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REGISTERED NUMBER: 04459149 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

NORTH EAST CURTAINSIDERS LIMITED

NORTH EAST CURTAINSIDERS LIMITED (REGISTERED NUMBER: 04459149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTH EAST CURTAINSIDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J W Lynn
S Eltringham





SECRETARY: S Eltringham





REGISTERED OFFICE: 35 Grey Ridges
Brandon
Durham
DH7 8QL





REGISTERED NUMBER: 04459149 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

NORTH EAST CURTAINSIDERS LIMITED (REGISTERED NUMBER: 04459149)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,360 20,449

CURRENT ASSETS
Stocks 280 320
Debtors 5 28,436 51,002
Cash at bank and in hand 65,771 70,625
94,487 121,947
CREDITORS
Amounts falling due within one year 6 53,324 75,427
NET CURRENT ASSETS 41,163 46,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,523

66,969

CREDITORS
Amounts falling due after more than one
year

7

(10,935

)

(16,974

)

PROVISIONS FOR LIABILITIES (3,840 ) (5,112 )
NET ASSETS 41,748 44,883

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 41,746 44,881
SHAREHOLDERS' FUNDS 41,748 44,883

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

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

NORTH EAST CURTAINSIDERS LIMITED (REGISTERED NUMBER: 04459149)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:




S Eltringham - Director



J W Lynn - Director


NORTH EAST CURTAINSIDERS LIMITED (REGISTERED NUMBER: 04459149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

North East Curtainsiders 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 derives from the principal activity which is that of repair and installation of equipment for motor vehicles. Turnover is recognised as the work progresses.

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 cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

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.

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.

NORTH EAST CURTAINSIDERS LIMITED (REGISTERED NUMBER: 04459149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 33,004
DEPRECIATION
At 1 August 2023 12,555
Charge for year 5,089
At 31 July 2024 17,644
NET BOOK VALUE
At 31 July 2024 15,360
At 31 July 2023 20,449

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,893 49,434
Other debtors 1,543 1,568
28,436 51,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,038 5,885
Trade creditors 14,702 26,949
Taxation and social security 30,549 40,146
Other creditors 2,035 2,447
53,324 75,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,935 16,974

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

NORTH EAST CURTAINSIDERS LIMITED (REGISTERED NUMBER: 04459149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. RELATED PARTY DISCLOSURES

During the year the directors maintained interest free loans to the company, as at the balance sheet date the
balance on these loans was £10 (2023: £36).