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
North East Electrical Ltd
Company Information
for the year ended 31 July 2024
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
North East Electrical Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
10,599
1,437
Cash at bank and in hand
51,882
49,747
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
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
North East Electrical Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
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
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
At 31 July 2024
-
10,116
483
10,599
At 31 July 2023
-
-
1,437
1,437
North East Electrical Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
73,998
111,094
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).