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REGISTERED NUMBER: 04373557 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

PETER EVANS PARTNERSHIP LIMITED

PETER EVANS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04373557)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER EVANS PARTNERSHIP LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A J Kenyon
H R Vaughan
M E Callaghan





REGISTERED OFFICE: Bath House
6-8 Bath Street
Bristol
Avon
BS1 6HL





REGISTERED NUMBER: 04373557 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

PETER EVANS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04373557)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 52,985 73,684
52,985 73,684

CURRENT ASSETS
Stocks 161,216 179,521
Debtors 6 446,146 301,161
Cash at bank and in hand 216,870 1,023,839
824,232 1,504,521
CREDITORS
Amounts falling due within one year 7 (344,632 ) (274,898 )
NET CURRENT ASSETS 479,600 1,229,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,585

1,303,307

CREDITORS
Amounts falling due after more than one
year

8

(20,852

)

(25,305

)
NET ASSETS 511,733 1,278,002

CAPITAL AND RESERVES
Called up share capital 11 15,000 15,000
Share premium 164,071 164,071
Capital redemption reserve 6,000 6,000
Retained earnings 326,662 1,092,931
SHAREHOLDERS' FUNDS 511,733 1,278,002

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

PETER EVANS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04373557)

Balance Sheet - continued
31 MARCH 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 and authorised for issue by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





H R Vaughan - Director


PETER EVANS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04373557)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. COMPANY INFORMATION

Peter Evans Partnership Limited 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 company's principal activities and nature of its operations was that of transport planning and traffic engineering consultants.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that, the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Bicycles - 50% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued at net realisable value and represents the value of work un-invoiced at the end of the year, based upon the stage of completion of the service provided.

PETER EVANS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04373557)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

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.

PETER EVANS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04373557)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 16 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 200,000
AMORTISATION
At 1 April 2022
and 31 March 2023 200,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
Bicycles fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 558 79,314 102,126 181,998
Additions 1,458 370 - 1,828
At 31 March 2023 2,016 79,684 102,126 183,826
DEPRECIATION
At 1 April 2022 558 65,618 42,138 108,314
Charge for year 486 7,045 14,996 22,527
At 31 March 2023 1,044 72,663 57,134 130,841
NET BOOK VALUE
At 31 March 2023 972 7,021 44,992 52,985
At 31 March 2022 - 13,696 59,988 73,684

PETER EVANS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04373557)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 384,734 246,590
Deferred tax asset - 2,402
Prepayments and accrued income 61,412 52,169
446,146 301,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 3,555 8,908
Trade creditors 27,304 25,804
Tax 68,303 120,695
Social security and other taxes 20,709 18,162
VAT 53,576 82,546
Other creditors 10,959 15,647
Directors' current accounts 150,000 -
Accruals and deferred income 10,226 3,136
344,632 274,898

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 20,852 25,305

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 3,555 8,908
Between one and five years 20,852 25,305
24,407 34,213

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 10,925

PETER EVANS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04373557)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 24,407 34,213

Loans in respect of the hire purchase agreements are secured against the assets to which they relate with a net book value of £24,520 (2022: £49,862).

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,000 Ordinary A shares 1 6,000 6,000
6,000 Ordinary B shares 1 6,000 6,000
3,000 Ordinary C shares 1 3,000 3,000
15,000 15,000

12. RELATED PARTY DISCLOSURES

On 28 October 2022, the shareholders, who are the company's directors, sold their shareholding in the company to Peter Evans Partnership Trust Company Limited, and the company became an employee
owned company.

The shares in the company held by Peter Evans Partnership Trust Company Limited are held ultimately for the benefit of the company's employees. Contributions made by the company to the trust company amounted to £857,667 during the year as shown on page 7

Included in creditors is a loan of £150,000 from the directors to the company. This loan is unsecured, interest free and repayable on demand.