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Company No: 06882219 (England and Wales)

C J OVERY TRANSPORT AND CRANE HIRE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

C J OVERY TRANSPORT AND CRANE HIRE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

C J OVERY TRANSPORT AND CRANE HIRE LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2025
C J OVERY TRANSPORT AND CRANE HIRE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025
DIRECTORS Mrs Gina Ann Overy
Mr Carl John Overy
REGISTERED OFFICE 57 Great Fen Road
Soham
Ely
Cambridgeshire
CB7 5UH
United Kingdom
BUSINESS ADDRESS 57 Great Fen Road
Soham
Ely
Cambridgeshire
CB7 5UH
United Kingdom
COMPANY NUMBER 06882219 (England and Wales)
ACCOUNTANT Corbett Accountants Limited
Bakersfield
82 Station Road
Soham
Ely
Cambridgeshire
CB7 5DZ
C J OVERY TRANSPORT AND CRANE HIRE LIMITED

BALANCE SHEET

As at 30 April 2025
C J OVERY TRANSPORT AND CRANE HIRE LIMITED

BALANCE SHEET (continued)

As at 30 April 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 147,007 176,593
147,007 176,593
Current assets
Stocks 17,350 17,800
Debtors 4 74,259 54,865
Cash at bank and in hand 29,073 50,209
120,682 122,874
Creditors: amounts falling due within one year 5 ( 166,131) ( 186,222)
Net current liabilities (45,449) (63,348)
Total assets less current liabilities 101,558 113,245
Creditors: amounts falling due after more than one year 6 0 ( 49,108)
Provision for liabilities 7 ( 34,400) ( 34,979)
Net assets 67,158 29,158
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 67,058 29,058
Total shareholders' funds 67,158 29,158

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of C J Overy Transport and Crane Hire Limited (registered number: 06882219) were approved and authorised for issue by the Board of Directors on 02 July 2025. They were signed on its behalf by:

Mr Carl John Overy
Director
C J OVERY TRANSPORT AND CRANE HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
C J OVERY TRANSPORT AND CRANE HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

C J Overy Transport and Crane Hire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 57 Great Fen Road, Soham, Ely, Cambridgeshire, CB7 5UH, United Kingdom. The principal place of business is 57 Great Fen Road, Soham, Ely, Cambridgeshire, CB7 5UH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 May 2024 3,000 62,703 595,424 661,127
Additions 0 11,399 17,488 28,887
Disposals 0 ( 4,500) ( 44,709) ( 49,209)
At 30 April 2025 3,000 69,602 568,203 640,805
Accumulated depreciation
At 01 May 2024 0 31,716 452,818 484,534
Charge for the financial year 0 6,103 36,476 42,579
Disposals 0 ( 2,803) ( 30,512) ( 33,315)
At 30 April 2025 0 35,016 458,782 493,798
Net book value
At 30 April 2025 3,000 34,586 109,421 147,007
At 30 April 2024 3,000 30,987 142,606 176,593

4. Debtors

2025 2024
£ £
Trade debtors 59,487 46,425
Other debtors 14,772 8,440
74,259 54,865

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 14,647 9,356
Amounts owed to directors 47,949 88,090
Corporation tax 28,882 11,888
Other taxation and social security 22,945 15,358
Obligations under finance leases and hire purchase contracts 49,108 58,930
Other creditors 2,600 2,600
166,131 186,222

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Obligations under finance leases and hire purchase contracts 0 49,108

7. Provision for liabilities

2025 2024
£ £
Deferred tax 34,400 34,979

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Dividends were paid in the year in respect of shares held by the company's directors. 27,250 40,000
Included in creditors is a director loan . The loan is interest free and there are no repayment terms. 47,949 88,090
The directors charged the company for use of home as office during the year. 2,400 1,800