Registration number:
Neotec Equipment GB Limited
for the Year Ended 31 December 2022
Neotec Equipment GB Limited
Contents
Company Information |
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Director's Report |
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Balance Sheet |
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Notes to the Financial Statements |
Neotec Equipment GB Limited
Company Information
Director |
Pascal Jean Roux |
Registered office |
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Auditors |
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Neotec Equipment GB Limited
Director's Report for the Year Ended 31 December 2022
The report and the financial statements for the year ended 31 December 2022.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is of other engineering activities.
Going concern
The financial statments have been prepared on a going concern basis.
The company has full financial assistance(confirmed) from it's parent company to enable to continue operating and meeting it's liabilities as they fall due.
Covid-19 has significient impact on it's business.
Disclosure of information to the auditors
The director has taken steps that ought to have taken as a director in order to make aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that of and of which the auditors are unaware.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Neotec Equipment GB Limited
(Registration number: 10268845)
Balance Sheet as at 31 December 2022
Note |
2022 |
2021 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
- |
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|
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
(107,815) |
(95,047) |
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Shareholders' deficit |
(107,715) |
(94,947) |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Neotec Equipment GB Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
There was net deficiency of assets(£107,715) at the balance sheet date of which £105,915 related to amounts owing to group undertaking.The director has confirmed there will be continuing support from the parent for the next foreseable future and the parent has confirmed that it will not seek repayments of amount owing until the company is able to pay.
Neotec Equipment GB Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Audit report
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Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Neotec Equipment GB Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Auditors' remuneration |
2022 |
2021 |
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Audit of the financial statements |
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Other fees to auditors |
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All other assurance services |
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Neotec Equipment GB Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
Tangible assets |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 January 2022 |
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Disposals |
( |
( |
At 31 December 2022 |
- |
- |
Depreciation |
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At 1 January 2022 |
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Eliminated on disposal |
( |
( |
At 31 December 2022 |
- |
- |
Carrying amount |
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At 31 December 2022 |
- |
- |
Debtors |
Current |
2022 |
2021 |
Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Share capital |
Allotted, called up and fully paid shares
Neotec Equipment GB Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
2022 |
2021 |
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No. |
£ |
No. |
£ |
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Ordinary share of £1 each |
100 |
100 |
100 |
100 |
Related party transactions |
Summary of transactions with parent
(Parent)
During the period company invoiced for the provision of services to Neotec SAS in the sum of £0 (2021: £15l).
Novaera Services
(Ultimate parent)
During the period company invoiced for the provision of services to Novaera Services in the sum of £0 (2021: £0).
Loans from related parties
2022 |
Parent |
Other related parties |
Total |
At start of period |
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Advanced |
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- |
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Revaluation |
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At end of period |
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2021 |
Parent |
Other related parties |
Total |
At start of period |
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Advanced |
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Repaid |
( |
- |
( |
Impairment |
( |
( |
( |
At end of period |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is