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REGISTERED NUMBER: 10136504 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

FOR

NORTH EAST PLANT LIMITED

NORTH EAST PLANT LIMITED (REGISTERED NUMBER: 10136504)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTH EAST PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTOR: P Hughes





REGISTERED OFFICE: Oil Depot
242 London Road
Stretton
Coventry
CV23 9JA





REGISTERED NUMBER: 10136504 (England and Wales)





AUDITORS: Flint & Thompson
Statutory Auditors
2 Manor Square
Solihull
West Midlands
B91 3PX

NORTH EAST PLANT LIMITED (REGISTERED NUMBER: 10136504)

BALANCE SHEET
31 JULY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,806,576 2,163,727

CURRENT ASSETS
Debtors 5 5,894,529 4,441,238
Cash at bank 47,039 31,569,271
5,941,568 36,010,509
CREDITORS
Amounts falling due within one year 6 2,246,022 29,287,192
NET CURRENT ASSETS 3,695,546 6,723,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,502,122

8,887,044

PROVISIONS FOR LIABILITIES 1,103,249 411,108
NET ASSETS 8,398,873 8,475,936

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,398,773 8,475,836
SHAREHOLDERS' FUNDS 8,398,873 8,475,936

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





P Hughes - Director


NORTH EAST PLANT LIMITED (REGISTERED NUMBER: 10136504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022


1. STATUTORY INFORMATION

North East Plant 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
The financial statements have been prepared on a going concern basis which the director considers to be appropriate. The company has group support to ensure that it meets its liabilities for a period of no less than 12 months from the approval of the financial statements.Consequently, the director is confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements and therefore have prepared them on a going concern basis.

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 etc - 33% per annum of cost, 25% Straight line and 20% per annum of net book value

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year 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.

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.

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.

NORTH EAST PLANT LIMITED (REGISTERED NUMBER: 10136504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021 3,794,501
Additions 4,801,078
Disposals (838,000 )
At 31 July 2022 7,757,579
DEPRECIATION
At 1 August 2021 1,630,774
Charge for year 659,269
Eliminated on disposal (339,040 )
At 31 July 2022 1,951,003
NET BOOK VALUE
At 31 July 2022 5,806,576
At 31 July 2021 2,163,727

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,345,499 1,669,144
Amounts owed by group undertakings 2,535,000 -
Other debtors 2,014,030 2,772,094
5,894,529 4,441,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 322,996 109,024
Amounts owed to group undertakings - 21,000,000
Taxation and social security 1,729,953 1,537,636
Other creditors 193,073 6,640,532
2,246,022 29,287,192

NORTH EAST PLANT LIMITED (REGISTERED NUMBER: 10136504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


7. FINANCIAL INSTRUMENTS

Categorisation of financial instruments:
Financial assets that are debt instruments measured at amortised cost £56,317,602 (2020 -£20,333,664). Financial liabilities measured at amortised cost £6,749,556 (2020 - £6,271,476).

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Georgiades BA FCA (Senior Statutory Auditor)
for and on behalf of Flint & Thompson

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director operated a loan with the company with no fixed terms of repayment, interest was charged at a rate of 2.25%, totalling £8,103 during the year. Amounts advanced during the year were £4,749 (2021 - £9,012) and repayments during the year were £55,932 (2021 - £NIL). At the year end the amount owing to the company was £368,258 (2021 - £411,338).

10. RELATED PARTY DISCLOSURES

Key management personnel comprises the directors for the company. The directors received
remuneration in the year as disclosed in note 3.

11. ULTIMATE CONTROLLING PARTY

On 18 July 2021, by way of a share for share exchange, the shares in the company were transferred
from the sole shareholder of the company to Frank Solutions Limited, incorporated in the Isle of Man.

The Ultimate parent company is Frank Solutions Limited, incorporation in the Isle of Man,