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Company Registration No. 01485109 (England and Wales)
North East Radio Communications Limited Unaudited accounts for the year ended 31 May 2023
North East Radio Communications Limited Unaudited accounts Contents
Page
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North East Radio Communications Limited Company Information for the year ended 31 May 2023
Directors
BT Main JP Scully
Company Number
01485109 (England and Wales)
Registered Office
BEWICKE STREET WILLINGTON QUAY WALLSEND TYNE AND WEAR NE28 6SR
Accountants
WG Associates 83 Norfolk Crescent Lindley Park Nuneaton Warwickshire CV10 8BY
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North East Radio Communications Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
106,465 
49,346 
Current assets
Inventories
160,602 
61,337 
Debtors
103,755 
58,940 
Cash at bank and in hand
282,363 
412,534 
546,720 
532,811 
Creditors: amounts falling due within one year
(92,514)
(144,267)
Net current assets
454,206 
388,544 
Total assets less current liabilities
560,671 
437,890 
Provisions for liabilities
Deferred tax
(26,616)
(12,336)
Net assets
534,055 
425,554 
Capital and reserves
Called up share capital
500 
500 
Share premium
500 
500 
Profit and loss account
533,055 
424,554 
Shareholders' funds
534,055 
425,554 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by
BT Main Director Company Registration No. 01485109
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North East Radio Communications Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
North East Radio Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 01485109. The registered office is BEWICKE STREET, WILLINGTON QUAY, WALLSEND, TYNE AND WEAR, NE28 6SR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. The estimated useful economic life varies dependant on nature of use of the asset in addition to the classification. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. :
Land & buildings
25% Reducing Balance
Plant & machinery
Straight line on cost over 3, 6, 7, or 8 years
Motor vehicles
25% Reducing Balance
Fixtures & fittings
Straight line on cost over 2, 3, 5, 8, or 10 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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North East Radio Communications Limited Notes to the Accounts for the year ended 31 May 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2022
39,988 
387,407 
37,493 
23,664 
488,552 
Additions
- 
77,795 
- 
1,569 
79,364 
Disposals
(39,988)
(17,890)
(13,613)
(2,720)
(74,211)
At 31 May 2023
- 
447,312 
23,880 
22,513 
493,705 
Depreciation
At 1 June 2022
39,988 
363,454 
27,562 
8,202 
439,206 
Charge for the year
- 
14,642 
2,477 
2,936 
20,055 
On disposals
(39,988)
(16,888)
(13,536)
(1,609)
(72,021)
At 31 May 2023
- 
361,208 
16,503 
9,529 
387,240 
Net book value
At 31 May 2023
- 
86,104 
7,377 
12,984 
106,465 
At 31 May 2022
- 
23,953 
9,931 
15,462 
49,346 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
89,496 
46,869 
Accrued income and prepayments
10,581 
9,789 
Other debtors
3,678 
2,282 
103,755 
58,940 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
14,763 
14,470 
Taxes and social security
20,464 
25,215 
Accruals
8,302 
55,049 
Deferred income
48,985 
49,533 
92,514 
144,267 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500 
500 
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North East Radio Communications Limited Notes to the Accounts for the year ended 31 May 2023
8
Controlling party
The ultimate controlling party is North East Radio Communications Group Limited.
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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