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Registered Number: 07816319
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 October 2024

for

NEON BUILDING SERVICES LTD.

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 72,118    48,518 
72,118    48,518 
Current assets      
Stocks 5 1,000    1,000 
Debtors 6 151,599    78,483 
Cash at bank and in hand 46,088    148,377 
198,687    227,860 
Creditors: amount falling due within one year (114,325)   (89,499)
Net current assets 84,362    138,361 
 
Total assets less current liabilities 156,480    186,879 
Creditors: amount falling due after more than one year (26,903)  
Provisions for liabilities 7 504    (411)
Net assets 130,081    186,468 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 129,981    186,368 
Shareholders' funds 130,081    186,468 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 May 2025 and were signed on its behalf by:


-------------------------------
Matthew Gooch
Director
1
General Information
Neon Building Services Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07816319, registration address 80 Tyn-Y-Parc Road, Cardiff, Cardiff, CF14 6BQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
  1. The amount of revenue can be reliably measured;
  2. it is probable that future economic benefits will flow to the entity;
  3. and specific criteria have been met for each of the company's activities.
Operating lease rentals
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.

The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25%
Assets on finance lease and hire purchase
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Financial Commitments, Guarantees and Contingencies

Included in the balance sheet are financial commitments of £29,578 (2023 - £13,008). Security on finance leases has been given over the related financed assets.

4.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 01 November 2023 24,213    69,564    93,777 
Additions (875)   54,231    53,356 
Disposals   (29,903)   (29,903)
At 31 October 2024 23,338    93,892    117,230 
Depreciation
At 01 November 2023 484    44,775    45,259 
Charge for year 467    11,708    12,175 
On disposals   (12,322)   (12,322)
At 31 October 2024 951    44,161    45,112 
Net book values
Closing balance as at 31 October 2024 22,387    49,731    72,118 
Opening balance as at 01 November 2023 23,729    24,789    48,518 

The net book value of Motor Vehicles includes £ 36,029 (2023 £17,581) in respect of assets leased under finance leases or hire purchase contracts.

5.

Stocks

2024
£
  2023
£
Stocks 1,000    1,000 
1,000    1,000 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 135,516    72,754 
Other Debtors 16,083    5,729 
151,599    78,483 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 411    887 
Charged to Profit & Loss (915)   (476)
(504)   411 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

9.

Debtors

Debtors include £nil (2022     £nil) due after more than one year.
10.

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,675 (2023 £13,008). The finance leases are secured on the assets concerned.
11.

Creditors: amounts falling due after more than one year

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £26,903 (2023 £nil). The finance leases are secured on the assets concerned.
2