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Company Registration No. 08154843 (England and Wales)
North East Electrical Ltd Unaudited accounts for the year ended 31 July 2024
North East Electrical Ltd Unaudited accounts Contents
Page
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North East Electrical Ltd Company Information for the year ended 31 July 2024
Director
Adam Monkhouse
Company Number
08154843 (England and Wales)
Registered Office
15 Melrose Avenue Middlesbrough Cleveland TS5 5JZ England
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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North East Electrical Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,599 
1,437 
Current assets
Inventories
25,000 
10,000 
Debtors
83,771 
127,229 
Cash at bank and in hand
51,882 
49,747 
160,653 
186,976 
Creditors: amounts falling due within one year
(94,369)
(137,289)
Net current assets
66,284 
49,687 
Total assets less current liabilities
76,883 
51,124 
Creditors: amounts falling due after more than one year
(10,833)
(20,833)
Provisions for liabilities
Deferred tax
(2,014)
(273)
Net assets
64,036 
30,018 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
63,936 
29,918 
Shareholders' funds
64,036 
30,018 
For the year ending 31 July 2024 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 director acknowledges his 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 and authorised for issue on 3 March 2025 and were signed on its behalf by
Adam Monkhouse Director Company Registration No. 08154843
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North East Electrical Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
North East Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 08154843. The registered office is 15 Melrose Avenue, Middlesbrough, Cleveland, TS5 5JZ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
15% on cost
Motor vehicles
25% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
2,863 
16,003 
7,058 
25,924 
Additions
- 
10,790 
- 
10,790 
At 31 July 2024
2,863 
26,793 
7,058 
36,714 
Depreciation
At 1 August 2023
2,863 
16,003 
5,621 
24,487 
Charge for the year
- 
674 
954 
1,628 
At 31 July 2024
2,863 
16,677 
6,575 
26,115 
Net book value
At 31 July 2024
- 
10,116 
483 
10,599 
At 31 July 2023
- 
- 
1,437 
1,437 
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North East Electrical Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,834 
11,764 
Trade debtors
73,998 
111,094 
Other debtors
2,939 
4,371 
83,771 
127,229 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
10,287 
44,205 
Taxes and social security
24,303 
3,486 
Other creditors
21,327 
40,175 
Loans from directors
24,262 
27,118 
Accruals
4,190 
12,305 
94,369 
137,289 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,833 
20,833 
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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