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REGISTERED NUMBER: 05021788 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Neville Symonds Associates Ltd

Neville Symonds Associates Ltd (Registered number: 05021788)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Neville Symonds Associates Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs H L Seaborne
R M H Symonds
N R Symonds
W J R Symonds





SECRETARY: Mrs H L Seaborne





REGISTERED OFFICE: Drakewell
Stoke Lacy
Bromyard
Hereford
HR7 4HG





REGISTERED NUMBER: 05021788 (England and Wales)





ACCOUNTANTS: Charles Hinitt & Associates Limited
Chartered Certified Accountants
48 Belle Vue Terrace
Malvern
Worcestershire
WR14 4QG

Neville Symonds Associates Ltd (Registered number: 05021788)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,750 18,750
Tangible assets 5 679,108 705,746
Investments 6 250 250
683,108 724,746

CURRENT ASSETS
Stocks 16,350 18,650
Debtors 9,958 13,220
Cash at bank 405,377 383,505
431,685 415,375
CREDITORS
Amounts falling due within one year 456,889 432,282
NET CURRENT LIABILITIES (25,204 ) (16,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,904

707,839

PROVISIONS FOR LIABILITIES 16,115 14,455
NET ASSETS 641,789 693,384

CAPITAL AND RESERVES
Called up share capital 950 950
Retained earnings 640,839 692,434
641,789 693,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Neville Symonds Associates Ltd (Registered number: 05021788)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 August 2024 and were signed on its behalf by:





Mrs H L Seaborne - Director


Neville Symonds Associates Ltd (Registered number: 05021788)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Neville Symonds Associates Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost (excl residential property)
Plant and machinery etc - 20% on cost, 15% on cost and at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Neville Symonds Associates Ltd (Registered number: 05021788)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 40 (2022 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 300,000
AMORTISATION
At 1 January 2023 281,250
Amortisation for year 15,000
At 31 December 2023 296,250
NET BOOK VALUE

At 31 December 2023 3,750
At 31 December 2022 18,750

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,885,251
Additions 77,151
Disposals (18,695 )
At 31 December 2023 1,943,707
DEPRECIATION
At 1 January 2023 1,179,505
Charge for year 102,826
Eliminated on disposal (17,732 )
At 31 December 2023 1,264,599
NET BOOK VALUE
At 31 December 2023 679,108
At 31 December 2022 705,746

Neville Symonds Associates Ltd (Registered number: 05021788)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 250
NET BOOK VALUE
At 31 December 2023 250
At 31 December 2022 250

7. RELATED PARTY DISCLOSURES

At the year end the company owed it's Directors £352,211 (2022 : £306,895). The amounts are repayable on demand and are not subject to interest.

8. ULTIMATE CONTROLLING PARTY

The controlling party is N R Symonds.