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REGISTERED NUMBER: 13772440 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NEOM ENGINEERING LIMITED

NEOM ENGINEERING LIMITED (REGISTERED NUMBER: 13772440)






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


NEOM ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Z Khan
M H Ali





REGISTERED OFFICE: Unit 29
Park Farm Industrial Estate
Crossgate Road
Redditch
Worcestershire
B98 7SN





REGISTERED NUMBER: 13772440 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

NEOM ENGINEERING LIMITED (REGISTERED NUMBER: 13772440)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,069 911

CURRENT ASSETS
Stocks 230,684 164,552
Debtors 5 672,603 68,921
Cash at bank and in hand 787,579 78,392
1,690,866 311,865
CREDITORS
Amounts falling due within one year 6 1,184,835 181,914
NET CURRENT ASSETS 506,031 129,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,100

130,862

PROVISIONS FOR LIABILITIES 2,634 173
NET ASSETS 533,466 130,689

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 533,456 130,679
533,466 130,689

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.

NEOM ENGINEERING LIMITED (REGISTERED NUMBER: 13772440)

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 27 August 2024 and were signed on its behalf by:





M H Ali - Director


NEOM ENGINEERING LIMITED (REGISTERED NUMBER: 13772440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Neom Engineering 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 and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


NEOM ENGINEERING LIMITED (REGISTERED NUMBER: 13772440)

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 8 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 - 407 - 560 967
Additions 2,471 3,282 84,772 2,152 92,677
Disposals - - (60,782 ) - (60,782 )
At 30 November 2023 2,471 3,689 23,990 2,712 32,862
DEPRECIATION
At 1 December 2022 - 13 - 43 56
Charge for year 356 451 6,434 561 7,802
Eliminated on disposal - - (5,065 ) - (5,065 )
At 30 November 2023 356 464 1,369 604 2,793
NET BOOK VALUE
At 30 November 2023 2,115 3,225 22,621 2,108 30,069
At 30 November 2022 - 394 - 517 911

NEOM ENGINEERING LIMITED (REGISTERED NUMBER: 13772440)

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 238,163 -
Amounts owed by participating interests 403,922 -
Other debtors 30,518 68,921
672,603 68,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 82,631 110,410
Taxation and social security 181,864 30,474
Other creditors 920,340 41,030
1,184,835 181,914

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

30.11.23 30.11.22
£    £   
Z Khan
Balance outstanding at start of year - -
Amounts advanced 9,690 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,690 -

M H Ali
Balance outstanding at start of year - -
Amounts advanced 19,480 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,480 -

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who hold 100% of the issued share capital.