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REGISTERED NUMBER: 05747188 (England and Wales)


















NEOGRID LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






NEOGRID LIMITED (REGISTERED NUMBER: 05747188)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


NEOGRID LIMITED (REGISTERED NUMBER: 05747188)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,282 7,582
Investment property 5 230,000 230,000
236,282 237,582

CURRENT ASSETS
Stocks 59,100 19,100
Debtors 6 137,512 209,115
Cash at bank 1,174 10,344
197,786 238,559
CREDITORS
Amounts falling due within one year 7 120,162 137,899
NET CURRENT ASSETS 77,624 100,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,906

338,242

CREDITORS
Amounts falling due after more than one
year

8

(219,634

)

(238,610

)

PROVISIONS FOR LIABILITIES (12,136 ) (12,461 )
NET ASSETS 82,136 87,171

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 47,086 47,086
Retained earnings 10 34,050 39,085
SHAREHOLDERS' FUNDS 82,136 87,171

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

NEOGRID LIMITED (REGISTERED NUMBER: 05747188)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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 11 July 2025 and were signed on its behalf by:





S Picha - Director


NEOGRID LIMITED (REGISTERED NUMBER: 05747188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Neogrid Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05747188 and registered office address is 77 Marlow Road, High Wycombe, Buckinghamshire, England, HP11 1TQ

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
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced
for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods
and services is recognised when goods are delivered, and legal title has passed.

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% reducing balance

Computer equipment 33% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods
include labour and attributable overheads.

Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.


NEOGRID LIMITED (REGISTERED NUMBER: 05747188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 54,056
DEPRECIATION
At 1 September 2023 46,474
Charge for year 1,300
At 31 August 2024 47,774
NET BOOK VALUE
At 31 August 2024 6,282
At 31 August 2023 7,582

NEOGRID LIMITED (REGISTERED NUMBER: 05747188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 230,000
NET BOOK VALUE
At 31 August 2024 230,000
At 31 August 2023 230,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,500 26,209
Other debtors 112,012 182,906
137,512 209,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,631 1,975
Taxation and social security 17,029 26,555
Other creditors 88,502 109,369
120,162 137,899

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 156,825 159,624
Other creditors 62,809 78,986
219,634 238,610

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 156,825 156,825

9. CALLED UP SHARE CAPITAL

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

NEOGRID LIMITED (REGISTERED NUMBER: 05747188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 39,085 47,086 86,171
Profit for the year 9,965 9,965
Dividends (15,000 ) (15,000 )
At 31 August 2024 34,050 47,086 81,136

11. OTHER FINANCIAL COMMITMENTS

The loan is secured by a fixed and floating charge over the assets of the company.