Neighbour Communications Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07062657 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

Neighbour Communications Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Armstrong

P Sims

REGISTERED OFFICE:

22 Bateman's Row

Shoreditch

London

EC2A 3HH

REGISTERED NUMBER:

07062657 (England and Wales)

ACCOUNTANTS:

Myers & Co Accountants Limited

Suite 204A, East Wing

Sterling House

Langston Road

Loughton

Essex

IG10 3TS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

32,352

35,965

32,352

35,965

CURRENT ASSETS

Debtors

6

771,085

536,461

Cash at bank

584,161

451,071

1,355,246

987,532

CREDITORS

Amounts falling due within one year

7

602,159

545,778

NET CURRENT ASSETS

753,087

441,754

TOTAL ASSETS LESS CURRENT LIABILITIES

785,439

477,719

CREDITORS

Amounts falling due after more than one year

8

(59,954

)

(164,006

)

PROVISIONS FOR LIABILITIES

(6,147

)

(7,173

)

NET ASSETS

719,338

306,540

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

719,238

306,440

SHAREHOLDERS' FUNDS

719,338

306,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 March 2019 and were signed on its behalf by:

J H Armstrong - Director

P Sims - Director

1.	STATUTORY INFORMATION

Neighbour Communications Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

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 (2017 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2017

and 31 October 2018

4,945

AMORTISATION

At 1 November 2017

and 31 October 2018

4,945

NET BOOK VALUE

At 31 October 2018

-

At 31 October 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2017

69,574

Additions

13,428

At 31 October 2018

83,002

DEPRECIATION

At 1 November 2017

33,609

Charge for year

17,041

At 31 October 2018

50,650

NET BOOK VALUE

At 31 October 2018

32,352

At 31 October 2017

35,965

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

365,416

171,261

Amounts owed by group undertakings

75,563

31,423

Other debtors

330,106

333,777

771,085

536,461

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

148,633

306,760

Taxation and social security

388,188

139,911

Other creditors

65,338

99,107

602,159

545,778

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.18

31.10.17

£

£

Other creditors

59,954

164,006