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Company Registration No. 11090744 (England and Wales)
Neustadt Ltd Unaudited accounts for the year ended 30 November 2023
Neustadt Ltd Unaudited accounts Contents
Page
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Neustadt Ltd Company Information for the year ended 30 November 2023
Directors
Mr J Murray Mrs R Murray
Company Number
11090744 (England and Wales)
Registered Office
2 EXETER STREET COTTINGHAM HU16 4LU ENGLAND
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Neustadt Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
555 
665 
Cash at bank and in hand
1,071 
132 
1,626 
797 
Creditors: amounts falling due within one year
(39,281)
(18,760)
Net current liabilities
(37,655)
(17,963)
Net liabilities
(37,655)
(17,963)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(37,755)
(18,063)
Shareholders' funds
(37,655)
(17,963)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by
Mrs R Murray Director Company Registration No. 11090744
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Neustadt Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Neustadt Ltd is a private company, limited by shares, registered in England and Wales, registration number 11090744. The registered office is 2 EXETER STREET, COTTINGHAM, HU16 4LU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Neustadt Ltd Notes to the Accounts for the year ended 30 November 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
150 
260 
Accrued income and prepayments
405 
405 
555 
665 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
20,740 
- 
Loans from directors
18,481 
18,700 
Accruals
60 
60 
39,281 
18,760 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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