ACCOUNTS - Final Accounts

Registered number: 12224441

NEOFIELD LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

NEOFIELD LIMITED

REGISTERED NUMBER: 12224441

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

FIXED ASSETS
Tangible assets	4		1,216		1,947
			1,216		1,947
CURRENT ASSETS
Debtors: amounts falling due within one year	5	2,997		18,091
Cash at bank and in hand		27,765		46,336
		30,762		64,427
Creditors: amounts falling due within one year	6	(2,304)		(36,523)
NET CURRENT ASSETS			28,458		27,904
TOTAL ASSETS LESS CURRENT LIABILITIES			29,674		29,851
PROVISIONS FOR LIABILITIES
Deferred tax	7		(231)		(487)
NET ASSETS			29,443		29,364

CAPITAL AND RESERVES
Called up share capital	8	100	100
Profit and loss account		29,343	29,264
		29,443	29,364

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NEOFIELD LIMITED

REGISTERED NUMBER: 12224441

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

T Douglas

Director

Date: 22 June 2026

The notes on pages 3 to 6 form part of these financial statements.

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NEOFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	GENERAL INFORMATION

Neofield Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, England, CB1 2LA.

The principal trading address is 53 Carisbrooke Road, Cambridge, CB4 3LP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

TURNOVER

Turnover comprises consultancy income recognised during the year, exclusive of VAT.

2.3

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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NEOFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable.

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NEOFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

EMPLOYEES

The average monthly number of employees, including the director, during the year was 1 (2024 - 1).

4.	TANGIBLE FIXED ASSETS

		Computer equipment
		£
	COST
	At 1 October 2024	3,024
	At 30 September 2025	3,024
	DEPRECIATION
	At 1 October 2024	1,077
	Charge for the year on owned assets	731
	At 30 September 2025	1,808
	NET BOOK VALUE
	At 30 September 2025	1,216
	At 30 September 2024	1,947

DEBTORS

					2025	2024
					£	£


Trade debtors	-	17,640
Other debtors	2,997	-
Prepayments and accrued income	-	451
	2,997	18,091

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NEOFIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Trade creditors	87	444
Corporation tax	136	22,353
Other taxation and social security	-	4,317
Other creditors	2,081	4,859
Accruals and deferred income	-	4,550
	2,304	36,523

7.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(487)
	Charged to profit or loss	256
	AT END OF YEAR	(231)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(231)	(487)
		(231)	(487)

8.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

76 (2024 - 76) Ordinary A shares of £1.00 each	76	76
24 (2024 - 24) Ordinary B shares of £1.00 each	24	24

	100	100

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