REGISTERED NUMBER: 05122796 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

N.E. EXPRESS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Speight

M W Heslop

REGISTERED OFFICE:

Unit 14

Cherry Way

Dubmire Industrial Estate

Houghton-le-Spring

Tyne and Wear

DH4 5RJ

REGISTERED NUMBER:

05122796 (England and Wales)

ACCOUNTANTS:

John Scrivens

11 Sunderland Street

Houghton-le-Spring

Tyne and Wear

DH4 4BD

FIXED ASSETS

Tangible assets

4

79,095

102,211

CURRENT ASSETS

Debtors

5

438,622

516,382

Prepayments and accrued income

166,364

166,872

Cash at bank and in hand

82,224

55,280

687,210

738,534

CREDITORS

Amounts falling due within one year

6

312,807

341,573

NET CURRENT ASSETS

374,403

396,961

TOTAL ASSETS LESS CURRENT LIABILITIES

453,498

499,172

PROVISIONS FOR LIABILITIES

12,814

12,055

NET ASSETS

440,684

487,117

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

440,584

487,017

SHAREHOLDERS' FUNDS

440,684

487,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:

M W Heslop - Director

1.	STATUTORY INFORMATION

N.E. EXPRESS 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 etc

-

33% on cost, 15% on cost and 10% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

7,806

312,794

320,600

Additions

-

1,197

1,197

At 31 December 2024

7,806

313,991

321,797

DEPRECIATION

At 1 January 2024

4,392

213,997

218,389

Charge for year

1,214

23,099

24,313

At 31 December 2024

5,606

237,096

242,702

NET BOOK VALUE

At 31 December 2024

2,200

76,895

79,095

At 31 December 2023

3,414

98,797

102,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

266,185

331,977

Other debtors

172,437

184,405

438,622

516,382

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

-

4,166

Trade creditors

170,456

119,199

Taxation and social security

81,938

154,143

Other creditors

60,413

64,065

312,807

341,573

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

M Speight

Balance outstanding at start of year

357

46

Amounts advanced

-

357

Amounts repaid

(357

)

(46

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

357

8.	RELATED PARTY DISCLOSURES

The controlling party is Centrex Group Services Ltd.

The ultimate controlling party is M W Heslop.