Neos Protect Limited - Filleted accounts

Registered number

07670742

Neos Protect Limited

Filleted Accounts

31 May 2025

Neos Protect Limited
Registered number:		07670742
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		230,872			279,226

Current assets
Stocks		926,956			1,099,869
Debtors	4	1,190,653			914,907
Cash at bank and in hand		1,432,146			1,014,622
		3,549,755			3,029,398

Creditors: amounts falling due within one year	5	(1,273,702)			(1,604,402)

Net current assets			2,276,053			1,424,996

Total assets less current liabilities			2,506,925			1,704,222

Creditors: amounts falling due after more than one year	6		(108,322)			(135,480)

Provisions for liabilities			(33,039)			(45,335)


Net assets			2,365,564			1,523,407

Capital and reserves
Called up share capital			60,104			60,104
Profit and loss account			2,305,460			1,463,303

Shareholders' funds			2,365,564			1,523,407

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.




P Sampson
Director
Approved by the board on 11 November 2025

Neos Protect Limited
Notes to the Accounts
for the year ended 31 May 2025


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 discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. During the year the company has adopted a new accounting policy with regard to applications.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% straight line
	Motor Vehicles			25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					44		50


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 June 2024			303,373		417,522		720,895
	Additions			-		123,680		123,680
	Disposals			-		(84,845)		(84,845)
	At 31 May 2025			303,373		456,357		759,730

	Depreciation
	At 1 June 2024			252,477		189,192		441,669
	Charge for the year			23,488		86,639		110,127
	On disposals			-		(22,938)		(22,938)
	At 31 May 2025			275,965		252,893		528,858

	Net book value
	At 31 May 2025			27,408		203,464		230,872
	At 31 May 2024			50,896		228,330		279,226


4	Debtors					2025		2024
£							£

	Trade debtors					912,322		710,589
	Other debtors					278,331		204,318
						1,190,653		914,907


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		11,755
	Obligations under finance lease and hire purchase contracts					85,242		161,327
	Trade creditors					819,790		948,098
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					15,359		149,121
	Taxation and social security costs					353,311		334,101
						1,273,702		1,604,402


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					108,322		135,480


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Directors loan account
	P Sampson	-		(15,733)		-		(15,733)

	Directors loan account
	S Thomas	-		(11,542)		-		(11,542)

		-		(27,275)		-		(27,275)


8	Related party transactions

	NEOS Technical Ltd, a subsidiary of NEOS Protect Holdings Ltd (a shareholder of NEOS Protect Ltd), owes the sum of £570 at the year end.

	NEOS Fire Blast Ltd, a subsidiary of NEOS Protect Holdings Ltd (a shareholder of NEOS Protect Ltd), owes the sum of £515 at the year end.

	NEOS Protect Holdings Ltd, a shareholder of NEOS Protect Ltd, is owed the sum of £16,444 at the year end.

9	Controlling party

	The company is controlled by its directors.


10	Other information

	Neos Protect Limited is a private company limited by shares and incorporated in England. Its registered office is:
	4 High Street
	Stanley
	Co Durham
	DH9 0DQ

	It was identified that the share capital in the 2024 accounts was incorrect. This has now been corrected and the prior year comparatives have been restated to account for the prior year adjustment.