Company registration number: SC084215
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
North Engineering Works Limited
Pages for filing with the Registrar
Company registration number: SC084215
North Engineering Works Limited
Balance sheet
as at 31 August 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 119,584 140,152
119,584 140,152
Current assets
Stocks 309,542 270,799
Debtors 5 358,593 377,409
Cash at bank and in hand 570,423 580,832
1,238,558 1,229,040
Creditors: amounts falling due within one
year 		6 (335,744) (433,773)
Net current assets 902,814 795,267
Total assets less current liabilities 1,022,398 935,419
NET ASSETS 1,022,398 935,419
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,022,298 935,319
TOTAL EQUITY 1,022,398 935,419
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC084215
North Engineering Works Limited
Balance sheet - continued
as at 31 August 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr P Cochrane, Director
29 April 2026
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North Engineering Works Limited
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
North Engineering Works Limited is a private company registered in Scotland. Its registered number is SC084215. The company is ********. Its registered office is Block 24, Kilspindie Road, Dundee, DD2 3QH.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
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North Engineering Works Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold Property - 4% straight line
Plant and machinery etc.:
Plant & machinery - 15% reducing balance
Motor vehicles - 25% 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 taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 20 (2024 - 20).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 September 2024 301,618 468,900 770,518
At 31 August 2025 301,618 468,900 770,518
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North Engineering Works Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
4 Tangible fixed assets - continued
Depreciation
At 1 September 2024 213,930 416,436 630,366
Charge for year 12,065 8,503 20,568
At 31 August 2025 225,995 424,939 650,934
Net book value
At 31 August 2025 75,623 43,961 119,584
At 31 August 2024 87,688 52,464 140,152
Cost or valuation at 31 August 2025 is represented by:
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Valuation in 2025 - - -
Cost 301,618 468,900 770,518
301,618 468,900 770,518
If Freehold Property had not been revalued, it would have been included at the following historical cost:
2025 2024
£ £
Cost 301,618 301,618
Accumulated depreciation 225,995 213,930
5 Debtors
2025 2024
£ £
Trade debtors 358,593 377,409
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North Engineering Works Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
6 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 87,591 218,465
Amounts owed to directors 90,711 62,025
Other creditors 52,740 34,735
Taxation 51,363 36,969
VAT payable 38,253 66,906
Social security and other tax 11,808 11,617
Accruals and deferred income 3,278 3,056
335,744 433,773
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