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Registered number:  04315643














EVANS BELLHOUSE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


 
EVANS BELLHOUSE LIMITED
 
 
COMPANY INFORMATION


Directors
Michael John Thomas Beer 
Alan James Beer 
Lee Hamilton Johnson 
Edward John Kilgannon (appointed 24 September 2021)




Company secretary
Michael John Thomas Beer



Registered number
04315643



Registered office
1 Boundary Street

Liverpool

Merseyside

L5 9UD





 
EVANS BELLHOUSE LIMITED
 

CONTENTS



Page
Strategic report
1
Directors' report
2 - 3
Independent auditors' report
4 - 7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Analysis of net debt
11
Notes to the financial statements
12 - 23


 
EVANS BELLHOUSE LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021

Business review
 
The results for the year and financial position of the company are shown in the annexed financial statements.
Annual turnover has increased by £5.19m in 2021 which represents a 48% increase on the previous year.
The company achieved a gross profit margin of 20.1% compared to that of 16.5% in 2020.

Principal risks and uncertainties
 
Principal risks to the company continue to be uncertainty within the building industry but despite this uncertainty the company anticipates further growth in turnover and profitability in the future.

Financial key performance indicators
 
The company uses a range of industry specific, tailored KPIs to monitor the company's profitability and working capital requirements.


This report was approved by the board on 1 September 2022 and signed on its behalf.



M J T Beer
Director

Page 1

 
EVANS BELLHOUSE LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021

The directors present their report and the financial statements for the year ended 31 December 2021.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £1,519,986 (2020 - £786,827).

The directors do not recommend a dividend for the year (2020: £nil).

Directors

The directors who served during the year were:

Michael John Thomas Beer 
Alan James Beer 
Lee Hamilton Johnson 
Edward John Kilgannon (appointed 24 September 2021)

Future developments

The directors are satisfied with the result for the year and are positive for the future, based on the ongoing improvements initiatives within the business.

Page 2

 
EVANS BELLHOUSE LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditors

The auditorsLangtons Professional Services Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 1 September 2022 and signed on its behalf.
 





M J T Beer
Director

Page 3

 
EVANS BELLHOUSE LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EVANS BELLHOUSE LIMITED
 

Opinion


We have audited the financial statements of Evans Bellhouse Limited (the 'Company') for the year ended 31 December 2021, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2021 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 4

 
EVANS BELLHOUSE LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EVANS BELLHOUSE LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and  our Auditors' report thereon.  The directors are responsible for the other information contained within the Annual Report.  Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated.  If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.  If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 
EVANS BELLHOUSE LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EVANS BELLHOUSE LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit, in respect to fraud, are: 
• to identify and assess the risks of material misstatement of the financial statements due to fraud; 
• to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due
 to fraud, through designing and implementing appropriate responses; and 
• to respond appropriately to fraud or suspected fraud identified during the audit. 
However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. 
Our approach was as follows: 
• We obtained an understanding of the legal and regulatory frameworks that are applicable to the     Company and determined that the most significant are those that relate to the reporting framework (FRS   102 and  the Companies Act 2006), the relevant tax compliance regulations in the UK and the EU     General Data Protection Regulation (GDPR). 
• We understood how the Company is complying with those frameworks by making enquiries of
  management. 
Through consideration of the results of our audit procedures we were able to either corroborate or provide contrary evidence which was then followed up.
Based on our understanding we designed our audit procedures to identify non-compliance with laws and regulations. Our procedures involved: 
• enquiries of management; and 
• journal entry testing, with a focus on journals indicating large or unusual transactions based on our
  understanding of the business. 
We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur by meeting with management to understand where it considered there was susceptibility to fraud. We also considered performance targets and their propensity to influence efforts made by management to manage revenue and earnings. Where the risk was considered to be higher, including areas impacting key performance indicators or management remuneration, we performed audit procedures to address each identified fraud risk or other risk of material misstatement. These procedures included those on revenue recognition detailed above, the assessment of items identified by management as non-recurring and testing manual journals and were designed to provide reasonable assurance that the financial statements were free from material fraud or error.

