Neos IT Limited - Accounts to registrar (filleted) - small 18.2

Neos IT Limited - Accounts to registrar (filleted) - small 18.2

NEOS IT LIMITED - Company Information

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REGISTERED NUMBER: 04235890 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2020

FOR

NEOS IT LIMITED
NEOS IT LIMITED (REGISTERED NUMBER: 04235890)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEOS IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2020







DIRECTORS: G J Wright
Ms P Wright





REGISTERED OFFICE: 123 Minories
London
EC3N 1NT





REGISTERED NUMBER: 04235890 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, The Hamilton Centre
Rodney Way
Chelmsford
Essex
CM1 3BY
Page 1
NEOS IT LIMITED (REGISTERED NUMBER: 04235890)

BALANCE SHEET
30TH JUNE 2020

2020 2019
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,248 27,387
28,248 27,387

CURRENT ASSETS
Debtors 6 145,407 78,730
Cash at bank and in hand 74,101 6,189
219,508 84,919
CREDITORS
Amounts falling due within one year 7 (138,980 ) (86,976 )
NET CURRENT ASSETS/(LIABILITIES) 80,528 (2,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
108,776
25,330

CREDITORS
Amounts falling due after more than one
year
8
(47,916
)
-
NET ASSETS 60,860 25,330

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 60,850 25,320
SHAREHOLDERS' FUNDS 60,860 25,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2020 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 notes form part of these financial statements

Page 2 continued...
NEOS IT LIMITED (REGISTERED NUMBER: 04235890)

BALANCE SHEET - continued
30TH JUNE 2020


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 and authorised for issue on 4th February 2021 and were signed on its behalf by:





G J Wright - Director


The notes form part of these financial statements

Page 3
NEOS IT LIMITED (REGISTERED NUMBER: 04235890)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2020


1. STATUTORY INFORMATION

Neos IT 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% 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 8 (2019 - 8 ) .

Page 4 continued...
NEOS IT LIMITED (REGISTERED NUMBER: 04235890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2020


4. INTANGIBLE FIXED ASSETS

Goodwill generated in connection with the aquisition of a business in 2011 has been written off in the year of purchase.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2019 180,501
Additions 8,926
At 30th June 2020 189,427
DEPRECIATION
At 1st July 2019 153,114
Charge for year 8,065
At 30th June 2020 161,179
NET BOOK VALUE
At 30th June 2020 28,248
At 30th June 2019 27,387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 137,466 68,466
Other debtors 7,941 10,264
145,407 78,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 2,083 -
Trade creditors 64,235 61,356
Taxation and social security 52,900 12,547
Other creditors 19,762 13,073
138,980 86,976

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 47,916 -

Page 5 continued...
NEOS IT LIMITED (REGISTERED NUMBER: 04235890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2020


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2020 2019
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,250 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
10 Ordinary share capital £1 10 10

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director £1,632 (2019 - £461)

11. ULTIMATE CONTROLLING PARTY

The controlling party is G J Wright.

Page 6