IRIS Accounts Production v24.2.0.383 01181519 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model 'A' Ordinary 1.00000 'B' Ordinary 1.00000 'C' Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011815192022-12-31011815192023-12-31011815192023-01-012023-12-31011815192021-12-31011815192022-01-012022-12-31011815192022-12-3101181519ns15:EnglandWales2023-01-012023-12-3101181519ns14:PoundSterling2023-01-012023-12-3101181519ns10:Director12023-01-012023-12-3101181519ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101181519ns10:SmallEntities2023-01-012023-12-3101181519ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101181519ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101181519ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101181519ns10:FullAccounts2023-01-012023-12-3101181519ns10:OrdinaryShareClass12023-01-012023-12-3101181519ns10:OrdinaryShareClass22023-01-012023-12-3101181519ns10:OrdinaryShareClass32023-01-012023-12-3101181519ns10:Director22023-01-012023-12-3101181519ns10:Director32023-01-012023-12-3101181519ns10:RegisteredOffice2023-01-012023-12-3101181519ns5:CurrentFinancialInstruments2023-12-3101181519ns5:CurrentFinancialInstruments2022-12-3101181519ns5:Non-currentFinancialInstruments2023-12-3101181519ns5:Non-currentFinancialInstruments2022-12-3101181519ns5:ShareCapital2023-12-3101181519ns5:ShareCapital2022-12-3101181519ns5:RetainedEarningsAccumulatedLosses2023-12-3101181519ns5:RetainedEarningsAccumulatedLosses2022-12-3101181519ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3101181519ns5:LeaseholdImprovements2023-01-012023-12-3101181519ns5:PlantMachinery2023-01-012023-12-3101181519ns5:MotorVehicles2023-01-012023-12-3101181519ns5:LandBuildings2022-12-3101181519ns5:LeaseholdImprovements2022-12-3101181519ns5:PlantMachinery2022-12-3101181519ns5:MotorVehicles2022-12-3101181519ns5:LandBuildings2023-01-012023-12-3101181519ns5:LandBuildings2023-12-3101181519ns5:LeaseholdImprovements2023-12-3101181519ns5:PlantMachinery2023-12-3101181519ns5:MotorVehicles2023-12-3101181519ns5:LandBuildings2022-12-3101181519ns5:LeaseholdImprovements2022-12-3101181519ns5:PlantMachinery2022-12-3101181519ns5:MotorVehicles2022-12-3101181519ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3101181519ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3101181519ns5:LeasedAssetsHeldAsLessee2022-12-3101181519ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3101181519ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3101181519ns5:LeasedAssetsHeldAsLessee2023-12-3101181519ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3101181519ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3101181519ns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3101181519ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3101181519ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3101181519ns5:LeasedAssetsHeldAsLessee2022-12-3101181519ns5:CostValuation2022-12-3101181519ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101181519ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101181519ns5:DeferredTaxation2022-12-3101181519ns5:DeferredTaxation2023-12-3101181519ns10:OrdinaryShareClass12023-12-3101181519ns10:OrdinaryShareClass22023-12-3101181519ns10:OrdinaryShareClass32023-12-31
REGISTERED NUMBER: 01181519 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Clevestones Trans Limited

Clevestones Trans Limited (Registered number: 01181519)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clevestones Trans Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D L Swales
D A Swales
M J Swales





REGISTERED OFFICE: Old Durham Paper Mills
Moreland Street
HARTLEPOOL
Cleveland
TS24 7NL





REGISTERED NUMBER: 01181519 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Clevestones Trans Limited (Registered number: 01181519)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 958,897 1,070,287
Investments 5 200 200
Investment property 6 108,784 108,784
1,067,881 1,179,271

CURRENT ASSETS
Stocks 45,883 13,782
Debtors 7 383,495 346,528
Cash at bank and in hand 166,588 146,890
595,966 507,200
CREDITORS
Amounts falling due within one year 8 469,689 434,787
NET CURRENT ASSETS 126,277 72,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,194,158

1,251,684

CREDITORS
Amounts falling due after more than one
year

9

(26,000

)

