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REGISTERED NUMBER: 06999542 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Cummings and Pattison (North East)
Limited

Cummings and Pattison (North East)
Limited (Registered number: 06999542)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cummings and Pattison (North East)
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: I Wilson
B Wardle





REGISTERED OFFICE: Unit 6A
Pearsons Industrial Estate
Colliery Lane
Hetton Le Hole
Tyne and Wear
DH5 0BG





REGISTERED NUMBER: 06999542 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
21 Sherburn Terrace
Consett
Co. Durham
DH8 6ND

Cummings and Pattison (North East)
Limited (Registered number: 06999542)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 116,250 121,119
116,250 121,119

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 168,582 125,404
Cash at bank and in hand 46,713 102,696
217,795 230,600
CREDITORS
Amounts falling due within one year 6 (92,535 ) (91,103 )
NET CURRENT ASSETS 125,260 139,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,510

260,616

CREDITORS
Amounts falling due after more than one year 7 (10,667 ) (18,667 )

PROVISIONS FOR LIABILITIES (1,526 ) (2,451 )
NET ASSETS 229,317 239,498

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 229,315 239,496
229,317 239,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Cummings and Pattison (North East)
Limited (Registered number: 06999542)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:




B Wardle - Director



I Wilson - Director


Cummings and Pattison (North East)
Limited (Registered number: 06999542)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. 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.

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

Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cummings and Pattison (North East)
Limited (Registered number: 06999542)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

1. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 1,371
AMORTISATION
At 1 February 2023
and 31 January 2024 1,371
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 101,777 33,227 26,650 824 162,478
DEPRECIATION
At 1 February 2023 - 30,913 9,664 782 41,359
Charge for year - 579 4,248 42 4,869
At 31 January 2024 - 31,492 13,912 824 46,228
NET BOOK VALUE
At 31 January 2024 101,777 1,735 12,738 - 116,250
At 31 January 2023 101,777 2,314 16,986 42 121,119

Cummings and Pattison (North East)
Limited (Registered number: 06999542)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 245 6,842
Amounts recoverable on contract 163,036 118,562
Prepayments and accrued income 5,301 -
168,582 125,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 8,000
Trade creditors 9,824 14,883
Taxation and social security 24,267 33,984
Other creditors 47,796 34,236
92,535 91,103

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,667 18,667