2023-04-012024-03-312024-03-31false05617453CMC NORTH EAST LTD2024-11-15iso4217:GBPxbrli:pure056174532023-04-01056174532024-03-31056174532023-04-012024-03-31056174532022-04-01056174532023-03-31056174532022-04-012023-03-3105617453bus:SmallEntities2023-04-012024-03-3105617453bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3105617453bus:FullAccounts2023-04-012024-03-3105617453bus:PrivateLimitedCompanyLtd2023-04-012024-03-3105617453core:WithinOneYear2024-03-3105617453core:AfterOneYear2024-03-3105617453core:WithinOneYear2023-03-3105617453core:AfterOneYear2023-03-3105617453core:ShareCapital2024-03-3105617453core:SharePremium2024-03-3105617453core:RevaluationReserve2024-03-3105617453core:OtherReservesSubtotal2024-03-3105617453core:RetainedEarningsAccumulatedLosses2024-03-3105617453core:ShareCapital2023-03-3105617453core:SharePremium2023-03-3105617453core:RevaluationReserve2023-03-3105617453core:OtherReservesSubtotal2023-03-3105617453core:RetainedEarningsAccumulatedLosses2023-03-3105617453core:LandBuildings2024-03-3105617453core:PlantMachinery2024-03-3105617453core:Vehicles2024-03-3105617453core:FurnitureFittings2024-03-3105617453core:OfficeEquipment2024-03-3105617453core:NetGoodwill2024-03-3105617453core:IntangibleAssetsOtherThanGoodwill2024-03-3105617453core:ListedExchangeTraded2024-03-3105617453core:UnlistedNon-exchangeTraded2024-03-3105617453core:LandBuildings2023-03-3105617453core:PlantMachinery2023-03-3105617453core:Vehicles2023-03-3105617453core:FurnitureFittings2023-03-3105617453core:OfficeEquipment2023-03-3105617453core:NetGoodwill2023-03-3105617453core:IntangibleAssetsOtherThanGoodwill2023-03-3105617453core:ListedExchangeTraded2023-03-3105617453core:UnlistedNon-exchangeTraded2023-03-3105617453core:LandBuildings2023-04-012024-03-3105617453core:PlantMachinery2023-04-012024-03-3105617453core:Vehicles2023-04-012024-03-3105617453core:FurnitureFittings2023-04-012024-03-3105617453core:OfficeEquipment2023-04-012024-03-3105617453core:NetGoodwill2023-04-012024-03-3105617453core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105617453core:ListedExchangeTraded2023-04-012024-03-3105617453core:UnlistedNon-exchangeTraded2023-04-012024-03-3105617453core:MoreThanFiveYears2023-04-012024-03-3105617453core:Non-currentFinancialInstruments2024-03-3105617453core:Non-currentFinancialInstruments2023-03-3105617453dpl:CostSales2023-04-012024-03-3105617453dpl:DistributionCosts2023-04-012024-03-3105617453core:LandBuildings2023-04-012024-03-3105617453core:PlantMachinery2023-04-012024-03-3105617453core:Vehicles2023-04-012024-03-3105617453core:FurnitureFittings2023-04-012024-03-3105617453core:OfficeEquipment2023-04-012024-03-3105617453dpl:AdministrativeExpenses2023-04-012024-03-3105617453core:NetGoodwill2023-04-012024-03-3105617453core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3105617453dpl:GroupUndertakings2023-04-012024-03-3105617453dpl:ParticipatingInterests2023-04-012024-03-3105617453dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3105617453core:ListedExchangeTraded2023-04-012024-03-3105617453dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3105617453core:UnlistedNon-exchangeTraded2023-04-012024-03-3105617453dpl:CostSales2022-04-012023-03-3105617453dpl:DistributionCosts2022-04-012023-03-3105617453core:LandBuildings2022-04-012023-03-3105617453core:PlantMachinery2022-04-012023-03-3105617453core:Vehicles2022-04-012023-03-3105617453core:FurnitureFittings2022-04-012023-03-3105617453core:OfficeEquipment2022-04-012023-03-3105617453dpl:AdministrativeExpenses2022-04-012023-03-3105617453core:NetGoodwill2022-04-012023-03-3105617453core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105617453dpl:GroupUndertakings2022-04-012023-03-3105617453dpl:ParticipatingInterests2022-04-012023-03-3105617453dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3105617453core:ListedExchangeTraded2022-04-012023-03-3105617453dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3105617453core:UnlistedNon-exchangeTraded2022-04-012023-03-3105617453core:NetGoodwill2024-03-3105617453core:IntangibleAssetsOtherThanGoodwill2024-03-3105617453core:LandBuildings2024-03-3105617453core:PlantMachinery2024-03-3105617453core:Vehicles2024-03-3105617453core:FurnitureFittings2024-03-3105617453core:OfficeEquipment2024-03-3105617453core:AfterOneYear2024-03-3105617453core:WithinOneYear2024-03-3105617453core:ListedExchangeTraded2024-03-3105617453core:UnlistedNon-exchangeTraded2024-03-3105617453core:ShareCapital2024-03-3105617453core:SharePremium2024-03-3105617453core:RevaluationReserve2024-03-3105617453core:OtherReservesSubtotal2024-03-3105617453core:RetainedEarningsAccumulatedLosses2024-03-3105617453core:NetGoodwill2023-03-3105617453core:IntangibleAssetsOtherThanGoodwill2023-03-3105617453core:LandBuildings2023-03-3105617453core:PlantMachinery2023-03-3105617453core:Vehicles2023-03-3105617453core:FurnitureFittings2023-03-3105617453core:OfficeEquipment2023-03-3105617453core:AfterOneYear2023-03-3105617453core:WithinOneYear2023-03-3105617453core:ListedExchange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CMC NORTH EAST LTD

