Caseware UK (AP4) 2024.0.164 2024.0.164 falseNo description of principal activity2023-10-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05469493 2023-10-01 2024-09-30 05469493 2022-10-01 2023-09-30 05469493 2024-09-30 05469493 2023-09-30 05469493 c:Director1 2023-10-01 2024-09-30 05469493 d:PlantMachinery 2023-10-01 2024-09-30 05469493 d:PlantMachinery 2024-09-30 05469493 d:PlantMachinery 2023-09-30 05469493 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05469493 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05469493 d:MotorVehicles 2023-10-01 2024-09-30 05469493 d:MotorVehicles 2024-09-30 05469493 d:MotorVehicles 2023-09-30 05469493 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05469493 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05469493 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05469493 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05469493 d:CurrentFinancialInstruments 2024-09-30 05469493 d:CurrentFinancialInstruments 2023-09-30 05469493 d:Non-currentFinancialInstruments 2024-09-30 05469493 d:Non-currentFinancialInstruments 2023-09-30 05469493 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05469493 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05469493 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05469493 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05469493 d:ShareCapital 2024-09-30 05469493 d:ShareCapital 2023-09-30 05469493 d:RetainedEarningsAccumulatedLosses 2024-09-30 05469493 d:RetainedEarningsAccumulatedLosses 2023-09-30 05469493 c:OrdinaryShareClass1 2023-10-01 2024-09-30 05469493 c:OrdinaryShareClass1 2024-09-30 05469493 c:OrdinaryShareClass1 2023-09-30 05469493 c:FRS102 2023-10-01 2024-09-30 05469493 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05469493 c:FullAccounts 2023-10-01 2024-09-30 05469493 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05469493 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05469493 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05469493 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 05469493 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 05469493 d:LeasedAssetsHeldAsLessee 2024-09-30 05469493 d:LeasedAssetsHeldAsLessee 2023-09-30 05469493 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05469493










C V M E Truck Services Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024





 
C V M E Truck Services Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of C V M E Truck Services 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 Services 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 Services 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 Services Limited and state those matters that we have agreed to state to the Board of directors of C V M E Truck Services 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 Services 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 Services 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 Services Limited. You consider that C V M E Truck Services 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 Services 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 Services Limited
Registered number: 05469493

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,678,308
13,171,226

  
12,678,308
13,171,226

Current assets
  

Debtors: amounts falling due within one year
 5 
178,605
133,036

Cash at bank and in hand
  
-
47,380

  
178,605
180,416

Creditors: amounts falling due within one year
 6 
(3,306,472)
(3,290,508)

Net current liabilities
  
 
 
(3,127,867)
 
 
(3,110,092)

Total assets less current liabilities
  
9,550,441
10,061,134

Creditors: amounts falling due after more than one year
 7 
(6,452,878)
(7,435,556)

Provisions for liabilities
  

Deferred tax
 9 
(669,341)
(560,258)

  
 
 
(669,341)
 
 
(560,258)

Net assets
  
2,428,222
2,065,320


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
2,428,122
2,065,220

  
2,428,222
2,065,320


Page 2

 
C V M E Truck Services Limited
Registered number: 05469493

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 8 form part of these financial statements.

Page 3

 
C V M E Truck Services Limited
 

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

1.


General information

C V M E Truck Services 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 Services 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.

 
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.

 
2.3

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.

Page 4

 
C V M E Truck Services Limited
 

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

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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:

Motor vehicles
-
12% 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.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
C V M E Truck Services Limited
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles held under hire purchase
Motor vehicles owned
Total

£
£
£



Cost or valuation


At 1 October 2023
15,990,886
1,374,197
17,365,083


Additions
1,872,135
-
1,872,135


Disposals
(780,892)
(479,495)
(1,260,387)


Transfers between classes
(656,450)
656,450
-



At 30 September 2024

16,425,679
1,551,152
17,976,831



Depreciation


At 1 October 2023
3,900,867
292,990
4,193,857


Charge for the year on owned assets
-
157,964
157,964


Charge for the year on financed assets
1,430,089
-
1,430,089


Disposals
(348,762)
(134,625)
(483,387)


Transfers between classes
(290,949)
290,949
-



At 30 September 2024

4,691,245
607,278
5,298,523



Net book value



At 30 September 2024
11,734,434
943,874
12,678,308



At 30 September 2023
12,090,019
1,081,207
13,171,226

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


2024
2023
£
£



Motor vehicles
11,734,434
12,090,019

11,734,434
12,090,019

Page 6

 
C V M E Truck Services Limited
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
4,470
28,287

Other debtors
61,292
-

Prepayments and accrued income
112,843
104,749

178,605
133,036



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
61,249
-

Amounts owed to group undertakings
386,337
223,603

Other taxation and social security
-
242,255

Obligations under finance lease and hire purchase contracts
2,858,886
2,824,650

3,306,472
3,290,508



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
6,452,878
7,435,556

6,452,878
7,435,556


The following liabilities were secured:

2024
2023
£
£



Net obligations under finance leases and hire purchase contracts
6,452,878
7,435,556

6,452,878
7,435,556

Details of security provided:

The net obligations under finance leases and hire purchase contracts contain fixed, floating and negative pledge charges across the assets purchased.

Page 7

 
C V M E Truck Services Limited
 

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

8.


Financial instruments








Financial assets measured at fair value through profit or loss comprise bank balance.


9.


Deferred taxation




2024


£






At beginning of year
(560,258)


Charged to profit or loss
(109,083)



At end of year
(669,341)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances net of tax losses
(669,341)
(560,258)

(669,341)
(560,258)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



11.


Related party transactions

Included within creditors is an amount in the sum of £386,337 (2023: £223,603) owing to CVME Truck Rental Limited a company owned and controlled by Mr P Browning. 
During the year the company was charged management in the sum of £2,811,823 (2023: £2,216,377) from CVME Truck Rental Limited.
All other related party transactions were conducted under normal market conditions.


Page 8