2023-02-282024-02-272024-02-27false12489095NEO SPACE (ABERDEEN) LIMITED2024-11-2768209iso4217:GBPxbrli:pure124890952023-02-28124890952024-02-27124890952023-02-282024-02-27124890952022-02-28124890952023-02-27124890952022-02-282023-02-2712489095bus:SmallEntities2023-02-282024-02-2712489095bus:AuditExempt-NoAccountantsReport2023-02-282024-02-2712489095bus:AbridgedAccounts2023-02-282024-02-2712489095bus:PrivateLimitedCompanyLtd2023-02-282024-02-2712489095core:WithinOneYear2024-02-2712489095core:AfterOneYear2024-02-2712489095core:WithinOneYear2023-02-2712489095core:AfterOneYear2023-02-2712489095core:ShareCapital2024-02-2712489095core:SharePremium2024-02-2712489095core:RevaluationReserve2024-02-2712489095core:OtherReservesSubtotal2024-02-2712489095core:RetainedEarningsAccumulatedLosses2024-02-2712489095core:ShareCapital2023-02-2712489095core:SharePremium2023-02-2712489095core:RevaluationReserve2023-02-2712489095core:OtherReservesSubtotal2023-02-2712489095core:RetainedEarningsAccumulatedLosses2023-02-2712489095core:LandBuildings2024-02-2712489095core:PlantMachinery2024-02-2712489095core:Vehicles2024-02-2712489095core:FurnitureFittings2024-02-2712489095core:OfficeEquipment2024-02-2712489095core:NetGoodwill2024-02-2712489095core:IntangibleAssetsOtherThanGoodwill2024-02-2712489095core:ListedExchangeTraded2024-02-2712489095core:UnlistedNon-exchangeTraded2024-02-2712489095core:LandBuildings2023-02-2712489095core:PlantMachinery2023-02-2712489095core:Vehicles2023-02-2712489095core:FurnitureFittings2023-02-2712489095core:OfficeEquipment2023-02-2712489095core:NetGoodwill2023-02-2712489095core:IntangibleAssetsOtherThanGoodwill2023-02-2712489095core:ListedExchangeTraded2023-02-2712489095core:UnlistedNon-exchangeTraded2023-02-2712489095core:LandBuildings2023-02-282024-02-2712489095core:PlantMachinery2023-02-282024-02-2712489095core:Vehicles2023-02-282024-02-2712489095core:FurnitureFittings2023-02-282024-02-2712489095core:OfficeEquipment2023-02-282024-02-2712489095core:NetGoodwill2023-02-282024-02-2712489095core:IntangibleAssetsOtherThanGoodwill2023-02-282024-02-2712489095core:ListedExchangeTraded2023-02-282024-02-2712489095core:UnlistedNon-exchangeTraded2023-02-282024-02-2712489095core:MoreThanFiveYears2023-02-282024-02-2712489095core:Non-currentFinancialInstruments2024-02-2712489095core:Non-currentFinancialInstruments2023-02-2712489095dpl:CostSales2023-02-282024-02-2712489095dpl:DistributionCosts2023-02-282024-02-2712489095core:LandBuildings2023-02-282024-02-2712489095core:PlantMachinery2023-02-282024-02-2712489095core:Vehicles2023-02-282024-02-2712489095core:FurnitureFittings2023-02-282024-02-2712489095core:OfficeEquipment2023-02-282024-02-2712489095dpl:AdministrativeExpenses2023-02-282024-02-2712489095core:NetGoodwill2023-02-282024-02-2712489095core:IntangibleAssetsOtherThanGoodwill2023-02-282024-02-2712489095dpl:GroupUndertakings2023-02-282024-02-2712489095dpl:ParticipatingInterests2023-02-282024-02-2712489095dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-282024-02-2712489095core:ListedExchangeTraded2023-02-282024-02-2712489095dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-282024-02-2712489095core:UnlistedNon-exchangeTraded2023-02-282024-02-2712489095dpl:CostSales2022-02-282023-02-2712489095dpl:DistributionCosts2022-02-282023-02-2712489095core:LandBuildings2022-02-282023-02-2712489095core:PlantMachinery2022-02-282023-02-2712489095core:Vehicles2022-02-282023-02-2712489095core:FurnitureFittings2022-02-282023-02-2712489095core:OfficeEquipment2022-02-282023-02-2712489095dpl:AdministrativeExpenses2022-02-282023-02-2712489095core:NetGoodwill2022-02-282023-02-2712489095core:IntangibleAssetsOtherThanGoodwill2022-02-282023-02-2712489095dpl:GroupUndertakings2022-02-282023-02-2712489095dpl:ParticipatingInterests2022-02-282023-02-2712489095dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-282023-02-2712489095core:ListedExchangeTraded2022-02-282023-02-2712489095dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-282023-02-2712489095core:UnlistedNon-exchangeTraded2022-02-282023-02-2712489095core:NetGoodwill2024-02-2712489095core:IntangibleAssetsOtherThanGoodwill2024-02-2712489095core:LandBuildings2024-02-2712489095core:PlantMachinery2024-02-2712489095core:Vehicles2024-02-2712489095core:FurnitureFittings2024-02-2712489095core:OfficeEquipment2024-02-2712489095core:AfterOneYear2024-02-2712489095core:WithinOneYear2024-02-2712489095core:ListedExchangeTraded2024-02-2712489095core:UnlistedNon-exchangeTraded2024-02-2712489095core:ShareCapital2024-02-2712489095core:SharePremium2024-02-2712489095core:RevaluationReserve2024-02-2712489095core:OtherReservesSubtotal2024-02-2712489095core:RetainedEarningsAccumulatedLosses2024-02-2712489095core:NetGoodwill2023-02-2712489095core:IntangibleAssetsOtherThanGoodwill2023-02-2712489095core:LandBuildings2023-02-2712489095core:PlantMachinery2023-02-2712489095core:Vehicles2023-02-2712489095core:FurnitureFittings2023-02-2712489095core:OfficeEquipment2023-02-2712489095core:AfterOneYear2023-02-2712489095core:WithinOneYear2023-02-2712489095core:ListedExchangeTraded2023-02-2712489095core:UnlistedNon-exchangeTraded2023-02-2712489095core:ShareCapital2023-02-2712489095core:SharePremium2023-02-2712489095core:RevaluationReserve2023-02-2712489095core:OtherReservesSubtotal2023-02-2712489095core:RetainedEarningsAccumulatedLosses2023-02-2712489095core:NetGoodwill2022-02-2812489095core:IntangibleAssetsOtherThanGoodwill2022-02-2812489095core:LandBuildings2022-02-2812489095core:PlantMachinery2022-02-2812489095core:Vehicles2022-02-2812489095core:FurnitureFittings2022-02-2812489095core:OfficeEquipment2022-02-2812489095core:AfterOneYear2022-02-2812489095core:WithinOneYear2022-02-2812489095core:ListedExchangeTraded2022-02-2812489095core:UnlistedNon-exchangeTraded2022-02-2812489095core:ShareCapital2022-02-2812489095core:SharePremium2022-02-2812489095core:RevaluationReserve2022-02-2812489095core:OtherReservesSubtotal2022-02-2812489095core:RetainedEarningsAccumulatedLosses2022-02-2812489095core:AfterOneYear2023-02-282024-02-2712489095core:WithinOneYear2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:CostValuation2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-282024-02-2712489095core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2712489095core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2712489095core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2712489095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2712489095core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2712489095core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2712489095core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2712489095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2712489095core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2712489095core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2712489095core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2712489095core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2712489095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2712489095core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2712489095core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2712489095core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2712489095core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2712489095core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2712489095bus:Director12023-02-282024-02-27