(60,078

)

PROVISIONS FOR LIABILITIES 11 (81,821 ) (99,195 )
NET ASSETS 1,086,337 1,092,411

CAPITAL AND RESERVES
Called up share capital 12 462 462
Retained earnings 1,085,875 1,091,949
SHAREHOLDERS' FUNDS 1,086,337 1,092,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Clevestones Trans Limited (Registered number: 01181519)

Balance Sheet - continued
31 December 2023


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:





D L Swales - Director


Clevestones Trans Limited (Registered number: 01181519)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Clevestones Trans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

There was no material departures from that standard.

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.

Preparation of consolidated financial statements
The financial statements contain information about Clevestones Trans Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Turnover is recognised in the period in which it is receivable and to the extent the goods have been provided or, on completion of the service.

Government grants
Revenue based grants are credited to the profit and loss account when entitled. Capital based grants are accounted for using the accruals model and are credited to the profit and loss account over the useful life of the asset.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 15% on cost and 2% on cost
Improvements to property - 20% on cost and 2% on cost
Plant and machinery - 25% on reducing balance and 20% on cost
Motor vehicles - 25% on reducing balance

No depreciation is charged on freehold land.

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Clevestones Trans Limited (Registered number: 01181519)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 17 ) .

Clevestones Trans Limited (Registered number: 01181519)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 526,808 227,795 1,557,131 687,086 2,998,820
Additions - - 7,317 15,500 22,817
Disposals - - (340 ) (8,400 ) (8,740 )
At 31 December 2023 526,808 227,795 1,564,108 694,186 3,012,897
DEPRECIATION
At 1 January 2023 33,671 85,245 1,321,321 488,296 1,928,533
Charge for year 4,861 16,917 60,091 51,635 133,504
Eliminated on disposal - - (136 ) (7,901 ) (8,037 )
At 31 December 2023 38,532 102,162 1,381,276 532,030 2,054,000
NET BOOK VALUE
At 31 December 2023 488,276 125,633 182,832 162,156 958,897
At 31 December 2022 493,137 142,550 235,810 198,790 1,070,287

Included in cost of land and buildings is freehold land of £ 229,094 (2022 - £ 229,094 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 161,000 192,506 353,506
Transfer to ownership - (163,506 ) (163,506 )
At 31 December 2023 161,000 29,000 190,000
DEPRECIATION
At 1 January 2023 70,438 154,893 225,331
Charge for year 22,641 6,646 29,287
Transfer to ownership - (152,476 ) (152,476 )
At 31 December 2023 93,079 9,063 102,142
NET BOOK VALUE
At 31 December 2023 67,921 19,937 87,858
At 31 December 2022 90,562 37,613 128,175

Clevestones Trans Limited (Registered number: 01181519)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 200
NET BOOK VALUE
At 31 December 2023 200
At 31 December 2022 200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 108,784
NET BOOK VALUE
At 31 December 2023 108,784
At 31 December 2022 108,784

The investment property was valued on a fair value basis by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 304,654 276,290
Prepayments and accrued income 78,841 70,238
383,495 346,528

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 34,126 36,683
Trade creditors 120,469 104,341
Amounts owed to group undertakings 106,318 120,318
Taxation and social security 113,022 47,614
Directors' current accounts 52,765 78,564
Accruals and deferred income 42,989 47,267
469,689 434,787

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 26,000 60,078

Clevestones Trans Limited (Registered number: 01181519)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 60,126 96,761

Hire purchase contracts are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 81,821 99,195

Deferred
tax
£   
Balance at 1 January 2023 99,195
Accelerated capital allowances (17,374 )
Balance at 31 December 2023 81,821

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
201 'A' Ordinary £1 201 201
30 'B' Ordinary £1 30 30
231 'C' Ordinary £1 231 231
462 462

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or transactions conducted at market rate.

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2023 2022
£ £

Amounts due to directors 52,765 78,564
Amounts due to group undertakings 106,118 120,118

No interest has been charged.