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Registration number: 09659239

David Neale Associates Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

David Neale Associates Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

David Neale Associates Limited

(Registration number: 09659239)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 152 | 290
Current assets |  |  |
Debtors | 5 | 16,878 | 3,721
Cash at bank and in hand |  | 1,874 | 1,174
|  | 18,752 | 4,895
Creditors: Amounts falling due within one year | 6 | (9,652) | (4,771)
Net current assets |  | 9,100 | 124
Total assets less current liabilities |  | 9,252 | 414
Provisions for liabilities |  | - | (55)
Net assets |  | 9,252 | 359
Capital and reserves |  |  |
Called up share capital |  | 130 | 130
Retained earnings |  | 9,122 | 229
Shareholders' funds |  | 9,252 | 359

David Neale Associates Limited

(Registration number: 09659239)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 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 Profit and Loss Account.

Approved and authorised by the Board on 5 March 2026 and signed on its behalf by:

......................................... Mr A D Neale Director
......................................... Mrs S M Neale Director

David Neale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

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

The address of its registered office is:
16 Dorcan Business Village
Murdock Road, Dorcan
Swindon
Wiltshire
SN3 5HY

The principal place of business is:
9 Hart Close
Upper Rissington
Cheltenham
Glos
GL54 2PX

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Contract revenue recognition

Revenue from contracts for the provision of professional services is recognised by reference to the value of work undertaken during the accounting period.

Tax

The tax expense for the period comprises current tax payable and deferred taxation.

The current 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.
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.

David Neale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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 over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% straight line

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

3 | Staff numbers

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

David Neale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 July 2024 | 2,308 | 2,308
At 30 June 2025 | 2,308 | 2,308
Depreciation
At 1 July 2024 | 2,018 | 2,018
Charge for the year | 138 | 138
At 30 June 2025 | 2,156 | 2,156
Carrying amount
At 30 June 2025 | 152 | 152
At 30 June 2024 | 290 | 290

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 5,756 | 2,996
Other debtors | 11,122 | 725
| 16,878 | 3,721

David Neale Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 7,952 | 3,176
Other creditors | 1,700 | 1,595
| 9,652 | 4,771

7 | Related party transactions

Transactions with directors Mr & Mrs A D Neale (directors) had a loan with the company. At the balance sheet date the amount due from Mr & Mrs A D Neale was £11,122 (2024: £725).