Company registration number 08188848 (England and Wales)
EVANS, HAYES, BURNELL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
EVANS, HAYES, BURNELL LIMITED
CONTENTS
Page
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 8
EVANS, HAYES, BURNELL LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EVANS, HAYES, BURNELL LIMITED FOR THE YEAR ENDED 31 DECEMBER 2022
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EVANS, HAYES, BURNELL LIMITED for the year ended 31 December 2022 which comprise, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of EVANS, HAYES, BURNELL LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of EVANS, HAYES, BURNELL LIMITED and state those matters that we have agreed to state to the board of directors of EVANS, HAYES, BURNELL LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EVANS, HAYES, BURNELL LIMITED and its board of directors as a body, for our work or for this report.

It is your duty to ensure that EVANS, HAYES, BURNELL LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EVANS, HAYES, BURNELL LIMITED. You consider that EVANS, HAYES, BURNELL LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of EVANS, HAYES, BURNELL LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WBV Limited
8 March 2024
Chartered Accountants
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY
EVANS, HAYES, BURNELL LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2022
31 December 2022
- 2 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,353
4,131
Current assets
Debtors
4
341,046
411,334
Cash at bank and in hand
166,690
110,854
507,736
522,188
Creditors: amounts falling due within one year
5
(355,656)
(357,923)
Net current assets
152,080
164,265
Total assets less current liabilities
153,433
168,396
Creditors: amounts falling due after more than one year
6
(83,429)
(107,013)
Provisions for liabilities
(338)
(2,275)
Net assets
69,666
59,108
Capital and reserves
Called up share capital
30
30
Profit and loss reserves
69,636
59,078
Total equity
69,666
59,108

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

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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.

EVANS, HAYES, BURNELL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022
31 December 2022
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 8 March 2024 and are signed on its behalf by:
Mr AN Evans
Mr GW B Hayes
Director
Director
Mr S Burnell
Director
Company registration number 08188848 (England and Wales)
EVANS, HAYES, BURNELL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2021
30
41,513
41,543
Year ended 31 December 2021:
Profit and total comprehensive income
-
268,065
268,065
Dividends
-
(250,500)
(250,500)
Balance at 31 December 2021
30
59,078
59,108
Year ended 31 December 2022:
Profit and total comprehensive income
-
280,558
280,558
Dividends
-
(270,000)
(270,000)
Balance at 31 December 2022
30
69,636
69,666
EVANS, HAYES, BURNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
1
Accounting policies
Company information

EVANS, HAYES, BURNELL LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is Suite C, Ground Floor, Princess House, Princess Way, Swansea, West Glamorgan, SA1 3LW.

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
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, 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:

Fixtures and fittings
25% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

EVANS, HAYES, BURNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
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
Employees

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

2022
2021
Number
Number
Total
12
14
EVANS, HAYES, BURNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 7 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2022 and 31 December 2022
3,145
33,995
37,140
Depreciation and impairment
At 1 January 2022
2,828
30,181
33,009
Depreciation charged in the year
78
2,700
2,778
At 31 December 2022
2,906
32,881
35,787
Carrying amount
At 31 December 2022
239
1,114
1,353
At 31 December 2021
317
3,814
4,131
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
48,543
108,471
Other debtors
292,503
302,863
341,046
411,334
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
26,395
36,838
Trade creditors
82,825
82,825
Corporation tax
181,948
171,097
Other taxation and social security
5,146
11,233
Other creditors
59,342
55,930
355,656
357,923
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
83,429
107,013
EVANS, HAYES, BURNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 8 -
7
Directors' transactions

Dividends totalling £270,000 (2021 - £250,500) were paid in the year in respect of shares held by the company's directors.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mr AN Evans -
2.00
73,923
84,842
1,284
(104,302)
55,747
Mr GW B Hayes -
2.00
73,526
90,893
1,336
(104,302)
61,453
Mr S Burnell -
2.00
93,040
105,361
1,880
(104,302)
95,979
240,489
281,096
4,500
(312,906)
213,179
2022-12-312022-01-01false08 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr A N EvansMr G W B HayesMrs E V HayesMr S BurnellMr C HardingMr C Hardingfalse081888482022-01-012022-12-31081888482022-12-31081888482021-12-3108188848core:FurnitureFittings2022-12-3108188848core:ComputerEquipment2022-12-3108188848core:FurnitureFittings2021-12-3108188848core:ComputerEquipment2021-12-3108188848core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3108188848core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3108188848core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3108188848core:Non-currentFinancialInstrumentscore:AfterOneYear2021-12-3108188848core:CurrentFinancialInstruments2022-12-3108188848core:CurrentFinancialInstruments2021-12-3108188848core:ShareCapital2022-12-3108188848core:ShareCapital2021-12-3108188848core:RetainedEarningsAccumulatedLosses2022-12-3108188848core:RetainedEarningsAccumulatedLosses2021-12-3108188848core:ShareCapital2020-12-3108188848core:RetainedEarningsAccumulatedLosses2020-12-3108188848bus:Director12022-01-012022-12-3108188848bus:Director22022-01-012022-12-3108188848bus:Director42022-01-012022-12-3108188848core:RetainedEarningsAccumulatedLosses2021-01-012021-12-31081888482021-01-012021-12-3108188848core:RetainedEarningsAccumulatedLosses2022-01-012022-12-3108188848core:FurnitureFittings2022-01-012022-12-3108188848core:ComputerEquipment2022-01-012022-12-3108188848core:FurnitureFittings2021-12-3108188848core:ComputerEquipment2021-12-31081888482021-12-3108188848core:WithinOneYear2022-12-3108188848core:WithinOneYear2021-12-3108188848core:Non-currentFinancialInstruments2022-12-3108188848core:Non-currentFinancialInstruments2021-12-3108188848bus:PrivateLimitedCompanyLtd2022-01-012022-12-3108188848bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3108188848bus:FRS1022022-01-012022-12-3108188848bus:AuditExemptWithAccountantsReport2022-01-012022-12-3108188848bus:Director32022-01-012022-12-3108188848bus:Director52022-01-012022-12-3108188848bus:Director62022-01-012022-12-3108188848bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP