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

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

NEUCOM LIMITED - Company Information

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REGISTERED NUMBER: 04297434 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

NEUCOM LIMITED
NEUCOM LIMITED (REGISTERED NUMBER: 04297434)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEUCOM LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2020







DIRECTOR: P A Difford





REGISTERED OFFICE: Old Bank
The Triangle
Paulton
Bristol
BS39 7LE





REGISTERED NUMBER: 04297434 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE
Page 1
NEUCOM LIMITED (REGISTERED NUMBER: 04297434)


BALANCE SHEET
31 OCTOBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,489 17,301

CURRENT ASSETS
Debtors 5 1,247 -
Cash at bank 100,016 165,518
101,263 165,518
CREDITORS
Amounts falling due within one year 6 29,072 68,606
NET CURRENT ASSETS 72,191 96,912
TOTAL ASSETS LESS CURRENT
LIABILITIES
87,680
114,213

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 87,679 114,212
SHAREHOLDERS' FUNDS 87,680 114,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 June 2021 and were signed by:





P A Difford - Director


The notes form part of these financial statements

Page 2
NEUCOM LIMITED (REGISTERED NUMBER: 04297434)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020

1. STATUTORY INFORMATION

Neucom 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor Vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 3 continued...
NEUCOM LIMITED (REGISTERED NUMBER: 04297434)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings Vehicles Totals
£    £    £    £   
COST
At 1 November 2019 13,673 775 19,799 34,247
Additions 1,095 - - 1,095
At 31 October 2020 14,768 775 19,799 35,342
DEPRECIATION
At 1 November 2019 13,286 690 2,970 16,946
Charge for year 370 13 2,524 2,907
At 31 October 2020 13,656 703 5,494 19,853
NET BOOK VALUE
At 31 October 2020 1,112 72 14,305 15,489
At 31 October 2019 387 85 16,829 17,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
VAT 1,247 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 2,895 13,341
Other creditors 26,177 55,265
29,072 68,606

Page 4