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REGISTERED NUMBER: 03324408 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 June 2024

for

Neave Associates Ltd

Neave Associates Ltd (Registered number: 03324408)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Neave Associates Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J P Neave
Mrs Y M Neave





SECRETARY: Mrs Y M Neave





REGISTERED OFFICE: 107 Parklands
Wotton Under Edge
Gloucestershire
GL12 7NR





REGISTERED NUMBER: 03324408 (England and Wales)





ACCOUNTANTS: Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Neave Associates Ltd (Registered number: 03324408)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,791 2,569

CURRENT ASSETS
Debtors 5 43,801 40,693
Cash at bank 47,867 36,937
91,668 77,630
CREDITORS
Amounts falling due within one year 6 (32,860 ) (27,108 )
NET CURRENT ASSETS 58,808 50,522
TOTAL ASSETS LESS CURRENT LIABILITIES 60,599 53,091

PROVISIONS FOR LIABILITIES (448 ) (600 )
NET ASSETS 60,151 52,491

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 59,151 51,491
SHAREHOLDERS' FUNDS 60,151 52,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 22 August 2024 and were signed on its behalf by:





Mr J P Neave - Director


Neave Associates Ltd (Registered number: 03324408)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Neave 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

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 2 (2023 - 2 ) .

Neave Associates Ltd (Registered number: 03324408)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 511 9,155 9,666
Additions - 1,499 1,499
Disposals - (4,274 ) (4,274 )
At 30 June 2024 511 6,380 6,891
DEPRECIATION
At 1 July 2023 249 6,848 7,097
Charge for year 40 781 821
Eliminated on disposal - (2,818 ) (2,818 )
At 30 June 2024 289 4,811 5,100
NET BOOK VALUE
At 30 June 2024 222 1,569 1,791
At 30 June 2023 262 2,307 2,569

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 43,740 40,620
Other debtors - 16
Prepayments 61 57
43,801 40,693

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 32 -
Tax 23,369 18,697
VAT 6,969 6,554
Directors' current accounts 1,441 817
Accrued expenses 1,049 1,040
32,860 27,108

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

Neave Associates Ltd (Registered number: 03324408)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RESERVES
Retained
earnings
£   

At 1 July 2023 51,491
Profit for the year 78,160
Dividends (70,500 )
At 30 June 2024 59,151

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Neave Associates Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Neave Associates Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Neave Associates Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Neave Associates Ltd and state those matters that we have agreed to state to the Board of Directors of Neave Associates Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neave Associates Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Neave Associates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Neave Associates Ltd. You consider that Neave Associates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Neave Associates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY


22 August 2024