CMC NORTH EAST LTD


Director	HOLMES, David John


Registered Address	21 Saltmeadows Road East Gateshead Industrial Estate
	Gateshead
	NE8 3AH


Registered Number	05617453 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	5		31,303		46,726
			31,303		46,726
Current assets
Stocks	6	436,189		479,213
Debtors	7	1,087,995		1,160,853
Cash at bank and on hand		138,168		155,749
		1,662,352		1,795,815
Creditors amounts falling due within one year	8	(1,374,169)		(1,447,139)
Net current assets (liabilities)			288,183		348,676
Total assets less current liabilities			319,486		395,402
Creditors amounts falling due after one year	9		(1,704)		(11,667)
Net assets			317,782		383,735
Capital and reserves
Called up share capital			190		190
Profit and loss account			317,592		383,545
Shareholders' funds			317,782		383,735

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 24 November 2025, 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 2025

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.

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.

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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:

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 buildings	3
	Plant and machinery	5
	Vehicles	3

	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.

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


		2025		2024
	Average number of employees during the year	17		18

3.	Prior period adjustment
	A prior period adjustment was made in respect of a stock overstatement on the March 2023 prior year accounts. The 2024 comparative figures have been restated in respect of the overstatement with an adjustment made via profit reserves of £37,897, along with a reduction in 2024 corporation tax of £8781, for an overall reduction of £29,116 from brought forward reserves.

4.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	90,060	90,060
At 31 March 25	90,060	90,060
Amortisation and impairment
At 01 April 24	90,060	90,060
At 31 March 25	90,060	90,060
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	17,952	107,080	59,850	184,882
Additions	-	5,938	-	5,938
At 31 March 25	17,952	113,018	59,850	190,820
Depreciation and impairment
At 01 April 24	9,757	75,549	52,850	138,156
Charge for year	5,201	13,160	3,000	21,361
At 31 March 25	14,958	88,709	55,850	159,517
Net book value
At 31 March 25	2,994	24,309	4,000	31,303
At 31 March 24	8,195	31,531	7,000	46,726

6.	Stocks

	2025	2024
	£	£
Other stocks	436,189	479,213
Total	436,189	479,213

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	786,608	874,370
Amounts owed by group undertakings	227,271	260,640
Other debtors	-	22
Prepayments and accrued income	74,116	25,821
Total	1,087,995	1,160,853

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	770,884	599,508
Bank borrowings and overdrafts	532,083	737,568
Amounts owed to related parties	2	41,996
Taxation and social security	45,635	52,942
Other creditors	2,223	2,474
Accrued liabilities and deferred income	23,342	12,651
Total	1,374,169	1,447,139

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,704	11,667
Total	1,704	11,667

10.	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.

11.	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 £227,270 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.