Navan Limited
Unaudited Abbreviated Accounts
For the year ended 31 October 2016
Company Registration No. 02380626 (England and Wales)
Navan Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Navan Limited
Abbreviated Balance Sheet
As at 31 October 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,215
1,948
Current assets
Debtors
38,192
24,024
Cash at bank and in hand
12,725
45,663
50,917
69,687
Creditors: amounts falling due within one year
(24,974)
(28,880)
Net current assets
25,943
40,807
Total assets less current liabilities
27,158
42,755
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
26,158
41,755
Shareholders' funds
27,158
42,755
For the financial year ended 31 October 2016 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.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 July 2017
P Rowley
Director
Company Registration No. 02380626
Navan Limited
Notes to the Abbreviated Accounts
For the year ended 31 October 2016
Page 2
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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 less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
2 - 6 years straight line
1.5
Pensions
The company operates a defined contribution scheme for employees. The assets of the scheme are held seperately from those of the company. The annual contributions payable are charged to the profit and loss account.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Navan Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 31 October 2016
Page 3
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015
11,990
Additions
361
At 31 October 2016
12,351
Depreciation
At 1 November 2015
10,042
Charge for the year
1,094
At 31 October 2016
11,136
Net book value
At 31 October 2016
1,215
At 31 October 2015
1,948
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000