NEODAR LIMITED - Filleted accounts

Registered number

SC336132

NEODAR LIMITED

Filleted Accounts

31 January 2026

NEODAR LIMITED
Registered number:		SC336132
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,859			2,003

Current assets
Cash at bank and in hand		-			15,550

Creditors: amounts falling due within one year	4	(1,670)			(15,933)

Net current liabilities			(1,670)			(383)

Net assets			189			1,620

Capital and reserves
Called up share capital			1			1
Profit and loss account			188			1,619

Shareholder's funds			189			1,620

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Donald Fraser
Director
Approved by the board on 28 October 2026

NEODAR LIMITED
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	15% of cost

	Debtors
	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, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Equipment
£
	Cost
	At 1 February 2025				2,357
	Additions				246
	At 31 January 2026				2,603

	Depreciation
	At 1 February 2025				354
	Charge for the year				390
	At 31 January 2026				744

	Net book value
	At 31 January 2026				1,859
	At 31 January 2025				2,003


4	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		2,767		-
	Taxation and social security costs		903		675
	Other creditors		(2,000)		15,258
			1,670		15,933


5	Other information

	NEODAR LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
	39 Marlborough Avenue
	Glasgow
	G11 7BP