9 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 140,000 70,000 7,000 77,000 63,000 70,000 xbrli:pure xbrli:shares iso4217:GBP 07942491 2022-04-01 2023-03-31 07942491 2023-03-31 07942491 2022-03-31 07942491 2021-04-01 2022-03-31 07942491 2022-03-31 07942491 2021-03-31 07942491 core:NetGoodwill 2022-04-01 2023-03-31 07942491 core:PlantMachinery 2022-04-01 2023-03-31 07942491 core:MotorVehicles 2022-04-01 2023-03-31 07942491 bus:Director1 2022-04-01 2023-03-31 07942491 core:WithinOneYear 2023-03-31 07942491 core:WithinOneYear 2022-03-31 07942491 core:NetGoodwill 2022-03-31 07942491 core:NetGoodwill 2023-03-31 07942491 core:PlantMachinery 2022-03-31 07942491 core:MotorVehicles 2022-03-31 07942491 core:PlantMachinery 2023-03-31 07942491 core:MotorVehicles 2023-03-31 07942491 core:ShareCapital 2023-03-31 07942491 core:ShareCapital 2022-03-31 07942491 core:RetainedEarningsAccumulatedLosses 2023-03-31 07942491 core:RetainedEarningsAccumulatedLosses 2022-03-31 07942491 core:NetGoodwill 2022-03-31 07942491 core:PlantMachinery 2022-03-31 07942491 core:MotorVehicles 2022-03-31 07942491 bus:Director1 2022-03-31 07942491 bus:Director1 2023-03-31 07942491 bus:Director1 2021-03-31 07942491 bus:Director1 2022-03-31 07942491 bus:Director1 2021-04-01 2022-03-31 07942491 bus:SmallEntities 2022-04-01 2023-03-31 07942491 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07942491 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07942491 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07942491 bus:FullAccounts 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 07942491
Evans Marquee Hire Limited
Filleted Unaudited Financial Statements
For the year to
31 March 2023
Evans Marquee Hire Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
63,000
70,000
Tangible assets
6
56,206
46,448
-----------
-----------
119,206
116,448
Current assets
Debtors
7
62,157
59,150
Cash at bank and in hand
90,324
154,319
-----------
-----------
152,481
213,469
Creditors: amounts falling due within one year
8
52,222
99,092
-----------
-----------
Net current assets
100,259
114,377
-----------
-----------
Total assets less current liabilities
219,465
230,825
Provisions
Taxation including deferred tax
10,679
8,825
-----------
-----------
Net assets
208,786
222,000
-----------
-----------
Evans Marquee Hire Limited
Statement of Financial Position (continued)
31 March 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
208,686
221,900
-----------
-----------
Shareholders funds
208,786
222,000
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 November 2023 , and are signed on behalf of the board by:
Mr S E Evans
Director
Company registration number: 07942491
Evans Marquee Hire Limited
Notes to the Financial Statements
Year ended 31st March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is South Building Butler Works, Wyresdale Road, Lancaster, Lancs, LA1 3JJ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Marquees and equipment
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 11 ).
5. Intangible assets
Goodwill
£
Cost
At 1st April 2022 and 31st March 2023
140,000
-----------
Amortisation
At 1st April 2022
70,000
Charge for the year
7,000
-----------
At 31st March 2023
77,000
-----------
Carrying amount
At 31st March 2023
63,000
-----------
At 31st March 2022
70,000
-----------
6. Tangible assets
Marquees and equipment
Motor vehicles
Total
£
£
£
Cost
At 1st April 2022
96,578
27,000
123,578
Additions
16,332
5,000
21,332
-----------
---------
-----------
At 31st March 2023
112,910
32,000
144,910
-----------
---------
-----------
Depreciation
At 1st April 2022
59,195
17,935
77,130
Charge for the year
8,057
3,517
11,574
-----------
---------
-----------
At 31st March 2023
67,252
21,452
88,704
-----------
---------
-----------
Carrying amount
At 31st March 2023
45,658
10,548
56,206
-----------
---------
-----------
At 31st March 2022
37,383
9,065
46,448
-----------
---------
-----------
7. Debtors
2023
2022
£
£
Trade debtors
10,246
8,502
Prepayments and accrued income
2,267
1,806
Directors loan account
49,644
48,842
---------
---------
62,157
59,150
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,251
2,811
Accruals and deferred income
3,619
3,334
Corporation tax
6,563
22,417
Social security and other taxes
8,329
12,818
Other creditors
32,460
57,712
---------
---------
52,222
99,092
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr S E Evans
48,842
802
49,644
---------
-----
---------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr S E Evans
29,797
19,045
48,842
---------
---------
---------
10. Related party transactions
The company was under the control of Mr S E Evans and Mrs M Evans throughout the current year. Mr S E Evans and Mrs M Evans are the managing directors and majority shareholders. During the year Mr S E Evans and Mrs M Evans borrowed funds from the company and as at the year end date the balance was £49,644 (2022: £48,842). The company has charged the directors interest on these borrowings. The company during the year paid rent of £30,000 (2022 - £30,000) for land and buildings to Mr S E Evans .