A.J. Everitt Limited 05375709 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of property maintenance. Digita Accounts Production Advanced 6.30.9574.0 true true 05375709 2022-04-01 2023-03-31 05375709 2023-03-31 05375709 core:RetainedEarningsAccumulatedLosses 2023-03-31 05375709 core:ShareCapital 2023-03-31 05375709 core:CurrentFinancialInstruments 2023-03-31 05375709 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05375709 core:FurnitureFittingsToolsEquipment 2023-03-31 05375709 core:MotorVehicles 2023-03-31 05375709 core:OtherPropertyPlantEquipment 2023-03-31 05375709 bus:SmallEntities 2022-04-01 2023-03-31 05375709 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05375709 bus:FullAccounts 2022-04-01 2023-03-31 05375709 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05375709 bus:RegisteredOffice 2022-04-01 2023-03-31 05375709 bus:Director2 2022-04-01 2023-03-31 05375709 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05375709 core:Goodwill 2022-04-01 2023-03-31 05375709 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 05375709 core:MotorVehicles 2022-04-01 2023-03-31 05375709 core:OfficeEquipment 2022-04-01 2023-03-31 05375709 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 05375709 core:PlantMachinery 2022-04-01 2023-03-31 05375709 countries:AllCountries 2022-04-01 2023-03-31 05375709 2022-03-31 05375709 core:FurnitureFittingsToolsEquipment 2022-03-31 05375709 core:MotorVehicles 2022-03-31 05375709 core:OtherPropertyPlantEquipment 2022-03-31 05375709 2021-04-01 2022-03-31 05375709 2022-03-31 05375709 core:RetainedEarningsAccumulatedLosses 2022-03-31 05375709 core:ShareCapital 2022-03-31 05375709 core:CurrentFinancialInstruments 2022-03-31 05375709 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 05375709 core:FurnitureFittingsToolsEquipment 2022-03-31 05375709 core:MotorVehicles 2022-03-31 05375709 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 05375709

A.J. Everitt Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2023

 

A.J. Everitt Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

A.J. Everitt Limited

(Registration number: 05375709)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

4

 

7,153

 

9,562

Current assets

   

 

Stocks

5

22,520

 

27,265

 

Debtors

6

5,817

 

-

 

Cash at bank and in hand

 

11,452

 

7,630

 

 

39,789

 

34,895

 

Creditors: Amounts falling due within one year

7

(25,336)

 

(22,330)

 

Net current assets

   

14,453

 

12,565

Total assets less current liabilities

   

21,606

 

22,127

Provisions for liabilities

 

(1,359)

 

(1,817)

Net assets

   

20,247

 

20,310

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

20,147

 

20,210

 

Total equity

   

20,247

 

20,310

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 October 2023 and signed on its behalf by:
 

.........................................
Mr Alan James Everitt
Director

 

A.J. Everitt Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
11 Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH
United Kingdom

These financial statements were authorised for issue by the Board on 1 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

A.J. Everitt Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2023

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Reducing Balance

Office Equipment

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Amortisation

Asset class

Amortisation method and rate

Goodwill

20% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

A.J. Everitt Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

3,801

15,538

1,608

20,947

At 31 March 2023

3,801

15,538

1,608

20,947

Depreciation

At 1 April 2022

3,734

6,043

1,608

11,385

Charge for the year

35

2,374

-

2,409

At 31 March 2023

3,769

8,417

1,608

13,794

Carrying amount

At 31 March 2023

32

7,121

-

7,153

At 31 March 2022

67

9,495

-

9,562

5

Stocks

2023
£

2022
£

Work in progress

22,520

27,265

6

Debtors

Current

2023
£

2022
£

Other debtors

5,817

-

 

A.J. Everitt Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

7,340

8,652

Taxation and social security

13,879

8,525

Other creditors

4,117

5,153

25,336

22,330