Registered number
02786595
CEVaC Limited
Filleted Abridged Accounts
31 May 2024
CEVaC Limited
Registered number: 02786595
Abridged Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 71,458 71,209
Current assets
Stocks 661,332 698,798
Debtors 291,872 269,532
Cash at bank and in hand 163,286 181,703
1,116,490 1,150,033
Creditors: amounts falling due within one year (485,558) (452,024)
Net current assets 630,932 698,009
Total assets less current liabilities 702,390 769,218
Provisions for liabilities (16,316) (16,172)
Net assets 686,074 753,046
Capital and reserves
Called up share capital 5 1,000 1,000
Profit and loss account 685,074 752,046
Shareholders' funds 686,074 753,046
Continued
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
R J Pratt
Director
Approved by the board on 25 February 2025
CEVaC Limited
Notes to the Abridged Accounts
for the year ended 31 May 2024
1 Summary of significant accounting policies
Basis of preparation
The abridged accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to Companies subject to the small companies regime).

The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a 100% basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 25 % reducing balance basis
Motor vehicles 25 % straight line basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Employee benefits
When employees have rendered service to the company, short term employees benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 1
At 31 May 2024 1
Amortisation
At 1 June 2023 1
At 31 May 2024 1
Net book value
At 31 May 2024 -
Goodwill, being the amount paid in connection with the acquisition of a business in the year ended 31 May 2007, has been written off in the year of acquisition.
4 Tangible fixed assets
Total
£
Cost
At 1 June 2023 124,890
Additions 7,868
Disposals (1,473)
At 31 May 2024 131,285
Depreciation
At 1 June 2023 53,681
Charge for the year 7,222
On disposals (1,076)
At 31 May 2024 59,827
Net book value
At 31 May 2024 71,458
At 31 May 2023 71,209
5 Share Capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid
Ordinary shares £1 each 1,000 1,000 1,000
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 394,500 435,141
7 Related party transactions
During the year various amounts were lent by the directors to the company. Interest of 5 % above the bank base rate, with a minimum of 6 % has been incurred on these amounts. At the end of the year £201,753 (2023 - £281,901) was included in creditors.
8 Other information
CEVaC Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit J
Daux Road
Billingshurst
West Sussex
RH14 9SJ
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