Navmii Publishing Ltd
Navmii Publishing Ltd
Registered number: 06390277
Unaudited Financial Statements
For The Year Ended 31 October 2017
Navmii Publishing Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—7 |
Navmii Publishing Ltd
Balance Sheet
As at
31 October 2017
Balance Sheet
Registered number:
06390277
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 5 |
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| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 9 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Share premium account |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | (1,624,765) | (903,390) | |||
Page 1
Navmii Publishing Ltd
Balance Sheet (continued)
As at
31 October 2017
Directors' responsibilities:
-
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 Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 4 to 7 form part of these financial statements.
Page 2
Navmii Publishing Ltd
Statement of Changes in Equity
For The Year Ended 31 October 2017
Statement of Changes in Equity
| Share Capital | Share Premium | Profit & Loss Account | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| As at 1 November 2015 |
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|
( |
(478,358) |
| Loss for the year and total comprehensive income | - | - |
( |
(425,032) |
| As at 31 October 2016 and 1 November 2016 |
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( |
(903,390) |
| Loss for the year and total comprehensive income | - | - |
( |
(721,375) |
| As at |
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( |
(1,624,765) |
Page 3
Navmii Publishing Ltd
Notes to the Unaudited Accounts
For The Year Ended 31 October 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These are the company's first set of financial statements prepared in accordance with FRS 102. There were no material adjustments required to the figures to reconcile the change in this accounting policy.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Research and Development
Expenditure on research is written off in the year it is incurred and development expenditure is capitalised and once in use the assets will be written off over a period of 4 years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
| Motor Vehicles |
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| Computer Equipment |
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1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
|---|---|---|---|
| Office and administration |
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| Sales, marketing and distribution |
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Page 4
Navmii Publishing Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 October 2017
5.
Intangible Assets
| Development Costs | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at |
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| Additions |
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| Amortisation | |||
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| Net Book Value | |||
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6.
Tangible Assets
| Motor Vehicles | Computer Equipment | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions |
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| As at |
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| Depreciation | |||
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |||
| As at |
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| As at |
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Page 5
Navmii Publishing Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 October 2017
7.
Debtors
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| VAT |
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| Due after more than one year | |||
| Other debtors |
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8.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| Other creditors |
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| Accruals and deferred income |
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| Amounts owed to group undertakings |
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9.
Creditors: Amounts Falling Due After More Than One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Other creditors |
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| Amounts owed to group undertakings |
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Page 6
Navmii Publishing Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 October 2017
11.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Navmii Holdings Ltd . Navmii Holdings Ltd was incorporated in England and Wales. The ultimate controlling party is P Atalla who controls a majority of the issued share capital of Navmii Holdings Ltd.
12.
General Information
Navmii Publishing Ltd Registered number 06390277 is a limited by shares company incorporated in England & Wales. The Registered Office is G01 Power Road Studios, 114 Power Road, Chiswick, London, W4 5PY.
Page 7