Caseware UK (AP4) 2024.0.164 2024.0.164 110002344false21true2023-10-01falseNo description of principal activity21falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02901517 2023-10-01 2024-09-30 02901517 2022-10-01 2023-09-30 02901517 2024-09-30 02901517 2023-09-30 02901517 2022-10-01 02901517 c:Director1 2023-10-01 2024-09-30 02901517 d:Buildings 2023-10-01 2024-09-30 02901517 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 02901517 d:Buildings d:LongLeaseholdAssets 2024-09-30 02901517 d:Buildings d:LongLeaseholdAssets 2023-09-30 02901517 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 02901517 d:Buildings d:ShortLeaseholdAssets 2024-09-30 02901517 d:Buildings d:ShortLeaseholdAssets 2023-09-30 02901517 d:PlantMachinery 2023-10-01 2024-09-30 02901517 d:PlantMachinery 2024-09-30 02901517 d:PlantMachinery 2023-09-30 02901517 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02901517 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 02901517 d:MotorVehicles 2023-10-01 2024-09-30 02901517 d:MotorVehicles 2024-09-30 02901517 d:MotorVehicles 2023-09-30 02901517 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02901517 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 02901517 d:FurnitureFittings 2023-10-01 2024-09-30 02901517 d:FurnitureFittings 2024-09-30 02901517 d:FurnitureFittings 2023-09-30 02901517 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02901517 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 02901517 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 02901517 d:OtherPropertyPlantEquipment 2024-09-30 02901517 d:OtherPropertyPlantEquipment 2023-09-30 02901517 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02901517 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 02901517 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02901517 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 02901517 d:CurrentFinancialInstruments 2024-09-30 02901517 d:CurrentFinancialInstruments 2023-09-30 02901517 d:Non-currentFinancialInstruments 2024-09-30 02901517 d:Non-currentFinancialInstruments 2023-09-30 02901517 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02901517 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02901517 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 02901517 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 02901517 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 02901517 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 02901517 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 02901517 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 02901517 c:OrdinaryShareClass1 2023-10-01 2024-09-30 02901517 c:OrdinaryShareClass1 2024-09-30 02901517 c:OrdinaryShareClass1 2023-09-30 02901517 c:FRS102 2023-10-01 2024-09-30 02901517 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02901517 c:FullAccounts 2023-10-01 2024-09-30 02901517 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02901517 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 02901517 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 02901517 2 2023-10-01 2024-09-30 02901517 5 2023-10-01 2024-09-30 02901517 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 02901517 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 02901517 d:LeasedAssetsHeldAsLessee 2024-09-30 02901517 d:LeasedAssetsHeldAsLessee 2023-09-30 02901517 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02901517










C.V.M.E. Truck Rental Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
C.V.M.E. Truck Rental Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of C.V.M.E. Truck Rental Limited for the year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C.V.M.E. Truck Rental Limited for the year ended 30 September 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of C.V.M.E. Truck Rental Limited, as a body, in accordance with the terms of our engagement letter dated 6 December 2024Our work has been undertaken solely to prepare for your approval the financial statements of C.V.M.E. Truck Rental Limited and state those matters that we have agreed to state to the Board of directors of C.V.M.E. Truck Rental Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C.V.M.E. Truck Rental Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that C.V.M.E. Truck Rental Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C.V.M.E. Truck Rental Limited. You consider that C.V.M.E. Truck Rental Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of C.V.M.E. Truck Rental Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
20 June 2025
Page 1

 
C.V.M.E. Truck Rental Limited
Registered number: 02901517

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
14,400,614
12,497,413

  
14,400,614
12,497,413

Current assets
  

Stocks
  
40,860
26,000

Debtors: amounts falling due within one year
 5 
1,394,710
1,148,452

Cash at bank and in hand
  
125,813
858,774

  
1,561,383
2,033,226

Creditors: amounts falling due within one year
 6 
(3,550,701)
(3,517,857)

Net current liabilities
  
 
 
(1,989,318)
 
 
(1,484,631)

Total assets less current liabilities
  
12,411,296
11,012,782

  

Creditors: amounts falling due after more than one year
 7 
(7,581,271)
(6,235,772)

  
4,830,025
4,777,010

Provisions for liabilities
  

Deferred taxation
 9 
(989,870)
(935,351)

  
 
 
(989,870)
 
 
(935,351)

  

Net assets excluding pension asset
  
3,840,155
3,841,659

Net assets
  
3,840,155
3,841,659


Capital and reserves
  

Called up share capital 
 10 
100,000
100,000

Revaluation reserve
  
193,579
198,301

Profit and loss account
  
3,546,576
3,543,358

  
3,840,155
3,841,659


Page 2

 
C.V.M.E. Truck Rental Limited
Registered number: 02901517

Balance sheet (continued)
As at 30 September 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 June 2025.




