REGISTERED NUMBER: 01181519 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Clevestones Trans Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D L Swales

D A Swales

M J Swales

REGISTERED OFFICE:

Old Durham Paper Mills

Moreland Street

HARTLEPOOL

Cleveland

TS24 7NL

REGISTERED NUMBER:

01181519 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

1,041,292

958,897

Investments

5

200

200

Investment property

6

108,784

108,784

1,150,276

1,067,881

CURRENT ASSETS

Stocks

57,772

45,883

Debtors

7

454,682

383,495

Cash at bank

83,855

166,588

596,309

595,966

CREDITORS

Amounts falling due within one year

8

(481,788

)

(469,689

)

NET CURRENT ASSETS

114,521

126,277

TOTAL ASSETS LESS CURRENT LIABILITIES

1,264,797

1,194,158

CREDITORS

Amounts falling due after more than one year

9

(40,248

)

(26,000

)

PROVISIONS FOR LIABILITIES

11

(104,760

)

(81,821

)

NET ASSETS

1,119,789

1,086,337

CAPITAL AND RESERVES

Called up share capital

12

462

462

Retained earnings

1,119,327

1,085,875

SHAREHOLDERS' FUNDS

1,119,789

1,086,337

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:

D L Swales - Director

1.	STATUTORY INFORMATION

Clevestones Trans 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.

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.

There was no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Preparation of consolidated financial statements

The financial statements contain information about Clevestones Trans Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Turnover is recognised in the period in which it is receivable and to the extent the goods have been provided or, on completion of the service.

Government grants

Revenue based grants are credited to the profit and loss account when entitled. Capital based grants are accounted for using the accruals model and are credited to the profit and loss account over the useful life of the asset.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

15% on cost and 2% on cost

Improvements to property

-

20% on cost and 2% on cost

Plant and machinery

-

25% on reducing balance and 20% on cost

Motor vehicles

-

25% on reducing balance

No depreciation is charged on freehold land.

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

526,808

227,795

1,564,108

694,186

3,012,897

Additions

-

-

85,317

152,028

237,345

Disposals

-

-

-

(158,446

)

(158,446

)

At 31 December 2024

526,808

227,795

1,649,425

687,768

3,091,796

DEPRECIATION

At 1 January 2024

38,532

102,162

1,381,276

532,030

2,054,000

Charge for year

7,384

16,917

58,239

61,011

143,551

Eliminated on disposal

-

-

-

(147,047

)

(147,047

)

At 31 December 2024

45,916

119,079

1,439,515

445,994

2,050,504

NET BOOK VALUE

At 31 December 2024

480,892

108,716

209,910

241,774

1,041,292

At 31 December 2023

488,276

125,633

182,832

162,156

958,897

Included in cost of land and buildings is freehold land of £ 229,094 (2023 - £ 229,094 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

161,000

29,000

190,000

Additions

-

75,528

75,528

Transfer to ownership

-

(29,000

)

(29,000

)

At 31 December 2024

161,000

75,528

236,528

DEPRECIATION

At 1 January 2024

93,079

9,063

102,142

Charge for year

16,980

20,719

37,699

Transfer to ownership

-

(14,047

)

(14,047

)

At 31 December 2024

110,059

15,735

125,794

NET BOOK VALUE

At 31 December 2024

50,941

59,793

110,734

At 31 December 2023

67,921

19,937

87,858

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

200

NET BOOK VALUE

At 31 December 2024

200

At 31 December 2023

200

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

108,784

NET BOOK VALUE

At 31 December 2024

108,784

At 31 December 2023

108,784

The investment property was valued on a fair value basis by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

373,555

304,654

Prepayments and accrued income

81,127

78,841

454,682

383,495

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

37,089

34,126

Trade creditors

152,399

120,469

Amounts owed to group undertakings

162,650

106,318

Taxation and social security

69,747

113,022

Directors' current accounts

13,056

52,765

Accruals and deferred income

46,847

42,989

481,788

469,689

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

40,248

26,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

77,337

60,126

Hire purchase contracts are secured on the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

104,760

81,821

Deferred

tax

£

Balance at 1 January 2024

81,821

Accelerated capital allowances

22,939

Balance at 31 December 2024

104,760

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

201

'A' Ordinary

£1

201

201

30

'B' Ordinary

£1

30

30

231

'C' Ordinary

£1

231

231

462

462

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or transactions conducted at market rate.

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2024

2023

£

£

Amounts due to directors

13,056

52,765

Amounts due to group undertakings

162,450

106,118

No interest has been charged.