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REGISTERED NUMBER: 03708724 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

NEON ELECTRICAL LIMITED

NEON ELECTRICAL LIMITED (REGISTERED NUMBER: 03708724)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEON ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: R Walker
K L Walker





REGISTERED OFFICE: 2 Gleneagles Drive
Bessacarr
Doncaster
South Yorkshire
DN4 6UN





REGISTERED NUMBER: 03708724 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

NEON ELECTRICAL LIMITED (REGISTERED NUMBER: 03708724)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,014 12,340
Investments 5 236,121 236,121
269,135 248,461

CURRENT ASSETS
Stocks 6 3,000 3,000
Debtors 7 39,890 25,010
Cash at bank 140,454 109,021
183,344 137,031
CREDITORS
Amounts falling due within one year 8 118,656 61,397
NET CURRENT ASSETS 64,688 75,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,823

324,095

CREDITORS
Amounts falling due after more than one
year

9

43,492

50,000
NET ASSETS 290,331 274,095

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 290,329 274,093
SHAREHOLDERS' FUNDS 290,331 274,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NEON ELECTRICAL LIMITED (REGISTERED NUMBER: 03708724)

BALANCE SHEET - continued
28 FEBRUARY 2022


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 Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





K L Walker - Director


NEON ELECTRICAL LIMITED (REGISTERED NUMBER: 03708724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022


1. STATUTORY INFORMATION

Neon Electrical Limited 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.

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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 6 ) .

NEON ELECTRICAL LIMITED (REGISTERED NUMBER: 03708724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2021 14,598 1,323 30,011 2,239 48,171
Additions 434 - 30,373 333 31,140
At 28 February 2022 15,032 1,323 60,384 2,572 79,311
DEPRECIATION
At 1 March 2021 12,072 1,165 22,258 336 35,831
Charge for year 497 24 9,533 412 10,466
At 28 February 2022 12,569 1,189 31,791 748 46,297
NET BOOK VALUE
At 28 February 2022 2,463 134 28,593 1,824 33,014
At 28 February 2021 2,526 158 7,753 1,903 12,340

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1 March 2021
and 28 February 2022 236,121

6. STOCKS
2022 2021
£    £   
Stocks 1,000 1,000
Work-in-progress 2,000 2,000
3,000 3,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 31,520 23,375
Other debtors 8,370 1,635
39,890 25,010

NEON ELECTRICAL LIMITED (REGISTERED NUMBER: 03708724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 21,949 5,723
Taxation and social security 13,276 15,022
Other creditors 83,431 40,652
118,656 61,397

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors 43,492 50,000

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was owed from a director in the sum of £80,848 (2021: £37,967).

There are no formal repayment terms attached to this loan and interest is not being charged.