NORTH EAST PLUMBING AND DRAINS LTD


Director	WATSON, James


Registered Address	Unit 1-4 Brunswick Industrial Estate
	Brunswick Village
	Newcastle Upon Tyne
	NE13 7BA


Registered Number	08823350 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets			-		1,050
Tangible assets	3		207,407		215,399
			207,407		216,449
Current assets
Debtors		576,711		432,732
Cash at bank and on hand		119,540		88,967
		696,251		521,699
Creditors amounts falling due within one year	4	(369,500)		(250,325)
Net current assets (liabilities)			326,751		271,374
Total assets less current liabilities			534,158		487,823
Creditors amounts falling due after one year	5		(89,708)		(165,076)
Net assets			444,450		322,747
Capital and reserves
Profit and loss account			444,450		322,747
Shareholders' funds			444,450		322,747

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 29 November 2025, and are signed on its behalf by:

WATSON, James
Director
Registered Company No. 08823350

NORTH EAST PLUMBING AND DRAINS LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	25
	Office Equipment	15

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		19

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 March 24	120,255	336,074	15,914	472,243
Additions	3,280	47,000	2,101	52,381
At 28 February 25	123,535	383,074	18,015	524,624
Depreciation and impairment
At 01 March 24	66,292	181,515	9,037	256,844
Charge for year	8,636	50,390	1,347	60,373
At 28 February 25	74,928	231,905	10,384	317,217
Net book value
At 28 February 25	48,607	151,169	7,631	207,407
At 29 February 24	53,963	154,559	6,877	215,399

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	188,083	101,213
Bank borrowings and overdrafts	2,867	4,626
Taxation and social security	176,750	142,686
Accrued liabilities and deferred income	1,800	1,800
Total	369,500	250,325

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	13,212	23,213
Other creditors	76,496	141,863
Total	89,708	165,076

6.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	76,496		141,864