REGISTERED NUMBER: 04005730 (England and Wales)

Commercial Vehicle Asset Management Ltd

Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N A Watkins

Mr A A Stephenson

SECRETARY:

Mr N A Watkins

REGISTERED OFFICE:

Dyffryn Trading Estate

Rhyl Road

Denbigh

Denbighshire

LL16 5SU

REGISTERED NUMBER:

04005730 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

BANKERS:

Barclays Bank PLC

84 Mostyn Street

Llandudno

Conwy

LL30 2SH

CURRENT ASSETS

Debtors

4

125,350

55,016

Cash at bank

10,132

81,204

135,482

136,220

CREDITORS

Amounts falling due within one year

5

2,777

6,830

NET CURRENT ASSETS

132,705

129,390

TOTAL ASSETS LESS CURRENT LIABILITIES

132,705

129,390

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

132,703

129,388

SHAREHOLDERS' FUNDS

132,705

129,390

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 28 April 2026 and were signed on its behalf by:

Mr N A Watkins - Director

1.	STATUTORY INFORMATION

Commercial Vehicle Asset Management 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.

The presentational and functional currency of these financial statements is pound sterling; the financial

statements are rounded to the nearest pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and hire of goods, excluding value added tax.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

Provisions for liabilities

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

9,632

Amounts owed by group undertakings

125,350

45,384

125,350

55,016

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

777

4,830

Other creditors

2,000

2,000

2,777

6,830

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Aled Roberts FCA (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

7.	CAPITAL COMMITMENTS

The company has no capital commitments as they were transferred to CVAM Ltd on 31st March 2015.

8.	ULTIMATE CONTROLLING PARTY

Ultimate control lies with the directors, who between them own 100% of the issued share capital in the holding company.

9.

CHARGES

Barclays Bank PLC hold a fixed and floating charge over the undertaking and all property and asset present.