Everest Clad Ltd Filleted Accounts Cover
Everest Clad Ltd
Company No. 09662513
Information for Filing with The Registrar
31 March 2023
Everest Clad Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2023.
Principal activities
The principal activity of the company during the year under review was cladding.
Directors
The Directors who served at any time during the year were as follows:
E. Arnaut
V. Bumbu
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
V. Bumbu
Director
31 March 2023
Everest Clad Ltd Balance Sheet Registrar
at
31 March 2023
Company No.
09662513
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
27,68347,007
27,68347,007
Current assets
Debtors
5
122,37177,730
Cash at bank and in hand
110,691185,550
233,062263,280
Creditors: Amount falling due within one year
6
(46,598)
(47,103)
Net current assets
186,464216,177
Total assets less current liabilities
214,147263,184
Creditors: Amounts falling due after more than one year
7
(31,586)
(42,555)
Net assets
182,561220,629
Capital and reserves
Called up share capital
11
Profit and loss account
8
182,560220,628
Total equity
182,561220,629
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2023
And signed on its behalf by:
V. Bumbu
Director
31 March 2023
Everest Clad Ltd Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Its registered number is: 09662513
Its registered office is:
33 Church Road
Harold Wood
Romford
RM3 0JX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• 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 economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20% Straight line
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
44
4
Tangible fixed assets
Motor vehicles
Total
£
£
Cost or revaluation
At 1 April 2022
96,61996,619
At 31 March 2023
96,61996,619
Depreciation
At 1 April 2022
49,61249,612
Charge for the year
19,32419,324
At 31 March 2023
68,93668,936
Net book values
At 31 March 2023
27,68327,683
At 31 March 2022
47,007
47,007
5
Debtors
2023
2022
£
£
VAT recoverable
11,6187,730
Loans to directors
100,00070,000
Other debtors
10,753-
122,37177,730
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
46,598
47,103
46,59847,103
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
31,58642,555
31,58642,555
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
120,000
80,000
120,000
80,000
Dividends by type:
Equity dividends
120,00080,000
120,000
80,000
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