Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseDistilling, rectifying and blending of spirits.21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13739686 2022-12-01 2023-11-30 13739686 2021-11-12 2022-11-30 13739686 2023-11-30 13739686 2022-11-30 13739686 c:Director1 2022-12-01 2023-11-30 13739686 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-01 2023-11-30 13739686 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-30 13739686 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-11-30 13739686 d:CurrentFinancialInstruments 2023-11-30 13739686 d:CurrentFinancialInstruments 2022-11-30 13739686 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13739686 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13739686 d:ShareCapital 2023-11-30 13739686 d:ShareCapital 2022-11-30 13739686 d:SharePremium 2023-11-30 13739686 d:SharePremium 2022-11-30 13739686 d:RetainedEarningsAccumulatedLosses 2023-11-30 13739686 d:RetainedEarningsAccumulatedLosses 2022-11-30 13739686 c:OrdinaryShareClass1 2022-12-01 2023-11-30 13739686 c:OrdinaryShareClass1 2023-11-30 13739686 c:OrdinaryShareClass1 2022-11-30 13739686 c:FRS102 2022-12-01 2023-11-30 13739686 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13739686 c:FullAccounts 2022-12-01 2023-11-30 13739686 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13739686 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-12-01 2023-11-30 13739686 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13739686









NEURITA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
NEURITA LTD
REGISTERED NUMBER: 13739686

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
1,619
2,041

CURRENT ASSETS
  

Stocks
  
82,253
100,432

Debtors: amounts falling due within one year
 5 
14,680
676

Cash at bank and in hand
  
47,512
96,802

  
144,445
197,910

Creditors: amounts falling due within one year
 6 
(81,995)
(75,265)

NET CURRENT ASSETS
  
 
 
62,450
 
 
122,645

TOTAL ASSETS LESS CURRENT LIABILITIES
  
64,069
124,686

  

NET ASSETS
  
64,069
124,686


CAPITAL AND RESERVES
  

Called up share capital 
 7 
22,707
21,755

Share premium account
  
229,536
141,982

Profit and loss account
  
(188,174)
(39,051)

  
64,069
124,686


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
NEURITA LTD
REGISTERED NUMBER: 13739686
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L Smith
Director

Date: 28 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

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

1.


GENERAL INFORMATION

Neurita Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 5 South Frith, London Road, Tunbridge Wells, TN4 0UQ.
The figures in the accounts are rounded to the nearest pound.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 
2.4

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Trademarks
-
5
years

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).

Page 4

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

4.


INTANGIBLE ASSETS




Trademarks

£



COST


At 1 December 2022
2,111



At 30 November 2023

2,111



AMORTISATION


At 1 December 2022
70


Charge for the year on owned assets
422



At 30 November 2023

492



NET BOOK VALUE



At 30 November 2023
1,619



At 30 November 2022
2,041




5.


DEBTORS

2023
2022
£
£


Trade debtors
705
336

Other debtors
10,175
-

Prepayments and accrued income
3,800
340

14,680
676


Page 5

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

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Other loans
69,176
69,176

Trade creditors
10,069
4,289

Accruals and deferred income
2,750
1,800

81,995
75,265



7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2,270,672 (2022 - 2,175,534) Ordinary shares of £0.01 each
22,707
21,755


On 20 February 2023, 10,526 £0.01 Ordinary shares were issued for a total consideration of £10,000.
On 22 September 2023, 84,612 £0.01 Ordinary shares were issued for a total consideration of £80,381.

 
Page 6