Coombe Valley Transport Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Coombe Valley Transport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00623446 . The registered office is 16A Primrose Road, Dover, Kent, CT17 0JA.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

3.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

3.4. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

3.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance

3.6. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Coombe Valley Transport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.9. Financial Instruments

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3.10. Interest Receivable

Interest income is recognised in the profit and loss account using the effective interest method.

3.11. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.12. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Coombe Valley Transport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 19)

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 April 2024	46,769	103,359	226,773	376,901
Additions	-	5,272	8,993	14,265
Disposals	-	-	(2,500 )	(2,500 )

As at 31 March 2025	46,769	108,631	233,266	388,666

Depreciation
As at 1 April 2024	4,214	56,642	154,734	215,590
Provided during the period	311	7,799	20,217	28,327
Disposals	-	-	(2,336 )	(2,336 )

As at 31 March 2025	4,525	64,441	172,615	241,581

Net Book Value
As at 31 March 2025	42,244	44,190	60,651	147,085

As at 1 April 2024	42,555	46,717	72,039	161,311

6. Stocks

	2025	2024
	£	£
Stock	3,504	2,252

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	269,928	239,562
Prepayments and accrued income	5,787	5,254

	275,715	244,816

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Coombe Valley Transport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	60,419	21,595
Bank loans and overdrafts	9,752	25,218
Other taxes and social security	13,519	13,212
VAT	13,853	15,158
Other payables	-	231
Other creditors (1)	1,380	-
Unpaid pension costs	776	715
Accruals and deferred income	6,807	7,186
Directors' loan accounts	4,607	13,305

	111,113	96,620

The company has received an unsecured loan under the UK Government Bounce Back Loan Scheme, which has the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. Interest charged for the first twelve months was covered by the UK Government.

The BBLS loan has been recognised at its present value.

During the period, the company recognised interest payable of £471 (2024 £726) in connection with the BBLS loan facility.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,619	13,631

10. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	9,752	9,740

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	3,619	13,631

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,000	2,000

12. Pension Commitments

At the balance sheet date contributions of unpaid pensions of £776 (2024 - £715) were due to the fund and are included in creditors.

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Coombe Valley Transport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

13. Off-Balance Sheet Arrangements

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet for lease payments on non-cancellable operating leases is £4,382 (2024 - £4,040)

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		147,085		161,311

			147,085		161,311
CURRENT ASSETS
Stocks	6	3,504		2,252
Debtors	7	275,715		244,816
Cash at bank and in hand		105,288		27,025

		384,507		274,093
Creditors: Amounts Falling Due Within One Year	8	(111,113 )		(96,620 )

NET CURRENT ASSETS (LIABILITIES)			273,394		177,473

TOTAL ASSETS LESS CURRENT LIABILITIES			420,479		338,784

Creditors: Amounts Falling Due After More Than One Year	9		(3,619 )		(13,631 )

NET ASSETS			416,860		325,153

CAPITAL AND RESERVES
Called up share capital	11		2,000		2,000
Profit and Loss Account			414,860		323,153

SHAREHOLDERS' FUNDS			416,860		325,153

Mrs L Glover Director	Mr A Marsh Director	Mrs C Morrey Director
Mr M Husk Director
04/11/2025