Neon Legal Limited


Director	Mr T S Bhate


Company Secretary	Mr T S Bhate


Registered Address	28 Riverside Studios Amethyst Road
	Newcastle Business Park
	Newcastle Upon Tyne
	NE4 7YL


Registered Number	07302558 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		743		1,206
			743		1,206
Current assets
Debtors	4	95,943		109,706
Cash at bank and on hand		37,489		58,746
		133,432		168,452
Creditors amounts falling due within one year	5	(39,139)		(52,516)
Net current assets (liabilities)			94,293		115,936
Total assets less current liabilities			95,036		117,142
Creditors amounts falling due after one year	6		-		(4,165)
Provisions for liabilities	7		(300)		(300)
Net assets			94,736		112,677
Capital and reserves
Called up share capital			150		150
Profit and loss account			94,586		112,527
Shareholders' funds			94,736		112,677

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 June 2026, and are signed on its behalf by:

Mr T S Bhate
Director
Registered Company No. 07302558

Neon Legal Limited

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

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.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	4
Fixtures and fittings	20	-
Office Equipment	20	-

	Finance leases and hire purchase contracts
	Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		5

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 25	5,419	17,716	23,135
At 31 December 25	5,419	17,716	23,135
Depreciation and impairment
At 01 January 25	4,969	16,960	21,929
Charge for year	90	373	463
At 31 December 25	5,059	17,333	22,392
Net book value
At 31 December 25	360	383	743
At 31 December 24	450	756	1,206

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	19,922	5,100
Other debtors	14,583	9,283
Prepayments and accrued income	61,438	95,323
Total	95,943	109,706


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	4,812	9,778
Bank borrowings and overdrafts	4,165	9,996
Taxation and social security	24,105	26,614
Other creditors	1,017	1,328
Accrued liabilities and deferred income	5,040	4,800
Total	39,139	52,516


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings represent a bounce back loan from the UK government and is unsecured.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	4,165
Total	-	4,165


	Bank borrowings represent a bounce back loan from the UK government and is unsecured.

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	300	300
Total	300	300

8.	Other commitments
	The company’s rental lease expired on 25 June 2025. The company has continued to occupy the premises after this date under a verbal agreement with the landlord, on the same terms as the previous lease. The arrangement can be terminated by either party on three months’ notice. At 31 December 2025, the company had future minimum lease payments under this arrangement of £2,750 (2024: £5,500), all of which were due within one year. No amounts were due after more than one year.

Other commitments

The company’s rental lease expired on 25 June 2025. The company has continued to occupy the premises after this date under a verbal agreement with the landlord, on the same terms as the previous lease. The arrangement can be terminated by either party on three months’ notice.

At 31 December 2025, the company had future minimum lease payments under this arrangement of £2,750 (2024: £5,500), all of which were due within one year. No amounts were due after more than one year.

9.	Directors advances, credits and guarantees
	The director had a loan account with the company. As of 1 January 2025, the director owed the company £9,282. During the year, the company provided further loan advances of £17,425, the director repaid £12,671 and interest of £547 was charged during the year. As of 31 December 2025, the director owed the company £14,583. The amount is unsecured, repayable on demand and interest is charged at the official rate.

Directors advances, credits and guarantees

The director had a loan account with the company.  As of 1 January 2025, the director owed the company £9,282.  During the year, the company provided further loan advances of £17,425, the director repaid £12,671 and interest of £547 was charged during the year.  As of 31 December 2025, the director owed the company £14,583. The amount is unsecured, repayable on demand and interest is charged at the official rate.