REGISTERED NUMBER: 04440286 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NAVSON LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S Kanal

SECRETARY:

S Kanal

REGISTERED OFFICE:

Navson House

Eversley Way

Egham

Surrey

TW20 8RY

REGISTERED NUMBER:

04440286 (England and Wales)

ACCOUNTANTS:

Herath Associates Limited

Chartered Certified Accountants

1 Chiltern Business Centre

Amersham

Buckinghamshire

HP6 6AA

FIXED ASSETS

Tangible assets

4

2,305,212

2,518,265

CURRENT ASSETS

Stocks

790,189

617,801

Debtors

5

3,432,525

3,352,612

Cash at bank

523,816

573,119

4,746,530

4,543,532

CREDITORS

Amounts falling due within one year

6

2,606,364

2,520,291

NET CURRENT ASSETS

2,140,166

2,023,241

TOTAL ASSETS LESS CURRENT LIABILITIES

4,445,378

4,541,506

CREDITORS

Amounts falling due after more than one year

7

(688,132

)

(709,370

)

PROVISIONS FOR LIABILITIES

(43,254

)

(47,759

)

NET ASSETS

3,713,992

3,784,377

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Revaluation reserve

10

424,212

421,571

Retained earnings

3,288,780

3,361,806

SHAREHOLDERS' FUNDS

3,713,992

3,784,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 September 2026 and were signed by:

S Kanal - Director

1.	STATUTORY INFORMATION

Navson Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash and other consideration, expected to be paid or received.

However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Going concern

The director regularly reviews forecasts of cash flows and profitability. Based on these forecasts, the director has a reasonable expectation that there are adequate resources for the company to continue in operational existence for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

975,000

2,202,298

3,177,298

Additions

-

55,635

55,635

Disposals

-

(89,256

)

(89,256

)

At 31 December 2025

975,000

2,168,677

3,143,677

DEPRECIATION

At 1 January 2025

70,000

589,033

659,033

Charge for year

6,999

224,595

231,594

Eliminated on disposal

-

(52,162

)

(52,162

)

At 31 December 2025

76,999

761,466

838,465

NET BOOK VALUE

At 31 December 2025

898,001

1,407,211

2,305,212

At 31 December 2024

905,000

1,613,265

2,518,265

Cost or valuation at 31 December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2014

439,993

-

439,993

Cost

535,007

2,168,677

2,703,684

975,000

2,168,677

3,143,677

If Freehold land and building had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

535,007

535,007

Aggregate depreciation

104,475

99,339

Value of land in freehold land and buildings

430,532

435,668

Freehold land and building were valued on an open market basis on 31 December 2014 by Haslams, Chartered Surveyors .

5.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

1,120,519

958,408

Other debtors

450,000

454,534

1,570,519

1,412,942

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,862,006

1,939,670

Aggregate amounts

3,432,525

3,352,612

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

151,030

828,910

Trade creditors

2,024,247

1,050,465

Taxation and social security

117,732

106,184

Other creditors

313,355

534,732

2,606,364

2,520,291

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

688,132

709,370

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

151,030

828,910

Bank loans

688,132

709,370

839,162

1,538,280

The bank overdraft and loans are held with National Westminster Bank Plc and The Royal Bank of Scotland and are secured on the assets of the business and personal guarantees given by the directors of the company.

.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

1,000

Ordinary

1

1,000

1,000

10.

RESERVES

Revaluation

reserve

£

At 1 January 2025

421,571

Revaluation reserve

2,641

At 31 December 2025

424,212

11.	RELATED PARTY DISCLOSURES

The loan balance owing by group companies at the year end was £1,862,006 (2024: £1,939,670).

31.12.2025

31.12.2024

Loan to Navson Group

£1,016,000

£1,016,000

Loan to Navson Paper Ltd

£846,005.8

£923,669.86

£1,862,006

£1,939,670

During the year the company sold goods valued at £733,869.32 to a related party and purchased goods of £ 1,100.21 from related party. At the year end the related party owed the company £176,898.68.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Navson Group Limited.