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REGISTERED NUMBER: 10719678 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Engineering Services North East Limited

Engineering Services North East Limited (Registered number: 10719678)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Engineering Services North East Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr T McLoughlin
Mrs K McLoughlin





REGISTERED OFFICE: 11 Navigator Court
Preston Farm Industrial Estate
Stockton-On-Tees
Co. Durham
TS18 3TQ





REGISTERED NUMBER: 10719678 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Engineering Services North East Limited (Registered number: 10719678)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 448,137 393,351

CURRENT ASSETS
Stocks 18,858 54,074
Debtors 5 1,597,112 347,259
Cash at bank 274,272 148,798
1,890,242 550,131
CREDITORS
Amounts falling due within one year 6 1,350,462 436,473
NET CURRENT ASSETS 539,780 113,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

987,917

507,009

CREDITORS
Amounts falling due after more than one
year

7

(86,375

)

(85,135

)

PROVISIONS FOR LIABILITIES (100,953 ) (65,777 )
NET ASSETS 800,589 356,097

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 800,579 356,087
SHAREHOLDERS' FUNDS 800,589 356,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Engineering Services North East Limited (Registered number: 10719678)

Balance Sheet - continued
31 May 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr T McLoughlin - Director


Engineering Services North East Limited (Registered number: 10719678)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Engineering Services North East 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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
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 16 (2023 - 16 ) .

Engineering Services North East Limited (Registered number: 10719678)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 June 2023 94,627 507,222 601,849
Additions - 283,075 283,075
Disposals (94,627 ) - (94,627 )
At 31 May 2024 - 790,297 790,297
DEPRECIATION
At 1 June 2023 5,516 202,982 208,498
Charge for year - 139,178 139,178
Eliminated on disposal (5,516 ) - (5,516 )
At 31 May 2024 - 342,160 342,160
NET BOOK VALUE
At 31 May 2024 - 448,137 448,137
At 31 May 2023 89,111 304,240 393,351

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

Plant and
machinery
etc
£
COST
At 1 June 2023 175,294
Additions 33,303
At 31 May 2024 208,597
DEPRECIATION
At 1 June 2023 86,993
Charge for year 30,401
At 31 May 2024 117,394
NET BOOK VALUE
At 31 May 2024 91,203
At 31 May 2023 88,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Trade debtors 1,572,069 316,804
Amounts owed by group undertakings 349 73
Other debtors 24,694 30,382
1,597,112 347,259

Engineering Services North East Limited (Registered number: 10719678)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£ £
Hire purchase contracts 25,391 34,818
Trade creditors 607,142 206,089
Amounts owed to group undertakings 4,294 4,820
Taxation and social security 523,645 164,592
Other creditors 189,990 26,154
1,350,462 436,473

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£ £
Hire purchase contracts 59,952 53,089
Other creditors 26,423 32,046
86,375 85,135