NEO SPACE (ABERDEEN) LIMITED

Registered Number
12489095
(England and Wales)

Unaudited Financial Statements for the Year ended
27 February 2024

NEO SPACE (ABERDEEN) LIMITED
Company Information
for the year from 28 February 2023 to 27 February 2024

Director

PATON, Scott

Registered Address

1st Floor Blackfriars House
Parsonage
Manchester
M3 2JA

Registered Number

12489095 (England and Wales)
NEO SPACE (ABERDEEN) LIMITED
Balance Sheet as at
27 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets82,823307,291
82,823307,291
Current assets
Stocks1,0843,327
Debtors646,043477,816
Cash at bank and on hand201,36513,769
848,492494,912
Creditors amounts falling due within one year(2,315,058)(1,882,479)
Net current assets (liabilities)(1,466,566)(1,387,567)
Total assets less current liabilities(1,383,743)(1,080,276)
Creditors amounts falling due after one year(968,679)(876,656)
Net assets(2,352,422)(1,956,932)
Capital and reserves
Profit and loss account(2,352,422)(1,956,932)
Shareholders' funds(2,352,422)(1,956,932)
The financial statements were approved and authorised for issue by the Director on 27 November 2024, and are signed on its behalf by:
PATON, Scott
Director
Registered Company No. 12489095
NEO SPACE (ABERDEEN) LIMITED
Notes to the Financial Statements
for the year ended 27 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 (as applied to small entities by section 1A of the standard).
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year1210