IRIS Accounts Production v25.3.0.601 04482976 Board of Directors Board of Directors 1.3.24 28.2.25 28.2.25 false true false false false true false 123247 263619 236572 149818 113325 237048 123247 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04482976 2024-02-29 04482976 2025-02-28 04482976 2024-03-01 2025-02-28 04482976 2023-02-28 04482976 2023-03-01 2024-02-29 04482976 2024-02-29 04482976 ns15:EnglandWales 2024-03-01 2025-02-28 04482976 ns14:PoundSterling 2024-03-01 2025-02-28 04482976 ns10:Director1 2024-03-01 2025-02-28 04482976 ns10:Director2 2024-03-01 2025-02-28 04482976 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04482976 ns10:SmallEntities 2024-03-01 2025-02-28 04482976 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04482976 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 04482976 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04482976 ns10:FullAccounts 2024-03-01 2025-02-28 04482976 1 2024-03-01 2025-02-28 04482976 ns10:Director2 42 2024-02-29 04482976 ns10:Director2 42 2024-03-01 2025-02-28 04482976 ns10:Director2 42 2023-03-01 2024-02-29 04482976 ns10:Director2 42 2025-02-28 04482976 ns10:Director2 42 2024-02-29 04482976 ns5:CurrentFinancialInstruments 2025-02-28 04482976 ns5:CurrentFinancialInstruments 2024-02-29 04482976 ns5:Non-currentFinancialInstruments 2025-02-28 04482976 ns5:Non-currentFinancialInstruments 2024-02-29 04482976 ns5:ShareCapital 2025-02-28 04482976 ns5:ShareCapital 2024-02-29 04482976 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 04482976 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 04482976 ns5:NetGoodwill 2024-03-01 2025-02-28 04482976 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-01 2025-02-28 04482976 ns5:ComputerSoftware 2024-03-01 2025-02-28 04482976 ns5:LandBuildings 2024-03-01 2025-02-28 04482976 ns5:PlantMachinery 2024-03-01 2025-02-28 04482976 ns5:NetGoodwill 2024-02-29 04482976 ns5:IntangibleAssetsOtherThanGoodwill 2024-02-29 04482976 ns5:NetGoodwill 2025-02-28 04482976 ns5:IntangibleAssetsOtherThanGoodwill 2025-02-28 04482976 ns5:NetGoodwill 2024-02-29 04482976 ns5:IntangibleAssetsOtherThanGoodwill 2024-02-29 04482976 ns5:LandBuildings 2024-02-29 04482976 ns5:PlantMachinery 2024-02-29 04482976 ns5:LandBuildings 2025-02-28 04482976 ns5:PlantMachinery 2025-02-28 04482976 ns5:LandBuildings 2024-02-29 04482976 ns5:PlantMachinery 2024-02-29 04482976 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 04482976 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 04482976 ns5:Secured 2025-02-28 04482976 ns5:Secured 2024-02-29 04482976 ns5:AcceleratedTaxDepreciationDeferredTax 2025-02-28 04482976 ns5:AcceleratedTaxDepreciationDeferredTax 2024-02-29 04482976 ns5:DeferredTaxation 2024-02-29 04482976 ns5:DeferredTaxation 2025-02-28 04482976 1 ns10:Director1 2024-02-29 04482976 1 ns10:Director1 2023-02-28 04482976 1 ns10:Director1 2024-03-01 2025-02-28 04482976 1 ns10:Director1 2023-03-01 2024-02-29 04482976 1 ns10:Director1 2025-02-28 04482976 1 ns10:Director1 2024-02-29

REGISTERED NUMBER: 04482976 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

COMMERCIAL VEHICLE LININGS LIMITED

COMMERCIAL VEHICLE LININGS LIMITED (REGISTERED NUMBER: 04482976)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

COMMERCIAL VEHICLE LININGS LIMITED (REGISTERED NUMBER: 04482976)

BALANCE SHEET

28 FEBRUARY 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 6,279 |  | - |  |

Tangible assets | 5 | 459,621 |  | 514,097 |  |

465,900 |  | 514,097 |  |

CURRENT ASSETS

Stocks | 221,275 |  | 225,144 |  |

Debtors | 6 | 756,179 |  | 536,961 |  |

Cash at bank and in hand | 44,337 |  | 61,189 |  |

1,021,791 |  | 823,294 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,023,489 |  | 859,507 |  |

NET CURRENT LIABILITIES | (1,698 | ) | (36,213 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 464,202 |  | 477,884 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (104,486 | ) | (139,461 | ) |

PROVISIONS FOR LIABILITIES | 10 | (83,500 | ) | (90,000 | ) |

NET ASSETS | 276,216 |  | 248,423 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | 276,016 |  | 248,223 |  |

