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Registration number: 08298857

Naomi Paul Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Naomi Paul Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Naomi Paul Limited

Company Information

Director | Mrs N Rochowski

Registered office | Unit 25 Fairways Business Park Lammas Road London E10 7QB

Naomi Paul Limited

(Registration number: 08298857)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 17,501 | 17,060
Current assets |  |  |
Stocks | 6 | 15,477 | 6,865
Debtors | 7 | 39,776 | 53,638
Cash at bank and in hand |  | 143,574 | 249,698
|  | 198,827 | 310,201
Creditors: Amounts falling due within one year | 8 | (16,019) | (57,226)
Net current assets |  | 182,808 | 252,975
Total assets less current liabilities |  | 200,309 | 270,035
Creditors: Amounts falling due after more than one year | 8 | (27,526) | (32,632)
Provisions for liabilities |  | (4,251) | (4,144)
Net assets |  | 168,532 | 233,259
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 168,432 | 233,159
Shareholders' funds |  | 168,532 | 233,259

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Naomi Paul Limited

(Registration number: 08298857)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 2 October 2025

.........................................

Mrs N Rochowski
Director

Naomi Paul Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 25
Fairways Business Park
Lammas Road
London
E10 7QB

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Naomi Paul Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 25% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.

Naomi Paul Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Naomi Paul Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 10,000 | 10,000
At 31 March 2025 | 10,000 | 10,000
Amortisation
At 1 April 2024 | 10,000 | 10,000
At 31 March 2025 | 10,000 | 10,000
Carrying amount
At 31 March 2025 | - | -

5 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 22,711 | 22,711
Additions | 6,398 | 6,398
Disposals | (140) | (140)
At 31 March 2025 | 28,969 | 28,969
Depreciation
At 1 April 2024 | 5,651 | 5,651
Charge for the year | 5,818 | 5,818
Eliminated on disposal | (1) | (1)
At 31 March 2025 | 11,468 | 11,468
Carrying amount
At 31 March 2025 | 17,501 | 17,501
At 31 March 2024 | 17,060 | 17,060

Naomi Paul Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 15,477 | 6,865

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 31,910 | 50,306
Prepayments | 2,764 | -
Other debtors | 5,102 | 3,332
| 39,776 | 53,638

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 8,210 | 5,472
Trade creditors |  | 4,326 | 3,679
Taxation and social security |  | 2,819 | 43,020
Other creditors |  | 504 | 2,807
Accruals |  | 160 | 2,248
|  | 16,019 | 57,226

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 27,526 | 32,632

| - | -

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 27,526 | 32,632

Naomi Paul Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 5,104 | 5,466
Directors loan account | 3,106 | 6
| 8,210 | 5,472

Bank borrowings

Bank borrowings of £32,630 (£5,104 due within 1 year and £27,526 due after 1 year) at 31st March 2025 represents an unsecured "bounce-back" loan from HSBC, with an interest rate of 2.5% per annum.

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

11 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 22,950 | 22,350
Later than one year and not later than five years | 1,917 | 24,867
| 24,867 | 47,217

12 | Related party transactions

Summary of transactions with other related parties

Nick Rochowski Photography Limited
Nick Rochowski Photography Limited is owned by Mr N Rochowski, husband of Mrs N Rochowski, the owner and director of the Company.
During the year, the Company invoiced £8,925 (2024: £8,925) of rental and rates costs to Nick Rochowski Photography Limited. Nick Rochowski Photography Limited did not provide services to the company during the period (2024: Nil).

Naomi Paul Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

13 | Control

The controlling party is Mrs N Rochowski.
The ultimate controlling party is Mrs N Rochowski.