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REGISTERED NUMBER: 08293298 (England and Wales)











COMMERCIAL VEHICLE CONTRACTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025






COMMERCIAL VEHICLE CONTRACTS LIMITED (REGISTERED NUMBER: 08293298)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


COMMERCIAL VEHICLE CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: J S Cox
R Nixon
Mrs N C Nixon
C J Orwin





REGISTERED OFFICE: The Landmark
66 Sackville Road
Bexhill On Sea
East Sussex
TN39 3JD





REGISTERED NUMBER: 08293298 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

COMMERCIAL VEHICLE CONTRACTS LIMITED (REGISTERED NUMBER: 08293298)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 151,703 151,965
Tangible assets 5 1,395,302 666,125
1,547,005 818,090

CURRENT ASSETS
Debtors 6 430,030 148,576
Cash at bank 264,146 535,212
694,176 683,788
CREDITORS
Amounts falling due within one year 7 608,465 371,289
NET CURRENT ASSETS 85,711 312,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,632,716

1,130,589

CREDITORS
Amounts falling due after more than one
year

8

(206,994

)

(127,158

)

PROVISIONS FOR LIABILITIES (302,110 ) (166,531 )
NET ASSETS 1,123,612 836,900

CAPITAL AND RESERVES
Called up share capital 10 449 200
Retained earnings 1,123,163 836,700
1,123,612 836,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

COMMERCIAL VEHICLE CONTRACTS LIMITED (REGISTERED NUMBER: 08293298)

BALANCE SHEET - continued
31ST MARCH 2025


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 28th May 2025 and were signed on its behalf by:





R Nixon - Director


COMMERCIAL VEHICLE CONTRACTS LIMITED (REGISTERED NUMBER: 08293298)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Commercial Vehicle Contracts 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.

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 fixed assets and amortisation
Other intangible assets are a bespoke computer program. Amortisation has been applied on a straight line basis over a period of 10 years. This is reviewed on an annual basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - Straight line over the life of the lease
Computer equipment - 25% on cost

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.

COMMERCIAL VEHICLE CONTRACTS LIMITED (REGISTERED NUMBER: 08293298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

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 12 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2024 168,850
Additions 18,470
At 31st March 2025 187,320
AMORTISATION
At 1st April 2024 16,885
Charge for year 18,732
At 31st March 2025 35,617
NET BOOK VALUE
At 31st March 2025 151,703
At 31st March 2024 151,965

COMMERCIAL VEHICLE CONTRACTS LIMITED (REGISTERED NUMBER: 08293298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2024 24,139 802,991 11,395 838,525
Additions - 942,101 194 942,295
Disposals - (99,454 ) - (99,454 )
At 31st March 2025 24,139 1,645,638 11,589 1,681,366
DEPRECIATION
At 1st April 2024 16,965 144,972 10,463 172,400
Charge for year 1,435 135,568 640 137,643
Eliminated on disposal - (23,979 ) - (23,979 )
At 31st March 2025 18,400 256,561 11,103 286,064
NET BOOK VALUE
At 31st March 2025 5,739 1,389,077 486 1,395,302
At 31st March 2024 7,174 658,019 932 666,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 67,512 129,647
Other debtors 362,518 18,929
430,030 148,576

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,268 10,015
Hire purchase contracts (see note 9) 167,477 20,166
Payments on account 80,090 45,911
Trade creditors 330,236 63,039
Taxation and social security - 196,323
Other creditors 20,394 35,835
608,465 371,289

COMMERCIAL VEHICLE CONTRACTS LIMITED (REGISTERED NUMBER: 08293298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 9,640 19,908
Hire purchase contracts (see note 9) 132,354 -
Other creditors 65,000 107,250
206,994 127,158

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Gross obligations repayable:
Within one year 178,439 20,166
Between one and five years 150,747 -
329,186 20,166

Finance charges repayable:
Within one year 10,962 -
Between one and five years 18,393 -
29,355 -

Net obligations repayable:
Within one year 167,477 20,166
Between one and five years 132,354 -
299,831 20,166

Non-cancellable operating leases
2025 2024
£    £   
Within one year 17,000 17,000
Between one and five years 51,000 68,000
68,000 85,000

COMMERCIAL VEHICLE CONTRACTS LIMITED (REGISTERED NUMBER: 08293298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
0 Ordinary £1 - 151
200 Ordinary A £1 200 20
200 Ordinary B £1 200 10
10 Ordinary C £1 10 10
9 Ordinary D £1 9 9
20 Ordinary E £1 20 -
10 Ordinary F £1 10 -
449 200

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025 2024
£    £   
R Nixon and Mrs N C Nixon
Balance outstanding at start of year 13,200 -
Amounts advanced - 13,200
Amounts repaid (13,200 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,200

The directors operate a current account with the company. The balance due from the above directors as at 31 March 2025 amounted to £nil (2024: £13,200).

Loans are repayable on demand. No interest is charged on the directors current accounts that are owing to the company.