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Company Registration No. 08864693 (England and Wales)
NORTH EAST PARCEL SERVICES LIMITED Unaudited accounts for the year ended 31 March 2022
NORTH EAST PARCEL SERVICES LIMITED Unaudited accounts Contents
Page
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NORTH EAST PARCEL SERVICES LIMITED Company Information for the year ended 31 March 2022
Director
DM Gray
Company Number
08864693 (England and Wales)
Registered Office
8 Octavian Way Team Valley Trading Estate Gateshead NE11 0HZ
Accountants
MALLON:TAX PO Box 238 Houghton le Spring Co Durham DH4 9ES
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NORTH EAST PARCEL SERVICES LIMITED Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
632,811 
416,817 
Current assets
Debtors
180,290 
171,526 
Cash at bank and in hand
47,017 
200,801 
227,307 
372,327 
Creditors: amounts falling due within one year
(742,210)
(407,270)
Net current liabilities
(514,903)
(34,943)
Total assets less current liabilities
117,908 
381,874 
Creditors: amounts falling due after more than one year
(47,571)
(102,310)
Net assets
70,337 
279,564 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
70,335 
279,562 
Shareholders' funds
70,337 
279,564 
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 6 November 2023 and were signed on its behalf by
DM Gray Director Company Registration No. 08864693
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NORTH EAST PARCEL SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
NORTH EAST PARCEL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08864693. The registered office is 8 Octavian Way, Team Valley Trading Estate, Gateshead, NE11 0HZ.
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 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. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
25% Straight line
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.
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NORTH EAST PARCEL SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
22,448 
658,273 
5,056 
685,777 
Additions
25,771 
313,470 
45,977 
385,218 
Disposals
- 
(34,990)
- 
(34,990)
At 31 March 2022
48,219 
936,753 
51,033 
1,036,005 
Depreciation
At 1 April 2021
15,634 
251,418 
1,908 
268,960 
Charge for the year
5,170 
139,871 
1,264 
146,305 
On disposals
- 
(12,071)
- 
(12,071)
At 31 March 2022
20,804 
379,218 
3,172 
403,194 
Net book value
At 31 March 2022
27,415 
557,535 
47,861 
632,811 
At 31 March 2021
6,814 
406,855 
3,148 
416,817 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
61,195 
96,206 
Other debtors
119,095 
75,320 
180,290 
171,526 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
(17,631)
16,074 
Obligations under finance leases and hire purchase contracts
34,108 
56,418 
Trade creditors
452,779 
291,155 
Taxes and social security
8,620 
5,795 
Other creditors
252,334 
35,828 
Accruals
2,000 
2,000 
742,210 
407,270 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
31,667 
50,000 
Obligations under finance leases and hire purchase contracts
15,904 
52,310 
47,571 
102,310 
8
Loans to directors
The advance of £13,573 made during then year ended 31 March 2020 was fully repaid during the year
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NORTH EAST PARCEL SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2022
9
Average number of employees
During the year the average number of employees was 10 (2021: 10).
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