2023-01-012023-12-312023-12-31false10542985NEO7 LIMITED2024-07-29iso4217:GBPxbrli:pure105429852023-01-01105429852023-12-31105429852023-01-012023-12-31105429852022-01-01105429852022-12-31105429852022-01-012022-12-3110542985bus:SmallEntities2023-01-012023-12-3110542985bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3110542985bus:FullAccounts2023-01-012023-12-3110542985bus:PrivateLimitedCompanyLtd2023-01-012023-12-3110542985core:WithinOneYear2023-12-3110542985core:AfterOneYear2023-12-3110542985core:WithinOneYear2022-12-3110542985core:AfterOneYear2022-12-3110542985core:ShareCapital2023-12-3110542985core:SharePremium2023-12-3110542985core:RevaluationReserve2023-12-3110542985core:OtherReservesSubtotal2023-12-3110542985core:RetainedEarningsAccumulatedLosses2023-12-3110542985core:ShareCapital2022-12-3110542985core:SharePremium2022-12-3110542985core:RevaluationReserve2022-12-3110542985core:OtherReservesSubtotal2022-12-3110542985core:RetainedEarningsAccumulatedLosses2022-12-3110542985core:LandBuildings2023-12-3110542985core:PlantMachinery2023-12-3110542985core:Vehicles2023-12-3110542985core:FurnitureFittings2023-12-3110542985core:OfficeEquipment2023-12-3110542985core:NetGoodwill2023-12-3110542985core:IntangibleAssetsOtherThanGoodwill2023-12-3110542985core:ListedExchangeTraded2023-12-3110542985core:UnlistedNon-exchangeTraded2023-12-3110542985core:LandBuildings2022-12-3110542985core:PlantMachinery2022-12-3110542985core:Vehicles2022-12-3110542985core:FurnitureFittings2022-12-3110542985core:OfficeEquipment2022-12-3110542985core:NetGoodwill2022-12-3110542985core:IntangibleAssetsOtherThanGoodwill2022-12-3110542985core:ListedExchangeTraded2022-12-3110542985core:UnlistedNon-exchangeTraded2022-12-3110542985core:LandBuildings2023-01-012023-12-3110542985core:PlantMachinery2023-01-012023-12-3110542985core:Vehicles2023-01-012023-12-3110542985core:FurnitureFittings2023-01-012023-12-3110542985core:OfficeEquipment2023-01-012023-12-3110542985core:NetGoodwill2023-01-012023-12-3110542985core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110542985core:ListedExchangeTraded2023-01-012023-12-3110542985core:UnlistedNon-exchangeTraded2023-01-012023-12-3110542985core:MoreThanFiveYears2023-01-012023-12-3110542985core:Non-currentFinancialInstruments2023-12-3110542985core:Non-currentFinancialInstruments2022-12-3110542985dpl:CostSales2023-01-012023-12-3110542985dpl:DistributionCosts2023-01-012023-12-3110542985core:LandBuildings2023-01-012023-12-3110542985core:PlantMachinery2023-01-012023-12-3110542985core:Vehicles2023-01-012023-12-3110542985core:FurnitureFittings2023-01-012023-12-3110542985core:OfficeEquipment2023-01-012023-12-3110542985dpl:AdministrativeExpenses2023-01-012023-12-3110542985core:NetGoodwill2023-01-012023-12-3110542985core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110542985dpl:GroupUndertakings2023-01-012023-12-3110542985dpl:ParticipatingInterests2023-01-012023-12-3110542985dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3110542985core:ListedExchangeTraded2023-01-012023-12-3110542985dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3110542985core:UnlistedNon-exchangeTraded2023-01-012023-12-3110542985dpl:CostSales2022-01-012022-12-3110542985dpl:DistributionCosts2022-01-012022-12-3110542985core:LandBuildings2022-01-012022-12-3110542985core:PlantMachinery2022-01-012022-12-3110542985core:Vehicles2022-01-012022-12-3110542985core:FurnitureFittings2022-01-012022-12-3110542985core:OfficeEquipment2022-01-012022-12-3110542985dpl:AdministrativeExpenses2022-01-012022-12-3110542985core:NetGoodwill2022-01-012022-12-3110542985core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110542985dpl:GroupUndertakings2022-01-012022-12-3110542985dpl:ParticipatingInterests2022-01-012022-12-3110542985dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3110542985core:ListedExchangeTraded2022-01-012022-12-3110542985dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3110542985core:UnlistedNon-exchangeTraded2022-01-012022-12-3110542985core:NetGoodwill2023-12-3110542985core:IntangibleAssetsOtherThanGoodwill2023-12-3110542985core:LandBuildings2023-12-3110542985core:PlantMachinery2023-12-3110542985core:Vehicles2023-12-3110542985core:FurnitureFittings2023-12-3110542985core:OfficeEquipment2023-12-3110542985core:AfterOneYear2023-12-3110542985core:WithinOneYear2023-12-3110542985core:ListedExchangeTraded2023-12-3110542985core:UnlistedNon-exchangeTraded2023-12-3110542985core:ShareCapital2023-12-3110542985core:SharePremium2023-12-3110542985core:RevaluationReserve2023-12-3110542985core:OtherReservesSubtotal2023-12-3110542985core:RetainedEarningsAccumulatedLosses2023-12-3110542985core:NetGoodwill2022-12-3110542985core:IntangibleAssetsOtherThanGoodwill2022-12-3110542985core:LandBuildings2022-12-3110542985core:PlantMachinery2022-12-3110542985core:Vehicles2022-12-3110542985core:FurnitureFittings2022-12-3110542985core:OfficeEquipment2022-12-3110542985core:AfterOneYear2022-12-3110542985core:WithinOneYear2022-12-3110542985core:ListedExchangeTraded2022-12-3110542985core:UnlistedNon-exchangeTraded2022-12-3110542985core:ShareCapital2022-12-3110542985core:SharePremium2022-12-3110542985core:RevaluationReserve2022-12-3110542985core:OtherReservesSubtotal2022-12-3110542985core:RetainedEarningsAccumulatedLosses2022-12-3110542985core:NetGoodwill2022-01-0110542985core:IntangibleAssetsOtherThanGoodwill2022-01-0110542985core:LandBuildings2022-01-0110542985core:PlantMachinery2022-01-0110542985core:Vehicles2022-01-0110542985core:FurnitureFittings2022-01-0110542985core:OfficeEquipment2022-01-0110542985core:AfterOneYear2022-01-0110542985core:WithinOneYear2022-01-0110542985core:ListedExchangeTraded2022-01-0110542985core:UnlistedNon-exchangeTraded2022-01-0110542985core:ShareCapital2022-01-0110542985core:SharePremium2022-01-0110542985core:RevaluationReserve2022-01-0110542985core:OtherReservesSubtotal2022-01-0110542985core:RetainedEarningsAccumulatedLosses2022-01-0110542985core:AfterOneYear2023-01-012023-12-3110542985core:WithinOneYear2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3110542985core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3110542985core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3110542985core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3110542985core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3110542985core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3110542985core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3110542985core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3110542985core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3110542985core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3110542985core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3110542985core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3110542985core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3110542985core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3110542985core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3110542985core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3110542985core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3110542985core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3110542985core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3110542985bus:Director12023-01-012023-12-3110542985core:FurnitureFittingsToolsEquipment2022-12-3110542985core:FurnitureFittingsToolsEquipment2023-12-3110542985core:FurnitureFittingsToolsEquipment2023-01-012023-12-31

