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REGISTERED NUMBER: 12217527 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

S B Neal Limited

S B Neal Limited (Registered number: 12217527)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S B Neal Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S B Neal





REGISTERED OFFICE: 26 C/D Wellowgate
Grimsby
North East Lincs
DN32 0RA





REGISTERED NUMBER: 12217527 (England and Wales)






S B Neal Limited (Registered number: 12217527)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,196 6,375
Tangible assets 5 39,479 61,842
50,675 68,217

CURRENT ASSETS
Stocks 11,804 11,804
Debtors 6 17,068 5,404
Cash at bank 44,620 134,203
73,492 151,411
CREDITORS
Amounts falling due within one year 7 77,847 103,931
NET CURRENT (LIABILITIES)/ASSETS (4,355 ) 47,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,320

115,697

CREDITORS
Amounts falling due after more than one
year

8

(10,748

)

(16,667

)

PROVISIONS FOR LIABILITIES (9,870 ) (11,750 )
NET ASSETS 25,702 87,280

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,602 87,180
25,702 87,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S B Neal Limited (Registered number: 12217527)

Balance Sheet - continued
30 September 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 4 February 2025 and were signed by:





S B Neal - Director


S B Neal Limited (Registered number: 12217527)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

S B Neal Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stock is valued on a first in first out basis.

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.

S B Neal Limited (Registered number: 12217527)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 6,880
Additions 5,200
At 30 September 2024 12,080
AMORTISATION
At 1 October 2023 505
Charge for year 379
At 30 September 2024 884
NET BOOK VALUE
At 30 September 2024 11,196
At 30 September 2023 6,375

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 91,422
Additions 434
At 30 September 2024 91,856
DEPRECIATION
At 1 October 2023 29,580
Charge for year 22,797
At 30 September 2024 52,377
NET BOOK VALUE
At 30 September 2024 39,479
At 30 September 2023 61,842

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 14,293 533
Other debtors 2,775 4,871
17,068 5,404

S B Neal Limited (Registered number: 12217527)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 19,167 28,831
Taxation and social security 4,296 4,082
Other creditors 54,384 71,018
77,847 103,931

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 10,748 16,667