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Financial Statements for the Period 9 May 2019 to 31 March 2020 |
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Neat Global Limited |
REGISTERED NUMBER:
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Financial Statements for the Period 9 May 2019 to 31 March 2020 |
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Neat Global Limited |
Neat Global Limited (Registered number: 11986033) |
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Contents of the Financial Statements |
for the Period 9 May 2019 to 31 March 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Neat Global Limited |
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Company Information |
for the Period 9 May 2019 to 31 March 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants and |
Statutory Auditor |
67 Westow Street |
Upper Norwood |
London |
SE19 3RW |
Neat Global Limited (Registered number: 11986033) |
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Balance Sheet |
31 March 2020 |
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Notes | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Neat Global Limited (Registered number: 11986033) |
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Notes to the Financial Statements |
for the Period 9 May 2019 to 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Neat Global Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
Neat Global Limited (Registered number: 11986033) |
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Notes to the Financial Statements - continued |
for the Period 9 May 2019 to 31 March 2020 |
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3. | ACCOUNTING POLICIES - continued |
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Going concern |
The company is in the process of applying for an Electronic Money Institution licence through the Financial Conduct Authority. Until this application has been approved, which will enable the company to commence trading, it is reliant upon the financial support from other group companies. Those group companies have undertaken to continue to support the company for at least twelve months after the approval of these accounts. On this basis the directors consider it appropriate to prepare these accounts on a going concern basis. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 31 March 2020 |
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DEPRECIATION |
Charge for period |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary shares | 1 | 1 |
Neat Global Limited (Registered number: 11986033) |
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Notes to the Financial Statements - continued |
for the Period 9 May 2019 to 31 March 2020 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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We draw attention to note 3 of the financial statements, which explains the reasons for the losses incurred in the year, the balance sheet deficit and why the accounts have been prepared on a going concern basis. Our opinion is not modified in respect of this matter. |
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for and on behalf of
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