Registered number
07328930
EVERSTRONG LIMITED
Filleted Accounts
31 July 2023
EVERSTRONG LIMITED
Registered number: 07328930
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 1,254,644 1,550,945
Investments held as current assets 4 - 26,348
Cash at bank and in hand 452,084 13,946
1,706,728 1,591,239
Creditors: amounts falling due within one year 5 (467,801) (344,231)
Net current assets 1,238,927 1,247,008
Total assets less current liabilities 1,238,927 1,247,008
Creditors: amounts falling due after more than one year 6 (873,222) (935,000)
Net assets 365,705 312,008
Capital and reserves
Called up share capital 11,998 11,998
Profit and loss account 353,707 300,010
Shareholders' funds 365,705 312,008
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R H Preston
Director
Approved by the board on 6 November 2023
EVERSTRONG LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Number of employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Sundry debtor taxation - 2,845
Other debtors -syndicated loans 1,254,644 1,548,100
1,254,644 1,550,945
4 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments at market value - 26,348
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments - (3,890)
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 21,475 2,041
Other creditors 446,326 342,190
467,801 344,231
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 873,222 935,000
7 Other information
EVERSTRONG LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1 Sudley Terrace
High Street
Bognor Regis
West Sussex
PO21 1EY
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