Registered number
07456322
C.V.E. (LONDON) LIMITED
Unaudited Filleted Accounts
31 March 2026

C.V.E. (LONDON) LIMITED
Registered number: | 07456322
Balance Sheet
as at 31 March 2026
Notes |  |  | 2026 |  |  | 2025
£ | £
Fixed assets
Tangible assets | 3 |  |  | 1,865,983 |  |  | 1,648,538
Investments | 4 |  |  | 100 |  |  | 100
|  |  |  | 1,866,083 |  |  | 1,648,638
Current assets
Stocks |  |  | 1,105,636 |  |  | 1,469,987
Debtors | 5 |  | 153,857 |  |  | 103,100
Cash at bank and in hand |  |  | 51,887 |  |  | -
|  |  | 1,311,380 |  |  | 1,573,087
Creditors: amounts falling due within one year | 6 |  | (257,020) |  |  | (520,693)
Net current assets |  |  |  | 1,054,360 |  |  | 1,052,394
Total assets less current liabilities |  |  |  | 2,920,443 |  |  | 2,701,032
Creditors: amounts falling due after more than one year | 7 |  |  | (695,535) |  |  | (641,960)
Provisions for liabilities |  |  |  | (6,867) |  |  | (6,867)
Net assets |  |  |  | 2,218,041 |  |  | 2,052,205
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 2,217,941 |  |  | 2,052,105
Shareholders' funds |  |  |  | 2,218,041 |  |  | 2,052,205
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.
M W REES
Director
Approved by the board on 29 June 2026

C.V.E. (LONDON) LIMITED
Notes to the Accounts
for the year ended 31 March 2026
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| C.V.E. (London) Limited is the parent company of Rees Brothers (London) Limited and these accounts present information about the parent undertaking as an individual undertaking and not about the group.
| The company's investment in its subsidiary company was initially recorded at cost and is subsequently included at cost less any impairment.
| Consolidated accounts
| The company and group are exempt from the requirement to present consolidated accounts on the grounds that they qualify as a small group under the Companies Act 2006.
| 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 which are provided mainly to the goods available for sale. Turnover from the sale of goods and the services relating to those goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | 20% on book values
| Motor vehicles | 25% on book values
| Freehold land | Nil
| Freehold buildings | 2% on cost
| 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). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| 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.
2 | Employees | 2026 |  | 2025
Number | Number
| Average number of persons employed by the company | 4 |  | 6
3 | Tangible fixed assets
|  | Land and buildings |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost
| At 1 April 2025 | 1,618,773 |  | 81,770 |  | 50,250 |  | 1,750,793
| Additions | 220,503 |  | 10,010 |  | - |  | 230,513
| At 31 March 2026 | 1,839,276 |  | 91,780 |  | 50,250 |  | 1,981,306
| Depreciation
| At 1 April 2025 | - |  | 53,111 |  | 49,144 |  | 102,255
| Charge for the year | - |  | 11,962 |  | 1,106 |  | 13,068
| At 31 March 2026 | - |  | 65,073 |  | 50,250 |  | 115,323
| Net book value
| At 31 March 2026 | 1,839,276 |  | 26,707 |  | - |  | 1,865,983
| At 31 March 2025 | 1,618,773 |  | 28,659 |  | 1,106 |  | 1,648,538
| The directors have established that the residual value of the land and buildings exceeds their original cost and therefore no impairment has occurred and a provision for depreciation is not required.
4 | Investments
Investments in
subsidiary
undertakings
£
| Cost
| At 1 April 2025 | 100
| At 31 March 2026 | 100
| At 31 March 2026 the aggregate issued share capital and reserves of the subsidiary company amounted to £6,019 (2025 - £9,242) and its profit after tax for the year then ended amounted to £286,777 (2025 - £330,939).
5 | Debtors | 2026 |  | 2025
£ | £
| Trade debtors | 16,740 |  | 2,450
| Amounts owed by group undertakings |  | - |  | 16,251
| Amounts owed by connected undertakings |  |  |  | 56,005 |  | 25,000
| Other debtors |  |  |  |  | 20,000 |  | -
| VAT refunds | 61,112 |  | 59,399
|  |  |  |  |  | 153,857 |  | 103,100
6 | Creditors: amounts falling due within one year | 2026 |  | 2025
£ | £
| Bank loans and overdrafts | 75,625 |  | 266,252
| Obligations under finance lease and hire purchase contracts | 70,351 |  | 70,351
| Trade creditors | 175,427 |  | 247,583
| Amounts owed to group undertakings |  | 285,044 |  | -
| Corporation tax | 41,028 |  | 65,922
| Other taxes and social security costs | 1,687 |  | 1,092
| Participators' loan accounts | (449,168) |  | (138,649)
| Other creditors | 57,026 |  | 8,142
|  |  |  |  |  | 257,020 |  | 520,693
7 | Creditors: amounts falling due after one year | 2026 |  | 2025
£ | £
| Bank loans | 623,955 |  | 500,000
| Obligations under finance lease and hire purchase contracts | 71,580 |  | 141,960
|  |  |  |  |  | 695,535 |  | 641,960
8 | Loans | 2026 |  | 2025
£ | £
| Creditors include:
| Secured bank loans | 699,580 |  | 766,252
| The bank loans and overdraft are secured by a fixed and floating charge over all the company's assets, property and undertaking of the company.
9 | Related party transactions
| Dividends paid to the participators during the year amounted to £120,000 (2025 - £120,000).
| Other than as disclosed above, there were no related party transactions which were carried out at other than normal market values and conditions.
10 | Controlling party
| Throughout this and the previous period the company was under the control of the director and shareholders.
11 | Other information
| C.V.E. (LONDON) LIMITED is a private company limited by shares and incorporated in England. Its registered office is Dawes Court House, Dawes Court, High Street, Esher, KT10 9QD.

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