Registered number
07304115
NORTH EASTERN ACCIDENT REPAIR LTD
Filleted Accounts
30 June 2023
NORTH EASTERN ACCIDENT REPAIR LTD
Registered number: 07304115
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 50 50
Creditors: amounts falling due within one year 4 48 48
Net current assets 98 98
Net assets 98 98
Capital and reserves
Called up share capital 4 4
Profit and loss account 94 94
Shareholders' funds 98 98
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W Portues
Director
Approved by the board on 23 October 2023
NORTH EASTERN ACCIDENT REPAIR LTD
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current tax liabilities are not discounted.
Leased assets
All leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 2,758
At 30 June 2023 2,758
Depreciation
At 1 July 2022 2,758
At 30 June 2023 2,758
Net book value
At 30 June 2023 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1 1
Other creditors (49) (49)
(48) (48)
5 Other information
NORTH EASTERN ACCIDENT REPAIR LTD is a private company limited by shares and incorporated in England. Its registered office is:
Hugo House
Ross Road
Stockton on Tees
TS18 2NH
NORTH EASTERN ACCIDENT REPAIR LTD 07304115 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 W Portues No description of principal activity 07304115 2021-07-01 2022-06-30 07304115 core:WithinOneYear 2022-06-30 07304115 core:ShareCapital 2022-06-30 07304115 core:RetainedEarningsAccumulatedLosses 2022-06-30 07304115 2022-07-01 2023-06-30 07304115 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07304115 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07304115 bus:Director40 2022-07-01 2023-06-30 07304115 1 2022-07-01 2023-06-30 07304115 2 2022-07-01 2023-06-30 07304115 countries:England 2022-07-01 2023-06-30 07304115 bus:FRS102 2022-07-01 2023-06-30 07304115 bus:FullAccounts 2022-07-01 2023-06-30 07304115 2023-06-30 07304115 core:WithinOneYear 2023-06-30 07304115 core:ShareCapital 2023-06-30 07304115 core:RetainedEarningsAccumulatedLosses 2023-06-30 07304115 core:PlantMachinery 2023-06-30 07304115 2022-06-30 07304115 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure