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REGISTERED NUMBER: 09863433 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Neat Vehicles Limited

Neat Vehicles Limited (Registered number: 09863433)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Neat Vehicles Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr N A Townsend
Mrs E J Townsend





REGISTERED OFFICE: Unit 6
Fulwood Road North
Sutton In Ashfield
Nottinghamshire
NG17 2NB





REGISTERED NUMBER: 09863433 (England and Wales)





ACCOUNTANTS: 123 Cloud Accounting Ltd
31 Brookfields Way
East Leake
Leicestershire
LE12 6HD

Neat Vehicles Limited (Registered number: 09863433)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,468 20,133

CURRENT ASSETS
Stocks 127,895 73,119
Debtors 5 293,586 240,767
Cash at bank and in hand 197,503 227,738
618,984 541,624
CREDITORS
Amounts falling due within one year 6 251,879 276,557
NET CURRENT ASSETS 367,105 265,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,573

285,200

PROVISIONS FOR LIABILITIES 2,749 4,089
NET ASSETS 378,824 281,111

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 378,724 281,011
SHAREHOLDERS' FUNDS 378,824 281,111

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Neat Vehicles Limited (Registered number: 09863433)

Balance Sheet - continued
30 November 2023


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 28 March 2024 and were signed on its behalf by:





Mr N A Townsend - Director


Neat Vehicles Limited (Registered number: 09863433)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Neat Vehicles 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and Machinery at 20% using the reducing balance method.
Office Equipment at 33% using the straight line method.
Motor Vehicles at 25% using the reducing balance method.

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.


Neat Vehicles Limited (Registered number: 09863433)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 104,307
Disposals (1,000 )
At 30 November 2023 103,307
DEPRECIATION
At 1 December 2022 84,174
Charge for year 5,532
Eliminated on disposal (867 )
At 30 November 2023 88,839
NET BOOK VALUE
At 30 November 2023 14,468
At 30 November 2022 20,133

Neat Vehicles Limited (Registered number: 09863433)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 168,983 31,625
Other debtors 124,603 209,142
293,586 240,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 127,024 165,659
Taxation and social security 4,987 3,103
Other creditors 119,868 107,795
251,879 276,557