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Company Registration No. 08154843 (England and Wales)
North East Electrical Ltd Unaudited accounts for the year ended 31 July 2025
North East Electrical Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
North East Electrical Ltd Company Information for the year ended 31 July 2025
Director
Adam Monkhouse
Company Number
08154843 (England and Wales)
Registered Office
15 Melrose Avenue Middlesbrough Cleveland TS5 5JZ England
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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North East Electrical Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
22,431
10,599
Current assets
Inventories
25,000
25,000
Debtors
5
59,806
83,771
Cash at bank and in hand
38,996
51,882
123,802
160,653
Creditors: amounts falling due within one year
6
(95,932)
(94,369)
Net current assets
27,870
66,284
Total assets less current liabilities
50,301
76,883
Creditors: amounts falling due after more than one year
7
(833)
(10,833)
Provisions for liabilities
Deferred tax
(4,262)
(2,014)
Net assets
45,206
64,036
Capital and reserves
Called up share capital
100
100
Profit and loss account
45,106
63,936
Shareholders' funds
45,206
64,036
For the year ending 31 July 2025 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 director acknowledges his 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 and authorised for issue on 8 October 2025 and were signed on its behalf by
Adam Monkhouse Director Company Registration No. 08154843
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North East Electrical Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
North East Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 08154843. The registered office is 15 Melrose Avenue, Middlesbrough, Cleveland, TS5 5JZ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
15% on cost
Motor vehicles
25% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
2,863
26,793
7,058
36,714
Additions
-
13,300
2,251
15,551
Disposals
-
(5,100)
-
(5,100)
At 31 July 2025
2,863
34,993
9,309
47,165
Depreciation
At 1 August 2024
2,863
16,677
6,575
26,115
Charge for the year
-
2,975
744
3,719
Surplus on revaluation
-
(5,100)
-
(5,100)
At 31 July 2025
2,863
14,552
7,319
24,734
Net book value
At 31 July 2025
-
20,441
1,990
22,431
At 31 July 2024
-
10,116
483
10,599
- 5 -
North East Electrical Ltd Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
6,308
6,834
Trade debtors
46,130
73,998
Other debtors
7,368
2,939
59,806
83,771
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
36,589
10,287
Taxes and social security
12,339
24,303
Other creditors
15,253
21,327
Loans from directors
21,751
24,262
Accruals
-
4,190
95,932
94,369
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
833
10,833
8
Average number of employees
During the year the average number of employees was 10 (2024: 7).
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