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REGISTERED NUMBER: 05499570 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 July 2023

for

EVANS & GREAVES LTD

EVANS & GREAVES LTD (REGISTERED NUMBER: 05499570)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

EVANS & GREAVES LTD

Company Information
FOR THE YEAR ENDED 30 JULY 2023







DIRECTORS: C S Greaves
Mrs L E Thomas-Evans





SECRETARY: Mrs L E Thomas-Evans





REGISTERED OFFICE: 5 Piccadilly Square
Caerphilly
CF83 1PB





REGISTERED NUMBER: 05499570 (England and Wales)





ACCOUNTANTS: Hayvenhursts Limited
Chartered Accountants
Fairway House
Links Business Park
St Mellons, Cardiff
CF3 OLT

EVANS & GREAVES LTD (REGISTERED NUMBER: 05499570)

Balance Sheet
30 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 61,110 66,385
Tangible assets 6 39,827 32,961
100,937 99,346

CURRENT ASSETS
Stocks 79,878 72,955
Debtors 7 82,891 21,137
Cash at bank and in hand 63,563 67,457
226,332 161,549
CREDITORS
Amounts falling due within one year 8 (155,656 ) (121,088 )
NET CURRENT ASSETS 70,676 40,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,613

139,807

CREDITORS
Amounts falling due after more than
one year

9

(59,277

)

(75,577

)
NET ASSETS 112,336 64,230

EVANS & GREAVES LTD (REGISTERED NUMBER: 05499570)

Balance Sheet - continued
30 JULY 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 12 301 301
Retained earnings 112,035 63,929
SHAREHOLDERS' FUNDS 112,336 64,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





C S Greaves - Director


EVANS & GREAVES LTD (REGISTERED NUMBER: 05499570)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JULY 2023

1. STATUTORY INFORMATION

Evans & Greaves 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The financial statements are prepared under the going concern basis. The directors believe this is appropriate as they believe that the company has the necessary resources at its disposal to meet its liabilities as they fall due.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements.

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
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


EVANS & GREAVES LTD (REGISTERED NUMBER: 05499570)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JULY 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 July 2022
and 30 July 2023 205,499
AMORTISATION
At 31 July 2022 139,114
Charge for year 5,275
At 30 July 2023 144,389
NET BOOK VALUE
At 30 July 2023 61,110
At 30 July 2022 66,385

EVANS & GREAVES LTD (REGISTERED NUMBER: 05499570)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JULY 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 July 2022 110,835
Additions 15,931
At 30 July 2023 126,766
DEPRECIATION
At 31 July 2022 77,874
Charge for year 9,065
At 30 July 2023 86,939
NET BOOK VALUE
At 30 July 2023 39,827
At 30 July 2022 32,961

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,326 15,960
Other debtors 44,565 5,177
82,891 21,137

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,823 11,549
Hire purchase contracts 40,118 -
Trade creditors 6,858 8,830
Taxation and social security 46,048 29,339
Other creditors 49,809 71,370
155,656 121,088

EVANS & GREAVES LTD (REGISTERED NUMBER: 05499570)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JULY 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 27,878 38,755
Other creditors 31,399 36,822
59,277 75,577

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 5,143 10,035

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 40,701 50,304

The bank loan is secured by a fixed and floating charge over the companies assets.

11. OTHER LOAN

The company has taken advantage of the UK Governments Bounce Back Loan Scheme and was advanced an amount of £50,000. Repayments of this loan started in June 2021 for 60 months. This scheme is underwritten by the UK Government.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary Shares £1 300 300
1 B Shares 1 1 1
301 301

13. ULTIMATE CONTROLLING PARTY

During the year under review the Ultimate Controlling Parties were Ms. L. Evans and Mr C. Greaves.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Evans & Greaves Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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 & Greaves Ltd for the year ended 30 July 2023 which comprise the Income Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Evans & Greaves Ltd 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 & Greaves Ltd. You consider that Evans & Greaves Ltd 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 & Greaves Ltd. 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.






Hayvenhursts Limited
Chartered Accountants
Fairway House
Links Business Park
St Mellons, Cardiff
CF3 OLT


13 March 2024