Page 6

 
EVANS BELLHOUSE LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF EVANS BELLHOUSE LIMITED (CONTINUED)



A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Mr Eifion Roberts (Senior statutory auditor)
  
for and on behalf of
Langtons Professional Services Limited
 
Chartered Accountants
Statutory Auditor
  

1 September 2022
Page 7

 
EVANS BELLHOUSE LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2021

2021
2020
Note
£
£

  

Turnover
 4 
16,004,695
10,814,251

Cost of sales
  
(12,784,677)
(9,033,697)

Gross profit
  
3,220,018
1,780,554

Administrative expenses
  
(1,333,856)
(802,383)

Other operating income
 5 
-
2,889

Operating profit
  
1,886,162
981,060

Interest receivable and similar income
 9 
3,887
951

Interest payable and similar expenses
 10 
(6,188)
(6,511)

Profit before tax
  
1,883,861
975,500

Tax on profit
 11 
(363,875)
(188,673)

Profit for the financial year
  
1,519,986
786,827

There were no recognised gains and losses for 2021 or 2020 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2021 (2020:£NIL).

The notes on pages 12 to 23 form part of these financial statements.

Page 8

 
EVANS BELLHOUSE LIMITED
REGISTERED NUMBER: 04315643

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 12 
279,729
344,676

  
279,729
344,676

Current assets
  

Stocks
 13 
1,445,778
1,004,197

Debtors: amounts falling due within one year
 14 
3,674,555
3,135,569

Cash at bank and in hand
 15 
1,242,771
831,639

  
6,363,104
4,971,405

Creditors: amounts falling due within one year
 16 
(2,556,452)
(2,800,584)

Net current assets
  
 
 
3,806,652
 
 
2,170,821

Total assets less current liabilities
  
4,086,381
2,515,497

Creditors: amounts falling due after more than one year
 17 
(105,249)
(53,051)

Provisions for liabilities
  

Deferred tax
 19 
(36,100)
(37,400)

  
 
 
(36,100)
 
 
(37,400)

Net assets
  
3,945,032
2,425,046


Capital and reserves
  

Called up share capital 
 20 
5,203
5,203

Share premium account
 21 
88,291
88,291

Other reserves
 21 
2,613
2,613

Profit and loss account
 21 
3,848,925
2,328,939

  
3,945,032
2,425,046


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 September 2022.




M J T Beer
Director

The notes on pages 12 to 23 form part of these financial statements.

Page 9

 
EVANS BELLHOUSE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2021
5,203
88,291
2,613
2,328,939
2,425,046



Profit for the year
-
-
-
1,519,986
1,519,986


At 31 December 2021
5,203
88,291
2,613
3,848,925
3,945,032


The notes on pages 12 to 23 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2020


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£

At 1 January 2020
5,203
88,291
2,613
1,542,112
1,638,219



Profit for the year
-
-
-
786,827
786,827


At 31 December 2020
5,203
88,291
2,613
2,328,939
2,425,046


The notes on pages 12 to 23 form part of these financial statements.

Page 10

 
EVANS BELLHOUSE LIMITED
 

ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2021




At 1 January 2021
Cash flows
At 31 December 2021
£

£

£

Cash at bank and in hand

831,639

411,132

1,242,771

Debt due within 1 year

(113)

(281)

(394)

Finance leases

(95,156)

(73,531)

(168,687)


736,370
337,320
1,073,690

The notes on pages 12 to 23 form part of these financial statements.

Page 11

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Evans Bellhouse Limited is a private limited company, limited by shares, incorporated in England and Wales.  Its registered office is 1 Boundary Street, Liverpool, Merseyside, L5 9UD.  The company number is 04315643.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

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

Page 12

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 13

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using various rates and techniques appropriate..

Depreciation is provided on the following basis:

Leasehold property
-
5%
straight line
Property improvements
-
10%
straight line
Racking and machinery
-
10%
straight line
Motor vehicles and fork lift trucks
-
25%
reducing balance
Fixtures and fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 14

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The directors have made judgements with regards to the depreciation of assets, valuation of stock and recoverability of bad debts in preparing these financial statements.


4.


Turnover

An analysis of turnover by class of business is as follows:


2021
2020
£
£

Softwood importers and wholesalers
16,004,695
10,814,251

16,004,695
10,814,251


All turnover arose within the United Kingdom.

Page 15

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Other operating income

2021
2020
£
£

Government grants receivable
-
2,889

-
2,889



6.


Auditors' remuneration

2021
2020
£
£


Fees payable to the Company's auditor and its associates for the audit of the Company's annual financial statements
6,625
-




7.


