Company Registration No. 09204144 (England and Wales)
Ngeo Ltd
Unaudited accounts
for the year ended 31 March 2025
Ngeo Ltd
Unaudited accounts
Contents
Ngeo Ltd
Company Information
for the year ended 31 March 2025
Directors
Johnathan Mckenna
Caroline Mckenna
Company Number
09204144 (England and Wales)
Registered Office
Unit 8 Focus Business Park
Old Buckenham
Attleborough
NR17 1GY
England
Accountants
JHW Azoth Ltd
13 The Close
Norwich
Norfolk
NR1 4DS
Ngeo Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
197,121
269,135
Cash at bank and in hand
22,687
18,869
Creditors: amounts falling due within one year
(83,067)
(165,112)
Net current assets/(liabilities)
44,865
(7,232)
Total assets less current liabilities
241,986
261,903
Creditors: amounts falling due after more than one year
-
(35,291)
Provisions for liabilities
Net assets
192,705
226,612
Called up share capital
100
100
Profit and loss account
192,605
226,512
Shareholders' funds
192,705
226,612
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by
Johnathan Mckenna
Director
Company Registration No. 09204144
Ngeo Ltd
Notes to the Accounts
for the year ended 31 March 2025
Ngeo Ltd is a private company, limited by shares, registered in England and Wales, registration number 09204144. The registered office is Unit 8 Focus Business Park, Old Buckenham, Attleborough, NR17 1GY, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% RB
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ngeo Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
204,916
20,979
152,001
377,896
Disposals
-
(20,979)
-
(20,979)
At 31 March 2025
204,916
-
152,001
356,917
At 1 April 2024
57,502
8,150
43,109
108,761
Charge for the year
37,407
1,476
21,778
60,661
On disposals
-
(9,626)
-
(9,626)
At 31 March 2025
94,909
-
64,887
159,796
At 31 March 2025
110,007
-
87,114
197,121
At 31 March 2024
147,414
12,829
108,892
269,135
Amounts falling due within one year
Trade debtors
105,245
139,011
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
3,989
8,112
Loans from directors
62,109
68,054
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).