150,795

148,296

TOTAL ASSETS LESS CURRENT LIABILITIES

292,377

274,592

PROVISIONS FOR LIABILITIES

(10,322

)

(1,800

)

NET ASSETS

282,055

272,792

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

281,955

272,692

282,055

272,792

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

R J Sullivan - Director

1.	STATUTORY INFORMATION

Navillus Print Gifts 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.

The financial statements are prepared in sterling which is the functional currency of the company, rounded to the nearest Pound.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

185,805

AMORTISATION

At 1 January 2024

66,709

Charge for year

18,580

At 31 December 2024

85,289

NET BOOK VALUE

At 31 December 2024

100,516

At 31 December 2023

119,096

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

433

-

12,384

12,817

Additions

-

32,998

5,173

38,171

Disposals

-

-

(2,869

)

(2,869

)

At 31 December 2024

433

32,998

14,688

48,119

DEPRECIATION

At 1 January 2024

296

-

5,321

5,617

Charge for year

34

687

1,823

2,544

Eliminated on disposal

-

-

(1,108

)

(1,108

)

At 31 December 2024

330

687

6,036

7,053

NET BOOK VALUE

At 31 December 2024

103

32,311

8,652

41,066

At 31 December 2023

137

-

7,063

7,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

90,194

62,760

Other debtors

9,000

9,047

Prepayments and accrued income

9,809

7,304

109,003

79,111

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

7,674

Trade creditors

99,892

87,239

Corporation tax

25,355

52,381

Social security and other taxes

2,787

3,332

VAT

25,661

20,282

Other creditors

353

423

Directors' current accounts

2,846

59

156,894

171,390