REGISTERED NUMBER: 06999542 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Cummings and Pattison (North East)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

Fixed assets

Intangible assets

3

-

-

Tangible assets

4

115,458

116,250

115,458

116,250

Current assets

Stocks

2,500

2,500

Debtors

5

136,978

168,582

Cash at bank and in hand

75,776

46,713

215,254

217,795

Creditors

Amounts falling due within one year

6

(64,177

)

(92,535

)

Net current assets

151,077

125,260

Total assets less current liabilities

266,535

241,510

Creditors

Amounts falling due after more than one year

7

(2,666

)

(10,667

)

Provisions for liabilities

(1,053

)

(1,526

)

Net assets

262,816

229,317

Capital and reserves

Called up share capital

2

2

Retained earnings

8

262,814

229,315

262,816

229,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 4 September 2025 and were signed on its behalf by:

B Wardle - Director

I Wilson - Director

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 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.

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 13 (2024 - 14 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

1,371

AMORTISATION

At 1 February 2024

and 31 January 2025

1,371

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

101,777

33,227

26,650

824

162,478

Additions

-

550

2,600

794

3,944

Disposals

-

-

(3,150

)

-

(3,150

)

At 31 January 2025

101,777

33,777

26,100

1,618

163,272

DEPRECIATION

At 1 February 2024

-

31,492

13,912

824

46,228

Charge for year

-

572

3,710

173

4,455

Eliminated on disposal

-

-

(2,869

)

-

(2,869

)

At 31 January 2025

-

32,064

14,753

997

47,814

NET BOOK VALUE

At 31 January 2025

101,777

1,713

11,347

621

115,458

At 31 January 2024

101,777

1,735

12,738

-

116,250

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

36,005

46,401

Bad debt provision

(1,480

)

(46,156

)

Amounts recoverable on contract

102,453

163,036

VAT

-

5,301

136,978

168,582

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,000

10,648

Trade creditors

10,658

9,824

Corporation tax

17,746

17,254

Wages Control Account

4,983

-

Social security and other tax

6,489

6,616

Pension Liability

1,672

397

VAT

7,473

-

Directors' loan accounts

1,969

42,736

Accrued expenses

5,187

5,060

64,177

92,535

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,666

10,667

8.

RESERVES

Retained

earnings

£

At 1 February 2024

229,315

Profit for the year

61,099

Dividends

(27,600

)

At 31 January 2025

262,814