Nautilus Imports Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 04676143

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,518		9,608

			7,518		9,608
CURRENT ASSETS
Stocks		5,500		11,500
Cash at bank and in hand		48,411		68,477

		53,911		79,977
Creditors: Amounts Falling Due Within One Year		(2,271 )		(3,114 )

NET CURRENT ASSETS (LIABILITIES)			51,640		76,863

TOTAL ASSETS LESS CURRENT LIABILITIES			59,158		86,471

Creditors: Amounts Falling Due After More Than One Year			(50,000 )		(80,000 )

NET ASSETS			9,158		6,471

CAPITAL AND RESERVES
Called up share capital	5		1		1
Profit and Loss Account			9,157		6,470

SHAREHOLDERS' FUNDS			9,158		6,471

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Nautilus Imports Ltd

Abridged Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr James French

Director

16/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Nautilus Imports Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04676143 . The registered office is 138 Quay Road, Bridlington, North Humberside, YO16 4JB.

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.

2.3. 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	reducing balance 25%
Motor Vehicles	reducing balance 25%
Computer Equipment	straight line 33%

2.4. Stocks and Work in Progress

Stocks are valued at director's estimate of cost.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Nautilus Imports Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 March 2024	30,772
Additions	367

As at 28 February 2025	31,139

Depreciation
As at 1 March 2024	21,164
Provided during the period	2,457

As at 28 February 2025	23,621

Net Book Value
As at 28 February 2025	7,518

As at 1 March 2024	9,608

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

6. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	500	24,000

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