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Company No: 07767108 (England and Wales)

CURVIN TRANSPORT (POOLE) LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

CURVIN TRANSPORT (POOLE) LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

CURVIN TRANSPORT (POOLE) LIMITED

BALANCE SHEET

As at 31 August 2024
CURVIN TRANSPORT (POOLE) LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 767,711 521,740
Investments 4 33,120 33,120
800,831 554,860
Current assets
Debtors 5 865,908 949,770
Cash at bank and in hand 28,570 58,055
894,478 1,007,825
Creditors: amounts falling due within one year 6 ( 1,009,185) ( 988,367)
Net current (liabilities)/assets (114,707) 19,458
Total assets less current liabilities 686,124 574,318
Creditors: amounts falling due after more than one year 7 ( 263,603) ( 246,479)
Provision for liabilities ( 52,436) ( 60,000)
Net assets 370,085 267,839
Capital and reserves
Called-up share capital 3 3
Profit and loss account 370,082 267,836
Total shareholder's funds 370,085 267,839

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Curvin Transport (Poole) Limited (registered number: 07767108) were approved and authorised for issue by the Board of Directors on 14 April 2025. They were signed on its behalf by:

A E Trotter
Director
CURVIN TRANSPORT (POOLE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
CURVIN TRANSPORT (POOLE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Curvin Transport (Poole) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Alan's House 51 Holton Road, Holton Heath Trading Park, Poole, BH16 6LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 10 - 20 years straight line
Vehicles 10 - 20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 35 27

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 September 2023 463,655 648,248 1,111,903
Additions 74,375 385,811 460,186
Disposals ( 29,000) ( 79,858) ( 108,858)
At 31 August 2024 509,030 954,201 1,463,231
Accumulated depreciation
At 01 September 2023 348,025 242,138 590,163
Charge for the financial year 50,800 148,046 198,846
Disposals ( 25,609) ( 67,880) ( 93,489)
At 31 August 2024 373,216 322,304 695,520
Net book value
At 31 August 2024 135,814 631,897 767,711
At 31 August 2023 115,630 406,110 521,740

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 September 2023 33,120 33,120
At 31 August 2024 33,120 33,120
Carrying value at 31 August 2024 33,120 33,120
Carrying value at 31 August 2023 33,120 33,120

5. Debtors

2024 2023
£ £
Trade debtors 856,986 948,296
Other debtors 8,922 1,474
865,908 949,770

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 318,882 379,190
Other taxation and social security 165,514 172,253
Obligations under finance leases and hire purchase contracts (secured £228,565) 228,595 74,576
Other creditors 296,194 362,348
1,009,185 988,367

Hire purchase and finance leases due within 1 year £228,595 (2023: £74,576) are secured against the asset to which the finance commitment relates.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts (secured) 263,603 246,479

Hire purchase and finance leases due after 1 year £263,603 (2023: £246,479) are secured against the asset to which the finance commitment relates.

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 314,634 323,150

The above amounts are financial commitments not accounted for in the balance sheet.