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REGISTERED NUMBER: 07780069 (England and Wales)












S.P. & M.L. Neal Consultancy Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025






S.P. & M.L. Neal Consultancy Limited (Registered number: 07780069)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


S.P. & M.L. Neal Consultancy Limited

Company Information
for the Year Ended 31st March 2025







DIRECTORS: Mrs M L Neal
S P Neal





REGISTERED OFFICE: Cornerstone
Tresowes Green
Ashton
Helston
Cornwall
TR13 9SY





REGISTERED NUMBER: 07780069 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

S.P. & M.L. Neal Consultancy Limited (Registered number: 07780069)

Statement of Financial Position
31st March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 629 786

CURRENT ASSETS
Debtors 5 26,370 44,106
Cash at bank 207 438
26,577 44,544
CREDITORS
Amounts falling due within one year 6 (26,409 ) (44,857 )
NET CURRENT ASSETS/(LIABILITIES) 168 (313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

797

473

PROVISIONS FOR LIABILITIES (135 ) (196 )
NET ASSETS 662 277

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 562 177
662 277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 18th June 2025 and were signed on its behalf by:



Mrs M L Neal - Director


S.P. & M.L. Neal Consultancy Limited (Registered number: 07780069)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

S.P. & M.L. Neal Consultancy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

S.P. & M.L. Neal Consultancy Limited (Registered number: 07780069)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2024
and 31st March 2025 2,400
DEPRECIATION
At 1st April 2024 1,614
Charge for year 157
At 31st March 2025 1,771
NET BOOK VALUE
At 31st March 2025 629
At 31st March 2024 786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Directors' current accounts 26,300 44,106
VAT 70 -
26,370 44,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 16,192 30,248
Social security and other taxes 152 -
VAT - 4,688
Other creditors 8,000 8,000
Accrued expenses 2,065 1,921
26,409 44,857

Other creditors includes £8,000 (2024: £8,000) owed to Barepta Cove Limited, a company which S P Neal is also a director of.

S.P. & M.L. Neal Consultancy Limited (Registered number: 07780069)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025 2024
£    £   
Mrs M L Neal
Balance outstanding at start of year 22,053 20,192
Amounts advanced 13,150 22,053
Amounts repaid (22,053 ) (20,192 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,150 22,053

S P Neal
Balance outstanding at start of year 22,053 20,192
Amounts advanced 13,150 22,053
Amounts repaid (22,053 ) (20,192 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,150 22,053

Interest has been charged on the above loan at the approved HMRC rates.