Registered number
11089492
Neatline Construction Limited
Filleted Accounts
31 May 2024
Neatline Construction Limited
Registered number: 11089492
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,850 6,870
Current assets
Debtors 4 17,440 10,321
Cash at bank and in hand 6,151 277
23,591 10,598
Creditors: amounts falling due within one year 5 (16,123) (5,006)
Net current assets 7,468 5,592
Total assets less current liabilities 14,318 12,462
Creditors: amounts falling due after more than one year 6 (3,243) (4,774)
Net assets 11,075 7,688
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,975 7,588
Shareholder's funds 11,075 7,688
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K McCamley
Director
Approved by the board on 11 November 2024
Neatline Construction Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 - 8,995 8,995
Additions 2,345 - 2,345
At 31 May 2024 2,345 8,995 11,340
Depreciation
At 1 June 2023 - 2,125 2,125
Charge for the year 645 1,720 2,365
At 31 May 2024 645 3,845 4,490
Net book value
At 31 May 2024 1,700 5,150 6,850
At 31 May 2023 - 6,870 6,870
4 Debtors 2024 2023
£ £
Trade debtors 1,101 3,140
Other debtors 16,339 7,181
17,440 10,321
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,549 1,549
Other taxes and social security costs 7,900 1,100
Other creditors 6,674 2,357
16,123 5,006
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,243 4,774
7 Other information
Neatline Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
6A Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
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