NAVP Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06915482

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,179		1,472

			1,179		1,472
CURRENT ASSETS
Stocks	6	2,783		4,315
Cash at bank and in hand		155,805		142,198

		158,588		146,513
Creditors: Amounts Falling Due Within One Year	7	(720 )		(1,320 )

NET CURRENT ASSETS (LIABILITIES)			157,868		145,193

TOTAL ASSETS LESS CURRENT LIABILITIES			159,047		146,665

NET ASSETS			159,047		146,665

Income and Expenditure Account			159,047		146,665

MEMBERS' FUNDS			159,047		146,665

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NAVP Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Charlotte Firkins

Director

22/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

NAVP Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06915482 . The registered office is 21 New Walk, Leicester, LE1 6TE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income and expenditure account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% on cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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NAVP Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2024	5,868

As at 31 January 2025	5,868

Amortisation
As at 1 February 2024	4,396
Provided during the period	293

As at 31 January 2025	4,689

Net Book Value
As at 31 January 2025	1,179

As at 1 February 2024	1,472

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 February 2024	788
Disposals	(788 )

As at 31 January 2025	-

Depreciation
As at 1 February 2024	788
Disposals	(788 )

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	-

As at 1 February 2024	-

6. Stocks

	2025	2024
	£	£
Stock	2,783	4,315

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NAVP Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	720	1,320

8. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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