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REGISTERED NUMBER: 08996305 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

North East Conservatory Solutions Ltd

North East Conservatory Solutions Ltd (Registered number: 08996305)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North East Conservatory Solutions Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs L E Kerr
A J Kerr





REGISTERED OFFICE: 7a Franklin Indutrial Estate
Patterson Street
Blaydon
Tyne and Wear
NE21 5TL





REGISTERED NUMBER: 08996305 (England and Wales)





ACCOUNTANTS: CM Sewell & Company
53 Welby Drive
Ushaw Moor
Durham
Co. Durham
DH7 7GA

North East Conservatory Solutions Ltd (Registered number: 08996305)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242,179 183,091

CURRENT ASSETS
Stocks 685,000 725,000
Debtors 5 404,466 572,421
Cash at bank and in hand 216,832 316,352
1,306,298 1,613,773
CREDITORS
Amounts falling due within one year 6 1,134,826 1,328,099
NET CURRENT ASSETS 171,472 285,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,651

468,765

CREDITORS
Amounts falling due after more than one
year

7

(67,529

)

(105,386

)

PROVISIONS FOR LIABILITIES (41,073 ) (33,324 )
NET ASSETS 305,049 330,055

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 305,047 330,053
305,049 330,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Conservatory Solutions Ltd (Registered number: 08996305)

Balance Sheet - continued
30 November 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 27 March 2024 and were signed on its behalf by:





A J Kerr - Director


North East Conservatory Solutions Ltd (Registered number: 08996305)

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

1. STATUTORY INFORMATION

North East Conservatory Solutions Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 Conservatory Solutions Ltd (Registered number: 08996305)

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

2. ACCOUNTING POLICIES - continued

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 32 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 310,179
Additions 98,485
At 30 November 2023 408,664
DEPRECIATION
At 1 December 2022 127,088
Charge for year 39,397
At 30 November 2023 166,485
NET BOOK VALUE
At 30 November 2023 242,179
At 30 November 2022 183,091

North East Conservatory Solutions Ltd (Registered number: 08996305)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 73,000
DEPRECIATION
At 1 December 2022 31,531
Charge for year 6,221
At 30 November 2023 37,752
NET BOOK VALUE
At 30 November 2023 35,248
At 30 November 2022 41,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 382,069 549,655
Amounts owed by group undertakings 6,260 6,260
Other debtors 16,137 16,506
404,466 572,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 259,310 278,433
Hire purchase contracts 5,810 13,068
Trade creditors 797,140 871,487
Taxation and social security 57,185 149,070
Other creditors 15,381 16,041
1,134,826 1,328,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 67,529 99,578
Hire purchase contracts - 5,808
67,529 105,386