Registered Number
05617453
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

CMC NORTH EAST LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

HOLMES, David John

Registered Address

21 Saltmeadows Road East Gateshead Industrial Estate
Gateshead
NE8 3AH

Registered Number

05617453 (England and Wales)
CMC NORTH EAST LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets446,72646,107
46,72646,107
Current assets
Stocks5517,110758,858
Debtors1,160,887988,281
Cash at bank and on hand155,74946,312
1,833,7461,793,451
Creditors amounts falling due within one year6(1,455,954)(1,400,710)
Net current assets (liabilities)377,792392,741
Total assets less current liabilities424,518438,848
Creditors amounts falling due after one year7(11,667)(43,251)
Net assets412,851395,597
Capital and reserves
Called up share capital190190
Profit and loss account412,661395,407
Shareholders' funds412,851395,597
The financial statements were approved and authorised for issue by the Director on 15 November 2024, and are signed on its behalf by:
HOLMES, David John
Director
Registered Company No. 05617453
CMC NORTH EAST LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Land and buildings3
Plant and machinery5
Vehicles3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year1817
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2390,06090,060
At 31 March 2490,06090,060
Amortisation and impairment
At 01 April 2390,06090,060
At 31 March 2490,06090,060
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 April 239,152107,08050,850167,082
Additions8,800-9,00017,800
At 31 March 2417,952107,08059,850184,882
Depreciation and impairment
At 01 April 234,06666,05950,850120,975
Charge for year5,6909,4912,00017,181
At 31 March 249,75675,55052,850138,156
Net book value
At 31 March 248,19631,5307,00046,726
At 31 March 235,08641,021-46,107
5.Stocks

2024

2023

££
Other stocks517,110758,858
Total517,110758,858
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables599,508670,044
Bank borrowings and overdrafts737,568609,751
Amounts owed to related parties41,99629,997
Taxation and social security61,75780,887
Other creditors2,4742,851
Accrued liabilities and deferred income12,6517,180
Total1,455,9541,400,710
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,66743,251
Total11,66743,251
8.Off-balance sheet arrangements
The company has an invoicing finance facility with Ultimate Finance Limited and the facility is secured against an all assets debenture given by the company and comprising fixed and floating charges over the whole or substantially the whole of the business, assets and undertaking.
9.Related party transactions
The following inter-company loans existed at the end of the accounting period, all amounts were owed to CMC North East Ltd by the companies listed: First Fix Plastics Ltd £178,701 Firstlite (UK) Ltd £8,290 First Fix Management Ltd £73,647 First Fix Plastics Ltd is a related party because the director D Holmes is also director of this company and has significant control over both companies. Firstlite (UK) Ltd is a related party because the director D Holmes is also director of this company and has significant control over both companies. First Fix Management Ltd is a related party because the director D Holmes is also a director of this company and has significant control over both companies. At the end of the accounting period the company owed the director D Holmes £42,000.