NEO7 LIMITED

Registered Number
10542985
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

NEO7 LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Shailesh Patel

Registered Address

7 St. John's Road
Harrow
HA1 2EY

Registered Number

10542985 (England and Wales)
NEO7 LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets320263
20263
Current assets
Debtors4440994
Cash at bank and on hand294,260
4695,254
Creditors amounts falling due within one year5(28,822)(11,601)
Net current assets (liabilities)(28,353)(6,347)
Total assets less current liabilities(28,333)(6,084)
Creditors amounts falling due after one year6-(25,651)
Net assets(28,333)(31,735)
Capital and reserves
Called up share capital1010
Profit and loss account(28,343)(31,745)
Shareholders' funds(28,333)(31,735)
The financial statements were approved and authorised for issue by the Director on 29 July 2024, and are signed on its behalf by:
Shailesh Patel
Director
Registered Company No. 10542985
NEO7 LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
Neo7 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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Straight line (years)
Fixtures and fittings4
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 238312,3553,186
At 31 December 238312,3553,186
Depreciation and impairment
At 01 January 238312,0922,923
Charge for year-243243
At 31 December 238312,3353,166
Net book value
At 31 December 23-2020
At 31 December 22-263263
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-412
Other debtors440582
Total440994
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables504216
Bank borrowings and overdrafts26,78110,000
Other creditors1,2371,235
Accrued liabilities and deferred income300150
Total28,82211,601
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts-25,651
Total-25,651