REGISTERED NUMBER: 05746519 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

Neon Collective Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Heffernan

REGISTERED OFFICE:

Station View House

41 Brunswick Road

Shoreham By Sea

West Sussex

BN43 5WA

REGISTERED NUMBER:

05746519 (England and Wales)

ACCOUNTANTS:

Cloud Concepts Accounting Ltd

Station View House

41 Brunswick Road

Shoreham By Sea

West Sussex

BN43 5WA

FIXED ASSETS

Tangible assets

4

1,398

2,555

CURRENT ASSETS

Debtors

5

2,337

264

Cash at bank

77,328

80,180

79,665

80,444

CREDITORS

Amounts falling due within one year

6

(17,253

)

(19,890

)

NET CURRENT ASSETS

62,412

60,554

TOTAL ASSETS LESS CURRENT LIABILITIES

63,810

63,109

PROVISIONS FOR LIABILITIES

7

(280

)

(486

)

NET ASSETS

63,530

62,623

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63,430

62,523

SHAREHOLDERS' FUNDS

63,530

62,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6th September 2026 and were signed by:

M Heffernan - Director

1.	STATUTORY INFORMATION

Neon Collective 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.

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.

Changes in accounting policies

The company has adopted the amendments to FRS 102 Section 23- Revenue, issued as part of the

FRS 102 Periodic Review 2024, for the first time in these financial statements. The revised standard

introduces a five-step model for revenue recognition based on the transfer of control of goods or

services to customers.

The company has elected to apply the modified retrospective approach on transition. Accordingly,

comparative information for the prior period has not been restated, and the cumulative effect of initially

applying the revised standard has been recognised as an adjustment to the opening balance of

retained earnings at the beginning of the accounting period.

Turnover

Revenue is recognised in accordance with FRS 102 Section 23 - Revenue (as amended).

Revenue represents the consideration to which the company expects to be entitled in exchange for the

transfer of goods or services to customers in the ordinary course of business, excluding value added

tax and other similar taxes.

Revenue is recognised when the company satisfies its performance obligations by transferring control

of goods or services to a customer. Depending on the nature of the contract, revenue is recognised

either over time as services are provided or at a point in time when control of the goods passes to the

customer.

Amounts received in advance of the delivery of goods or services are recognised as deferred income,

while amounts recognised as revenue before invoicing are recognised as accrued income.

Tangible fixed assets

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

Plant and machinery etc

-

straight line over 3 years and 25% on reducing balance

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.

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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

8,704

Disposals

(407

)

At 31st March 2026

8,297

DEPRECIATION

At 1st April 2025

6,149

Charge for year

1,081

Eliminated on disposal

(331

)

At 31st March 2026

6,899

NET BOOK VALUE

At 31st March 2026

1,398

At 31st March 2025

2,555

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

2,337

264

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

17,036

15,329

Other creditors

217

4,561

17,253

19,890

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

280

486

Deferred

tax

£

Balance at 1st April 2025

486

Depreciation in advance of

(206

)

capital allowances

Balance at 31st March 2026

280