Company Registration No. 08297047 (England and Wales)
Neocol Group Limited
Unaudited accounts
for the year ended 30 December 2024
Neocol Group Limited
Unaudited accounts
Contents
Neocol Group Limited
Company Information
for the year ended 30 December 2024
Company Number
08297047 (England and Wales)
Registered Office
First Floor
129 High Street
Guildford
Surrey
GU1 3AA
United Kingdom
Neocol Group Limited
Statement of financial position
as at 30 December 2024
Creditors: amounts falling due within one year
(223,611)
(202,700)
Net current (liabilities)/assets
(3,171)
13,411
Called up share capital
100
100
Profit and loss account
(58)
16,524
Shareholders' funds
42
16,624
For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2025 and were signed on its behalf by
R Lott
Director
Company Registration No. 08297047
Neocol Group Limited
Notes to the Accounts
for the year ended 30 December 2024
Neocol Group Limited is a private company, limited by shares, registered in England and Wales, registration number 08297047. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
The company is reliant upon the continued financial support of its subsidiaries, Neocol UK Limited, Neocol Inc, and the director. The director has taken steps to protect both companies and their cash flows. The director believes that these actions should enable the company to continue in operational existence and therefore, it is the directors opinion that the going concern basis of preparation continues to be appropriate.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover for the year relates entirely to management fees for services provided by Neocol Group Limited to it's subsidiaries.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. it also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements:
Determine whether there are indicators of impairment of the company's investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Neocol Group Limited
Notes to the Accounts
for the year ended 30 December 2024
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Investments
Subsidiary undertakings
Valuation at 31 December 2023
3,213
Valuation at 30 December 2024
3,213
Amounts falling due within one year
Amounts due from group undertakings etc.
50,400
50,400
Other debtors
170,040
165,711
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
219,735
198,824
Taxes and social security
3,876
3,876
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).