276,216 |  | 248,423 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

COMMERCIAL VEHICLE LININGS LIMITED (REGISTERED NUMBER: 04482976)

BALANCE SHEET - continued

28 FEBRUARY 2025

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 31 October 2025 and were signed on its behalf by:

K Kolleth - Director

Mrs J L Kolleth - Director

COMMERCIAL VEHICLE LININGS LIMITED (REGISTERED NUMBER: 04482976)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Commercial Vehicle Linings Limited is a private company, limited by shares, registered in England and Wales, registered number 04482976. Its registered office is CVL House, 1 Hopesay Hill Road, Craven Arms Business Park, Craven Arms, Shropshire, SY7 8DU.

| The financial statements are presented in Sterling, which is the functional currency of the company.

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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

| 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.

| Computer software is being amortised evenly over its 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.

| Land and buildings | - | 33% on cost and 4% on cost

| Plant and machinery etc | - | 33% on reducing balance, 25% on reducing balance and 10% on reducing balance

| 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.

COMMERCIAL VEHICLE LININGS LIMITED (REGISTERED NUMBER: 04482976)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Rentals paid under operating leases are charged to profit or loss on a reducing balance 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

| Basic financial liabilities, including trade and other debtors, bank loans and other loans 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 receipts discounted at a market rate of interest.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 23 (2024 - 24 ) .

4. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 75,000 |  | - |  | 75,000 |  |

| Additions | - |  | 6,279 |  | 6,279 |  |

| At 28 February 2025 | 75,000 |  | 6,279 |  | 81,279 |  |

| AMORTISATION

| At 1 March 2024

| and 28 February 2025 | 75,000 |  | - |  | 75,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  | 6,279 |  | 6,279 |  |

| At 29 February 2024 | - |  | - |  | - |  |

COMMERCIAL VEHICLE LININGS LIMITED (REGISTERED NUMBER: 04482976)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 360,504 |  | 1,349,263 |  | 1,709,767 |  |

| Additions | - |  | 39,045 |  | 39,045 |  |

| Disposals | - |  | (95,617 | ) | (95,617 | ) |

| At 28 February 2025 | 360,504 |  | 1,292,691 |  | 1,653,195 |  |

| DEPRECIATION

| At 1 March 2024 | 219,241 |  | 976,429 |  | 1,195,670 |  |

| Charge for year | 13,476 |  | 62,790 |  | 76,266 |  |

| Eliminated on disposal | - |  | (78,362 | ) | (78,362 | ) |

| At 28 February 2025 | 232,717 |  | 960,857 |  | 1,193,574 |  |

| NET BOOK VALUE

| At 28 February 2025 | 127,787 |  | 331,834 |  | 459,621 |  |

| At 29 February 2024 | 141,263 |  | 372,834 |  | 514,097 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade debtors | 491,676 |  | 387,404 |  |

| Other debtors | 264,503 |  | 149,557 |  |

756,179 |  | 536,961 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans and overdrafts | 370,460 |  | 342,049 |  |

| Hire purchase contracts | 36,511 |  | 41,877 |  |

| Trade creditors | 431,915 |  | 400,298 |  |

| Taxation and social security | 149,746 |  | 52,601 |  |

| Other creditors | 34,857 |  | 22,682 |  |

1,023,489 |  | 859,507 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans | 12,500 |  | 42,500 |  |

| Hire purchase contracts | 91,986 |  | 96,961 |  |

104,486 |  | 139,461 |  |

COMMERCIAL VEHICLE LININGS LIMITED (REGISTERED NUMBER: 04482976)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank overdrafts | 340,460 |  | 312,049 |  |

| Bank loans | 42,500 |  | 72,500 |  |

| Hire purchase contracts | 128,497 |  | 138,838 |  |

511,457 |  | 523,387 |  |

| The above loans are secured by way of a fixed and floating charge over the assets of the company.

| The hire purchase amount outstanding is secured over the asset to which the agreements relate.

10. | PROVISIONS FOR LIABILITIES

| 28.2.25 |  | 29.2.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 83,500 |  | 90,000 |  |

| Deferred |

| tax |

£ |

| Balance at 1 March 2024 | 90,000 |  |

| Movement in the period | (6,500 | ) |

| Balance at 28 February 2025 | 83,500 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

| 28.2.25 |  | 29.2.24

£ | £ |

| K Kolleth and Mrs J L Kolleth

| Balance outstanding at start of year | 123,247 |  | - |  |

| Amounts advanced | 263,619 |  | 236,572 |  |

| Amounts repaid | (149,818 | ) | (113,325 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 237,048 |  | 123,247 |  |

12. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £123,000 (2024 - £105,000) were paid to the directors .