Company Registration No. 05299935 (England and Wales)
North East Demolition (UK) Ltd
Unaudited accounts
for the year ended 31 December 2023
North East Demolition (UK) Ltd
Unaudited accounts
Contents
North East Demolition (UK) Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr S Harvey
Mr W Harris
Mr R Harris
Miss D Andrews
Mr R Mould
Mr B Harris
Mrs H Harris
Miss G Howard
Miss S Harvey
Miss C Harvey
Company Number
05299935 (England and Wales)
Registered Office
Unit 11 Holts Court
Threshers Bush
Harlow
Essex
CM17 0NS
United Kingdom
Accountants
Deciphr Ltd
Unit 11 Holts Court
Threshers Bush
Harlow
Essex
CM17 0NS
North East Demolition (UK) Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
1,408,329
1,460,829
Inventories
480,000
185,000
Cash at bank and in hand
(8,467)
116,142
Creditors: amounts falling due within one year
(733,141)
(914,273)
Net current assets
375,061
185,043
Total assets less current liabilities
1,783,390
1,645,872
Creditors: amounts falling due after more than one year
(205,000)
(232,284)
Provisions for liabilities
Other provisions
(10,725)
(156,725)
Net assets
1,567,665
1,256,863
Called up share capital
6
6
Profit and loss account
1,567,659
1,256,857
Shareholders' funds
1,567,665
1,256,863
For the year ending 31 December 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 25 October 2024 and were signed on its behalf by
Mr S Harvey
Director
Company Registration No. 05299935
North East Demolition (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2023
North East Demolition (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05299935. The registered office is Unit 11 Holts Court, Threshers Bush, Harlow, Essex, CM17 0NS, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
North East Demolition (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
4
Tangible fixed assets
Plant & machinery
At 1 January 2023
2,813,919
At 31 December 2023
2,813,919
At 1 January 2023
1,353,090
Charge for the year
52,500
At 31 December 2023
1,405,590
At 31 December 2023
1,408,329
At 31 December 2022
1,460,829
Amounts falling due within one year
Trade debtors
484,531
651,661
Accrued income and prepayments
75,250
60,021
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
125,752
93,353
Obligations under finance leases and hire purchase contracts
366,770
391,413
Trade creditors
186,730
313,441
Taxes and social security
23,957
3,177
Loans from directors
29,932
80,303
North East Demolition (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
205,000
232,284
8
Average number of employees
During the year the average number of employees was 26 (2022: 26).