CPL Transport Services (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04282426

CPL Transport Services (UK) Limited

Filleted Unaudited Financial Statements

31 December 2024

CPL Transport Services (UK) Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		1,101,781	1,173,517

Current assets

Debtors	7	1,245,798	1,403,788
Cash at bank and in hand		76,083	268,825
		------------	------------
		1,321,881	1,672,613

Creditors: amounts falling due within one year	8	370,645		494,554
		------------		------------
Net current assets			951,236	1,178,059
			------------	------------
Total assets less current liabilities			2,053,017	2,351,576

Provisions

Taxation including deferred tax	220,839	286,243
	------------	------------
Net assets	1,832,178	2,065,333
	------------	------------

CPL Transport Services (UK) Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	1,831,178	2,064,333
	------------	------------
Shareholders funds	1,832,178	2,065,333
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 10 September 2025 , and are signed on behalf of the board by:

C P Lumsden	K Lumsden
Director	Director

Company registration number: 04282426

CPL Transport Services (UK) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Griffin Farm, Appledore, Ashford, Kent, TN26 2BA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Improvements	-	10% straight line
Plant & Machinery	-	25% reducing balance
Fixtures & Fittings	-	15% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2023: 18 ).

5. Tax on (loss)/profit

Major components of tax (income)/expense

	2024	2023
	£	£

Current tax:

UK current tax (income)/expense	( 23,558)	23,558

Deferred tax:

Origination and reversal of timing differences	( 65,404)	31,355
	--------	--------
Tax on (loss)/profit	( 88,962)	54,913
	--------	--------

Reconciliation of tax (income)/expense

The tax assessed on the (loss)/profit on ordinary activities for the year is lower than (2023: higher than) the standard rate of corporation tax in the UK of 25 % (2023: 25 %).

	2024	2023
	£	£
(Loss)/profit on ordinary activities before taxation	( 195,017)	200,499
	---------	---------
(Loss)/profit on ordinary activities by rate of tax	( 48,754)	51,923
Effect of capital allowances and depreciation	( 40,208)	2,990
	---------	---------
Tax on (loss)/profit	( 88,962)	54,913
	---------	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	135,646	3,049,219	50,447	56,855	3,292,167
Additions	–	233,161	–	–	233,161
Disposals	–	( 163,840)	–	–	( 163,840)
	---------	------------	--------	--------	------------
At 31 December 2024	135,646	3,118,540	50,447	56,855	3,361,488
	---------	------------	--------	--------	------------
Depreciation
At 1 January 2024	114,813	1,919,233	31,954	52,650	2,118,650
Charge for the year	13,564	273,260	2,735	1,802	291,361
Disposals	–	( 150,304)	–	–	( 150,304)
	---------	------------	--------	--------	------------
At 31 December 2024	128,377	2,042,189	34,689	54,452	2,259,707
	---------	------------	--------	--------	------------
Carrying amount
At 31 December 2024	7,269	1,076,351	15,758	2,403	1,101,781
	---------	------------	--------	--------	------------
At 31 December 2023	20,833	1,129,986	18,493	4,205	1,173,517
	---------	------------	--------	--------	------------

7. Debtors

	2024	2023
	£	£
Trade debtors	438,608	592,263
Amounts owed by group undertakings and undertakings in which the company has a participating interest	615,749	729,679
Other debtors	191,441	81,846
	------------	------------
	1,245,798	1,403,788
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	197,343	112,274
Corporation tax	–	23,558
Social security and other taxes	14,883	15,367
Other creditors	158,419	343,355
	---------	---------
	370,645	494,554
	---------	---------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	220,839	286,243
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Deferred tax - other timing differences Excess of taxation allowances over depreciation on fixed assets	220,839	286,243
	---------	---------