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REGISTERED NUMBER: SC686385 (Scotland)




















CMC CLIMATE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






CMC CLIMATE LTD (REGISTERED NUMBER: SC686385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

CMC CLIMATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: I W Clark
A I Mooney
E I Clark





REGISTERED OFFICE: Unit 2, 785 Old Edinburgh Road
Viewpark
Bellshill
ML4 3HN





REGISTERED NUMBER: SC686385 (Scotland)





ACCOUNTANTS: JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD

CMC CLIMATE LTD (REGISTERED NUMBER: SC686385)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 225,463 137,704

CURRENT ASSETS
Stocks 11,746 3,246
Debtors 5 433,255 324,982
Cash at bank and in hand 495,781 425,243
940,782 753,471
CREDITORS
Amounts falling due within one year 6 402,984 257,772
NET CURRENT ASSETS 537,798 495,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

763,261

633,403

CREDITORS
Amounts falling due after more than one
year

7

(6,605

)

(4,367

)

PROVISIONS FOR LIABILITIES 10 (56,366 ) (27,541 )
NET ASSETS 700,290 601,495

CAPITAL AND RESERVES
Called up share capital 11 834 834
Retained earnings 699,456 600,661
SHAREHOLDERS' FUNDS 700,290 601,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





I W Clark - Director


CMC CLIMATE LTD (REGISTERED NUMBER: SC686385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

CMC Climate Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and short term 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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

CMC CLIMATE LTD (REGISTERED NUMBER: SC686385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 18,534 3,674 139,310 19,361 180,879
Additions 6,346 934 160,099 15,464 182,843
Disposals - - (61,669 ) - (61,669 )
At 31 May 2024 24,880 4,608 237,740 34,825 302,053
DEPRECIATION
At 1 June 2023 4,653 958 32,207 5,357 43,175
Charge for year 4,609 826 45,562 7,420 58,417
Eliminated on disposal - - (25,002 ) - (25,002 )
At 31 May 2024 9,262 1,784 52,767 12,777 76,590
NET BOOK VALUE
At 31 May 2024 15,618 2,824 184,973 22,048 225,463
At 31 May 2023 13,881 2,716 107,103 14,004 137,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 381,800 273,207
Other debtors 13,120 34,837
Prepayments and accrued income 38,335 16,938
433,255 324,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 18,672 4,861
Trade creditors 151,997 43,874
Corporation tax 111,581 138,585
Social security and other taxes 12,077 11,084
VAT 72,124 51,872
Other creditors 28,908 6,580
Accrued charges 7,625 916
402,984 257,772

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 6,605 4,367

CMC CLIMATE LTD (REGISTERED NUMBER: SC686385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 18,672 4,861
Between one and five years 6,605 4,367
25,277 9,228

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 18,218
Between one and five years - 18,100
- 36,318

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 25,277 9,228

The hire purchase liabilities are secured over the assets to which the contracts relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 56,366 27,541

Deferred
tax
£   
Balance at 1 June 2023 27,541
Provided during year 28,825
Balance at 31 May 2024 56,366

The provision for deferred tax consists of the tax effect of timing differences in respect of the excess of taxation allowances over depreciation on fixed assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
834 Ordinary £1 834 834

12. RELATED PARTY DISCLOSURES

During the year the company received repayments of loans totalling £15,000 from CMC Fire & Security Limited. The amount outstanding at the balance sheet date is £10,000 (2023 - £25,000) . The loan is included within Other Debtors. Mr I Clark is a director of both CMC Fire & Security Ltd and CMC Climate Ltd.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CMC CLIMATE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CMC Climate Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of CMC Climate Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CMC Climate Ltd and state those matters that we have agreed to state to the Board of Directors of CMC Climate Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CMC Climate Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CMC Climate Ltd. You consider that CMC Climate Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CMC Climate Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JCWallace & Co
Chartered Certified Accountants
1875 Great Western Road
Glasgow
G13 2YD


12 August 2024