Registered Number
:
04919278
|
For the year ended 31 October 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2020
Neal Machinery Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Neal Machinery Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
2,052
1,755
2
2,052
1,755
Trade and other receivables
|
1,036
5,906
3
24,138
Cash and cash equivalents
|
51,679
57,585
25,174
Trade and other payables
:
amounts falling due within one
|
year
|
(12,408)
(15,381)
4
12,766
42,204
Net current assets
Total assets less current liabilities
|
44,256
14,521
44,256
Net assets
14,521
100
100
44,156
14,421
44,256
14,521
Shareholders' funds
For the year ended 31 October 2020 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 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 proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 15 June 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 October 2020
Neal Machinery Limited
Notes to the Financial Statements
Statutory Information
Neal Machinery Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
04919278
.
|
Fields End
Marsh Lane
Longdon
Tewkesbury Glos
GL20 6AU
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 31 October 2020
Neal Machinery Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
9,668
9,413
255
981
981
-
255
10,394
10,649
Provision for depreciation and impairment
|
7,913
7,659
254
Charge for year
684
684
-
8,597
8,343
254
1
2,051
2,052
1
1,754
1,755
3
.
Trade and other receivables
|
2019
2020
4,875
-
1,031
1,036
1,036
5,906
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
Taxation and social security
|
9,062
3,050
6,319
9,358
15,381
12,408
5
.
Average number of persons employed
|
During the year the average number of employees was 2 (2019 : 2)
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