REGISTERED NUMBER: 03227809 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NORTH EAST ORGANIC GROWERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I Dodds

Mr P J Tyler

Miss A L Schultz

Mrs A K Cole

Mrs C B Adamson

Mr M Brown

Miss L Rutherford

Mr M O'Brien

Mr B Welsh

REGISTERED OFFICE:

Earth Balance

West Sleekburn Farm

Bomarsund

Bedlington

Northumberland

NE22 7AD

REGISTERED NUMBER:

03227809 (England and Wales)

ACCOUNTANTS:

Greaves Grindle

Chartered Accountants

Victoria House

Bondgate Within

Alnwick

Northumberland

NE66 1TA

BANKERS:

Lloyds Bank plc

15 Blackheath Village

Blackheath

London

SE3 9LH

FIXED ASSETS

Tangible assets

4

3,204

3,652

CURRENT ASSETS

Stocks

1,086

566

Debtors

5

46,645

41,355

Investments

6

-

426

Cash at bank and in hand

34,764

63,113

82,495

105,460

CREDITORS

Amounts falling due within one year

7

52,192

50,292

NET CURRENT ASSETS

30,303

55,168

TOTAL ASSETS LESS CURRENT LIABILITIES

33,507

58,820

PROVISIONS FOR LIABILITIES

609

694

NET ASSETS

32,898

58,126

CAPITAL AND RESERVES

Called up share capital

900

900

Retained earnings

31,998

57,226

SHAREHOLDERS' FUNDS

32,898

58,126

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 22 September 2025 and were signed on its behalf by:

Miss L Rutherford - Director

1.	STATUTORY INFORMATION

North East Organic Growers Limited 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

Office equipment

-

15% on 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.

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.

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 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

45,007

3,224

48,231

Additions

-

118

118

At 31 December 2024

45,007

3,342

48,349

DEPRECIATION

At 1 January 2024

42,305

2,274

44,579

Charge for year

405

161

566

At 31 December 2024

42,710

2,435

45,145

NET BOOK VALUE

At 31 December 2024

2,297

907

3,204

At 31 December 2023

2,702

950

3,652

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

44,508

38,469

Other debtors

2,137

2,886

46,645

41,355

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Phone Co-op Ltd shares

-

426

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

50,126

47,374

Taxation and social security

180

234

Other creditors

1,886

2,684

52,192

50,292