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Company Registration No. 13222427 (England and Wales)
NEILSONCO LIMITED Unaudited accounts for the period from 1 March 2023 to 28 February 2024
NEILSONCO LIMITED Unaudited accounts Contents
Page
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NEILSONCO LIMITED Company Information for the period from 1 March 2023 to 28 February 2024
Director
Nelson Alves Teixeira Freitas
Company Number
13222427 (England and Wales)
Registered Office
3 Stuart Street, Pontyclun CF72 9EF
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of NEILSONCO LIMITED for the period from 1 March 2023 to 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NEILSONCO LIMITED for the period from 1 March 2023 to 28 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 29 April 2024
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NEILSONCO LIMITED Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,078 
18,798 
Current assets
Inventories
- 
12,000 
Debtors
2,576 
- 
Cash at bank and in hand
136,609 
15,756 
139,185 
27,756 
Creditors: amounts falling due within one year
(4,610)
(15,397)
Net current assets
134,575 
12,359 
Total assets less current liabilities
148,653 
31,157 
Creditors: amounts falling due after more than one year
(216,382)
(69,955)
Provisions for liabilities
Deferred tax
(1,687)
(2,389)
Net liabilities
(69,416)
(41,187)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(69,418)
(41,189)
Shareholders' funds
(69,416)
(41,187)
For the period ending 28 February 2024 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 director acknowledges his 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 and authorised for issue on 29 April 2024 and were signed on its behalf by
Nelson Alves Teixeira Freitas Director Company Registration No. 13222427
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NEILSONCO LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
NEILSONCO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13222427. The registered office is 3 Stuart Street, , Pontyclun, CF72 9EF.
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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years
Motor vehicles
4 years
Fixtures & fittings
5 years
Computer equipment
5 years
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.
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.
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NEILSONCO LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
6,313 
9,433 
7,978 
677 
24,401 
At 28 February 2024
6,313 
9,433 
7,978 
677 
24,401 
Depreciation
At 1 March 2023
665 
3,144 
1,557 
237 
5,603 
Charge for the period
631 
2,358 
1,596 
135 
4,720 
At 28 February 2024
1,296 
5,502 
3,153 
372 
10,323 
Net book value
At 28 February 2024
5,017 
3,931 
4,825 
305 
14,078 
At 28 February 2023
5,648 
6,289 
6,421 
440 
18,798 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
- 
12,000 
- 
12,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,573 
- 
Other debtors
3 
- 
2,576 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,035 
8,353 
Trade creditors
75 
5,271 
Taxes and social security
- 
218 
Other creditors
- 
55 
Accruals
1,500 
1,500 
4,610 
15,397 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
216,382 
69,955 
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NEILSONCO LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,687 
2,389 
2024 
2023 
£ 
£ 
Provision at start of period
2,389 
1,174 
(Credited)/charged to the profit and loss account
(702)
1,215 
Provision at end of period
1,687 
2,389 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
11
Average number of employees
During the period the average number of employees was 7 (2023: 10).
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