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Company Registration No. NI677565 (Northern Ireland)
CMC Fibre Ltd Unaudited accounts for the year ended 31 March 2024
CMC Fibre Ltd Unaudited accounts Contents
Page
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CMC Fibre Ltd Company Information for the year ended 31 March 2024
Director
Darren Connolly
Company Number
NI677565 (Northern Ireland)
Registered Office
4 Spinners Avenue The Rock Road Armagh County Armagh BT60 2PE Northern Ireland
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CMC Fibre Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
173,985 
Current assets
Debtors
94,795 
Cash at bank and in hand
8,002 
102,797 
Creditors: amounts falling due within one year
(113,768)
Net current liabilities
(10,971)
Net assets
163,014 
Capital and reserves
Called up share capital
100 
Profit and loss account
162,914 
Shareholders' funds
163,014 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 June 2024 and were signed on its behalf by
Darren Connolly Director Company Registration No. NI677565
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CMC Fibre Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
CMC Fibre Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI677565. The registered office is 4 Spinners Avenue, The Rock Road, Armagh, County Armagh, BT60 2PE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
42,966 
42,966 
Additions
85,108 
93,844 
178,952 
At 31 March 2024
85,108 
136,810 
221,918 
Depreciation
At 1 April 2023
- 
9,756 
9,756 
Charge for the year
12,766 
25,411 
38,177 
At 31 March 2024
12,766 
35,167 
47,933 
Net book value
At 31 March 2024
72,342 
101,643 
173,985 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
- Motor vehicles
66,291 
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CMC Fibre Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
9,128 
Other debtors
85,667 
94,795 
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
15,364 
Obligations under finance leases and hire purchase contracts
58,104 
Taxes and social security
5,306 
Loans from directors
20,545 
Accruals
14,449 
113,768 
7
Average number of employees
During the year the average number of employees was 1.
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