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REGISTERED NUMBER: 08329085 (England and Wales)















MIKE EVANS BUILDING & PLASTERING
CONTRACTORS LTD

Unaudited Financial Statements

for the Year Ended 31 December 2022






MIKE EVANS BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 08329085)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIKE EVANS BUILDING & PLASTERING
CONTRACTORS LTD

Company Information
for the Year Ended 31 December 2022







DIRECTORS: M Evans
K L Evans





REGISTERED OFFICE: Ty Diwedd Gamlyn Terrace
Hirwaun
Aberdare
RCT
CF44 9LG





REGISTERED NUMBER: 08329085 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

MIKE EVANS BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 08329085)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,400
Tangible assets 5 29,053 25,752
29,053 29,152

CURRENT ASSETS
Stocks 6,100 6,480
Debtors 6 34,946 20,740
Cash at bank 166,196 69,856
207,242 97,076
CREDITORS
Amounts falling due within one year 7 96,810 54,029
NET CURRENT ASSETS 110,432 43,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,485

72,199

CREDITORS
Amounts falling due after more than one year 8 (25,000 ) (36,000 )

PROVISIONS FOR LIABILITIES (5,520 ) (4,893 )
NET ASSETS 108,965 31,306

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 108,865 31,206
SHAREHOLDERS' FUNDS 108,965 31,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MIKE EVANS BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 08329085)

Balance Sheet - continued
31 December 2022


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

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 5 October 2023 and were signed on its behalf by:





M Evans - Director


MIKE EVANS BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 08329085)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Mike Evans Building & Plastering Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MIKE EVANS BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 08329085)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 34,000
AMORTISATION
At 1 January 2022 30,600
Charge for year 3,400
At 31 December 2022 34,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 3,400

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2022 21,540 66,766 88,306
Additions 289 22,990 23,279
Disposals - (42,686 ) (42,686 )
At 31 December 2022 21,829 47,070 68,899
DEPRECIATION
At 1 January 2022 14,658 47,896 62,554
Charge for year 1,734 4,679 6,413
Eliminated on disposal - (29,121 ) (29,121 )
At 31 December 2022 16,392 23,454 39,846
NET BOOK VALUE
At 31 December 2022 5,437 23,616 29,053
At 31 December 2021 6,882 18,870 25,752

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 25,689 10,592
Other debtors 9,257 10,148
34,946 20,740

MIKE EVANS BUILDING & PLASTERING
CONTRACTORS LTD (REGISTERED NUMBER: 08329085)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 10,000 9,000
Hire purchase contracts - 3,279
Trade creditors 33,695 9,752
Taxation and social security 33,980 19,185
Other creditors 19,135 12,813
96,810 54,029

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 25,000 36,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
M Evans and K L Evans
Balance outstanding at start of year (5,215 ) 26,726
Amounts advanced 101,943 36,070
Amounts repaid (104,465 ) (68,011 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,737 ) (5,215 )