REGISTERED NUMBER: 11877824 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

CVN Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C P Canvin

REGISTERED OFFICE:

The Lodge

Selby Road

Doncaster

South Yorkshire

DN8 4JE

REGISTERED NUMBER:

11877824 (England and Wales)

ACCOUNTANTS:

Parkins Accountants Ltd

T/A, Parkins, Chartered Accountants

Moor Park House

Bawtry Rd

Wickersley

Rotherham

South Yorkshire

S66 2BL

FIXED ASSETS

Tangible assets

4

194,215

103,375

CURRENT ASSETS

Debtors

5

213,879

231,701

Cash at bank

524,983

192,638

738,862

424,339

CREDITORS

Amounts falling due within one year

6

256,610

217,303

NET CURRENT ASSETS

482,252

207,036

TOTAL ASSETS LESS CURRENT LIABILITIES

676,467

310,411

CREDITORS

Amounts falling due after more than one year

7

(20,371

)

(3,254

)

PROVISIONS FOR LIABILITIES

9

(48,554

)

-

NET ASSETS

607,542

307,157

CAPITAL AND RESERVES

Called up share capital

10

120

120

Retained earnings

11

607,422

307,037

SHAREHOLDERS' FUNDS

607,542

307,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 December 2025 and were signed by:

C P Canvin - Director

1.	STATUTORY INFORMATION

CVN 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.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

27,958

7,285

105,474

2,416

143,133

Additions

51,189

-

94,835

-

146,024

At 31 March 2025

79,147

7,285

200,309

2,416

289,157

DEPRECIATION

At 1 April 2024

4,194

1,821

31,933

1,810

39,758

Charge for year

11,243

1,366

42,094

481

55,184

At 31 March 2025

15,437

3,187

74,027

2,291

94,942

NET BOOK VALUE

At 31 March 2025

63,710

4,098

126,282

125

194,215

At 31 March 2024

23,764

5,464

73,541

606

103,375

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

Motor

vehicles

£

COST

Additions

27,995

At 31 March 2025

27,995

DEPRECIATION

Charge for year

6,999

At 31 March 2025

6,999

NET BOOK VALUE

At 31 March 2025

20,996

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

118,152

-

Directors' current accounts

95,727

231,701

213,879

231,701

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

2,561

2,502

Hire purchase contracts

5,039

-

Tax

124,515

107,730

S455 tax

16,021

-

Social security and other taxes

12,642

29,683

VAT

93,125

68,544

Other creditors

-

6,844

Accrued expenses

2,707

2,000

256,610

217,303

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

635

3,254

Hire purchase contracts

19,736

-

20,371

3,254

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

2,561

2,502

Amounts falling due between two and five years:

Bank loans - 2-5 years

635

3,254

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

48,554

-

Deferred

tax

£

Movement

48,554

Balance at 31 March 2025

48,554

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A

1

100

100

20

Ordinary B

1

20

20

120

120

11.

RESERVES

Retained

earnings

£

At 1 April 2024

307,037

Profit for the year

475,233

Dividends

(174,848

)

At 31 March 2025

607,422

12.	ULTIMATE CONTROLLING PARTY

The controlling party is C P Canvin.