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REGISTERED NUMBER: 05162079 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

NE & C Windows & Doors Limited

NE & C Windows & Doors Limited (Registered number: 05162079)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NE & C Windows & Doors Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S R Allen
M Massey
R L Parkin-Wade
P A Readman





REGISTERED OFFICE: Unit B
Tower Road
Washington
Tyne and Wear
NE37 2SH





REGISTERED NUMBER: 05162079 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

NE & C Windows & Doors Limited (Registered number: 05162079)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 366,744 411,562

CURRENT ASSETS
Stocks 5 568,110 471,908
Debtors 6 1,709,521 804,824
Cash at bank and in hand 407,180 748,926
2,684,811 2,025,658
CREDITORS
Amounts falling due within one year 7 1,381,099 1,068,319
NET CURRENT ASSETS 1,303,712 957,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,670,456

1,368,901

CREDITORS
Amounts falling due after more than one
year

8

(227,608

)

(102,873

)

PROVISIONS FOR LIABILITIES 11 (90,218 ) (101,310 )
NET ASSETS 1,352,630 1,164,718

CAPITAL AND RESERVES
Called up share capital 12 80 80
Retained earnings 1,352,550 1,164,638
SHAREHOLDERS' FUNDS 1,352,630 1,164,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

NE & C Windows & Doors Limited (Registered number: 05162079)

Balance Sheet - continued
30 September 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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





R L Parkin-Wade - Director


NE & C Windows & Doors Limited (Registered number: 05162079)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

NE & C Windows & Doors 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

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.

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

Revenue recognition
Income is recognised when goods are sold or when the service is completed.

Government grants
Revenue based grants have been credited to the profit and loss account in the period to which they relate.

Capital based grants are accounted for using the accruals model and have been transferred to deferred credits and released to the profit and loss account over the useful life of the assets, as disclosed above.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

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

Work in progress is valued on the basis of direct cost plus attributable overheads based on normal level of activity. Provisions are made for any foreseeable losses where appropriate.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

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


NE & C Windows & Doors Limited (Registered number: 05162079)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 49 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 498,758 246,853 745,611
Additions 68,141 - 68,141
Disposals (40,000 ) (55,049 ) (95,049 )
At 30 September 2023 526,899 191,804 718,703
DEPRECIATION
At 1 October 2022 222,170 111,879 334,049
Charge for year 55,120 23,979 79,099
Eliminated on disposal (29,077 ) (32,112 ) (61,189 )
At 30 September 2023 248,213 103,746 351,959
NET BOOK VALUE
At 30 September 2023 278,686 88,058 366,744
At 30 September 2022 276,588 134,974 411,562

NE & C Windows & Doors Limited (Registered number: 05162079)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022 55,887 178,494 234,381
Additions 48,500 - 48,500
Disposals - (54,490 ) (54,490 )
Transfer to ownership (55,887 ) - (55,887 )
At 30 September 2023 48,500 124,004 172,504
DEPRECIATION
At 1 October 2022 25,048 45,647 70,695
Charge for year - 23,586 23,586
Eliminated on disposal - (31,786 ) (31,786 )
Transfer to ownership (25,048 ) - (25,048 )
At 30 September 2023 - 37,447 37,447
NET BOOK VALUE
At 30 September 2023 48,500 86,557 135,057
At 30 September 2022 30,839 132,847 163,686

5. STOCKS
2023 2022
£    £   
Stocks 265,305 227,700
Work-in-progress 302,805 244,208
568,110 471,908

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,642,150 750,696
Other debtors 7,723 26,980
Prepayments and accrued income 59,648 27,148
1,709,521 804,824

NE & C Windows & Doors Limited (Registered number: 05162079)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,473 9,815
Hire purchase contracts (see note 9) 37,513 55,937
Trade creditors 959,960 803,636
Amounts owed to associates 37 10,138
Taxation and social security 235,819 58,107
Other creditors 96,158 98,516
Director's current account - 21,640
Accruals and deferred income 37,139 10,530
1,381,099 1,068,319

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 39,659 10,056
Bank loans - 2-5 years 124,135 18,211
Hire purchase contracts (see note 9) 63,814 74,606
227,608 102,873

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 37,513 55,937
Between one and five years 63,814 74,606
101,327 130,543

Non-cancellable operating leases
2023 2022
£    £   
Within one year 35,000 35,000
Between one and five years 8,750 43,750
43,750 78,750

NE & C Windows & Doors Limited (Registered number: 05162079)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 101,327 130,543

Hire purchase contracts are secured upon the assets to which they relate.

The company, together with NE and C Holdings Ltd, is party to a cross guarantee and debenture in respect of their indebtedness to the bank.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 90,218 101,310

Deferred
tax
£   
Balance at 1 October 2022 101,310
Credit to Profit and Loss Account during year (11,092 )
Balance at 30 September 2023 90,218

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary £1 80 80

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group and those conducted at a market rate.

There were no related party transactions other than those concluded under normal market conditions except for those detailed below:
2023 2022
£    £   

Amounts owed to directors - 21,640
No interest was charged.

14. ULTIMATE CONTROLLING PARTY

The parent company is NE and C Holdings Ltd. The registered office is Unit B Tower Road, Glover Industrial Estate, Washington, Tyne and Wear, United Kingdom, NE37 2SH.