Neil Banerjee and Associates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06978446

NEIL BANERJEE AND ASSOCIATES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2025

NEIL BANERJEE AND ASSOCIATES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st AUGUST 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

NEIL BANERJEE AND ASSOCIATES LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		4,563		4,909

CURRENT ASSETS

Cash at bank and in hand	135,145		52,492

CREDITORS: amounts falling due within one year	7	225,963		224,768
		----------		----------
NET CURRENT LIABILITIES			90,818		172,276
			---------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 86,255)		( 167,367)
			---------		----------
NET LIABILITIES			( 86,255)		( 167,367)
			---------		----------

CAPITAL AND RESERVES

Called up share capital	8	2	2
Profit and loss account		( 86,257)	( 167,369)
		---------	----------
SHAREHOLDERS DEFICIT		( 86,255)	( 167,367)
		---------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

NEIL BANERJEE AND ASSOCIATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 12 August 2026 , and are signed on behalf of the board by:

N. Banerjee

Director

Company registration number: 06978446

NEIL BANERJEE AND ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st AUGUST 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4A Teasdale Street, Consett, County Durham, DH8 6AF.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 18 (2024: 8 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1st September 2024 and 31st August 2025	105,000
	----------
Amortisation
At 1st September 2024 and 31st August 2025	105,000
	----------
Carrying amount
At 31st August 2025	–
	----------
At 31st August 2024	–
	----------

6. TANGIBLE ASSETS

	Fixtures and fittings
	£
Cost
At 1st September 2024	37,072
Additions	429
	---------
At 31st August 2025	37,501
	---------
Depreciation
At 1st September 2024	32,163
Charge for the year	775
	---------
At 31st August 2025	32,938
	---------
Carrying amount
At 31st August 2025	4,563
	---------
At 31st August 2024	4,909
	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	136,233	61,724
Social security and other taxes	1,368	763
Director loan accounts	47,887	116,656
Little Legs Day Nursery Limited	40,475	45,625
	----------	----------
	225,963	224,768
	----------	----------

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

9. RELATED PARTY TRANSACTIONS

A director's loan account processes the transactions between N. and Mrs I. Banerjee and Neil Banerjee and Associates Limited. At 31st August 2025 the balance on this loan account was £47,887 (2024: £116,656). The directors of Neil Banerjee and Associates Limited are also directors of Little Legs Day Nursery Limited. An intercompany loan account processes the transactions between Neil Banerjee and Associates Limited and Little Legs Day Nursery Limited. At 31st August 2025, £40,475 (2024: £45,625) was owed to Little Legs Day Nursery Limited from Neil Banerjee and Associates Limited and this is included in creditors: amounts falling due within one year. No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.