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REGISTERED NUMBER: 08897724 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

NORTH EAST TIPPERS LIMITED

NORTH EAST TIPPERS LIMITED (REGISTERED NUMBER: 08897724)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTH EAST TIPPERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr M Barron
Mrs K Barron





REGISTERED OFFICE: Thistle Road
Littleburn Industrial Estate
Langley Moor
Co. Durham
DH7 8HJ





REGISTERED NUMBER: 08897724 (England and Wales)





ACCOUNTANTS: Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY

NORTH EAST TIPPERS LIMITED (REGISTERED NUMBER: 08897724)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,351,737 688,729

CURRENT ASSETS
Debtors 5 1,167,444 859,758
Cash at bank and in hand 395,425 91,168
1,562,869 950,926
CREDITORS
Amounts falling due within one year 6 1,272,856 815,731
NET CURRENT ASSETS 290,013 135,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,641,750

823,924

CREDITORS
Amounts falling due after more than
one year

7

1,147,104

601,268
NET ASSETS 494,646 222,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 494,546 222,556
SHAREHOLDERS' FUNDS 494,646 222,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 EAST TIPPERS LIMITED (REGISTERED NUMBER: 08897724)

BALANCE SHEET - continued
28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




Mrs K Barron - Director



Mr M Barron - Director


NORTH EAST TIPPERS LIMITED (REGISTERED NUMBER: 08897724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

North East Tippers 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 etc - 20% on reducing balance

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 TIPPERS LIMITED (REGISTERED NUMBER: 08897724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


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.

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 48 (2022 - 45 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 1,138,804
Additions 1,029,231
Disposals (52,000 )
At 28 February 2023 2,116,035
DEPRECIATION
At 1 March 2022 450,075
Charge for year 337,935
Eliminated on disposal (23,712 )
At 28 February 2023 764,298
NET BOOK VALUE
At 28 February 2023 1,351,737
At 28 February 2022 688,729

NORTH EAST TIPPERS LIMITED (REGISTERED NUMBER: 08897724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,154,377 618,776
Amounts owed by group undertakings - 218,990
Amounts recoverable on contract - 12,011
Other debtors 13,067 9,981
1,167,444 859,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 429,878 193,348
Trade creditors 601,360 370,809
Taxation and social security 199,785 181,788
Other creditors 31,833 59,786
1,272,856 815,731

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 798,094 283,259
Amounts owed to group undertakings 326,510 285,509
1,147,104 601,268