| Neo Software Solutions Limited |
| Registered number: |
10754097 |
| Balance Sheet |
| as at 30 September 2024 |
|
|
|
Notes |
|
|
2024 |
|
|
2023 |
|
|
|
|
£ |
|
|
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,798 |
|
|
3,841 |
|
| Current assets |
| Debtors |
4 |
|
86,070 |
|
|
49,003 |
|
| Creditors: amounts falling due within one year |
5 |
|
(88,973) |
|
|
(51,926) |
|
| Net current liabilities |
|
|
|
(2,903) |
|
|
(2,923) |
|
| Total assets less current liabilities |
|
|
|
895 |
|
|
918 |
|
| Provisions for liabilities |
|
|
|
(722) |
|
|
(730) |
|
| Net assets |
|
|
|
173 |
|
|
188 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
73 |
|
|
88 |
|
| Shareholders' funds |
|
|
|
173 |
|
|
188 |
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mxolisi Spencer Mabanga |
| Director |
| Approved by the board on 25 September 2025 |
|
| Neo Software Solutions Limited |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 4 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
|
|
|
|
|
|
Number |
|
Number |
|
|
Average number of persons employed by the company |
2 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
|
|
|
|
|
|
|
|
£ |
|
Cost |
|
At 1 October 2023 |
16,832 |
|
Additions |
3,690 |
|
At 30 September 2024 |
20,522 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
12,991 |
|
Charge for the year |
3,733 |
|
At 30 September 2024 |
16,724 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
3,798 |
|
At 30 September 2023 |
3,841 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade debtors |
17,280 |
|
- |
|
Other debtors |
68,790 |
|
49,003 |
|
|
|
|
|
|
86,070 |
|
49,003 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
17,358 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Bank loans and overdrafts |
13,571 |
|
7,144 |
|
Trade creditors |
- |
|
152 |
|
Taxation and social security costs |
72,952 |
|
43,194 |
|
Other creditors |
2,450 |
|
1,436 |
|
|
|
|
|
|
88,973 |
|
51,926 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
|
Paid |
|
Repaid |
|
C/fwd |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Mxolisi Spencer Mabanga |
|
Director's loan 6 |
49,000 |
|
- |
|
(49,000) |
|
- |
|
Director's loan 7 |
- |
|
51,432 |
|
- |
|
51,432 |
|
|
|
49,000 |
|
51,432 |
|
(49,000) |
|
51,432 |
|
|
|
|
|
|
|
|
|
|
The above loans are unsecured and repayable on demand. Interest is charged at 2.25% per annum. |
|
|
| 7 |
Other information |
|
|
Neo Software Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
40 Smeaton Close |
|
Blakelands |
|
Milton Keynes |
|
MK14 5HR |