The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Clive Price Transport Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Yard, Llanigon, Hereford, United Kingdom, HR3 5PN.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Turnover represents amounts receivable for goods and services provided in the normal cause of business, net of trade discounts, VAT and other sales-related taxes.

Revenue from contracts for the provision of haulage services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

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.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Debtors and creditors with no stated interest rate and receivable or payable within on year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account as other administrative expenses.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

The average monthly number of persons (including directors) employed by the company during the year was:

Included in land and buildings freehold is land of £748,522 (2025: £748,229) which is not depreciated.

During the year the company entered into the following transactions with related parties:

The company paid dividends of £1,000,000 (2025:£500,000) to RC465 Holdings Ltd within the year.

The company operates a loan account with RC465 Holdings Ltd. As at the year end, the total amount due from RC465 Holdings Ltd was £1,048,908 (2025: £nil). This amount is included in debtors , amounts falling due within one year.

The total amount owed by RC465 Holdings Ltd was £nil (2025: £467,515). this amount is included in creditors: amounts falling due within one year.

Mr R C Price is a Director and shareholder of RC465 Holding Ltd. and director of Clive Price Transport Ltd. (2025: Director and shareholder of Clive Price Transport Ltd).

The company operated a loan account with Maple Tree Rentals Limited. During the year the loan was repaid by Maple Tree Rentals . At at the year end, the total amount outstanding from Maple Tree Rentals was £nil, (2025: £218,747), and was included in debtors: amounts falling due within one year. Mr R Price is a director and shareholder in both companies.

The ultimate parent company is RC465 Holdings Limited, (Company Number 16329865) The Yard, Llanigon Hereford HR35PN

The ultimate controlling party is Mr R C Price by virtue of his majority shareholding in RC465 Holdings Ltd.