NEVE SOLUTIONS LTD

Company Registration Number:
13262074 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

NEVE SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NEVE SOLUTIONS LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company's principal activity during the year continued to be of event catering activities and other food services.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

ADAM, Zayd


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 December 2024

And signed on behalf of the board by:
Name: ADAM, Zayd
Status: Director

NEVE SOLUTIONS LTD

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 2,146,782 1,275,874
Cost of sales: ( 1,603,705 ) ( 985,461 )
Gross profit(or loss): 543,077 290,413
Administrative expenses: ( 109,289 ) ( 56,385 )
Operating profit(or loss): 433,788 234,028
Interest payable and similar charges: ( 179 )
Profit(or loss) before tax: 433,609 234,028
Tax: ( 4,436 ) ( 158,683 )
Profit(or loss) for the financial year: 429,173 75,345

NEVE SOLUTIONS LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 38,330 38,330
Tangible assets: 4 660,122 675,766
Investments: 5 19,625 19,625
Total fixed assets: 718,077 733,721
Current assets
Stocks: 6 397,776 191,211
Debtors: 7 243,105 12,434
Cash at bank and in hand: 26,552 32,995
Investments: 8 18,762 18,762
Total current assets: 686,195 255,402
Creditors: amounts falling due within one year: 9 ( 28,203 ) ( 11,532 )
Net current assets (liabilities): 657,992 243,870
Total assets less current liabilities: 1,376,069 977,591
Creditors: amounts falling due after more than one year: 10 ( 23,955 )
Provision for liabilities: ( 6,740 )
Total net assets (liabilities): 1,376,069 946,896
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,376,068 946,895
Total Shareholders' funds: 1,376,069 946,896

The notes form part of these financial statements

NEVE SOLUTIONS LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 20 December 2024
and signed on behalf of the board by:

Name: ADAM, Zayd
Status: Director

The notes form part of these financial statements

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 25 9

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2023 38,330 38,330
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 38,330 38,330
Amortisation
At 1 April 2023 0 0
Charge for year
On disposals
Other adjustments
At 31 March 2024 0 0
Net book value
At 31 March 2024 38,330 38,330
At 31 March 2023 38,330 38,330

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 713,241 713,241
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 713,241 713,241
Depreciation
At 1 April 2023 37,475 37,475
Charge for year 15,644 15,644
On disposals
Other adjustments
At 31 March 2024 53,119 53,119
Net book value
At 31 March 2024 660,122 660,122
At 31 March 2023 675,766 675,766

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Fixed assets investments note

Ramps and machinery

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Stocks

2024 2023
£ £
Stocks 397,776 191,211
Total 397,776 191,211

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Debtors

2024 2023
£ £
Trade debtors 229,263 7,654
Other debtors 13,842 4,780
Total 243,105 12,434

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Current assets investments note

Ramps and machinery

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

9. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 17,381 8,972
Taxation and social security 6,586 1,650
Other creditors 4,236 910
Total 28,203 11,532

NEVE SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

10. Creditors: amounts falling due after more than one year note

  2023
  £
Bank loans and overdrafts 23,955
Total   23,955