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REGISTERED NUMBER: 01616095






















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

David M Evans Ltd

David M Evans Ltd (Registered number: 01616095)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


David M Evans Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr D M Evans
Mrs K J Evans





REGISTERED OFFICE: 22 Oak Tree Drive
Gedling
Nottingham
NG4 4DA





REGISTERED NUMBER: 01616095





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

David M Evans Ltd (Registered number: 01616095)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 473
Investments 5 - 94,913
- 95,386

CURRENT ASSETS
Debtors 6 6,078 1,057
Cash at bank and in hand 1,475 5,925
7,553 6,982
CREDITORS
Amounts falling due within one year 7 - 92,239
NET CURRENT ASSETS/(LIABILITIES) 7,553 (85,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,553

10,129

PROVISIONS FOR LIABILITIES - 118
NET ASSETS 7,553 10,011

CAPITAL AND RESERVES
Called up share capital 10,002 10,002
Retained earnings (2,449 ) 9
7,553 10,011

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





Mrs K J Evans - Director


David M Evans Ltd (Registered number: 01616095)

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

1. STATUTORY INFORMATION

David M Evans Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company is that of motor engineers and car sales.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical costs basis.

The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

David M Evans Ltd (Registered number: 01616095)

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

2. ACCOUNTING POLICIES - continued

Impairment
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.

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 are largely independent of the cash inflows from other assets or groups of assets.

Fixed asset investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 10,154 1,480 117 11,751
Disposals (10,154 ) (1,480 ) (117 ) (11,751 )
At 31 October 2023 - - - -
DEPRECIATION
At 1 November 2022 10,154 1,007 117 11,278
Charge for year - 118 - 118
Eliminated on disposal (10,154 ) (1,125 ) (117 ) (11,396 )
At 31 October 2023 - - - -
NET BOOK VALUE
At 31 October 2023 - - - -
At 31 October 2022 - 473 - 473

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022 94,913
Disposals (94,913 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 94,913

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 520
Other debtors 6,078 537
6,078 1,057

David M Evans Ltd (Registered number: 01616095)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 361
Taxation and social security - 4,797
Other creditors - 87,081
- 92,239