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Registration number: 12453350

Neutral Energy Solutions Ltd
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Neutral Energy Solutions Ltd

Contents

Directors' Report | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Neutral Energy Solutions Ltd

Directors' Report for the Year Ended 28 February 2025

The directors present their report and the financial statements for the year ended 28 February 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr R P Clark

Mr D G Fifield (appointed 4 April 2024)

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 October 2025 and signed on its behalf by:

Mr D G Fifield Director

Neutral Energy Solutions Ltd

(Registration number: 12453350)
Statement of Financial Position as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 22,216 | 41,210
Current assets |  |  |
Stocks |  | - | 41,394
Debtors | 5 | 59,387 | 64,500
Cash at bank and in hand |  | 43,495 | 23,286
|  | 102,882 | 129,180
Creditors: Amounts falling due within one year | 6 | (61,012) | (105,516)
Net current assets |  | 41,870 | 23,664
Total assets less current liabilities |  | 64,086 | 64,874
Provisions for liabilities |  | (5,554) | (8,326)
Net assets |  | 58,532 | 56,548
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 58,432 | 56,448
Shareholders' funds |  | 58,532 | 56,548

Neutral Energy Solutions Ltd

(Registration number: 12453350)
Statement of Financial Position as at 28 February 2025 (continued)

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income and Directors' Report.

Approved and authorised by the Board on 6 October 2025 and signed on its behalf by:

Mr D G Fifield Director

Neutral Energy Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Queens Road
Exeter
Devon
EX2 9ER

Principal activity

The principal activity of the company is other construction installation.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Neutral Energy Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% straight line
Furniture and fixtures | 20% 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

Neutral Energy Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 6).

Neutral Energy Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4 | Tangible assets

| Furniture and fixtures £ | Motor vehicles £ | Total £
Cost or valuation
At 1 March 2024 | 7,907 | 57,230 | 65,137
Disposals | - | (8,350) | (8,350)
At 28 February 2025 | 7,907 | 48,880 | 56,787
Depreciation
At 1 March 2024 | 1,581 | 22,346 | 23,927
Charge for the year | 1,903 | 12,220 | 14,123
Eliminated on disposal | - | (3,479) | (3,479)
At 28 February 2025 | 3,484 | 31,087 | 34,571
Carrying amount
At 28 February 2025 | 4,423 | 17,793 | 22,216
At 29 February 2024 | 6,326 | 34,884 | 41,210

5 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 30,063 | 23,856
Other debtors |  | 29,324 | 30,491
Prepayments |  | - | 6,213
Income tax asset |  | - | 3,940
|  | 59,387 | 64,500

Neutral Energy Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | - | 39,000
Trade creditors |  | 33,079 | 51,290
Taxation and social security |  | 7,368 | 2,304
Accruals and deferred income |  | 850 | 895
Other creditors |  | 19,715 | 12,027
|  | 61,012 | 105,516

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

8 | Related party transactions

Transactions with directors

2024 | At 1 March 2023 £ | Repayments by director £ | At 29 February 2024 £
| 4,457 | (4,457) | -