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REGISTERED NUMBER: 13446206 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

NEO WALK LTD

NEO WALK LTD (REGISTERED NUMBER: 13446206)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEO WALK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: Mrs L Watterson





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 13446206 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

NEO WALK LTD (REGISTERED NUMBER: 13446206)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,382 -
Tangible assets 5 31,629 12,613
56,011 12,613

CURRENT ASSETS
Stocks 51,340 43,598
Debtors 6 17,598 9,706
Cash at bank and in hand 58,603 29,690
127,541 82,994
CREDITORS
Amounts falling due within one year 7 85,617 92,310
NET CURRENT ASSETS/(LIABILITIES) 41,924 (9,316 )
TOTAL ASSETS LESS CURRENT LIABILITIES 97,935 3,297

CREDITORS
Amounts falling due after more than one year 8 (48,382 ) -

PROVISIONS FOR LIABILITIES (7,738 ) (2,659 )
NET ASSETS 41,815 638

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,715 538
SHAREHOLDERS' FUNDS 41,815 638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

NEO WALK LTD (REGISTERED NUMBER: 13446206)

BALANCE SHEET - continued
29TH FEBRUARY 2024


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 director and authorised for issue on 27th November 2024 and were signed by:





Mrs L Watterson - Director


NEO WALK LTD (REGISTERED NUMBER: 13446206)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Neo Walk 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.

Website development
Website development costs are initially measured at cost. After initial recognition, the website development costs are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The website portal is being amortised on a 20% straight line basis..

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2023 - 3 ) .

NEO WALK LTD (REGISTERED NUMBER: 13446206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

4. INTANGIBLE FIXED ASSETS
Website
Devel
costs
£   
COST
Additions 30,478
At 29th February 2024 30,478
AMORTISATION
Amortisation for year 6,096
At 29th February 2024 6,096
NET BOOK VALUE
At 29th February 2024 24,382

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st March 2023 - 11,668 868 4,752 17,288
Additions 17,282 4,877 2,864 839 25,862
At 29th February 2024 17,282 16,545 3,732 5,591 43,150
DEPRECIATION
At 1st March 2023 - 2,917 174 1,584 4,675
Charge for year 864 3,407 711 1,864 6,846
At 29th February 2024 864 6,324 885 3,448 11,521
NET BOOK VALUE
At 29th February 2024 16,418 10,221 2,847 2,143 31,629
At 28th February 2023 - 8,751 694 3,168 12,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,598 9,706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,000 -
Trade creditors 24,945 13,482
Taxation and social security 11,800 3,147
Other creditors 39,872 75,681
85,617 92,310

NEO WALK LTD (REGISTERED NUMBER: 13446206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 48,382 -

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £37,978 (2023 - £73,372) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.