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REGISTERED NUMBER: 06750312 (England and Wales)



















CBVC VEHICLE MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






CBVC VEHICLE MANAGEMENT LIMITED (REGISTERED NUMBER: 06750312)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CBVC VEHICLE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr M G Manners
Mrs J M Chisholm





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





BUSINESS ADDRESS: Unit 2
Faraday Court
Centrum 100
Burton On Trent
Staffordshire
DE14 2WX





REGISTERED NUMBER: 06750312 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

CBVC VEHICLE MANAGEMENT LIMITED (REGISTERED NUMBER: 06750312)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,405 30,857
Tangible assets 5 20,965 11,146
38,370 42,003

CURRENT ASSETS
Stocks 6 - 20,793
Debtors 7 572,871 595,125
Cash at bank and in hand 548,782 366,270
1,121,653 982,188
CREDITORS
Amounts falling due within one year 8 884,032 727,421
NET CURRENT ASSETS 237,621 254,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,991

296,770

CREDITORS
Amounts falling due after more than one
year

9

(137,530

)

(198,664

)

PROVISIONS FOR LIABILITIES (4,831 ) (1,579 )
NET ASSETS 133,630 96,527

CAPITAL AND RESERVES
Called up share capital 10 600 600
Retained earnings 133,030 95,927
SHAREHOLDERS' FUNDS 133,630 96,527

CBVC VEHICLE MANAGEMENT LIMITED (REGISTERED NUMBER: 06750312)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





Mr M G Manners - Director


CBVC VEHICLE MANAGEMENT LIMITED (REGISTERED NUMBER: 06750312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

CBVC Vehicle Management 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.

This is derived from vehicle sales, hire and services.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulate impairment losses.

Computer Software is being amortised evenly over its estimated useful life of three or four years.

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 - 33% on cost, 25% on cost and 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost, 33% on cost, 25% on cost and at varying rates 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.

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 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.

CBVC VEHICLE MANAGEMENT LIMITED (REGISTERED NUMBER: 06750312)

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 balance sheet 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 101,669
Additions 3,600
At 31 December 2024 105,269
AMORTISATION
At 1 January 2024 70,812
Charge for year 17,052
At 31 December 2024 87,864
NET BOOK VALUE
At 31 December 2024 17,405
At 31 December 2023 30,857

CBVC VEHICLE MANAGEMENT LIMITED (REGISTERED NUMBER: 06750312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 11,993 - 29,276 41,269
Additions 574 20,793 1,731 23,098
Disposals - - (1,460 ) (1,460 )
At 31 December 2024 12,567 20,793 29,547 62,907
DEPRECIATION
At 1 January 2024 9,834 - 20,289 30,123
Charge for year 1,588 5,198 6,493 13,279
Eliminated on disposal - - (1,460 ) (1,460 )
At 31 December 2024 11,422 5,198 25,322 41,942
NET BOOK VALUE
At 31 December 2024 1,145 15,595 4,225 20,965
At 31 December 2023 2,159 - 8,987 11,146

6. STOCKS
2024 2023
£    £   
Stocks - 20,793

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 372,467 433,918
Other debtors 27,209 18,503
Directors' current accounts 82,173 74,771
Prepayments and accrued income 91,022 67,933
572,871 595,125

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,134 55,163
Trade creditors 644,311 461,017
Amounts owed to group undertakings 3,640 3,640
Corporation tax 19,136 348
Social security and other taxes 32,932 25,924
VAT 51,177 67,621
Other creditors 22,722 22,298
Accruals and deferred income 48,980 91,410
884,032 727,421

CBVC VEHICLE MANAGEMENT LIMITED (REGISTERED NUMBER: 06750312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 137,530 198,664

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 Ordinary £1 600 600

11. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £251,060 (2023: £95,921).

The above relates to following financial commitments:
20242023
£ £

Rent185,166-
Vehicle Leases62,56895,921
Other3,326-
251,06095,921

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr M G Manners
Balance outstanding at start of year 74,771 61,541
Amounts advanced 7,946 13,758
Amounts repaid (544 ) (528 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,173 74,771

The amounts are interest free, and have no formal repayment terms.

13. RELATED PARTY DISCLOSURES

2024 2023
£ £

Amounts owed to group undertakings 3,640 3,640

The amounts are interest free and have no formal repayment terms.