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REGISTERED NUMBER: 01562769 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

D. & K. Evans Limited

D. & K. Evans Limited (Registered number: 01562769)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


D. & K. Evans Limited (Registered number: 01562769)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,431 24,313

CURRENT ASSETS
Stocks 74,701 54,741
Debtors 5 127,792 101,284
Cash at bank 313 949
202,806 156,974
CREDITORS
Amounts falling due within one year 6 171,962 108,703
NET CURRENT ASSETS 30,844 48,271
TOTAL ASSETS LESS CURRENT LIABILITIES 58,275 72,584

CREDITORS
Amounts falling due after more than one
year

7

(38,623

)

(49,444

)

PROVISIONS FOR LIABILITIES (6,208 ) (4,619 )
NET ASSETS 13,444 18,521

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,344 18,421
SHAREHOLDERS' FUNDS 13,444 18,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

D. & K. Evans Limited (Registered number: 01562769)

Balance Sheet - continued
31 May 2023


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 Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





Mr K D Evans - Director


D. & K. Evans Limited (Registered number: 01562769)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

D. & K. Evans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01562769

Registered office: Falcon View Buildings
24 Sturgess Street
Stoke on Trent
Staffordshire
ST4 7QH

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 represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - at varying rates on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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.


D. & K. Evans Limited (Registered number: 01562769)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 June 2022 41,088 4,401 12,883
Additions - - -
At 31 May 2023 41,088 4,401 12,883
DEPRECIATION
At 1 June 2022 41,088 3,868 11,772
Charge for year - 182 111
At 31 May 2023 41,088 4,050 11,883
NET BOOK VALUE
At 31 May 2023 - 351 1,000
At 31 May 2022 - 533 1,111

D. & K. Evans Limited (Registered number: 01562769)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 57,490 3,125 118,987
Additions 12,115 - 12,115
At 31 May 2023 69,605 3,125 131,102
DEPRECIATION
At 1 June 2022 34,925 3,021 94,674
Charge for year 8,670 34 8,997
At 31 May 2023 43,595 3,055 103,671
NET BOOK VALUE
At 31 May 2023 26,010 70 27,431
At 31 May 2022 22,565 104 24,313

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 42,365
Transfer to ownership (26,370 )
At 31 May 2023 15,995
DEPRECIATION
At 1 June 2022 21,184
Charge for year 3,139
Transfer to ownership (17,325 )
At 31 May 2023 6,998
NET BOOK VALUE
At 31 May 2023 8,997
At 31 May 2022 21,181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,801 96,119
Other debtors 5,991 5,165
127,792 101,284

D. & K. Evans Limited (Registered number: 01562769)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,018 7,033
Hire purchase contracts 5,265 5,697
Trade creditors 108,981 65,451
Taxation and social security 11,308 21,490
Other creditors 21,390 9,032
171,962 108,703

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,797 39,353
Hire purchase contracts 4,826 10,091
38,623 49,444

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,574 17,130

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 10,091 15,788

The obligations under hire purchase are secured against the asset to which they relate.