Mr Philip Browning
Director

The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

C.V.M.E. Truck Rental Limited is a private company limited by shares which was incorporated in England and Wales.
The company’s registered office is C.V.M.E. Truck Rental Limited, Wilcox Close, Aylesham Industrial Estate, Aylesham, Kent CT3 3EP.
The financial statements are presented in pound Sterling, and rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant and machinery
-
15% on reducing balance
Motor vehicles
-
12% on reducing balance
Fixtures and fittings
-
15% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Page 5

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 6

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 7

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 21).

Page 8

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

4.


Tangible fixed assets





Freehold property
Improve-  ments to property
Plant and machinery
Motor vehicles owned
Fixtures and fittings
Motor vehicles held under hire purchase

£
£
£
£
£
£



Cost or valuation


At 1 October 2023
550,000
155,952
284,369
1,977,856
57,268
14,953,373


Additions
-
3,000
3,000
151,900
1,000
4,022,152


Disposals
-
-
-
(466,532)
-
(659,998)


Transfers between classes
-
-
-
742,724
-
(742,724)



At 30 September 2024

550,000
158,952
287,369
2,405,948
58,268
17,572,803



Depreciation


At 1 October 2023
88,000
142,567
215,638
612,025
51,540
4,371,635


Charge for the year on owned assets
11,000
2,344
10,340
199,040
875
-


Charge for the year on financed assets
-
-
-
-
-
1,312,409


Disposals
-
-
-
(124,441)
-
(260,246)


Transfers between classes
-
-
-
330,790
-
(330,790)



At 30 September 2024

99,000
144,911
225,978
1,017,414
52,415
5,093,008



Net book value



At 30 September 2024
451,000
14,041
61,391
1,388,534
5,853
12,479,795



At 30 September 2023
462,000
13,385
68,731
1,365,831
5,728
10,581,738
Page 9

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 October 2023
17,978,818


Additions
4,181,052


Disposals
(1,126,530)


Transfers between classes
-



At 30 September 2024

21,033,340



Depreciation


At 1 October 2023
5,481,405


Charge for the year on owned assets
223,599


Charge for the year on financed assets
1,312,409


Disposals
(384,687)


Transfers between classes
-



At 30 September 2024

6,632,726



Net book value



At 30 September 2024
14,400,614



At 30 September 2023
12,497,413

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
12,479,795
10,581,738

12,479,795
10,581,738

Page 10

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024
 
Cost or valuation at 30 September 2023 is as follows:

Land and buildings
£


At cost
613,667
Valuation:

Professional valuation performed in 2015
95,285



708,952

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
613,667
705,952

Accumulated depreciation
(247,576)
(190,417)

Net book value
366,091
515,535


5.


Debtors

2024
2023
£
£


Trade debtors
670,834
779,801

Amounts owed by group undertakings
387,867
224,953

Other debtors
187,142
129

Prepayments and accrued income
148,867
143,569

1,394,710
1,148,452



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
18,086
17,086

Trade creditors
651,339
477,190

Other taxation and social security
-
327,458

Obligations under finance lease and hire purchase contracts
2,729,131
2,432,298

Other creditors
152,145
263,825

3,550,701
3,517,857


Page 11

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
171,881
192,271

Net obligations under finance leases and hire purchase contracts by instalments
7,409,390
6,043,501

7,581,271
6,235,772



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
18,086
17,086


18,086
17,086

Amounts falling due 1-2 years

Bank loans
18,086
18,086


18,086
18,086

Amounts falling due 2-5 years

Bank loans
54,258
54,258


54,258
54,258

Amounts falling due after more than 5 years

Bank loans
99,537
119,927

99,537
119,927

189,967
209,357


Page 12

 
C.V.M.E. Truck Rental Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(935,351)
(765,042)


Charged to profit or loss
(54,519)
(170,309)



At end of year
(989,870)
(935,351)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances net of tax losses
(989,870)
(935,351)

(989,870)
(935,351)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,000 (2023 - 100,000) Ordinary shares of £1.00 each
100,000
100,000



11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.


12.


Related party transactions

Included within debtors is an amount in the sum of £383,867 (2023: £223,603) owing from CVME Truck Services Limited, a company owned and controlled by Mr P Browning. 
Included within other debtors is an amount in the sum of £18,191 (2023: other creditors £9,100) owing to CVME Truck Rental Limited from Mr P Browning. This amount will be repaid within 9 months of the year end date.
During the year the company charged management fees in the sum of £2,811,823 (2023: £2,216,377) to CVME Truck Services Limited.
All other related party transactions were conducted under normal market conditions.


Page 13