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REGISTERED NUMBER: 06701730 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st March 2024

for

NEAT & STRIPY LIMITED

NEAT & STRIPY LIMITED (REGISTERED NUMBER: 06701730)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEAT & STRIPY LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTORS: C P Fitton
Mrs J A Fitton
A J Fitton





SECRETARY: Mrs J A Fitton





REGISTERED OFFICE: Lynwood
High Street
Partridge Green
West Sussex
RH13 8HR





REGISTERED NUMBER: 06701730 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

NEAT & STRIPY LIMITED (REGISTERED NUMBER: 06701730)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,038 118,370

CURRENT ASSETS
Debtors 5 240,913 262,179
Cash at bank and in hand 100,652 31,563
341,565 293,742
CREDITORS
Amounts falling due within one year 6 118,037 89,710
NET CURRENT ASSETS 223,528 204,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,566

322,402

CREDITORS
Amounts falling due after more than one
year

7

(47,603

)

(38,642

)

PROVISIONS FOR LIABILITIES (27,324 ) (22,490 )
NET ASSETS 300,639 261,270

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 300,529 261,160
300,639 261,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 & STRIPY LIMITED (REGISTERED NUMBER: 06701730)

Balance Sheet - continued
31st March 2024


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 3rd July 2024 and were signed on its behalf by:





C P Fitton - Director


NEAT & STRIPY LIMITED (REGISTERED NUMBER: 06701730)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Neat & Stripy 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 & machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Furniture & fixtures - 25% on reducing balance

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.

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 19 (2023 - 17 ) .

NEAT & STRIPY LIMITED (REGISTERED NUMBER: 06701730)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant & Office Motor Furniture
machinery equipment vehicles & fixtures Totals
£    £    £    £    £   
COST
At 1st April 2023 140,815 8,108 121,426 5,153 275,502
Additions 14,505 - 52,624 1,250 68,379
Disposals - - (15,294 ) - (15,294 )
At 31st March 2024 155,320 8,108 158,756 6,403 328,587
DEPRECIATION
At 1st April 2023 64,790 6,005 84,089 2,248 157,132
Charge for year 19,075 526 13,792 778 34,171
Eliminated on disposal - - (14,754 ) - (14,754 )
At 31st March 2024 83,865 6,531 83,127 3,026 176,549
NET BOOK VALUE
At 31st March 2024 71,455 1,577 75,629 3,377 152,038
At 31st March 2023 76,025 2,103 37,337 2,905 118,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,620 126,519
Amounts owed by group undertakings 130,087 130,047
Other debtors 7,206 5,613
240,913 262,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans & overdrafts 10,076 9,828
Hire purchase contracts 3,311 6,329
Trade creditors 3,359 5,350
Taxation and social security 92,104 65,757
Other creditors 9,187 2,446
118,037 89,710

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,909 27,157
Hire purchase contracts 30,694 11,485
47,603 38,642