North East Executive Limited - Filleted accounts

Registered number

07110322

North East Executive Limited

Report and Accounts

28 February 2026

North East Executive Limited
Registered number:		07110322
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		412,041			540,520

Current assets
Stocks		1,689			1,555
Debtors	4	125,103			130,838
Cash at bank and in hand		8,483			104,809
		135,275			237,202

Creditors: amounts falling due within one year	5	(277,322)			(424,607)

Net current liabilities			(142,047)			(187,405)

Total assets less current liabilities			269,994			353,115

Creditors: amounts falling due after more than one year	6		-			(7,269)



Net assets			269,994			345,846

Capital and reserves
Called up share capital			100			100
Profit and loss account			269,894			345,746

Shareholders' funds			269,994			345,846

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.











Maharban Khan
Director
Approved by the board on 3 September 2026

North East Executive Limited
Notes to the Accounts
for the year ended 28 February 2026


	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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, other than leasehold property, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Improvements to property			Not provided
	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.


1	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					12		14







2	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 March 2025							63,000
	At 28 February 2026							63,000

	Amortisation
	At 1 March 2025							63,000
	At 28 February 2026							63,000

	Net book value
	At 28 February 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.




3	Tangible fixed assets
		Leasehold improvements		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2025	45,948		215,769		1,209,735		1,471,452
	Additions	-		500		11,036		11,536
	Disposals	-		-		(110,549)		(110,549)
	At 28 February 2026	45,948		216,269		1,110,222		1,372,439

	Depreciation
	At 1 March 2025	-		170,817		760,115		930,932
	Charge for the year	-		11,374		110,658		122,032
	On disposals	-		-		(92,566)		(92,566)
	At 28 February 2026	-		182,191		778,207		960,398

	Net book value
	At 28 February 2026	45,948		34,078		332,015		412,041
	At 28 February 2025	45,948		44,952		449,620		540,520


4	Debtors					2026		2025
£							£

	Trade debtors					57,001		67,048
	Deferred tax asset					56,352		52,040
	Prepayments					11,750		11,750
						125,103		130,838


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					41,786		9,794
	Obligations under finance lease and hire purchase contracts					4,667		28,000
	Trade creditors					3,705		4,749
	Other taxes and social security costs					125,998		148,799
	Accruals					26,269		21,242
	Other creditors including director's loan accounts					74,897		212,023
						277,322		424,607










6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		2,602
	Obligations under finance lease and hire purchase contracts					-		4,667
						-		7,269



7	Other information

	North East Executive Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2A Stephenson Street
	Thornaby
	Stockton-on-Tees
	Cleveland
	TS17 6AL