1 April 2024 v2025.36.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP085294152024-04-012025-03-31085294152025-03-31085294152024-03-3108529415core:WithinOneYear2025-03-3108529415core:WithinOneYear2024-03-3108529415core:AfterOneYear2024-03-3108529415core:ShareCapital2025-03-3108529415core:ShareCapital2024-03-3108529415core:RetainedEarningsAccumulatedLosses2025-03-3108529415core:RetainedEarningsAccumulatedLosses2024-03-3108529415bus:Director12024-04-012025-03-3108529415bus:RegisteredOffice2024-04-012025-03-3108529415core:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-04-012025-03-3108529415core:PlantMachinery2024-04-012025-03-3108529415core:FurnitureFittings2024-04-012025-03-3108529415core:OfficeEquipment2024-04-012025-03-31085294152023-04-012024-03-31085294152024-04-010852941512024-04-012025-03-3108529415countries:EnglandWales2024-04-012025-03-3108529415bus:AuditExemptWithAccountantsReport2024-04-012025-03-3108529415bus:PrivateLimitedCompanyLtd2024-04-012025-03-3108529415bus:SmallEntities2024-04-012025-03-3108529415bus:AbridgedAccounts2024-04-012025-03-31
Company registration number:
08529415
Neroli Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2025
Neroli Limited
Report of the Accountant to the directors of Neroli Limited
Year ended
31 March 2025
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 March 2025
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Numbers Have Meaning Ltd
4 Cedar Close
Staines-upon-Thames
TW18 2TF
United Kingdom
Date:
30 June 2025
Neroli Limited
Abridged Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
95,451
 
105,700
 
Current assets    
Stocks
26,523
 
65,809
 
Debtors
280,986
 
230,102
 
Cash at bank and in hand
338,605
 
274,369
 
646,114
 
570,280
 
Creditors: amounts falling due within one year
(697,870
)
(625,730
)
Net current liabilities
(51,756
)
(55,450
)
Total assets less current liabilities 43,695   50,250  
Creditors: amounts falling due after more than one year -  
(54,907
)
Net assets/(liabilities)
43,695
 
(4,657
)
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
43,693
 
(4,659
)
Shareholders funds/(deficit)
43,695
 
(4,657
)
For the year ending
31 March 2025
, 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 abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 March 2025
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
30 June 2025
, and are signed on behalf of the board by:
Mr J Muscat
Director
Company registration number:
08529415
Neroli Limited
Notes to the Abridged Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
35 Middle Farm Place
,
Effingham
,
Leatherhead
,
Surrey
,
KT24 5LA
, United Kingdom.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Development costs
3 years straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
5 years straight line
Fixtures and fittings
6 years straight line
Office equipment
3 years straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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

4 Average number of employees

The average number of persons employed by the company during the year was
5
(2024:
5.00
).

5 Fixed assets

Intangible assetsTangible assetsTotal
£££
Cost      
At
1 April 2024
37,556
 
156,097
  193,653  
Additions -  
447
  447  
At
31 March 2025
37,556
 
156,544
  194,100  
Amortisation and depreciation      
At
1 April 2024
37,556
 
50,397
  87,953  
Charge -  
10,696
  10,696  
At
31 March 2025
37,556
 
61,093
  98,649  
Carrying amount      
At
31 March 2025
-  
95,451
 
95,451
 
At 31 March 2024 -  
105,700
 
105,700