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REGISTERED NUMBER: 04993160 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2023

for

North East Controls Limited

North East Controls Limited (Registered number: 04993160)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


North East Controls Limited

Company Information
for the year ended 30 April 2023







DIRECTORS: M L Brown
D Illman





SECRETARY: M L Brown





REGISTERED OFFICE: 13 Park Drive
Melton Park
Gosforth
Newcastle Upon Tyne
NE3 5QB





REGISTERED NUMBER: 04993160 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

North East Controls Limited (Registered number: 04993160)

Statement of Financial Position
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 80,737 63,506
80,737 63,506

CURRENT ASSETS
Debtors 6 341,579 208,485
Cash at bank 623,877 253,272
965,456 461,757
CREDITORS
Amounts falling due within one year 7 378,244 227,063
NET CURRENT ASSETS 587,212 234,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

667,949

298,200

CREDITORS
Amounts falling due after more than one
year

8

(36,907

)

(38,173

)

PROVISIONS FOR LIABILITIES (10,601 ) -
NET ASSETS 620,441 260,027

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 620,439 260,025
SHAREHOLDERS' FUNDS 620,441 260,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

North East Controls Limited (Registered number: 04993160)

Statement of Financial Position - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:




D Illman - Director



M L Brown - Director


North East Controls Limited (Registered number: 04993160)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

North East Controls 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover represents net sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has now been filly amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


North East Controls Limited (Registered number: 04993160)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 225,000
AMORTISATION
At 1 May 2022
and 30 April 2023 225,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

North East Controls Limited (Registered number: 04993160)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 105,261
Additions 63,522
Disposals (53,351 )
At 30 April 2023 115,432
DEPRECIATION
At 1 May 2022 41,755
Charge for year 18,425
Eliminated on disposal (25,485 )
At 30 April 2023 34,695
NET BOOK VALUE
At 30 April 2023 80,737
At 30 April 2022 63,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 311,538 194,669
Other debtors 30,041 13,816
341,579 208,485

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 5,873 10,102
Trade creditors 224,696 122,657
Taxation and social security 136,691 66,544
Other creditors 10,984 27,760
378,244 227,063

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 36,907 38,173

North East Controls Limited (Registered number: 04993160)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 42,780 48,275

Hire purchase liabilities are secured over the assets to which they relate.