Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-12-31true2023-01-01falseNo description of principal activityfalse 05601668 2023-01-01 2023-12-31 05601668 2022-01-01 2022-12-31 05601668 2023-12-31 05601668 2022-12-31 05601668 c:Director1 2023-01-01 2023-12-31 05601668 d:Buildings 2023-01-01 2023-12-31 05601668 d:PlantMachinery 2023-01-01 2023-12-31 05601668 d:MotorVehicles 2023-01-01 2023-12-31 05601668 d:FurnitureFittings 2023-01-01 2023-12-31 05601668 d:Goodwill 2023-01-01 2023-12-31 05601668 d:CurrentFinancialInstruments 2023-12-31 05601668 d:CurrentFinancialInstruments 2022-12-31 05601668 d:Non-currentFinancialInstruments 2023-12-31 05601668 d:Non-currentFinancialInstruments 2022-12-31 05601668 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05601668 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05601668 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05601668 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05601668 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 05601668 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 05601668 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05601668 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 05601668 d:ShareCapital 2023-12-31 05601668 d:ShareCapital 2022-12-31 05601668 d:SharePremium 2023-01-01 2023-12-31 05601668 d:SharePremium 2023-12-31 05601668 d:SharePremium 2022-12-31 05601668 d:RevaluationReserve 2023-01-01 2023-12-31 05601668 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05601668 d:RetainedEarningsAccumulatedLosses 2023-12-31 05601668 d:RetainedEarningsAccumulatedLosses 2022-12-31 05601668 d:RetainedEarningsAccumulatedLosses 2022-01-01 05601668 c:FRS102 2023-01-01 2023-12-31 05601668 c:Audited 2023-01-01 2023-12-31 05601668 c:FullAccounts 2023-01-01 2023-12-31 05601668 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05601668 d:Subsidiary1 2023-01-01 2023-12-31 05601668 d:Subsidiary1 1 2023-01-01 2023-12-31 05601668 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05601668 c:Consolidated 2023-12-31 05601668 c:ConsolidatedGroupCompanyAccounts 2023-01-01 2023-12-31 05601668 2 2023-01-01 2023-12-31 05601668 5 2023-01-01 2023-12-31 05601668 6 2023-01-01 2023-12-31 05601668 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05601668










CHARLES EVANS CONSTRUCTION LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CHARLES EVANS CONSTRUCTION LIMITED
REGISTERED NUMBER: 05601668

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
94,344

Tangible assets
 5 
2,134,614
2,048,842

  
2,134,614
2,143,186

Current assets
  

Stocks
  
7,389
13,389

Debtors
 7 
1,608,885
1,927,811

Cash at bank and in hand
 8 
1,181,199
312,304

  
2,797,473
2,253,504

Creditors: amounts falling due within one year
 9 
(3,418,604)
(2,777,606)

Net current liabilities
  
 
 
(621,131)
 
 
(524,102)

Total assets less current liabilities
  
1,513,483
1,619,084

Creditors: amounts falling due after more than one year
 10 
(576,553)
(682,313)

Provisions for liabilities
  

Deferred tax
  
(77,056)
(61,538)

Other provisions
 13 
(127,800)
(131,800)

  
 
 
(204,856)
 
 
(193,338)

Net assets
  
732,074
743,433


Capital and reserves
  

Called up share capital 
  
177,737
177,737

Share premium account
 14 
1,953,590
1,953,590

Revaluation reserve
 14 
434,194
434,194

Profit and loss account
 14 
(1,833,447)
(1,822,088)

  
732,074
743,433


Page 1

 
CHARLES EVANS CONSTRUCTION LIMITED
REGISTERED NUMBER: 05601668
    
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 consolidated statement of comprehensive income 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 7 August 2024.






P. W. McGregor
Director

The notes on pages 5 to 18 form part of these financial statements.

