Company Registration No. 11090744 (England and Wales)
Neustadt Ltd
Unaudited accounts
for the year ended 30 November 2021
Neustadt Ltd
Unaudited accounts
Contents
Neustadt Ltd
Company Information
for the year ended 30 November 2021
Directors
Mr J Murray
Mrs R Murray
Company Number
11090744 (England and Wales)
Registered Office
2 EXETER STREET
COTTINGHAM
HU16 4LU
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Neustadt Ltd
Statement of financial position
as at 30 November 2021
Cash at bank and in hand
894
4,795
Creditors: amounts falling due within one year
(30,084)
(15,351)
Net current liabilities
(24,690)
(1,909)
Net liabilities
(24,690)
(1,909)
Called up share capital
100
100
Profit and loss account
(24,790)
(2,009)
Shareholders' funds
(24,690)
(1,909)
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2022 and were signed on its behalf by
Mrs R Murray
Director
Company Registration No. 11090744
Neustadt Ltd
Notes to the Accounts
for the year ended 30 November 2021
Neustadt Ltd is a private company, limited by shares, registered in England and Wales, registration number 11090744. The registered office is 2 EXETER STREET, COTTINGHAM, HU16 4LU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Neustadt Ltd
Notes to the Accounts
for the year ended 30 November 2021
4
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
4,500
4,500
Debtors: amounts falling due after more than one year
5
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
11,945
-
Loans from directors
19,399
15,291
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).
