Never Get Limited

Never Get Limited
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Intangible fixed assets	3	14,889	16,222
Tangible fixed assets	4	71,235	96,150
		86,124	112,372
Current assets
Debtors	5	215,803	234,000
Cash at bank and in hand		8,240	100,490
		224,043	334,490
Creditors: amount falling due within one year		(66,103)	(120,217)
Net current assets		157,940	214,273

Total assets less current liabilities		244,064	326,645
Creditors: amount falling due after more than one year		(165,389)	(212,473)
Provisions for liabilities	6	(16,364)	(18,268)
Net assets		62,311	95,904

Capital and reserves
Called up share capital		100	100
Profit and loss account		62,211	95,804
Shareholders' funds		62,311	95,904

For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 27 October 2026 and were signed by:

-------------------------------
Adnan Sheikh Mahmood
Director

Never Get Limited
Notes to the Financial Statements
For the year ended 28 February 2026

General Information

Never Get Limited is a private company, limited by shares, registered in England and Wales, registration number 13894970, registration address Unit 4, Kingsbury Trading Estate, Kingsbury, England, NW9 8AU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Franchise Fees
Franchise Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of 15 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Reducing Balance
Computer Equipment	33.33% Straight Line

Provisions

Provisions are recognized when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 80 (2025 : 80).

Intangible fixed assets

Cost	Start up Fee	Total
	£	£
At 01 March 2025	20,000	20,000
Additions	-	-
Disposals	-	-
At 28 February 2026	20,000	20,000
Amortisation
At 01 March 2025	3,778	3,778
Charge for year	1,333	1,333
On disposals	-	-
At 28 February 2026	5,111	5,111
Net book values
At 28 February 2026	14,889	14,889
At 28 February 2025	16,222	16,222

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 March 2025	210,758	5,786	216,544
Additions	-	-	-
Disposals	-	-	-
At 28 February 2026	210,758	5,786	216,544
Depreciation
At 01 March 2025	118,080	2,314	120,394
Charge for year	23,170	1,745	24,915
On disposals	-	-	-
At 28 February 2026	141,250	4,059	145,309
Net book values
Closing balance as at 28 February 2026	69,508	1,727	71,235
Opening balance as at 01 March 2025	92,678	3,472	96,150

Debtors: amounts falling due within one year

	2026 £	2025 £
Other Debtors - Deposit	0	26,000
Corporation Tax	7,803	0
	7,803	26,000

Debtors: amounts falling due after one year

	2026 £		2025 £
Loan - SAF Trading Store	208,000		208,000
	208,000		208,000

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	16,364		18,268
	16,364		18,268