Page 2

 
CHARLES EVANS CONSTRUCTION LIMITED
REGISTERED NUMBER: 05601668

COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 6 
1,500,000
1,500,000

  
1,500,000
1,500,000

Current assets
  

Debtors
 7 
277,520
277,520

  
277,520
277,520

Creditors: amounts falling due within one year
 9 
(235,527)
(919,247)

Net current assets/(liabilities)
  
 
 
41,993
 
 
(641,727)

Total assets less current liabilities
  
1,541,993
858,273

  

Creditors: amounts falling due after more than one year
 10 
(535,636)
(610,634)

  

Net assets
  
1,006,357
247,639


Capital and reserves
  

Called up share capital 
  
177,737
177,737

Share premium account
 14 
1,953,590
1,953,590

Profit and loss account brought forward
  
(1,883,688)
(3,354,065)

Profit for the year
  
758,718
1,470,377

Profit and loss account carried forward
  
(1,124,970)
(1,883,688)

  
1,006,357
247,639


Page 3

 
CHARLES EVANS CONSTRUCTION LIMITED
REGISTERED NUMBER: 05601668
    
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated statement of comprehensive income 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 7 August 2024.






P. W. McGregor
Director

The notes on pages 5 to 18 form part of these financial statements.

Page 4

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Charles Evans Construction Limited is a private limited company, limited by shares, incorporated in England and Wales. It's registered office is Venture Point Business Park, Evans Road, Liverpool, L24 9PB. The company number is 05601668.
The principal activity of the group is shopfitting and specialist joinery services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The consolidated financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presented in Sterling (£).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 October 2014.

 
2.3

Going concern

The Group depends on its existing bank facilities to meet its day to day working capital requirements. Current forecasts indicate that the Group expects to be able to operate within these facilities for whole of the foreseeable future. These facilities are renewed annually and are not guaranteed for the period covered by the going concern review. The Directors are not aware, however, of any circumstances that may adversely affect the renewal of these facilities. Accordingly, the directors believe it is appropriate to prepare the financial statements on the going concern basis.

Page 5

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Group has transferred the significant risks and rewards of ownership to the buyer;
the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 Group 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.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 6

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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, using the straight-line method and reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant & machinery
-
20% straight line and 25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
20% straight line

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.

 
2.7

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Page 7

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Consolidated statement of comprehensive income in the same period as the related expenditure.

 
2.14

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.15

Operating leases: the Group as lessee

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

 
2.16

Leased assets: the Group as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 8

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.17

Pensions

Defined contribution pension plan

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

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Group in independently administered funds.

 
2.18

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.19

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.20

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 9

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.21

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 26 (2022 - 30).

Page 10

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets

Group and Company





Goodwill

£



Cost


At 1 January 2023
3,877,147



At 31 December 2023

3,877,147



Amortisation


At 1 January 2023
3,782,803


Charge for the year on owned assets
94,344



At 31 December 2023

3,877,147



Net book value



At 31 December 2023
-



At 31 December 2022
94,344



Page 11

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets

Group






Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
2,000,000
474,580
236,689
265,967
2,977,236


Additions
-
87,595
89,308
3,450
180,353


Disposals
-
-
(15,594)
-
(15,594)



At 31 December 2023

2,000,000
562,175
310,403
269,417
3,141,995



Depreciation


At 1 January 2023
71,821
473,941
123,542
259,089
928,393


Charge for the year on owned assets
49,032
3,835
5,490
3,664
62,021


Charge for the year on financed assets
-
-
32,561
-
32,561


Disposals
-
-
(15,594)
-
(15,594)



At 31 December 2023

120,853
477,776
145,999
262,753
1,007,381



Net book value



At 31 December 2023
1,879,147
84,399
164,404
6,664
2,134,614



At 31 December 2022
1,928,179
638
113,146
6,879
2,048,842

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
76,572
113,146

76,572
113,146

Page 12

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Cost or valuation at 31 December 2023 is as follows:

Land and buildings
£


At cost
2,086,986
At valuation:

On 24 May 2021 by Colliers International Valuation UK LLP on market value basis
(86,986)



2,000,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2023
2022
£
£

Group


Cost
2,086,986
2,086,986

Accumulated depreciation
(630,733)
(594,215)

