Commercial Deliveries (Europe) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02215630 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Commercial Deliveries (Europe) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G H Niblett

Mrs M P Niblett

SECRETARY:

Mrs M P Niblett

REGISTERED OFFICE:

158 Hemper Lane

Greenhill

Sheffield

South Yorkshire

S8 7FE

REGISTERED NUMBER:

02215630 (England and Wales)

ACCOUNTANTS:

Cedarwood Accountancy Ltd

158 Hemper Lane

Greenhill

Sheffield

South Yorkshire

S8 7FE

FIXED ASSETS

Tangible assets

4

770,350

774,243

CURRENT ASSETS

Debtors

5

59,128

40,024

Cash at bank and in hand

257

11,821

59,385

51,845

CREDITORS

Amounts falling due within one year

6

127,350

124,909

NET CURRENT LIABILITIES

(67,965

)

(73,064

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

702,385

701,179

CREDITORS

Amounts falling due after more than
one year

7

4,332

14,082

NET ASSETS

698,053

687,097

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

697,953

686,997

SHAREHOLDERS' FUNDS

698,053

687,097

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

G H Niblett - Director

1.	STATUTORY INFORMATION

Commercial Deliveries (Europe) 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.

This is the first year in which the financial statements have been prepared under FRS 102.

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.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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.

Costs attributable to rental income

In previous years the costs attributable to office space which generates rental income have been apportioned from the total costs and directly offset against the rental income.

In the interests of clarity the directors have agreed that in this years accounts the rental income will be shown gross and the expenses will be stated inclusive of the element relating to the property rentals.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

and 31 December 2024

752,459

142,492

894,951

DEPRECIATION

At 1 January 2024

-

120,708

Charge for year

-

3,893

At 31 December 2024

-

124,601

NET BOOK VALUE

At 31 December 2024

752,459

17,891

770,350

At 31 December 2023

752,459

21,784

774,243

The building and accompanying land which is owned by the Company is not thought to be decreasing in value. Therefore the directors have chosen not to depreciate this.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

59,128

40,024

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,024

10,000

Trade creditors

54,032

32,874

Taxation and social security

8,302

14,614

Other creditors

54,992

67,421

127,350

124,909

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans

4,332

14,082

8.	RELATED PARTY DISCLOSURES

Throughout the year, the company was under control of the directors - GH and MP Niblett who have similar control in Severn Vale Truck Movements, which is therefore regarded as a related party.

The company charged £80,640 (2023 - £114,889) to Severn Vale Truck Movements and purchased services totalling £128,374 (2023 - £,107,374), of which there were management fees of £17,264 (2023 - £16,640) which related to subcontractor administrative expenses.

At 31st December 2024 the Company owed £61,107 (2023 - £36,128) to Severn Vale Truck movements.

Severn Vale Truck Movements owed the company £23,947 (2023 - £24,471) at 31st December 2024.

9.	ULTIMATE CONTROLLING PARTY

By reason of his notifiable interest in the company, Mr G H Niblett is considered to be the ultimate controlling party of the company.