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REGISTERED NUMBER: 13398214 (England and Wales)










Financial Statements

for the Year Ended 31 July 2024

for

North East Care Solution Ltd

North East Care Solution Ltd (Registered number: 13398214)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


North East Care Solution Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr K T Ling





SECRETARY: Ms A A Lai





REGISTERED OFFICE: 10 Advent Courtyard
Teemers Drive
Gateshead
Tyne and Wear
NE8 2GL





REGISTERED NUMBER: 13398214 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

North East Care Solution Ltd (Registered number: 13398214)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,227 5,457

CURRENT ASSETS
Stocks 8,689 1,250
Debtors 5 60,619 2,348
Cash at bank and in hand 32,607 7,884
101,915 11,482
CREDITORS
Amounts falling due within one year 6 (96,291 ) (75,343 )
NET CURRENT ASSETS/(LIABILITIES) 5,624 (63,861 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,851

(58,404

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 9,751 (58,504 )
9,851 (58,404 )

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 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.

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 11 April 2025 and were signed by:





Mr K T Ling - Director


North East Care Solution Ltd (Registered number: 13398214)

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

1. STATUTORY INFORMATION

North East Care Solution 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.

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
Fixtures and fittings - 15% 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 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.

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 Care Solution Ltd (Registered number: 13398214)

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 1,254 4,187 1,726 7,167
DEPRECIATION
At 1 August 2023 228 817 665 1,710
Charge for year 155 506 569 1,230
At 31 July 2024 383 1,323 1,234 2,940
NET BOOK VALUE
At 31 July 2024 871 2,864 492 4,227
At 31 July 2023 1,026 3,370 1,061 5,457

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,141 -
VAT receivable 14,478 2,348
60,619 2,348

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 50,308 2,707
Corporation tax 928 -
Social security and other tax 555 -
Pension Liability 50 -
Directors' current accounts 44,450 71,950
Accrued expenses - 686
96,291 75,343

7. RESERVES
Retained
earnings
£   

At 1 August 2023 (58,504 )
Profit for the year 68,255
At 31 July 2024 9,751