T.J.Evans & Son. Ltd 09257097 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is construction Digita Accounts Production Advanced 6.30.9574.0 Software true 09257097 2022-08-01 2023-07-31 09257097 2023-07-31 09257097 bus:Director1 1 2023-07-31 09257097 bus:OrdinaryShareClass1 2023-07-31 09257097 bus:OrdinaryShareClass2 2023-07-31 09257097 core:RetainedEarningsAccumulatedLosses 2023-07-31 09257097 core:ShareCapital 2023-07-31 09257097 core:CurrentFinancialInstruments 2023-07-31 09257097 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09257097 core:Non-currentFinancialInstruments 2023-07-31 09257097 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 09257097 core:MotorVehicles 2023-07-31 09257097 core:PlantMachinery 2023-07-31 09257097 bus:SmallEntities 2022-08-01 2023-07-31 09257097 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09257097 bus:FullAccounts 2022-08-01 2023-07-31 09257097 bus:RegisteredOffice 2022-08-01 2023-07-31 09257097 bus:Director1 2022-08-01 2023-07-31 09257097 bus:Director1 1 2022-08-01 2023-07-31 09257097 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 09257097 bus:OrdinaryShareClass2 2022-08-01 2023-07-31 09257097 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09257097 core:MotorVehicles 2022-08-01 2023-07-31 09257097 core:PlantMachinery 2022-08-01 2023-07-31 09257097 core:OtherRelatedParties 2022-08-01 2023-07-31 09257097 countries:AllCountries 2022-08-01 2023-07-31 09257097 2022-07-31 09257097 bus:Director1 1 2022-07-31 09257097 core:MotorVehicles 2022-07-31 09257097 core:PlantMachinery 2022-07-31 09257097 2021-08-01 2022-07-31 09257097 2022-07-31 09257097 bus:Director1 1 2022-07-31 09257097 bus:OrdinaryShareClass1 2022-07-31 09257097 bus:OrdinaryShareClass2 2022-07-31 09257097 core:RetainedEarningsAccumulatedLosses 2022-07-31 09257097 core:ShareCapital 2022-07-31 09257097 core:CurrentFinancialInstruments 2022-07-31 09257097 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 09257097 core:Non-currentFinancialInstruments 2022-07-31 09257097 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 09257097 core:MotorVehicles 2022-07-31 09257097 core:PlantMachinery 2022-07-31 09257097 bus:Director1 1 2021-08-01 2022-07-31 09257097 bus:Director1 1 2021-07-31 iso4217:GBP xbrli:pure xbrli:shares

Filleted

Registration number: 09257097

T.J.Evans & Son. Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

T.J.Evans & Son. Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

T.J.Evans & Son. Ltd

Company Information

Director

Mr T J Evans

Registered office

7 Bronywawr
Pontardawe
Swansea
SA8 4JY

 

T.J.Evans & Son. Ltd

(Registration number: 09257097)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

10,989

13,737

Current assets

 

Stocks

6

5,823

6,765

Debtors

7

25,399

3,147

Cash at bank and in hand

 

19,261

45,310

 

50,483

55,222

Creditors: Amounts falling due within one year

8

(33,777)

(40,970)

Net current assets

 

16,706

14,252

Total assets less current liabilities

 

27,695

27,989

Creditors: Amounts falling due after more than one year

8

(10,200)

(13,798)

Net assets

 

17,495

14,191

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

17,493

14,189

Total equity

 

17,495

14,191

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

T.J.Evans & Son. Ltd

(Registration number: 09257097)
Balance Sheet as at 31 July 2023

Approved and authorised by the director on 26 February 2024
 

.........................................
Mr T J Evans
Director

   
     
 

T.J.Evans & Son. Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
7 Bronywawr
Pontardawe
Swansea
SA8 4JY

These financial statements were authorised for issue by the director on 26 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

T.J.Evans & Son. Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant

20% reducing balance

Motor

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

T.J.Evans & Son. Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

2,747

3,434

 

T.J.Evans & Son. Ltd

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

5

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

378

36,635

37,013

At 31 July 2023

378

36,635

37,013

Depreciation

At 1 August 2022

305

22,971

23,276

Charge for the year

15

2,733

2,748

At 31 July 2023

320

25,704

26,024

Carrying amount

At 31 July 2023

58

10,931

10,989

At 31 July 2022

73

13,664

13,737

6

Stocks

2023
£

2022
£

Work in progress

3,198

4,890

Other inventories

2,625

1,875

5,823

6,765

7

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

11

3

2,778

Prepayments

 

396

369

Other debtors

 

25,000

-

 

25,399

3,147

 

T.J.Evans & Son. Ltd

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

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

2,432

5,530

Taxation and social security

 

4,112

3,346

Other related parties

 

17,679

21,251

Corporation tax liability

 

1,654

5,093

Other creditors

 

7,900

5,750

 

33,777

40,970

Due after one year

 

Loans and borrowings

10

10,200

13,798

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

10,200

13,798

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share of £1 each

1

1

1

1

A Ordinary Share of £1 each

1

1

1

1

 

2

2

2

2

 

T.J.Evans & Son. Ltd

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

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

10,200

13,798

11

Related party transactions

Transactions with directors

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Mr T J Evans

Interest free loan repayable on demand

(21,251)

6,319

(2,747)

(17,679)

         
       

 

2022

At 1 August 2021
£

Advances to director
£

At 31 July 2022
£

Mr T J Evans

Interest free loan repayable on demand

(30,208)

8,957

(21,251)

       
     

 

Summary of transactions with other related parties

A M Evans & Co Ltd
 At the year end the company owed A M Evans & Co Ltd £2,497.26 (2022 - £2,778)