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Company No: 05150159 (England and Wales)

# C & D SOUTH WEST LTD

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

C & D SOUTH WEST LTD

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

C & D SOUTH WEST LTD

## BALANCE SHEET

As at 30 June 2025
C & D SOUTH WEST LTD

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 1,226,510 |  | 1,353,731
|  | 1,226,510 |  | 1,353,731
Current assets |  |  |  |
Stocks |  | 4,500 |  | 4,000
Debtors | 5 | 1,050,475 |  | 1,065,053
Cash at bank and in hand |  | 731,864 |  | 566,594
|  | 1,786,839 |  | 1,635,647
Creditors: amounts falling due within one year | 6 | ( 1,129,381) |  | ( 1,090,901)
Net current assets |  | 657,458 |  | 544,746
Total assets less current liabilities |  | 1,883,968 |  | 1,898,477
Creditors: amounts falling due after more than one year | 7 | ( 140,972) |  | ( 233,441)
Provision for liabilities |  | ( 111,933) |  | ( 140,220)
Net assets |  | 1,631,063 |  | 1,524,816
Capital and reserves |  |  |  |
Called-up share capital |  | 103 |  | 103
Profit and loss account |  | 1,630,960 |  | 1,524,713
Total shareholders' funds |  | 1,631,063 |  | 1,524,816

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of C & D South West Ltd (registered number: 05150159) were approved and authorised for issue by the Board of Directors on 05 March 2026. They were signed on its behalf by:

L J Hammond Director |

C & D SOUTH WEST LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
C & D SOUTH WEST LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

C & D South West Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Kingfisher Works, Millfield Ind Estate, Chard, TA20 2BB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of haulage services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 5 - 50 years straight line
Leasehold improvements | 10 years straight line
Plant and machinery | 4 years straight line
Vehicles | 5 years straight line
Fixtures and fittings | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in other operating income over the period in which the related costs are recognised, and timing differences are presented as other debtors or deferred income within the balance sheet. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 52 |  | 51

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 1,000 |  | 1,000
At 30 June 2025 | 1,000 |  | 1,000
Accumulated amortisation |  |  |
At 01 July 2024 | 1,000 |  | 1,000
At 30 June 2025 | 1,000 |  | 1,000
Net book value |  |  |
At 30 June 2025 | 0 |  | 0
At 30 June 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 July 2024 | 758,857 |  | 22,592 |  | 484,267 |  | 1,763,683 |  | 60,326 |  | 3,089,725
Additions | 37,547 |  | 0 |  | 9,412 |  | 35,500 |  | 0 |  | 82,459
Disposals | 0 |  | 0 |  | 0 |  | ( 67,000) |  | 0 |  | ( 67,000)
At 30 June 2025 | 796,404 |  | 22,592 |  | 493,679 |  | 1,732,183 |  | 60,326 |  | 3,105,184
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 July 2024 | 26,236 |  | 22,592 |  | 327,205 |  | 1,316,369 |  | 43,592 |  | 1,735,994
Charge for the financial year | 16,145 |  | 0 |  | 61,747 |  | 130,827 |  | 961 |  | 209,680
Disposals | 0 |  | 0 |  | 0 |  | ( 67,000) |  | 0 |  | ( 67,000)
At 30 June 2025 | 42,381 |  | 22,592 |  | 388,952 |  | 1,380,196 |  | 44,553 |  | 1,878,674
Net book value |  |  |  |  |  |  |  |  |  |  |
At 30 June 2025 | 754,023 |  | 0 |  | 104,727 |  | 351,987 |  | 15,773 |  | 1,226,510
At 30 June 2024 | 732,621 |  | 0 |  | 157,062 |  | 447,314 |  | 16,734 |  | 1,353,731

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 908,236 |  | 833,298
Other debtors | 142,239 |  | 231,755
| 1,050,475 |  | 1,065,053

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 583,576 |  | 597,983
Taxation and social security | 303,829 |  | 207,790
Obligations under finance leases and hire purchase contracts (secured) | 73,030 |  | 113,331
Other creditors | 168,946 |  | 171,797
| 1,129,381 |  | 1,090,901

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts (secured) | 127,565 |  | 199,825
Other creditors | 13,407 |  | 33,616
| 140,972 |  | 233,441

Amounts due under finance lease and hire purchase contracts are secured against the assets to which they relate.

#### 8. Financial commitments

Other financial commitments

The company holds lease agreements in respect of commercial property and commercial vehicle rentals. At the balance sheet date, the amount due within one year was £50,000 (2024 - £50,000) and the amount due after one year was £175,000 (2024 - £225,000).

#### 9. Related party transactions

Transactions with the entity's directors

The director's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
C D Hammond
At 1 July 2024, the balance owed by the director was £101,571. During the year, £41,449 was advanced to the director, and £143,020 was repaid by the director. At 30 June 2025, the balance owed by the director was £nil.
At 1 July 2023, the balance owed by the director was £nil. During the year, £208,606 was advanced to the director, and £107,035 was repaid by the director. At 30 June 2024, the balance owed by the director was £101,571.
L Hammond
At 1 July 2024, the balance owed by the director was £nil. During the year, £24,701 was advanced to the director, and £24,701 was repaid by the director. At 30 June 2025, the balance owed by the director was £nil.
At 1 July 2023, the balance owed by the director was £nil. During the year, there were no advances or repayments made to or from the director. At 30 June 2024, the balance owed by the director was £nil.