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REGISTERED NUMBER: 05609340 (England and Wales)











Neville Developments Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Neville Developments Limited (Registered number: 05609340)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Neville Developments Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: W G Harvey
Mrs L M Harvey





SECRETARY: Mrs L M Harvey





REGISTERED OFFICE: Suite 125
8 Shoplatch
Shrewsbury
Shropshire
SY1 1HF





REGISTERED NUMBER: 05609340 (England and Wales)





ACCOUNTANTS: TC Group
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Neville Developments Limited (Registered number: 05609340)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 166,704 2,005

CURRENT ASSETS
Stocks 230,000 204,400
Debtors 5 6,748 8,435
Cash at bank and in hand 18,140 228,919
254,888 441,754
CREDITORS
Amounts falling due within one year 6 5,579 28,664
NET CURRENT ASSETS 249,309 413,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,013

415,095

PROVISIONS FOR LIABILITIES 289 346
NET ASSETS 415,724 414,749

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 414,724 413,749
SHAREHOLDERS' FUNDS 415,724 414,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 May 2025 and were signed on its behalf by:




W G Harvey - Director


Neville Developments Limited (Registered number: 05609340)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Neville Developments 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 machinery15% reducing balance
Motor vehicles25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Neville Developments Limited (Registered number: 05609340)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 - 8,899 8,899
Additions 165,000 - 165,000
At 31 May 2024 165,000 8,899 173,899
DEPRECIATION
At 1 June 2023 - 6,894 6,894
Charge for year - 301 301
At 31 May 2024 - 7,195 7,195
NET BOOK VALUE
At 31 May 2024 165,000 1,704 166,704
At 31 May 2023 - 2,005 2,005

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,456 8,084
Other debtors 1,292 351
6,748 8,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,010 20,308
Taxation and social security 749 2,131
Other creditors 2,820 6,225
5,579 28,664

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000