Company Registration No. 8348264 (England and Wales)
Neal Associates Limited
Unaudited accounts
for the year ended 31 March 2017
Neal Associates Limited
Unaudited accounts
Contents
Neal Associates Limited
Company Information
for the year ended 31 March 2017
Company Number
8348264 (England and Wales)
Registered Office
PENAVERE
PEMPILL
CALLINGTON
CORNWALL
PL17 8QE
Accountants
BookBusters t/n of Castle Home Loans Limited
Eureka House
Higher Downgate
Callington
Cornwall
PL17 8HL
Neal Associates Limited
Statement of financial position
as at 31 March 2017
Tangible assets
1,993
2,461
Cash at bank and in hand
2,033
1,866
Creditors: amounts falling due within one year
(9,265)
(12,494)
Net current liabilities
(7,232)
(10,535)
Total assets less current liabilities
(5,239)
(8,074)
Creditors: amounts falling due after more than one year
(3,737)
(6,647)
Net liabilities
(8,976)
(14,721)
Called up share capital
1
1
Profit and loss account
(8,977)
(14,722)
Shareholders' funds
(8,976)
(14,721)
For the year ending 31 March 2017 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 director acknowledges her 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.
Approved by the Board on 19 December 2017.
Mrs C Coles
Director
Company Registration No. 8348264
Neal Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
Neal Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 8348264. The registered office is PENAVERE, PEMPILL, CALLINGTON, CORNWALL, PL17 8QE.
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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% RBM
Neal Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
1,320
2,412
113
3,845
At 31 March 2017
1,350
2,412
113
3,875
At 1 April 2016
475
868
41
1,384
Charge for the year
175
309
14
498
At 31 March 2017
650
1,177
55
1,882
At 31 March 2017
700
1,235
58
1,993
At 31 March 2016
845
1,544
72
2,461
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
6,828
5,935
Loans from directors
2,437
6,559
7
Creditors: amounts falling due after more than one year
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2016: 0).
