REGISTERED NUMBER: 01095780 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 AUGUST 2024

FOR

MOSELEY NEON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Bullock

B Bullock

REGISTERED OFFICE:

7 Russell Street

Coventry

CV1 4GD

REGISTERED NUMBER:

01095780 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Tangible assets

4

43,163

45,534

CURRENT ASSETS

Debtors

5

48,747

49,523

Prepayments and accrued income

9,794

6,773

Cash at bank

211,465

133,788

270,006

190,084

CREDITORS

Amounts falling due within one year

6

242,903

199,734

NET CURRENT ASSETS/(LIABILITIES)

27,103

(9,650

)

TOTAL ASSETS LESS CURRENT LIABILITIES

70,266

35,884

CREDITORS

Amounts falling due after more than one year

7

(14,318

)

(32,388

)

ACCRUALS AND DEFERRED INCOME

(3,387

)

(2,400

)

NET ASSETS

52,561

1,096

CAPITAL AND RESERVES

Called up share capital

1,002

1,002

Retained earnings

51,559

94

52,561

1,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

I Bullock - Director

1.	STATUTORY INFORMATION

Moseley Neon 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

Straight line over 3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 29 August 2023

198,469

89,830

7,638

295,937

Additions

6,695

-

-

6,695

At 28 August 2024

205,164

89,830

7,638

302,632

DEPRECIATION

At 29 August 2023

157,563

86,820

6,020

250,403

Charge for year

6,889

753

1,424

9,066

At 28 August 2024

164,452

87,573

7,444

259,469

NET BOOK VALUE

At 28 August 2024

40,712

2,257

194

43,163

At 28 August 2023

40,906

3,010

1,618

45,534

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

44,750

49,523

Other debtors

3,997

-

48,747

49,523

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,774

4,865

Trade creditors

164,323

90,031

Taxation and social security

17,489

27,248

Other creditors

57,317

77,590

242,903

199,734

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,318

22,388

Other creditors

10,000

10,000

14,318

32,388

2024

2023

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bounce back loan

10,000

10,000