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Registration number: 04059355

Neil Corbould Special Effects Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 August 2025

Neil Corbould Special Effects Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 8

Neil Corbould Special Effects Limited

Company Information

Directors | G Corbould N Corbould

Company secretary | G Corbould

Registered office | Suite 1B1 Argyle House Northside Joel Street Northwood Hills HA6 1NW

Neil Corbould Special Effects Limited

(Registration number: 04059355)
Abridged Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 323,112 | 389,117
Current assets |  |  |
Debtors |  | 306,430 | 348,917
Cash at bank and in hand |  | 130,465 | 319,703
|  | 436,895 | 668,620
Creditors: Amounts falling due within one year |  | (522,096) | (500,297)
Net current (liabilities)/assets |  | (85,201) | 168,323
Total assets less current liabilities |  | 237,911 | 557,440
Creditors: Amounts falling due after more than one year |  | (112,059) | (162,059)
Provisions for liabilities |  | (80,048) | (96,389)
Net assets |  | 45,804 | 298,992
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 45,604 | 298,792
Shareholders' funds |  | 45,804 | 298,992

For the financial year ending 31 August 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 March 2026 and signed on its behalf by:

Neil Corbould Special Effects Limited

(Registration number: 04059355)
Abridged Balance Sheet as at 31 August 2025

......................................... G Corbould Company secretary and director |  |

Neil Corbould Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

1 | 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 abridged 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 abridged 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.

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 and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Neil Corbould Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 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
Leasehold property | over the period of the lease
Motor vehicles | 25% reducing balance
Other fixed assets | 12.5% - 33.3% straight line

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.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Neil Corbould Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

3 | Intangible assets

| Total £
Cost or valuation
At 1 September 2024 | 145,000
At 31 August 2025 | 145,000
Amortisation
At 1 September 2024 | 145,000
At 31 August 2025 | 145,000
Carrying amount
At 31 August 2025 | -

4 | Tangible assets

| Land and buildings £ | Short leasehold land and buildings £ | Plant and machinery £ | Motor vehicles £
Cost or valuation
At 1 September 2024 | - | 244,622 | 1,533,945 | 159,422
Additions | 106,505 | 19,920 | 23,642 | -
At 31 August 2025 | 106,505 | 264,542 | 1,557,587 | 159,422
Depreciation
At 1 September 2024 | - | 185,161 | 1,371,682 | 98,534
Charge for the year | - | 38,087 | 56,258 | 15,222
At 31 August 2025 | - | 223,248 | 1,427,940 | 113,756
Carrying amount
At 31 August 2025 | 106,505 | 41,294 | 129,647 | 45,666
At 31 August 2024 | 106,505 | 59,461 | 162,263 | 60,888

Neil Corbould Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

| Total £
Cost or valuation
At 1 September 2024 | 1,937,989
Additions | 150,067
At 31 August 2025 | 2,088,056
Depreciation
At 1 September 2024 | 1,655,377
Charge for the year | 109,567
At 31 August 2025 | 1,764,944
Carrying amount
At 31 August 2025 | 323,112
At 31 August 2024 | 389,117

Neil Corbould Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

5 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 200 | 200 | 200 | 200