Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-3172022-06-01falseNo description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06492954 2022-06-01 2023-05-31 06492954 2021-06-01 2022-05-31 06492954 2023-05-31 06492954 2022-05-31 06492954 c:Director1 2022-06-01 2023-05-31 06492954 d:FurnitureFittings 2022-06-01 2023-05-31 06492954 d:FurnitureFittings 2023-05-31 06492954 d:FurnitureFittings 2022-05-31 06492954 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 06492954 d:ComputerEquipment 2022-06-01 2023-05-31 06492954 d:ComputerEquipment 2023-05-31 06492954 d:ComputerEquipment 2022-05-31 06492954 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 06492954 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 06492954 d:CurrentFinancialInstruments 2023-05-31 06492954 d:CurrentFinancialInstruments 2022-05-31 06492954 d:Non-currentFinancialInstruments 2023-05-31 06492954 d:Non-currentFinancialInstruments 2022-05-31 06492954 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06492954 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 06492954 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06492954 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 06492954 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 06492954 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 06492954 d:ShareCapital 2023-05-31 06492954 d:ShareCapital 2022-05-31 06492954 d:RetainedEarningsAccumulatedLosses 2023-05-31 06492954 d:RetainedEarningsAccumulatedLosses 2022-05-31 06492954 c:FRS102 2022-06-01 2023-05-31 06492954 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 06492954 c:FullAccounts 2022-06-01 2023-05-31 06492954 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06492954 d:WithinOneYear 2023-05-31 06492954 d:WithinOneYear 2022-05-31 06492954 d:BetweenOneFiveYears 2023-05-31 06492954 d:BetweenOneFiveYears 2022-05-31 06492954 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 06492954 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 06492954










MARTIN EVANS ASSOCIATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
MARTIN EVANS ASSOCIATES LIMITED
REGISTERED NUMBER: 06492954

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,212
5,225

Current assets
  

Debtors: amounts falling due within one year
 5 
57,595
48,429

Cash at bank and in hand
  
354
14,734

  
57,949
63,163

Creditors: amounts falling due within one year
 6 
(44,450)
(42,802)

Net current assets
  
 
 
13,499
 
 
20,361

Creditors: amounts falling due after more than one year
 7 
(16,667)
(24,667)

Provisions for liabilities
  

Deferred tax
 9 
(800)
-

Net assets
  
244
919


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
243
918

  
244
919


Page 1

 
MARTIN EVANS ASSOCIATES LIMITED
REGISTERED NUMBER: 06492954
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 February 2024.



M V Evans
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MARTIN EVANS ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Martin Evans Associates Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 06492954). Its registered office is 28 Kenwood Park Road, Sheffield,  South Yorkshire, S7 1NF. The principal activity of the Company throughout the year continued to be that of structural engineers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MARTIN EVANS ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Fixtures & fittings
-
15%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Page 4

 
MARTIN EVANS ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 5

 
MARTIN EVANS ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2022
2,855
12,155
15,010


Additions
-
855
855


Disposals
(1,403)
(460)
(1,863)



At 31 May 2023

1,452
12,550
14,002



Depreciation


At 1 June 2022
2,044
7,741
9,785


Charge for the year on owned assets
76
1,203
1,279


Disposals
(1,097)
(177)
(1,274)



At 31 May 2023

1,023
8,767
9,790



Net book value



At 31 May 2023
429
3,783
4,212



At 31 May 2022
811
4,414
5,225


5.


Debtors

2023
2022
£
£


Trade debtors
47,839
47,323

Other debtors
6,703
150

Prepayments and accrued income
3,053
956

57,595
48,429


Page 6

 
MARTIN EVANS ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
8,000
8,000

Trade creditors
2,485
966

Corporation tax
6,905
7,762

Other taxation and social security
27,020
24,002

Other creditors
40
2,072

44,450
42,802



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
16,667
24,667



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
8,000
8,000


Amounts falling due 2-5 years

Bank loans
16,667
24,667


24,667
32,667


Page 7

 
MARTIN EVANS ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Deferred taxation




2023


£






Charged to profit or loss
(800)



At end of year
(800)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
800
-

800
-


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £9,362 (2022: £9,171). There were no contributions payable to the fund at the Balance Sheet date.


11.


Commitments under operating leases

At 31 May 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
13,500
-

Later than 1 year and not later than 5 years
46,125
-

59,625
-

 
Page 8