REGISTERED NUMBER: 04400461 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

C & V Developments Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs I V Gilholm

C Gilholm

SECRETARY:

Mrs I V Gilholm

REGISTERED OFFICE:

EQ Accountants Ltd, Unit 6

Agricultural Hall

Skirsgill

Penrith

CA11 0FF

REGISTERED NUMBER:

04400461 (England and Wales)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Intangible assets

4

-

6,194

Tangible assets

5

58,694

80,981

58,694

87,175

CURRENT ASSETS

Stocks

580,996

435,615

Debtors

6

289,938

2,081

Cash at bank and in hand

34,312

54,338

905,246

492,034

CREDITORS

Amounts falling due within one year

7

566,262

283,026

NET CURRENT ASSETS

338,984

209,008

TOTAL ASSETS LESS CURRENT LIABILITIES

397,678

296,183

CREDITORS

Amounts falling due after more than one year

8

(215,000

)

-

PROVISIONS FOR LIABILITIES

(2,500

)

(16,428

)

NET ASSETS

180,178

279,755

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

179,978

279,555

180,178

279,755

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mrs I V Gilholm - Director

1.	STATUTORY INFORMATION

C & V Developments Ltd. 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.

Turnover

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

Intangible assets

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

Quota are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Quota

£

COST

At 1 November 2023

6,194

Disposals

(6,194

)

At 31 October 2024

-

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

6,194

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

246,953

6,675

24,391

22,207

300,226

Disposals

(9,199

)

-

(6,500

)

-

(15,699

)

Reclassification/transfer

(23,465

)

-

25,913

-

2,448

At 31 October 2024

214,289

6,675

43,804

22,207

286,975

DEPRECIATION

At 1 November 2023

186,189

6,247

5,750

21,059

219,245

Charge for year

7,509

64

4,255

173

12,001

Eliminated on disposal

(1,148

)

-

(1,817

)

-

(2,965

)

Reclassification/transfer

(20,811

)

-

20,811

-

-

At 31 October 2024

171,739

6,311

28,999

21,232

228,281

NET BOOK VALUE

At 31 October 2024

42,550

364

14,805

975

58,694

At 31 October 2023

60,764

428

18,641

1,148

80,981

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Other debtors

289,189

-

VAT

749

2,081

289,938

2,081

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Other loans

60,000

-

Trade creditors

910

5,080

Tax

-

8,394

Social security and other taxes

319

-

Directors' loan accounts

402,583

269,552

Accruals and deferred income

99,000

-

Accrued expenses

3,450

-

566,262

283,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/24

31/10/23

£

£

Other loans - more than 1 year

215,000

-