Net book value
1,456,253
1,492,771

Page 13

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
4,610,502



At 31 December 2023

4,610,502



Impairment


At 1 January 2023
3,110,502



At 31 December 2023

3,110,502


Direct subsidiary undertaking


The following was a direct subsidiary undertaking of the Company:

Name

Class of shares

Holding

Charles Evans Holdings Limited
Ordinary
100%


Indirect subsidiary undertakings


The following were indirect subsidiary undertakings of the Company:

Name

Class of shares

Holding

Charles Evans Group Limited
Ordinary
100%
Charles Evans Shopfitters Limited
Ordinary
100%
Charles Evans Joinery Limited
Ordinary
100%

Page 14

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£


Trade debtors
1,232,593
834,347
-
-

Amounts owed by group undertakings
-
-
277,520
277,520

Other debtors
2,505
24,060
-
-

Prepayments and accrued income
99,737
37,081
-
-

Amounts recoverable on long-term contracts
274,050
1,032,323
-
-

1,608,885
1,927,811
277,520
277,520



8.


Cash and cash equivalents

Group
Group
2023
2022
£
£

Cash at bank and in hand
1,181,199
312,304

1,181,199
312,304



9.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£

Bank loans
66,933
50,418
66,933
50,418

Trade creditors
1,997,262
1,749,047
-
-

Amounts owed to group undertakings
-
-
162,602
864,165

Corporation tax
13,175
18,598
-
-

Other taxation and social security
830,972
539,902
-
-

Obligations under finance lease and hire purchase contracts
30,762
30,762
-
-

Other creditors
43,560
43,287
-
-

Accruals and deferred income
435,940
345,592
5,992
4,664

3,418,604
2,777,606
235,527
919,247


Bank loans are secured by a fixed and floating charge over all the assets of the group, by a charge over the buildings of the group and are also secured by a Life Policy on the life of P. W. McGregor, a director.
Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

Page 15

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Creditors: Amounts falling due after more than one year

Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£

Bank loans
535,636
610,634
535,636
610,634

Net obligations under finance leases and hire purchase contracts
40,917
71,679
-
-

576,553
682,313
535,636
610,634


Bank loans are secured by a fixed and floating charge over all the assets of the group, by a charge over the buildings of the group and are also secured by a Life Policy on the life of P. W. McGregor, a director.
Net obligations under finance leases and hire purchase contracts are secured on the assets concerned.


11.


Loans


Analysis of the maturity of loans is given below:


Group
Group
Company
Company
2023
2022
2023
2022
£
£
£
£

Amounts falling due within one year

Bank loans
66,933
50,418
66,933
50,418


66,933
50,418
66,933
50,418

Amounts falling due 1-2 years

Bank loans
73,182
53,941
73,182
53,941


73,182
53,941
73,182
53,941

Amounts falling due 2-5 years

Bank loans
462,455
556,693
462,455
556,693


462,455
556,693
462,455
556,693

602,570
661,052
602,570
661,052


Page 16

 
CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

Group
Group
2023
2022
£
£

Within one year
34,665
34,665

Between 1-5 years
44,234
78,899

78,899
113,564


13.


Provisions


Group



Grants

£





At 1 January 2023
131,800


Utilised in year
(4,000)



At 31 December 2023
127,800

The grants relate to assistance with the construction of the building and the acquisition of plant and machinery.  Both are being released over their estimated useful lives.


14.


Reserves

Share premium account

The share premium account represents the premium paid on issue of shares.

Revaluation reserve

The revaluation reserve represents the gain on the revaluation of freehold land and buildings.

Profit & loss account

This reserve includes all current and prior period retained profits and losses.


15.


Pension commitments

The group pays into personal pension plans. The assets of these plans are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the plans.

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CHARLES EVANS CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

16.


Related party transactions

The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 and has not disclosed transactions with other wholly owned group companies.


17.


Controlling party

The controlling party of the company is P. W. McGregor.


18.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 7 August 2024 by Stephen Talbot (Senior statutory auditor) on behalf of Langtons Professional Services Limited.

 
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