REGISTERED NUMBER: 07138888 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

NEDCO CONTRACTS (N.E) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B White

SECRETARY:

Mrs L White

REGISTERED OFFICE:

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

REGISTERED NUMBER:

07138888 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson Limited

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

133,648

145,663

CURRENT ASSETS

Stocks

36,000

38,150

Debtors

5

82,004

116,931

118,004

155,081

CREDITORS

Amounts falling due within one year

6

170,656

239,118

NET CURRENT LIABILITIES

(52,652

)

(84,037

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,996

61,626

CREDITORS

Amounts falling due after more than one year

7

-

(1,193

)

PROVISIONS FOR LIABILITIES

(17,094

)

(19,011

)

NET ASSETS

63,902

41,422

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

62,758

66,701

Retained earnings

1,044

(25,379

)

SHAREHOLDERS' FUNDS

63,902

41,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2026 and were signed by:

B White - Director

1.	STATUTORY INFORMATION

Nedco Contracts (N.E) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Grants related to expenditure on tangible assets are credited to the profit and loss account over a period approximating to the lives of the qualifying assets. The grants shown in the balance sheet as deferred income consists of the total grants receivable to date less the amounts so far credited to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 May 2025

and 30 April 2026

200,000

241,758

7,500

12,352

461,610

DEPRECIATION

At 1 May 2025

68,055

228,730

7,500

11,662

315,947

Charge for year

8,000

3,684

-

331

12,015

At 30 April 2026

76,055

232,414

7,500

11,993

327,962

NET BOOK VALUE

At 30 April 2026

123,945

9,344

-

359

133,648

At 30 April 2025

131,945

13,028

-

690

145,663

Cost or valuation at 30 April 2026 is represented by:

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2018

121,686

-

-

-

121,686

Cost

78,314

241,758

7,500

12,352

339,924

200,000

241,758

7,500

12,352

461,610

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

30/4/26

30/4/25

£

£

Cost

78,314

78,314

Aggregate depreciation

13,052

13,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

£

Trade debtors

35,707

63,292

Other debtors

46,297

53,639

82,004

116,931

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/26

30/4/25

£

£

Bank loans and overdrafts

23,836

162,208

Trade creditors

88,022

60,818

Taxation and social security

21,701

11,462

Other creditors

37,097

4,630

170,656

239,118

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/26

30/4/25

£

£

Bank loans

-

1,193

8.	SECURED DEBTS

The following secured debts are included within creditors:

30/4/26

30/4/25

£

£

Bank overdrafts

22,791

149,988

The bank overdraft is secured by a debenture over all of the company assets.

9.

RESERVES

Revaluation

reserve

£

At 1 May 2025

66,701

Revaluation Reserve movement

(3,943

)

At 30 April 2026

62,758