1 April 2022 v2023.25.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP094999702022-04-012023-03-31094999702023-03-31094999702022-03-3109499970core:WithinOneYear2023-03-3109499970core:WithinOneYear2022-03-3109499970core:AfterOneYear2023-03-3109499970core:AfterOneYear2022-03-3109499970core:ShareCapital2023-03-3109499970core:ShareCapital2022-03-3109499970core:RetainedEarningsAccumulatedLosses2023-03-3109499970core:RetainedEarningsAccumulatedLosses2022-03-3109499970bus:Director12022-04-012023-03-3109499970bus:RegisteredOffice2022-04-012023-03-31094999702021-04-012022-03-3109499970core:LandBuildings2022-04-0109499970core:PlantMachinery2022-04-01094999702022-04-0109499970core:PlantMachinery2022-04-012023-03-3109499970core:LandBuildings2023-03-3109499970core:PlantMachinery2023-03-3109499970core:LandBuildings2022-03-3109499970core:PlantMachinery2022-03-310949997012022-04-012023-03-3109499970countries:EnglandWales2022-04-012023-03-3109499970bus:AuditExemptWithAccountantsReport2022-04-012023-03-3109499970bus:PrivateLimitedCompanyLtd2022-04-012023-03-3109499970bus:SmallEntities2022-04-012023-03-3109499970bus:FullAccounts2022-04-012023-03-31
Company registration number:
09499970
Evans European Transport Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2023
Evans European Transport Limited
Statement of Financial Position
31 March 2023
20232022
Note££
Fixed assets    
Tangible assets 5
889,792
 
1,029,013
 
Current assets    
Debtors 6
226,553
 
285,631
 
Cash at bank and in hand
488,531
 
566,943
 
715,084
 
852,574
 
Creditors: amounts falling due within one year 7
(278,679
)
(338,642
)
Net current assets
436,405
 
513,932
 
Total assets less current liabilities 1,326,197   1,542,945  
Creditors: amounts falling due after more than one year 8
(416,335
)
(552,589
)
Provisions for liabilities
(84,730
)
(91,868
)
Net assets
825,132
 
898,488
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
825,032
 
898,388
 
Shareholders funds
825,132
 
898,488
 
For the 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 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
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.
These
financial statements
were approved by the board of directors and authorised for issue on
6 November 2023
, and are signed on behalf of the board by:
Mr C Evans
Director
Company registration number:
09499970
Evans European Transport Limited
Notes to the Financial Statements
Year ended
31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit C Jackson Place
,
Wilton Road Industrial Estate
,
Grimsby
,
North East Lincolnshire
,
DN36 4AS
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

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.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
21
(2022:
26
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2022
545,500
 
1,342,661
 
1,888,161
 
Additions -  
73,833
 
73,833
 
Disposals -  
(162,425
)
(162,425
)
At
31 March 2023
545,500
 
1,254,069
 
1,799,569
 
Depreciation      
At
1 April 2022
-  
859,148
 
859,148
 
Charge -  
213,054
 
213,054
 
Disposals -  
(162,425
)
(162,425
)
At
31 March 2023
-  
909,777
 
909,777
 
Carrying amount      
At
31 March 2023
545,500
 
344,292
 
889,792
 
At 31 March 2022
545,500
 
483,513
 
1,029,013
 

6 Debtors

20232022
££
Trade debtors
215,439
 
277,954
 
Other debtors
11,114
 
7,677
 
226,553
 
285,631
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
23,351
 
24,400
 
Trade creditors
17,953
 
41,864
 
Taxation and social security
83,563
 
108,774
 
Other creditors
153,812
 
163,604
 
278,679
 
338,642
 
The hire purchase creditor is secured on the assets to which it relates.
Bank loans and overdrafts are secured by way of fixed and floating charges over the company's freehold property and other assets.

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
219,022
 
241,316
 
Other creditors
197,313
 
311,273
 
416,335
 
552,589
 
The hire purchase creditor is secured on the assets to which it relates.
Bank loans and overdrafts are secured by way of fixed and floating charges over the company's freehold property and other assets.