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Registration number: 1742171

Neatafan Ltd
Annual Report and Unaudited Financial Statements
for the Period from 1 October 2024 to 31 March 2025

Neatafan Ltd

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 14

Neatafan Ltd

Company Information

Director | Mr Steven Groves

Company secretary | Britannia Accountancy & Tax Services Ltd

Registered office | 1633 Parkway Whiteley Fareham Hampshire PO15 7AH

Accountants | Britannia Accountancy & Tax Services Ltd 1633 Parkway Whiteley Fareham Hampshire PO15 7AH

Neatafan Ltd

Director's Report for the Period from 1 October 2024 to 31 March 2025

The director presents his report and the financial statements for the period from 1 October 2024 to 31 March 2025.

Director of the company

The director who held office during the period was as follows:

Mr Steven Groves

Principal activity

The principal activity of the company is manufacture of heating products

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 by the director on 11 September 2025 and signed on its behalf by:

......................................... Mr Steven Groves Director |  |

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Neatafan Ltd
for the Period Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Neatafan Ltd for the period ended 31 March 2025 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Neatafan Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Neatafan Ltd and state those matters that we have agreed to state to the Board of Directors of Neatafan Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neatafan Ltd and its Board of Directors as a body for our work or for this report. To the best of our knowledge at the time of preparation; all information contained in this report is accurate, based upon the information and representations made to us by Neatafan Ltd

It is your duty to ensure that Neatafan Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Neatafan Ltd. You consider that Neatafan Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Neatafan Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Britannia Accountancy & Tax Services Ltd
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

11 September 2025

Neatafan Ltd

Profit and Loss Account for the Period from 1 October 2024 to 31 March 2025

| Note | 2025 £ | 2024 £
Turnover |  | 373,293 | 1,117,251
Cost of sales |  | (101,708) | (386,178)
Gross profit |  | 271,585 | 731,073
Distribution costs |  | (214) | (785)
Administrative expenses |  | (297,474) | (637,506)
Other operating income |  | 78,000 | -
Operating profit |  | 51,897 | 92,782
Profit before tax | 4 | 51,897 | 92,782
Tax on profit |  | 2,264 | -
Profit for the financial period |  | 54,161 | 92,782

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

Neatafan Ltd

Statement of Comprehensive Income for the Period from 1 October 2024 to 31 March 2025

| 2025 £ | 2024 £
Profit for the period | 54,161 | 92,782
Total comprehensive income for the period | 54,161 | 92,782

Neatafan Ltd

(Registration number: 1742171)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 245,000 | 280,000
Tangible assets | 6 | 71,355 | 86,798
|  | 316,355 | 366,798
Current assets |  |  |
Stocks | 7 | 118,286 | 118,286
Debtors | 8 | (141,150) | 472,052
Cash at bank and in hand |  | 65,470 | 54,066
|  | 42,606 | 644,404
Creditors: Amounts falling due within one year | 9 | (304,084) | (319,487)
Net current (liabilities)/assets |  | (261,478) | 324,917
Net assets |  | 54,877 | 691,715
Capital and reserves |  |  |
Called up share capital | 10 | 500 | 500
Retained earnings |  | 54,377 | 691,215
Shareholders' funds |  | 54,877 | 691,715

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his 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 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 director on 11 September 2025

......................................... Mr Steven Groves Director |  |

Neatafan Ltd

Statement of Changes in Equity for the Period from 1 October 2024 to 31 March 2025

| Share capital £ | Retained earnings £ | Total £
At 1 October 2024 | 500 | 691,216 | 691,716
Profit for the period | - | 54,161 | 54,161
Dividends | - | (691,000) | (691,000)
At 31 March 2025 | 500 | 54,377 | 54,877

| Share capital £ | Retained earnings £ | Total £
At 1 October 2023 | 500 | 613,433 | 613,933
Profit for the period | - | 92,782 | 92,782
Dividends | - | (15,000) | (15,000)
At 30 September 2024 | 500 | 691,215 | 691,715

Neatafan Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

1 | General information

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

The address of its registered office is:
1633 Parkway
Whiteley
Fareham
Hampshire
PO15 7AH

These financial statements were authorised for issue by the director on 11 September 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

Neatafan Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet 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
Plant and machinery | 18% on net book value
Vehicles | 18% on net book value
Office equipment | 18% on net book value
Furniture and fittings | 18% on net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Neatafan Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Neatafan Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 15 (2024 - 15).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 15,443 | 10,850
Amortisation expense | 35,000 | 35,000

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | 350,000 | 350,000
At 31 March 2025 | 350,000 | 350,000
Amortisation
At 1 October 2024 | 70,000 | 70,000
Amortisation charge | 35,000 | 35,000
At 31 March 2025 | 105,000 | 105,000
Carrying amount
At 31 March 2025 | 245,000 | 245,000
At 30 September 2024 | 280,000 | 280,000

The aggregate amount of research and development expenditure recognised as an expense during the period is £- (2024 - £68).

Neatafan Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

6 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 October 2024 | 74,464 | 35,935 | 249,066 | 359,465
At 31 March 2025 | 74,464 | 35,935 | 249,066 | 359,465
Depreciation
At 1 October 2024 | 69,190 | 26,154 | 177,323 | 272,667
Charge for the period | 950 | 1,580 | 12,913 | 15,443
At 31 March 2025 | 70,140 | 27,734 | 190,236 | 288,110
Carrying amount
At 31 March 2025 | 4,324 | 8,201 | 58,830 | 71,355
At 30 September 2024 | 5,274 | 9,781 | 71,743 | 86,798

7 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 118,286 | 118,286

8 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 136,751 | 136,954
Prepayments | 9,936 | 9,935
Other debtors | (287,837) | 325,163
| (141,150) | 472,052

9 | Creditors

Creditors: amounts falling due within one year

Neatafan Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | 220,379 | 217,034
Trade creditors |  | 51,764 | 63,307
Taxation and social security |  | 21,832 | 28,634
Accruals and deferred income |  | 10,384 | 10,384
Other creditors |  | (275) | 128
|  | 304,084 | 319,487

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 500 | 500 | 500 | 500

11 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 220,379 | 217,034

12 | Dividends

Interim dividends paid

| 2025 £ | 2024 £
Interim dividend of £1,382 (2024 - £0) per each Ordinary share | 691,000 | -

13 | Related party transactions

Neatafan Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

Director's remuneration

The director's remuneration for the period was as follows:

| 2025 £ | 2024 £
Remuneration | - | 70,877
Contributions paid to money purchase schemes | - | 22,000
| - | 92,877