Neo Electronics Limited 01882260 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of designer and manufacturer of electronic control systems. The principal activity ceased on 8 June 2020 but the company is continuing to maintain the building. Digita Accounts Production Advanced 6.30.9574.0 true true 01882260 2023-06-01 2024-05-31 01882260 2024-05-31 01882260 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 01882260 core:ParentEntities 2024-05-31 01882260 bus:SmallEntities 2023-06-01 2024-05-31 01882260 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 01882260 bus:FilletedAccounts 2023-06-01 2024-05-31 01882260 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 01882260 bus:RegisteredOffice 2023-06-01 2024-05-31 01882260 bus:Director1 2023-06-01 2024-05-31 01882260 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01882260 core:ParentEntities 2023-06-01 2024-05-31 01882260 1 2023-06-01 2024-05-31 01882260 countries:EnglandWales 2023-06-01 2024-05-31 01882260 2023-05-31 01882260 core:ParentEntities 2023-05-31 01882260 2022-06-01 2023-05-31 01882260 2023-05-31 01882260 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 01882260 core:ParentEntities 2023-05-31 01882260 core:ParentEntities 2022-06-01 2023-05-31 01882260 2022-05-31 01882260 core:ParentEntities 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 01882260




Neo Electronics Limited
Annual Report and
Unaudited Financial Statements

31 May 2024

 

Neo Electronics Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Neo Electronics Limited

Balance Sheet
31 May 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

16,510

19,406

Creditors: Amounts falling due within one year

4

(23,618)

(24,230)

Net liabilities

 

(7,108)

(4,824)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(7,208)

(4,924)

Shareholders' deficit

 

(7,108)

(4,824)

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 October 2024
 

.........................................
Mr C Schofield
Director

Company Registration Number: 01882260

 

Neo Electronics Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Neo Electronics Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

14

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

5

22,551

23,401

Accruals and deferred income

 

1,040

789

Other creditors

 

27

26

 

23,618

24,230

 

Neo Electronics Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2024

5

Related party transactions

Loans from related parties

2024

Parent
£

Total
£

At start of period

23,401

23,401

Repaid

(850)

(850)

At end of period

22,551

22,551

2023

Parent
£

Total
£

At start of period

125,000

125,000

Repaid

(101,599)

(101,599)

At end of period

23,401

23,401

6

Parent and ultimate parent undertaking

The ultimate controlling party is the director by virtue of his shareholding in the parent company Neo Group Holdings Limited.