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REGISTERED NUMBER: 05876951 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

EVANS & CO (PLUMBING) LTD

EVANS & CO (PLUMBING) LTD (REGISTERED NUMBER: 05876951)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVANS & CO (PLUMBING) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr M P Davis
Mr D A Evans
Mr I J Mill



SECRETARY: Mr M P Davis



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 05876951 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: NatWest
19 East Street
Ashburton
Newton Abbot
Devon
TQ13 7AF

EVANS & CO (PLUMBING) LTD (REGISTERED NUMBER: 05876951)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 13,000
Tangible assets 5 17,326 22,787
27,326 35,787

CURRENT ASSETS
Stocks 6 8,400 5,275
Debtors 7 61,990 51,892
Cash at bank and in hand 66,975 74,251
137,365 131,418
CREDITORS
Amounts falling due within one year 8 71,668 77,344
NET CURRENT ASSETS 65,697 54,074
TOTAL ASSETS LESS CURRENT LIABILITIES 93,023 89,861

PROVISIONS FOR LIABILITIES 3,292 4,330
NET ASSETS 89,731 85,531

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 89,728 85,528
SHAREHOLDERS' FUNDS 89,731 85,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EVANS & CO (PLUMBING) LTD (REGISTERED NUMBER: 05876951)

BALANCE SHEET - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:




Mr M P Davis - Director Mr D A Evans - Director




Mr I J Mill - Director


EVANS & CO (PLUMBING) LTD (REGISTERED NUMBER: 05876951)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Evans & Co (Plumbing) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

EVANS & CO (PLUMBING) LTD (REGISTERED NUMBER: 05876951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 60,000
AMORTISATION
At 1 November 2022 47,000
Amortisation for year 3,000
At 31 October 2023 50,000
NET BOOK VALUE
At 31 October 2023 10,000
At 31 October 2022 13,000

EVANS & CO (PLUMBING) LTD (REGISTERED NUMBER: 05876951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 11,109 207 66,118 3,062 80,496
Additions - - - 665 665
At 31 October 2023 11,109 207 66,118 3,727 81,161
DEPRECIATION
At 1 November 2022 10,244 115 45,198 2,152 57,709
Charge for year 173 14 5,230 709 6,126
At 31 October 2023 10,417 129 50,428 2,861 63,835
NET BOOK VALUE
At 31 October 2023 692 78 15,690 866 17,326
At 31 October 2022 865 92 20,920 910 22,787

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 66,118
Transfer to ownership (66,118 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 45,198
Transfer to ownership (45,198 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 20,920

6. STOCKS
2023 2022
£    £   
Stocks 8,400 5,275

EVANS & CO (PLUMBING) LTD (REGISTERED NUMBER: 05876951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,542 47,687
Other debtors - 690
Prepayments 3,448 3,515
61,990 51,892

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 8,122
Hire purchase contracts - 8,349
Trade creditors 13,842 11,343
Tax 18,378 17,808
Social security and other taxes 28 -
VAT 15,762 16,612
Other creditors 1,763 2,351
Directors' current accounts 21,775 12,639
Accrued expenses 120 120
71,668 77,344

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr M P Davis
Balance outstanding at start of year (7,456 ) (18,674 )
Amounts advanced 28,028 49,900
Amounts repaid (34,336 ) (38,682 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,764 ) (7,456 )

Mr D A Evans
Balance outstanding at start of year (3,988 ) (948 )
Amounts advanced 27,892 28,400
Amounts repaid (28,760 ) (31,440 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,856 ) (3,988 )

Mr I J Mill
Balance outstanding at start of year (1,195 ) (2,430 )
Amounts advanced 32,052 39,960
Amounts repaid (34,012 ) (38,725 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,155 ) (1,195 )

EVANS & CO (PLUMBING) LTD (REGISTERED NUMBER: 05876951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The Directors Mr MP Davis, Mr DA Evans and Mr IJ Mill have given a personal guarantee in respect of the company's overdraft facility of £25,000.

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £58,000 (2022 - £74,000) were paid to the directors .

11. BOUNCE BACK LOAN

The Company took a bounce back loan guaranteed by the Government. The term runs to July 2026.