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REGISTERED NUMBER: 08823350 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

North East Plumbing And Drains Ltd

North East Plumbing And Drains Ltd (Registered number: 08823350)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

North East Plumbing And Drains Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr J Watson





REGISTERED OFFICE: Units 1-4
Brunswick Industrial Estate
Brunswick Village
Newcastle Upon Tyne
NE13 7BA





REGISTERED NUMBER: 08823350 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

North East Plumbing And Drains Ltd (Registered number: 08823350)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,050 4,550
Tangible assets 5 215,399 205,394
216,449 209,944

CURRENT ASSETS
Stocks 10,136 9,076
Debtors 6 384,003 288,106
Cash at bank 88,967 49,381
483,106 346,563
CREDITORS
Amounts falling due within one year 7 305,569 191,533
NET CURRENT ASSETS 177,537 155,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,986

364,974

CREDITORS
Amounts falling due after more than one
year

8

111,629

103,564
NET ASSETS 282,357 261,410

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 282,353 261,406
SHAREHOLDERS' FUNDS 282,357 261,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Plumbing And Drains Ltd (Registered number: 08823350)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 6 February 2025 and were signed by:





Mr J Watson - Director


North East Plumbing And Drains Ltd (Registered number: 08823350)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

North East Plumbing And Drains 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

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.

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.

North East Plumbing And Drains Ltd (Registered number: 08823350)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 20 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 March 2023
and 29 February 2024 35,000
AMORTISATION
At 1 March 2023 30,450
Amortisation for year 3,500
At 29 February 2024 33,950
NET BOOK VALUE
At 29 February 2024 1,050
At 28 February 2023 4,550

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 March 2023 113,775 271,528 14,680 399,983
Additions 6,480 64,545 1,235 72,260
At 29 February 2024 120,255 336,073 15,915 472,243
DEPRECIATION
At 1 March 2023 56,770 129,994 7,825 194,589
Charge for year 9,522 51,520 1,213 62,255
At 29 February 2024 66,292 181,514 9,038 256,844
NET BOOK VALUE
At 29 February 2024 53,963 154,559 6,877 215,399
At 28 February 2023 57,005 141,534 6,855 205,394

North East Plumbing And Drains Ltd (Registered number: 08823350)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Trade debtors 257,511 197,330
Other debtors 2,084 2,083
Wages advances 16,763 2,726
Directors' loan accounts 78,224 66,666
Tax 20,569 17,225
Prepayments 8,852 2,076
384,003 288,106

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Bank loans 10,000 10,000
Hire purchase contracts 43,447 31,060
Trade creditors 62,877 37,914
Corporation tax 46,677 40,748
Social security and other taxes 37,964 6,560
VAT 95,933 56,218
Other creditors 6,871 7,233
Accrued expenses 1,800 1,800
305,569 191,533

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£ £
Bank loans 13,213 23,213
Hire purchase contracts 98,416 80,351
111,629 103,564

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£ £
Mr J Watson
Balance outstanding at start of year 66,666 65,308
Amounts advanced 51,558 56,758
Amounts repaid (40,000 ) (55,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,224 66,666

North East Plumbing And Drains Ltd

Report of the Accountants to the Director of
North East Plumbing And Drains Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


6 February 2025