IRIS Accounts Production v25.1.0.734 01977107 director 1.1.24 31.12.24 31.12.24 6.5.25 false true false false true false Auditors Opinion Ordinary 10.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019771072023-12-31019771072024-12-31019771072024-01-012024-12-31019771072022-12-31019771072023-01-012023-12-31019771072023-12-3101977107ns15:EnglandWales2024-01-012024-12-3101977107ns14:PoundSterling2024-01-012024-12-3101977107ns10:Director12024-01-012024-12-3101977107ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101977107ns10:SmallEntities2024-01-012024-12-3101977107ns10:Audited2024-01-012024-12-3101977107ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101977107ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101977107ns10:FullAccounts2024-01-012024-12-3101977107ns10:OrdinaryShareClass12024-01-012024-12-3101977107ns10:RegisteredOffice2024-01-012024-12-3101977107ns5:CurrentFinancialInstruments2024-12-3101977107ns5:CurrentFinancialInstruments2023-12-3101977107ns5:ShareCapital2024-12-3101977107ns5:ShareCapital2023-12-3101977107ns5:RetainedEarningsAccumulatedLosses2024-12-3101977107ns5:RetainedEarningsAccumulatedLosses2023-12-3101977107ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3101977107ns5:PlantMachinery2024-01-012024-12-3101977107ns5:FurnitureFittings2024-01-012024-12-3101977107ns5:ComputerEquipment2024-01-012024-12-3101977107ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3101977107ns5:LeaseholdImprovements2023-12-3101977107ns5:PlantMachinery2023-12-3101977107ns5:LeaseholdImprovements2024-01-012024-12-3101977107ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3101977107ns5:LeaseholdImprovements2024-12-3101977107ns5:PlantMachinery2024-12-3101977107ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3101977107ns5:LeaseholdImprovements2023-12-3101977107ns5:PlantMachinery2023-12-3101977107ns5:FurnitureFittings2023-12-3101977107ns5:ComputerEquipment2023-12-3101977107ns5:FurnitureFittings2024-12-3101977107ns5:ComputerEquipment2024-12-3101977107ns5:FurnitureFittings2023-12-3101977107ns5:ComputerEquipment2023-12-3101977107ns5:TaxLossesCarry-forwardsDeferredTax2024-12-3101977107ns5:TaxLossesCarry-forwardsDeferredTax2023-12-3101977107ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101977107ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101977107ns5:WithinOneYear2024-12-3101977107ns5:WithinOneYear2023-12-3101977107ns5:BetweenOneFiveYears2024-12-3101977107ns5:BetweenOneFiveYears2023-12-3101977107ns5:AllPeriods2024-12-3101977107ns5:AllPeriods2023-12-3101977107ns5:DeferredTaxation2024-01-012024-12-3101977107ns5:DeferredTaxation2024-12-3101977107ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 01977107 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

C E E RELAYS LIMITED

C E E RELAYS LIMITED (REGISTERED NUMBER: 01977107)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


C E E RELAYS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: R Dickson





REGISTERED OFFICE: C/o Ppk Accountants Limited
Sandhurst House
297 Yorktown Road
Sandhurst
Berkshire
GU47 0QA





REGISTERED NUMBER: 01977107 (England and Wales)





AUDITORS: Kings CAP Ltd
Statutory Auditor
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

C E E RELAYS LIMITED (REGISTERED NUMBER: 01977107)

STATEMENT OF FINANCIAL POSITION
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,474 1,790

CURRENT ASSETS
Stocks 5 37,600 41,728
Debtors 6 88,564 98,943
Cash at bank 138,184 203,374
264,348 344,045
CREDITORS
Amounts falling due within one year 7 152,717 125,990
NET CURRENT ASSETS 111,631 218,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,105

219,845

CAPITAL AND RESERVES
Called up share capital 10 300,000 300,000
Retained earnings (184,895 ) (80,155 )
SHAREHOLDERS' FUNDS 115,105 219,845

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





R Dickson - Director


C E E RELAYS LIMITED (REGISTERED NUMBER: 01977107)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

C E E Relays 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's shareholder and director. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Turnover
Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

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 20 years
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

C E E RELAYS LIMITED (REGISTERED NUMBER: 01977107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

C E E RELAYS LIMITED (REGISTERED NUMBER: 01977107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 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 statement of financial position 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.

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 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2024 - 4,990 32,057
Additions 2,897 - -
Disposals - (4,990 ) (1,119 )
At 31 December 2024 2,897 - 30,938
DEPRECIATION
At 1 January 2024 - 4,990 32,057
Charge for year 133 - -
Eliminated on disposal - (4,990 ) (1,119 )
At 31 December 2024 133 - 30,938
NET BOOK VALUE
At 31 December 2024 2,764 - -
At 31 December 2023 - - -

C E E RELAYS LIMITED (REGISTERED NUMBER: 01977107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 2,956 6,414 46,417
Additions - - 2,897
Disposals (2,956 ) (1,785 ) (10,850 )
At 31 December 2024 - 4,629 38,464
DEPRECIATION
At 1 January 2024 2,449 5,131 44,627
Charge for year 14 573 720
Eliminated on disposal (2,463 ) (1,785 ) (10,357 )
At 31 December 2024 - 3,919 34,990
NET BOOK VALUE
At 31 December 2024 - 710 3,474
At 31 December 2023 507 1,283 1,790

5. STOCKS
31.12.24 31.12.23
£    £   
Components and WIP 37,600 41,728

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 17,898 40,944
Deferred tax asset
Tax losses carried forward 24,085 -
Prepayments 46,581 57,999
88,564 98,943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 37,748 11,121
Taxation - 2,163
Value added tax 14,756 16,149
Other creditors 1,300 9,142
Accruals 98,913 87,415
152,717 125,990

C E E RELAYS LIMITED (REGISTERED NUMBER: 01977107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 16,240 3,656
Between one and five years 48,720 -
64,960 3,656

9. DEFERRED TAX
£   
Credit to Statement of Income and Retained Earnings during year (24,085 )
Balance at 31 December 2024 (24,085 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
300,000 Ordinary £10 300,000 300,000

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

The Report of the Auditors was unqualified.

Sara Brown (Senior Statutory Auditor)
for and on behalf of Kings CAP Ltd

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ingenierie Conseil et Equipment Groupe.

Ingenierie Conseil et Equipment Groupe of 11 rue Marcel Sembat, 94146 Alfortville cedex, France (a company incorporated in France), is regarded by the directors as being the ultimate parent company by virtue of its controlling shareholding until 31 March 2025 when the entire share capital of the company was acquired by Mr R Dickson.