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REGISTERED NUMBER: 01148710 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CEE VEE ENGINEERING LIMITED

CEE VEE ENGINEERING LIMITED (REGISTERED NUMBER: 01148710)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CEE VEE ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S P Cole
R J W Cole





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





BUSINESS ADDRESS: Unit 2
Cuibitt Way
Churchfields Industrial Estate
St Leonards-on-sea
East Sussex
TN38 9SU





REGISTERED NUMBER: 01148710 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

CEE VEE ENGINEERING LIMITED (REGISTERED NUMBER: 01148710)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,560 58,400

CURRENT ASSETS
Stocks 18,000 38,800
Debtors 5 59,108 84,137
Cash at bank 22,269 -
99,377 122,937
CREDITORS
Amounts falling due within one year 64,761 87,858
NET CURRENT ASSETS 34,616 35,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,176

93,479

CREDITORS
Amounts falling due after more than one
year

6

(27,799

)

(33,752

)

PROVISIONS FOR LIABILITIES 8 (13,140 ) (14,600 )
NET ASSETS 46,237 45,127

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Revaluation reserve 9 39,420 43,800
Retained earnings 5,815 325
SHAREHOLDERS' FUNDS 46,237 45,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

CEE VEE ENGINEERING LIMITED (REGISTERED NUMBER: 01148710)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2025 and were signed on its behalf by:





S P Cole - Director


CEE VEE ENGINEERING LIMITED (REGISTERED NUMBER: 01148710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Cee Vee Engineering 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 as modified by the revaluation of certain assets.

Changes in accounting policies
Plant & machinery is now measured at valuation. See notes to financial statements.

Turnover
Turnover is recognized at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade and settlement discounts.

Revenue from the sale of goods is recognised when the significant risks and regards of ownership of the goods have passed to the buyer.

Revenue from contracts for the provision of services is recognized by reference to the state of completion. Unbilled income on individual client assignments is included within amounts recoverable on contracts within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 3 years
Plant & machinery - 25% on reducing balance
Computer equipment - Over 3 years

Plant & machinery is now measured at valuation. See notes to financial statements.

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.

CEE VEE ENGINEERING LIMITED (REGISTERED NUMBER: 01148710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 60,522
DEPRECIATION
At 1 October 2023 2,122
Charge for year 5,840
At 30 September 2024 7,962
NET BOOK VALUE
At 30 September 2024 52,560
At 30 September 2023 58,400

Cost or valuation at 30 September 2024 is represented by:

Totals
£   
Valuation in 2023 (30,588 )
Cost 91,110
60,522

If plant and machinery had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 88,988 88,988
Aggregate depreciation 88,988 88,988

Plant and machinery were valued on an open market basis on 30 September 2023 by Emco Industrial Ltd & Dugard .

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 3,000 3,000

CEE VEE ENGINEERING LIMITED (REGISTERED NUMBER: 01148710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 3,974 9,927

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 12,000 12,000
Between one and five years 22,000 34,000
34,000 46,000

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Movement on fair value reserve 13,140 14,600

Deferred
tax
£   
Balance at 1 October 2023 14,600
Fair value reserve (1,460 )
Balance at 30 September 2024 13,140

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023 43,800
Revaluation reserve (4,380 )

At 30 September 2024 39,420