Company registration number 11932532 (England and Wales)
EVANS PARTNERS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
EVANS PARTNERS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
EVANS PARTNERS LTD
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
104,294
14,785
Tangible assets
5
117,780
35,980
222,074
50,765
Current assets
Stocks
10,430
14,463
Debtors
6
78,478
43,292
Investments
7
1,698
1,698
Cash at bank and in hand
11,398
38,721
102,004
98,174
Creditors: amounts falling due within one year
8
(191,087)
(61,120)
Net current (liabilities)/assets
(89,083)
37,054
Total assets less current liabilities
132,991
87,819
Creditors: amounts falling due after more than one year
9
(92,217)
(41,667)
Provisions for liabilities
(6,956)
(4,904)
Net assets
33,818
41,248
Capital and reserves
Called up share capital
10
1
1
Capital redemption reserve
1
1
Profit and loss reserves
33,816
41,246
Total equity
33,818
41,248

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 12 February 2024
Mr W D Evans
Director
Company registration number 11932532 (England and Wales)
EVANS PARTNERS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2021
1
1
6,447
6,449
Year ended 30 April 2022:
Profit and total comprehensive income
-
-
44,799
44,799
Dividends
-
-
(10,000)
(10,000)
Balance at 30 April 2022
1
1
41,246
41,248
Year ended 30 April 2023:
Loss and total comprehensive income
-
-
(430)
(430)
Dividends
-
-
(7,000)
(7,000)
Balance at 30 April 2023
1
1
33,816
33,818
EVANS PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
1
Accounting policies
Company information

Evans Partners Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Hillcrest, New Inn, Pontypool, Gwent, Wales, NP4 0NG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Franchise Fees
- 10 years straight line
EVANS PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 4 -
1.4
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 25% reducing balance
Fixtures and fittings
- 25% reducing balance
Computers
- 25% reducing balance
Motor vehicles
- 15% reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
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 in the company's balance sheet 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.

 

Debtors and creditors with no stated interest rate and recoverable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense,

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

EVANS PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 5 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Exceptional item
2023
2022
£
£
Expenditure
Exceptional item
-
(22,287)

During the prior year the company had an exceptional profit of £22,287 from the write of the following loans;

 

An other debtor to 627 Developments LTD for the value of £55.

 

An other creditor to AMD Catering Limited for the value of £22,342.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
16
14
EVANS PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 6 -
4
Intangible fixed assets
Franchise Fees
£
Cost
At 1 May 2022
19,400
Additions - internally developed
92,222
At 30 April 2023
111,622
Amortisation and impairment
At 1 May 2022
4,615
Amortisation charged for the year
2,713
At 30 April 2023
7,328
Carrying amount
At 30 April 2023
104,294
At 30 April 2022
14,785
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2022
13,429
10,591
3,249
17,203
44,472
Additions
10,008
13,250
-
0
69,940
93,198
At 30 April 2023
23,437
23,841
3,249
87,143
137,670
Depreciation and impairment
At 1 May 2022
4,138
2,062
1,052
1,240
8,492
Depreciation charged in the year
3,804
4,572
549
2,473
11,398
At 30 April 2023
7,942
6,634
1,601
3,713
19,890
Carrying amount
At 30 April 2023
15,495
17,207
1,648
83,430
117,780
At 30 April 2022
9,291
8,529
2,197
15,963
35,980
EVANS PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 7 -
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
84
-
0
Other debtors
78,394
43,292
78,478
43,292
7
Current asset investments
2023
2022
£
£
Other investments
1,698
1,698
8
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
15,353
5,882
Trade creditors
50,217
34,120
Corporation tax
-
0
5,108
Other taxation and social security
355
3,395
Other creditors
125,162
12,615
191,087
61,120
9
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
37,067
41,667
Other creditors
55,150
-
0
92,217
41,667
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
7,804
12,255
EVANS PARTNERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 8 -
10
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
253,019
31,000
12
Directors' transactions

Dividend totalling £7,000 (2022 - £10,000) were paid in the year in respect of shares held by the company's director.

The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to the director was £108,875 (2022 - £3,513); this amount being included in creditors: amounts falling due within one year.

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