Company Registration No. 11517264 (England and Wales)
NORTH EAST DIGITAL LTD
Unaudited accounts
for the year ended 31 August 2024
NORTH EAST DIGITAL LTD
Unaudited accounts
Contents
NORTH EAST DIGITAL LTD
Company Information
for the year ended 31 August 2024
Directors
DAVID TODD
ROBERT CHARLES SAMMONS
Company Number
11517264 (England and Wales)
Registered Office
6 Alder Way
Meadow Hill
Newcastle Upon Tyne
NE15 9DD
United Kingdom
Accountants
Wecount Ltd
Business Central
2 Union Square
Darlington
County Durham
DL1 1GL
NORTH EAST DIGITAL LTD
Statement of financial position
as at 31 August 2024
Tangible assets
7,821
12,112
Cash at bank and in hand
4,243
7,487
Creditors: amounts falling due within one year
(2,757)
(16,784)
Net current assets
1,938
4,811
Total assets less current liabilities
9,759
16,923
Provisions for liabilities
Deferred tax
(1,487)
(2,302)
Called up share capital
1
1
Profit and loss account
8,271
14,620
Shareholders' funds
8,272
14,621
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by
DAVID TODD
Director
Company Registration No. 11517264
NORTH EAST DIGITAL LTD
Notes to the Accounts
for the year ended 31 August 2024
NORTH EAST DIGITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11517264. The registered office is 6 Alder Way, Meadow Hill, Newcastle Upon Tyne, NE15 9DD, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
33% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The Director considers it appropriate to prepare the accounts on a going concern basis.
NORTH EAST DIGITAL LTD
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
1,990
2,167
24,907
29,064
At 31 August 2024
1,990
2,167
25,052
29,209
At 1 September 2023
1,441
943
14,568
16,952
Charge for the year
181
365
3,890
4,436
At 31 August 2024
1,622
1,308
18,458
21,388
At 31 August 2024
368
859
6,594
7,821
At 31 August 2023
549
1,224
10,339
12,112
Amounts falling due within one year
Accrued income and prepayments
185
233
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,073
19,202
Loans from directors
258
(10,953)
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).