Registered number
02786595
CEVaC Limited
Filleted Abridged Accounts
31 May 2025

CEVaC Limited
Registered number: | 02786595
Abridged Balance Sheet
as at 31 May 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 4 |  |  | 77,338 |  |  | 71,458
Current assets
Stocks |  |  | 734,490 |  |  | 661,332
Debtors |  |  | 288,181 |  |  | 291,872
Cash at bank and in hand |  |  | 155,511 |  |  | 163,286
|  |  | 1,178,182 |  |  | 1,116,490
Creditors: amounts falling due within one year |  |  | (372,262) |  |  | (485,558)
Net current assets |  |  |  | 805,920 |  |  | 630,932
Total assets less current liabilities |  |  |  | 883,258 |  |  | 702,390
Creditors: amounts falling due after more than one year |  |  |  | (1,824) |  |  | -
Provisions for liabilities |  |  |  | (16,648) |  |  | (16,316)
Net assets |  |  |  | 864,786 |  |  | 686,074
Capital and reserves
Called up share capital | 5 |  |  | 1,000 |  |  | 1,000
Profit and loss account |  |  |  | 863,786 |  |  | 685,074
Shareholders' funds |  |  |  | 864,786 |  |  | 686,074
Continued
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
R J Pratt
Director
Approved by the board on 11 February 2026

CEVaC Limited
Notes to the Abridged Accounts
for the year ended 31 May 2025
1 | Summary of significant accounting policies
| Basis of preparation
| The abridged accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to Companies subject to the small companies regime). The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Intangible fixed assets
| Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a 100% basis.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Leasehold land and buildings | over the lease term
| Plant and machinery | 25 % reducing balance basis
| Motor vehicles | 25 % straight line basis
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price).
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Employee benefits
| When employees have rendered service to the company, short term employees benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 9 |  | 9
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| At 1 June 2024 | 1
| At 31 May 2025 | 1
| Amortisation
| At 1 June 2024 | 1
| At 31 May 2025 | 1
| Net book value
| At 31 May 2025 | -
| Goodwill, being the amount paid in connection with the acquisition of a business in the year ended 31 May 2007, has been written off in the year of acquisition.
4 | Tangible fixed assets
|  |  |  |  |  |  |  | Total
£
| Cost
| At 1 June 2024 | 131,285
| Additions | 13,170
| Disposals | (125)
| At 31 May 2025 | 144,330
| Depreciation
| At 1 June 2024 | 59,827
| Charge for the year | 7,173
| On disposals | (8)
| At 31 May 2025 | 66,992
| Net book value
| At 31 May 2025 | 77,338
| At 31 May 2024 | 71,458
5 | Share Capital | Nominal |  | 2024 |  | 2025 |  | 2024
value | Number | £ | £
| Allotted, called up and fully paid
| Ordinary shares | £1 each |  | 1,000 |  | 1,000 |  | 1,000
6 | Other financial commitments | 2025 |  | 2024
£ | £
| Total future minimum payments under non-cancellable operating leases |  | 377,500 |  | 394,500
7 | Related party transactions
| During the year various amounts were lent by the directors to the company. Interest of 5 % above the bank base rate, with a minimum of 6 % has been incurred on these amounts. At the end of the year £120,236 (2024 - £201,753) was included in creditors.
8 | Other information
| CEVaC Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Unit J
| Daux Road
| Billingshurst
| West Sussex
| RH14 9SJ

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