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Registered Number: 15490521
England and Wales

 

 

 

NORTH EAST DUCT SUPPLY LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 14 February 2024

End date: 28 February 2025
 
 
Notes
 
2025
£
Fixed assets    
Tangible fixed assets 3 62,935 
62,935 
Current assets    
Stocks 4 35,072 
Debtors 5 371,320 
Cash at bank and in hand 102,463 
508,855 
Creditors: amount falling due within one year 6 (466,161)
Net current assets 42,694 
 
Total assets less current liabilities 105,629 
Creditors: amount falling due after more than one year 7 (33,212)
Net assets 72,417 
 

Capital and reserves
   
Called up share capital 4 
Profit and loss account 72,413 
Shareholders' funds 72,417 
 


For the period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 14 May 2025 and were signed by:


-------------------------------
Simon Ainsworth Roxburgh
Director
1
General Information
North East Duct Supply Ltd is a private company, limited by shares, registered in England and Wales, registration number 15490521, registration address Boyd House, Patterson Street, Blaydon, NE21 5SD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 19.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 14 February 2024      
Additions 48,843    33,847    2,215    84,905 
Disposals   (4,247)     (4,247)
At 28 February 2025 48,843    29,600    2,215    80,658 
Depreciation
At 14 February 2024      
Charge for period 9,769    7,400    554    17,723 
On disposals      
At 28 February 2025 9,769    7,400    554    17,723 
Net book values
Closing balance as at 28 February 2025 39,074    22,200    1,661    62,935 
Opening balance as at 14 February 2024      


4.

Stocks

2025
£
Work in Progress 11,192 
Stocks 23,880 
35,072 

5.

Debtors: amounts falling due within one year

2025
£
Trade Debtors 355,996 
Amount Owed by Group Undertakings 3,000 
Prepayments & Accrued Income 12,324 
371,320 

6.

Creditors: amount falling due within one year

2025
£
Trade Creditors 164,257 
Credit Card 6,081 
Corporation Tax 12,253 
PAYE & Social Security 11,204 
Pension Control Account 1,328 
Other Creditors 199,990 
Obligations under HP/Financial Leases 5,520 
Directors' Current Accounts 579 
VAT 64,949 
466,161 

7.

Creditors: amount falling due after more than one year

2025
£
Obligations Under HP/Financial Leases 33,212 
33,212 

8.

Disclosure of controlling party

For the whole of the period under review the company was under the control of Simon Roxburgh, director of the company.
9.

Directors Advances, Credits and Guarantees

Included in creditors: amounts due within one year, are amounts owed to the Director of £579.
2