NORTH EAST PROVISIONS LIMITED - Filleted accounts

Registered number

12648182

NORTH EAST PROVISIONS LIMITED

Filleted Accounts

30 June 2025

NORTH EAST PROVISIONS LIMITED
Registered number:		12648182
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		9,473			6,622

Current assets
Stocks		20,000			30,000
Debtors	4	11,836			11,417
Cash at bank and in hand		4,395			2,355
		36,231			43,772

Creditors: amounts falling due within one year	5	(35,869)			(49,048)

Net current assets/(liabilities)			362			(5,276)

Total assets less current liabilities			9,835			1,346


Provisions for liabilities			(2,368)			-


Net assets			7,467			1,346

Capital and reserves
Called up share capital			1			1
Profit and loss account			7,466			1,345

Shareholder's funds			7,467			1,346

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C Davidson
Director
Approved by the board on 22 April 2026

NORTH EAST PROVISIONS LIMITED
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at the following rates

	Motor Vehicles			25 % reducing balance
	Plant and machinery			15 % reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 July 2024			1,636		8,300		9,936
	Additions			-		5,000		5,000
	Disposals			-		(1,300)		(1,300)
	At 30 June 2025			1,636		12,000		13,636

	Depreciation
	At 1 July 2024			394		2,920		3,314
	Charge for the year			186		1,410		1,596
	On disposals			-		(747)		(747)
	At 30 June 2025			580		3,583		4,163

	Net book value
	At 30 June 2025			1,056		8,417		9,473
	At 30 June 2024			1,242		5,380		6,622


4	Debtors					2025		2024
£							£

	Trade debtors					9,551		10,182
	Other debtors					2,285		1,235
						11,836		11,417


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					34,124		37,018
	Taxation and social security costs					1,205		-
	Other creditors					540		12,030
						35,869		49,048


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	C Davidson
	Directors loan account	12,030		(18,302)		6,812		540

		12,030		(18,302)		6,812		540


7	Other information

	NORTH EAST PROVISIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	4 High Street
	Stanley
	Co Durham
	DH9 0DQ