Neo7 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10542985 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2018

FOR

NEO7 LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Shailesh Patel

O E Salina

Registered office:

7 St. John's Road,

Harrow

Middlesex

HA1 2EY

Registered number:

10542985 (England and Wales)

Fixed assets

Tangible assets

4

415

623

Current assets

Debtors

5

6

3,121

Cash at bank

6,170

8,342

6,176

11,463

Creditors

Amounts falling due within one year

6

(9,638

)

(11,027

)

Net current (liabilities)/assets

(3,462

)

436

Total assets less current liabilities

(3,047

)

1,059

Capital and reserves

Called up share capital

7

6

1

Retained earnings

(3,053

)

1,058

Shareholders' funds

(3,047

)

1,059

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 on 30 September 2019 and were signed on its behalf by:

Shailesh Patel - Director

1.	Statutory information

Neo7 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.

Going concern

The financial statements have been prepared on a going concern basis. The directors of the company have provided the

company with an undertaking that they will continue to support the company financially to enable the company to continue

trading and will not seek repayment of the amount currently owing to them in the twelve months from the date of signing the

financial statements.

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 each asset over its estimated useful life.

Fixtures and fittings

-

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.

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 4 (2017 - 5 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

COST

At 1 January 2018

and 31 December 2018

831

DEPRECIATION

At 1 January 2018

208

Charge for year

208

At 31 December 2018

416

NET BOOK VALUE

At 31 December 2018

415

At 31 December 2017

623

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

-

3,120

Other debtors

6

1

6

3,121

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

259

2,156

Taxation and social security

8,094

6,221

Other creditors

1,285

2,650

9,638

11,027

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

5

Ordinary

£1

6

1

5 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.