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Company No: 10738027 (England and Wales)

# NEUCIN DESIGN LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

NEUCIN DESIGN LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

NEUCIN DESIGN LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 April 2025
NEUCIN DESIGN LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 94,164 |  | 65,094
|  | 94,164 |  | 65,094
Current assets |  |  |  |
Debtors | 4 | 267,243 |  | 54,566
Cash at bank and in hand |  | 203,298 |  | 138,027
|  | 470,541 |  | 192,593
Creditors: amounts falling due within one year | 5 | ( 112,721) |  | ( 25,179)
Net current assets |  | 357,820 |  | 167,414
Total assets less current liabilities |  | 451,984 |  | 232,508
Provision for liabilities | 6 | ( 23,541) |  | ( 12,368)
Net assets |  | 428,443 |  | 220,140
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 428,343 |  | 220,040
Total shareholders' funds |  | 428,443 |  | 220,140

For the financial year ending 30 April 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Neucin Design Limited (registered number: 10738027) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

C Balfour Director |  | G Kovacs Director

07 January 2026

NEUCIN DESIGN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
NEUCIN DESIGN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Neucin Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
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 financial statements. 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 carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Fixtures and fittings | 25 % reducing balance
Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors , creditors and loans from related parties.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 8 |  | 6

#### 3. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 May 2024 | 82,716 |  | 30,436 |  | 57,992 |  | 171,144
Additions | 27,028 |  | 13,779 |  | 20,335 |  | 61,142
Disposals | ( 21,902) |  | ( 11,582) |  | ( 23,971) |  | ( 57,455)
At 30 April 2025 | 87,842 |  | 32,633 |  | 54,356 |  | 174,831
Accumulated depreciation |  |  |  |  |  |  |
At 01 May 2024 | 52,747 |  | 14,994 |  | 38,309 |  | 106,050
Charge for the financial year | 8,896 |  | 5,107 |  | 7,417 |  | 21,420
Disposals | ( 18,159) |  | ( 9,520) |  | ( 19,124) |  | ( 46,803)
At 30 April 2025 | 43,484 |  | 10,581 |  | 26,602 |  | 80,667
Net book value |  |  |  |  |  |  |
At 30 April 2025 | 44,358 |  | 22,052 |  | 27,754 |  | 94,164
At 30 April 2024 | 29,969 |  | 15,442 |  | 19,683 |  | 65,094

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 165,684 |  | 0
Amounts owed by directors | 0 |  | 172
Prepayments and accrued income | 100,208 |  | 54,394
VAT recoverable | 1,351 |  | 0
| 267,243 |  | 54,566

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 4,987 |  | 0
Amounts owed to directors | 15,531 |  | 0
Accruals | 556 |  | 540
Taxation and social security | 89,502 |  | 24,012
Other creditors | 2,145 |  | 627
| 112,721 |  | 25,179

#### 6. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 12,368) |  | 545
Charged to the Income Statement | ( 11,173) |  | ( 12,913)
At the end of financial year | ( 23,541) |  | ( 12,368)

#### 7. Related party transactions

The directors have loan accounts with the company. Interest is chargeable on these loans at the discretion of the directors. The directors have agreed that there will be no interest charged on the loans during the year.
At the year end the company owed the directors £15,531 (2024: £172 overdrawn).