REGISTERED NUMBER: 08293298 (England and Wales)

COMMERCIAL VEHICLE CONTRACTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

J S Cox

R Nixon

Mrs N C Nixon

C J Orwin

REGISTERED OFFICE:

The Landmark

66 Sackville Road

Bexhill On Sea

East Sussex

TN39 3JD

REGISTERED NUMBER:

08293298 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

4

155,503

151,703

Tangible assets

5

3,298,963

1,395,302

Investment property

6

260,000

-

3,714,466

1,547,005

CURRENT ASSETS

Debtors

7

291,373

430,030

Cash at bank

219,539

264,146

510,912

694,176

CREDITORS

Amounts falling due within one year

8

1,119,126

608,465

NET CURRENT (LIABILITIES)/ASSETS

(608,214

)

85,711

TOTAL ASSETS LESS CURRENT LIABILITIES

3,106,252

1,632,716

CREDITORS

Amounts falling due after more than one year

9

(1,204,506

)

(206,994

)

PROVISIONS FOR LIABILITIES

(496,824

)

(302,110

)

NET ASSETS

1,404,922

1,123,612

CAPITAL AND RESERVES

Called up share capital

11

449

449

Fair value reserve

12

17,115

-

Retained earnings

1,387,358

1,123,163

1,404,922

1,123,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 8th May 2026 and were signed on its behalf by:

R Nixon - Director

1.	STATUTORY INFORMATION

Commercial Vehicle Contracts 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets and amortisation

Other intangible assets are a bespoke computer program. Amortisation has been applied on a straight line basis over a period of 10 years. This is reviewed on an annual basis.

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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

Straight line over the life of the lease

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 12 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2025

187,320

Additions

25,036

At 31st March 2026

212,356

AMORTISATION

At 1st April 2025

35,617

Charge for year

21,236

At 31st March 2026

56,853

NET BOOK VALUE

At 31st March 2026

155,503

At 31st March 2025

151,703

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2025

24,139

1,645,638

11,589

1,681,366

Additions

1,039

2,568,334

238

2,569,611

Disposals

-

(86,263

)

-

(86,263

)

At 31st March 2026

25,178

4,127,709

11,827

4,164,714

DEPRECIATION

At 1st April 2025

18,400

256,561

11,103

286,064

Charge for year

1,355

602,825

489

604,669

Eliminated on disposal

-

(24,982

)

-

(24,982

)

At 31st March 2026

19,755

834,404

11,592

865,751

NET BOOK VALUE

At 31st March 2026

5,423

3,293,305

235

3,298,963

At 31st March 2025

5,739

1,389,077

486

1,395,302

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

Motor

vehicles

£

COST

At 1st April 2025

149,405

Additions

2,124,750

At 31st March 2026

2,274,155

DEPRECIATION

At 1st April 2025

1,865

Charge for year

193,315

At 31st March 2026

195,180

NET BOOK VALUE

At 31st March 2026

2,078,975

At 31st March 2025

147,540

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

237,180

Revaluations

22,820

At 31st March 2026

260,000

NET BOOK VALUE

At 31st March 2026

260,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

274,947

67,512

Other debtors

16,426

362,518

291,373

430,030

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

9,640

10,268

Hire purchase contracts (see note 10)

774,272

167,477

Payments on account

239,302

80,090

Trade creditors

76,454

330,236

Other creditors

19,458

20,394

1,119,126

608,465

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

9,640

Hire purchase contracts (see note 10)

1,035,506

132,354

Other creditors

169,000

65,000

1,204,506

206,994

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Gross obligations repayable:

Within one year

845,091

178,439

Between one and five years

1,148,390

150,747

1,993,481

329,186

Finance charges repayable:

Within one year

70,819

10,962

Between one and five years

112,884

18,393

183,703

29,355

Net obligations repayable:

Within one year

774,272

167,477

Between one and five years

1,035,506

132,354

1,809,778

299,831

Non-cancellable

operating leases

2026

2025

£

£

Within one year

17,000

17,000

Between one and five years

34,000

51,000

51,000

68,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Class:

Nominal

2026

2025

value:

£

£

Ordinary A

£1

200

200

Ordinary B

£1

200

200

Ordinary C

£1

10

10

Ordinary D

£1

9

9

Ordinary E

£1

20

20

Ordinary F

£1

10

10

449

449

12.

RESERVES

Fair

value

reserve

£

Transfer between reserves

17,115

At 31st March 2026

17,115

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

R Nixon and Mrs N C Nixon

Balance outstanding at start of year

-

13,200

Amounts repaid

-

(13,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The directors operate a current account with the company. The balance due from the above directors as at 31 March 2026 amounted to £nil (2025: £nil).

Loans are repayable on demand. No interest is charged on the directors current accounts that are owing to the company.