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REGISTERED NUMBER: 06872446 (England and Wales)















CLEEVE MATERIALS HANDLING LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2024






CLEEVE MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06872446)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEEVE MATERIALS HANDLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: L A Ashurst
R E Baker
A J Priestley





REGISTERED OFFICE: Sandall Stones Road
Kirk Sandall
Doncaster
South Yorkshire
DN3 1QR





REGISTERED NUMBER: 06872446 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

CLEEVE MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06872446)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 130 195
130 195

CURRENT ASSETS
Debtors 6 72,776 220,794
Cash at bank 251,407 152,298
324,183 373,092
CREDITORS
Amounts falling due within one year 7 506,385 588,046
NET CURRENT LIABILITIES (182,202 ) (214,954 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(182,072

)

(214,759

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (183,072 ) (215,759 )
(182,072 ) (214,759 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





R E Baker - Director


CLEEVE MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06872446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Cleeve Materials Handling 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.

Going Concern
After due consideration of all relevant factors, and the assurances received from other group members of ongoing support for a period of at least twelve months from the date of approval of these financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Related party exemption
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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and Straight line over 3 years

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.


CLEEVE MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06872446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 3,000
AMORTISATION
At 1 August 2023
and 31 July 2024 3,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

CLEEVE MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06872446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 21,980
DEPRECIATION
At 1 August 2023 21,785
Charge for year 65
At 31 July 2024 21,850
NET BOOK VALUE
At 31 July 2024 130
At 31 July 2023 195

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,864 60,857
Other debtors 69,912 159,937
72,776 220,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 256,152 27,890
Amounts owed to group undertakings 118,522 371,991
Taxation and social security 12,863 3,372
Other creditors 118,848 184,793
506,385 588,046

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Kelvin Fitton BA FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

CLEEVE MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06872446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. OTHER FINANCIAL COMMITMENTS

There is a cross guarantee and debenture in place between the company and the parent undertaking, Don Valley Engineering Group Limited and four other subsidiaries of the parent undertaking. Don Valley Engineering Company Limited, Don Valley Engineering Construction Limited, Don Valley Engineering Holdings Limited and Don Valley Materials Handling Limited dated 27 March 2019. At the balance sheet date there was a total indebtedness to the group's bankers of £978,827 (2023: £1,056,400). Against this debt, at the balance sheet date the group had total cash deposits with the group's bankers of £6,575,716 (2023: £4,230,599).

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Don Valley Engineering Group Limited, a private company, limited by shares, registered in England and Wales. The registered office is Sandall Stones Road, Kirk Sandall, Doncaster, DN3 1QR.