Registered number
11959559
Neo-Resonance And Coaching Ltd
Filleted Accounts
29 February 2024
Neo-Resonance And Coaching Ltd
Registered number: 11959559
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,271 24,361
Current assets
Stocks 2,185 2,018
Debtors 4 3,750 12,388
Cash at bank and in hand 28,562 36,222
34,497 50,628
Creditors: amounts falling due within one year 5 (41,693) (60,795)
Net current liabilities (7,196) (10,167)
Total assets less current liabilities 11,075 14,194
Creditors: amounts falling due after more than one year 6 (5,993) (9,202)
Net assets 5,082 4,992
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,982 4,892
Shareholder's funds 5,082 4,992
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Emre Toker
Director
Approved by the board on 13 March 2024
Neo-Resonance And Coaching Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 43,308
At 29 February 2024 43,308
Depreciation
At 1 March 2023 18,947
Charge for the year 6,090
At 29 February 2024 25,037
Net book value
At 29 February 2024 18,271
At 28 February 2023 24,361
4 Debtors 2024 2023
£ £
Trade debtors - 6,157
Other debtors 3,750 6,231
3,750 12,388
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,161 2,703
Taxation and social security costs 22,081 11,396
Other creditors 18,451 46,696
41,693 60,795
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,993 9,202
7 Other information
Neo-Resonance And Coaching Ltd is a private company limited by shares and incorporated in England. Its registered office is:
338a , Regents Park Road
Office 3 and 4
London
N3 2LN
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