Compact For Race Equality In South Tyneside Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 09978156

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		36,786		1,144

			36,786		1,144
CURRENT ASSETS
Debtors	5	46,913		9,992
Cash at bank and in hand		57,329		54,885

		104,242		64,877
Creditors: Amounts Falling Due Within One Year	6	(6,626 )		(11,662 )

NET CURRENT ASSETS (LIABILITIES)			97,616		53,215

TOTAL ASSETS LESS CURRENT LIABILITIES			134,402		54,359

NET ASSETS			134,402		54,359

Income and Expenditure Account			134,402		54,359

MEMBERS' FUNDS			134,402		54,359

For the year ending 31 March 2025 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr Noor Ahmed

Director

17/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Compact For Race Equality In South Tyneside Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 09978156 . The registered office is 95 Fowler Street, South Shields, NE33 1NU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: )

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	-	27,433	12,885	40,318
Additions	28,953	230	9,771	38,954

As at 31 March 2025	28,953	27,663	22,656	79,272

Depreciation
As at 1 April 2024	-	26,289	12,885	39,174
Provided during the period	1,810	344	1,158	3,312

As at 31 March 2025	1,810	26,633	14,043	42,486

Net Book Value
As at 31 March 2025	27,143	1,030	8,613	36,786

As at 1 April 2024	-	1,144	-	1,144

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Compact For Race Equality In South Tyneside Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	45,131	9,000
Other debtors	1,782	992

	46,913	9,992

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	800
Other creditors	6,481	10,862
Taxation and social security	145	-

	6,626	11,662

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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