Cleeve Materials Handling Limited - Accounts to registrar (filleted) - small 18.2
Cleeve Materials Handling Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Cleeve Materials Handling Limited |
| Financial Statements For The Year Ended 31 July 2021 |
| Cleeve Materials Handling Limited (Registered number: 06872446) |
| Contents of the Financial Statements |
| For The Year Ended 31 July 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Cleeve Materials Handling Limited |
| Company Information |
| For The Year Ended 31 July 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Sidings Court |
| Lakeside |
| Doncaster |
| South Yorkshire |
| DN4 5NU |
| BANKERS: |
| 14 Commercial Street |
| Sheffield |
| South Yorkshire |
| S1 2AT |
| Cleeve Materials Handling Limited (Registered number: 06872446) |
| Balance Sheet |
| 31 July 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 |
| Cleeve Materials Handling Limited (Registered number: 06872446) |
| Notes to the Financial Statements |
| For The Year Ended 31 July 2021 |
| 1. | STATUTORY INFORMATION |
| Cleeve Materials Handling Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company made a profit of £57,275 profit in the year and at the balance sheet date had a surplus of net assets of £4,976. The accounts have been prepared on the going concern basis. The directors consider this basis to be appropriate as the parent undertaking has provided an undertaking to support the company for a period of at least one year from the date of approval of these financial statements and they anticipate the company will continue to generate profits in the foreseeable future. The amount owed to group undertakings at the year end was £57,301. |
| Turnover |
| Turnover is the total value of work completed in the year together with the value of incomplete contracts for the supply and installation of goods. Maintenance works and manufactured goods are recognised upon completion and delivery as appropriate. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been fully amortised. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Depreciation is charged following the month of acquisition. |
| 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. |
| 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. |
| Grants |
| Grants received in respect of revenue expenditure are credited to the profit and loss account in the year to which they relate. |
| Cleeve Materials Handling Limited (Registered number: 06872446) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 July 2021 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 August 2020 |
| and 31 July 2021 |
| AMORTISATION |
| At 1 August 2020 |
| and 31 July 2021 |
| NET BOOK VALUE |
| At 31 July 2021 |
| At 31 July 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2020 |
| Disposals | ( |
) | ( |
) |
| At 31 July 2021 |
| DEPRECIATION |
| At 1 August 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 July 2021 |
| NET BOOK VALUE |
| At 31 July 2021 |
| At 31 July 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Amounts recoverable on contracts | 332,484 | 33,534 |
| Prepayments and accrued income |
| Cleeve Materials Handling Limited (Registered number: 06872446) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 July 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1.00 | 1,000 | 1,000 |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | CONTINGENT LIABILITIES |
| There is in place a cross guarantee and debenture between the company and the parent undertaking, Don Valley Engineering Group Limited and four other subsidiaries of the parent undertaking, Don Valley Engineering Company Limited, Don Valley Engineering Construction Limited, Don Valley Engineering Holdings Limited and Don Valley Materials Handling Limited dated 27 March 2019. At the balance sheet date there was there was a total indebtedness to the group's bankers of £1,194,165 (2020:£1,220,475). |
| Against this debt, at the balance sheet date the group had total cash deposits with the group's bankers of £2,103,244 (2020:£1,520,938). |
| 11. | OTHER FINANCIAL COMMITMENTS |
| At the year end, the company had financial commitments of £2,813 (2020: £1,660). |
| 12. | RELATED PARTY DISCLOSURES |
| 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. |
| 13. | PARENT UNDERTAKING AND ULTIMATE HOLDING COMPANY |
| The parent undertaking and ultimate holding company is Don Valley Engineering Group Limited, a private company, limited by shares, registered in England and Wales. The registered office is; Sandall Stones Road, Kirk Sandall, Doncaster, DN3 1QR. |