REGISTERED NUMBER: 09863433 (England and Wales)

Financial Statements for the Year Ended 30 November 2025

for

Neat Vehicles Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N A Townsend

Mrs E J Townsend

REGISTERED OFFICE:

Unit 6

Fulwood Road North

Sutton In Ashfield

Nottinghamshire

NG17 2NB

REGISTERED NUMBER:

09863433 (England and Wales)

ACCOUNTANTS:

123 Cloud Accounting Ltd

31 Brookfields Way

East Leake

Leicestershire

LE12 6HD

FIXED ASSETS

Tangible assets

4

18,005

23,511

CURRENT ASSETS

Stocks

102,000

275,000

Debtors

5

125,452

182,405

Cash at bank and in hand

47,418

140,070

274,870

597,475

CREDITORS

Amounts falling due within one year

6

281,169

434,643

NET CURRENT (LIABILITIES)/ASSETS

(6,299

)

162,832

TOTAL ASSETS LESS CURRENT LIABILITIES

11,706

186,343

PROVISIONS FOR LIABILITIES

3,421

4,467

NET ASSETS

8,285

181,876

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,185

181,776

SHAREHOLDERS' FUNDS

8,285

181,876

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by:

Mr N A Townsend - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and Machinery at 20% using the reducing balance method.

Office Equipment at 33% using the straight line method.

Motor Vehicles at 25% using the reducing balance method.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

and 30 November 2025

101,802

DEPRECIATION

At 1 December 2024

78,291

Charge for year

5,506

At 30 November 2025

83,797

NET BOOK VALUE

At 30 November 2025

18,005

At 30 November 2024

23,511

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

123,558

75,629

Other debtors

1,894

106,776

125,452

182,405

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

113,488

92,498

Taxation and social security

46,136

34,680

Other creditors

121,545

307,465

281,169

434,643