David Neale Associates Limited 09659239 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of agricultural consultants. Digita Accounts Production Advanced 6.30.9574.0 true 09659239 2023-07-01 2024-06-30 09659239 2024-06-30 09659239 core:RetainedEarningsAccumulatedLosses 2024-06-30 09659239 core:ShareCapital 2024-06-30 09659239 core:CurrentFinancialInstruments 2024-06-30 09659239 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 09659239 core:OfficeEquipment 2024-06-30 09659239 bus:SmallEntities 2023-07-01 2024-06-30 09659239 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09659239 bus:FilletedAccounts 2023-07-01 2024-06-30 09659239 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09659239 bus:RegisteredOffice 2023-07-01 2024-06-30 09659239 bus:Director1 2023-07-01 2024-06-30 09659239 bus:Director2 2023-07-01 2024-06-30 09659239 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09659239 core:OfficeEquipment 2023-07-01 2024-06-30 09659239 countries:EnglandWales 2023-07-01 2024-06-30 09659239 2023-06-30 09659239 core:OfficeEquipment 2023-06-30 09659239 2022-07-01 2023-06-30 09659239 2023-06-30 09659239 core:RetainedEarningsAccumulatedLosses 2023-06-30 09659239 core:ShareCapital 2023-06-30 09659239 core:CurrentFinancialInstruments 2023-06-30 09659239 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09659239 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 09659239

David Neale Associates Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

David Neale Associates Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

David Neale Associates Limited

(Registration number: 09659239)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

290

257

Current assets

 

Debtors

5

3,721

7,127

Cash at bank and in hand

 

1,174

3,747

 

4,895

10,874

Creditors: Amounts falling due within one year

6

(4,771)

(10,418)

Net current assets

 

124

456

Total assets less current liabilities

 

414

713

Provisions for liabilities

(55)

(49)

Net assets

 

359

664

Capital and reserves

 

Called up share capital

130

130

Retained earnings

229

534

Shareholders' funds

 

359

664

 

David Neale Associates Limited

(Registration number: 09659239)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 January 2025 and signed on its behalf by:
 

.........................................
Mr A D Neale
Director

.........................................
Mrs S M Neale
Director

 

David Neale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Dorcan Business Village
Murdock Road, Dorcan
Swindon
Wiltshire
SN3 5HY

The principal place of business is:
Foremans Cottage
Downs Farm
Westwell
Burford
Oxon
OX18 4JY
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

Contract revenue recognition

Revenue from contracts for the provision of professional services is recognised by reference to the value of work undertaken during the accounting period.

Tax

The tax expense for the period comprises current tax payable and deferred taxation.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

 

David Neale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

David Neale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

2,027

2,027

Additions

281

281

At 30 June 2024

2,308

2,308

Depreciation

At 1 July 2023

1,770

1,770

Charge for the year

248

248

At 30 June 2024

2,018

2,018

Carrying amount

At 30 June 2024

290

290

At 30 June 2023

257

257

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,996

7,127

Other debtors

725

-

 

3,721

7,127

 

David Neale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,176

3,636

Other creditors

1,595

6,782

4,771

10,418