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REGISTERED NUMBER: 04870407 (England and Wales)















NORTH EASTERN ROOFING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






NORTH EASTERN ROOFING LIMITED (REGISTERED NUMBER: 04870407)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTH EASTERN ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: R B Clark
J Clark
J Carter





SECRETARY: J Clark





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 04870407 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

NORTH EASTERN ROOFING LIMITED (REGISTERED NUMBER: 04870407)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,180 25,589

CURRENT ASSETS
Stocks 73,800 62,133
Debtors 5 335,968 167,807
Cash at bank 860,154 1,015,863
1,269,922 1,245,803
CREDITORS
Amounts falling due within one year 6 97,699 195,125
NET CURRENT ASSETS 1,172,223 1,050,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,226,403

1,076,267

PROVISIONS FOR LIABILITIES 13,545 4,614
NET ASSETS 1,212,858 1,071,653

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,212,758 1,071,553
SHAREHOLDERS' FUNDS 1,212,858 1,071,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 EASTERN ROOFING LIMITED (REGISTERED NUMBER: 04870407)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2023 and were signed on its behalf by:





R B Clark - Director


NORTH EASTERN ROOFING LIMITED (REGISTERED NUMBER: 04870407)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

North Eastern Roofing 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 balance sheet date.


NORTH EASTERN ROOFING LIMITED (REGISTERED NUMBER: 04870407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 balance sheet 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 4 (2022 - 5 ) .

NORTH EASTERN ROOFING LIMITED (REGISTERED NUMBER: 04870407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 10,846 999 30,208 3,998 46,051
Additions 36,750 - - 1,133 37,883
Disposals - - (6,008 ) - (6,008 )
At 31st March 2023 47,596 999 24,200 5,131 77,926
DEPRECIATION
At 1st April 2022 9,494 798 6,600 3,570 20,462
Charge for year 1,609 30 3,605 123 5,367
Eliminated on disposal - - (2,083 ) - (2,083 )
At 31st March 2023 11,103 828 8,122 3,693 23,746
NET BOOK VALUE
At 31st March 2023 36,493 171 16,078 1,438 54,180
At 31st March 2022 1,352 201 23,608 428 25,589

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 302,402 165,038
Other debtors 16,193 -
VAT 14,534 -
Prepayments 2,839 2,769
335,968 167,807

NORTH EASTERN ROOFING LIMITED (REGISTERED NUMBER: 04870407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36,886 119,260
Corporation Tax 54,386 38,899
Social security and other taxes - 791
Pensions 175 85
VAT - 30,384
Other creditors 357 253
Directors' current accounts 2,165 1,843
Accrued expenses 3,730 3,610
97,699 195,125

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary A £1 51 51
25 Ordinary B £1 25 25
24 Ordinary C £1 24 24
100 100

8. RELATED PARTY DISCLOSURES

At the year end the company owed the director R B Clark £2,165 (2022 : £1,843).