Employees

Staff costs, including directors' remuneration, were as follows:


2021
2020
£
£

Wages and salaries
517,384
415,812

Social security costs
28,486
15,849

Cost of defined contribution scheme
212,737
11,840

758,607
443,501


The average monthly number of employees, including the directors, during the year was as follows:


        2021
        2020
            No.
            No.







Administration
9
9

Page 16

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Directors' remuneration

2021
2020
£
£

Directors' emoluments
208,663
123,634

Company contributions to defined contribution pension schemes
204,363
3,567

413,026
127,201



9.


Interest receivable

2021
2020
£
£


Other interest receivable
3,887
951

3,887
951


10.


Interest payable and similar expenses

2021
2020
£
£


Bank interest payable
474
1,403

Finance leases and hire purchase contracts
5,714
5,108

6,188
6,511

Page 17

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

11.


Taxation


2021
2020
£
£

Corporation tax


Current tax on profits for the year
365,175
174,473


Deferred tax


Origination and reversal of timing differences
(1,300)
14,200


Taxation on profit on ordinary activities
363,875
188,673

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2020 - the same as) the standard rate of corporation tax in the UK of 19% (2020 - 19%) as set out below:

2021
2020
£
£


Profit on ordinary activities before tax
1,883,861
975,500


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2020 - 19%)
357,934
185,345

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
275
151

Effect of a change in tax rate leading to an increase (decrease) in taxation
5,666
3,177

Total tax charge for the year
363,875
188,673


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 18

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

12.


Tangible fixed assets





Leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 January 2021
133,327
93,103
434,326
660,756


Additions
-
59,301
5,000
64,301


Disposals
-
(17,700)
-
(17,700)



At 31 December 2021

133,327
134,704
439,326
707,357



Depreciation


At 1 January 2021
20,159
77,353
218,569
316,081


Charge for the year on owned assets
36,904
4,537
29,213
70,654


Charge for the year on financed assets
-
13,434
43,913
57,347


Disposals
-
(16,454)
-
(16,454)



At 31 December 2021

57,063
78,870
291,695
427,628



Net book value



At 31 December 2021
76,264
55,834
147,631
279,729



At 31 December 2020
113,168
15,750
215,758
344,676




The net book value of land and buildings may be further analysed as follows:


2021
2020
£
£

Leasehold property
76,265
113,168

76,265
113,168


Page 19

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

           12.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Plant and machinery
44,379
-

Motor vehicles
89,118
102,479

133,497
102,479


13.


Stocks

2021
2020
£
£

Raw materials and consumables
1,445,778
1,004,197

1,445,778
1,004,197



14.


Debtors

2021
2020
£
£


Trade debtors
2,176,231
1,726,787

Amounts owed by joint ventures and associated undertakings
1,382,680
1,401,140

Prepayments and accrued income
115,644
7,642

3,674,555
3,135,569



15.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
1,242,771
831,639

1,242,771
831,639


Page 20

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

16.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
1,499,346
1,770,078

Corporation tax
365,175
230,004

Other taxation and social security
453,199
655,325

Obligations under finance lease and hire purchase contracts
63,438
42,105

Other creditors
6,588
1,236

Accruals and deferred income
168,706
101,836

2,556,452
2,800,584



17.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Net obligations under finance leases and hire purchase contracts
105,249
53,051

105,249
53,051



18.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2021
2020
£
£


Within one year
68,378
45,328

Between 1-5 years
110,904
57,346

179,282
102,674

Page 21

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

19.


Deferred taxation




2021


£






At beginning of year
(37,400)


Charged to profit or loss
1,300



At end of year
(36,100)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(36,100)
(37,400)

(36,100)
(37,400)


20.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



5,203 (2020 - 5,203) Ordinary shares of £1.00 each
5,203
5,203



21.


Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.


22.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £212,737 (2020 - £11,840) .

Page 22

 
EVANS BELLHOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

23.


Related party transactions

Included within debtors is an amount of £1,382,680 (2020: £1,401,140) owed from related parties.
Included within creditors is an amount of £6,194 (2020: £1,123) owed to related parties. 
During the year the company paid management charges of £319,953 (2020: £216,357) to entities under common control.
All transactions were conducted at an arms length basis.


24.


Ultimate controlling party

The company is controlled by its directors.

 
Page 23