IRIS Accounts Production v23.3.1.45 04522381 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045223812022-03-31045223812023-03-31045223812022-04-012023-03-31045223812021-03-31045223812021-04-012022-03-31045223812022-03-3104522381ns10:Originalns15:EnglandWales2022-04-012023-03-3104522381ns14:PoundSterlingns10:Original2022-04-012023-03-3104522381ns10:Originalns10:Director12022-04-012023-03-3104522381ns10:Original2022-04-012023-03-3104522381ns10:Original2023-03-3104522381ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104522381ns10:Originalns10:SmallEntities2022-04-012023-03-3104522381ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104522381ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104522381ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104522381ns10:Originalns10:FullAccounts2022-04-012023-03-3104522381ns10:Original12022-04-012023-03-3104522381ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104522381ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3104522381ns10:Originalns10:Director22022-04-012023-03-3104522381ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104522381ns10:Original2022-03-3104522381ns10:Originalns5:CurrentFinancialInstruments2023-03-3104522381ns10:Originalns5:CurrentFinancialInstruments2022-03-3104522381ns5:ShareCapitalns10:Original2023-03-3104522381ns5:ShareCapitalns10:Original2022-03-3104522381ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104522381ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104522381ns10:Originalns5:NetGoodwill2022-04-012023-03-3104522381ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3104522381ns10:Originalns5:PlantMachinery2022-04-012023-03-3104522381ns10:Originalns5:MotorVehicles2022-04-012023-03-3104522381ns10:Original2021-04-012022-03-3104522381ns10:Originalns5:NetGoodwill2022-03-3104522381ns10:Originalns5:NetGoodwill2023-03-3104522381ns10:Originalns5:NetGoodwill2022-03-3104522381ns10:Originalns5:PlantMachinery2022-03-3104522381ns10:Originalns5:MotorVehicles2022-03-3104522381ns10:Original2022-03-3104522381ns10:Originalns5:PlantMachinery2023-03-3104522381ns10:Originalns5:MotorVehicles2023-03-3104522381ns10:Originalns5:PlantMachinery2022-03-3104522381ns10:Originalns5:MotorVehicles2022-03-3104522381ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104522381ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104522381ns10:Originalns10:OrdinaryShareClass12023-03-3104522381ns10:Originalns10:OrdinaryShareClass22023-03-31
REGISTERED NUMBER: 04522381 (England and Wales)















S F Everest & Sons Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






S F Everest & Sons Limited (Registered number: 04522381)






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


S F Everest & Sons Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M Everest
Mr S Everest





REGISTERED OFFICE: The Workshop
School Lane
Blackboys
Uckfield
East Sussex
TN22 5LL





REGISTERED NUMBER: 04522381 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

S F Everest & Sons Limited (Registered number: 04522381)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,284 5,296
4,284 5,296

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 6 68,465 95,900
Cash at bank and in hand 84,781 54,008
160,746 157,408
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

77,522

52,133
NET CURRENT ASSETS 83,224 105,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,508

110,571

PROVISIONS FOR LIABILITIES 910 857
NET ASSETS 86,598 109,714

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 85,598 108,714
SHAREHOLDERS' FUNDS 86,598 109,714

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.

S F Everest & Sons Limited (Registered number: 04522381)

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by:





Mr S Everest - Director


S F Everest & Sons Limited (Registered number: 04522381)

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

1. STATUTORY INFORMATION

S F Everest & Sons 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 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 amounts chargeable,net of value added tax, in respect of the provision of joinery services to customers.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life of 5 years. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover related costs (as defined in stocks above) as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

S F Everest & Sons Limited (Registered number: 04522381)

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

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the 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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 60,000
AMORTISATION
At 1 April 2022
and 31 March 2023 60,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

S F Everest & Sons Limited (Registered number: 04522381)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 66,389 28,669 95,058
Additions 468 - 468
At 31 March 2023 66,857 28,669 95,526
DEPRECIATION
At 1 April 2022 63,805 25,957 89,762
Charge for year 802 678 1,480
At 31 March 2023 64,607 26,635 91,242
NET BOOK VALUE
At 31 March 2023 2,250 2,034 4,284
At 31 March 2022 2,584 2,712 5,296

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,830 86,412
Other debtors 9,635 9,488
68,465 95,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 3,113
Trade creditors 18,353 18,175
Taxation and social security 33,637 21,764
Other creditors 25,532 9,081
77,522 52,133

S F Everest & Sons Limited (Registered number: 04522381)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to a director totalling £46,455 (2022 - £48,107) and received repayments totalling £49,958 (2022 - £44,400). At the balance sheet date the company owed the director £16 (2022 - the director owed the company £3,487). This loan is unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

At the balance sheet date the director owed the company £42 (2022 - the company owed the director £210). These loans are unsecured, interest free and repayable on demand.

During the year the company paid a total of £81,000 of dividends to the directors (2022 - £68,500).