Company registration number 06811936 (England and Wales)
EVESHAM CABLE AND HARNESSES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
EVESHAM CABLE AND HARNESSES LIMITED
COMPANY INFORMATION
Directors
Mr J W Blower
Mr D J Blower
Mrs S J Blower
Mrs S M Perkins
Mr G Choonara
Company number
06811936
Registered office
Unit D Crab Apple Court
Crab Apple Way
Vale Business Park
Evesham
Worcestershire
WR11 1AE
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC Bank plc
32 Bridge Street
Evesham
Worcestershire
WR11 4RU
EVESHAM CABLE AND HARNESSES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
EVESHAM CABLE AND HARNESSES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EVESHAM CABLE AND HARNESSES LIMITED FOR THE YEAR ENDED 31 MARCH 2024
- 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 Evesham Cable and Harnesses Limited for the year ended 31 March 2024 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Evesham Cable and Harnesses Limited, 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 Evesham Cable and Harnesses Limited and state those matters that we have agreed to state to the board of directors of Evesham Cable and Harnesses 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 Evesham Cable and Harnesses Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Evesham Cable and Harnesses 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 Evesham Cable and Harnesses Limited. You consider that Evesham Cable and Harnesses 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 Evesham Cable and Harnesses 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.

Ormerod Rutter Limited
25 July 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
EVESHAM CABLE AND HARNESSES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,191,348
1,168,177
Investments
4
40,088
40,088
1,231,436
1,208,265
Current assets
Debtors
5
512,807
520,351
Cash at bank and in hand
21,852
38,931
534,659
559,282
Creditors: amounts falling due within one year
6
(115,630)
(129,470)
Net current assets
419,029
429,812
Total assets less current liabilities
1,650,465
1,638,077
Creditors: amounts falling due after more than one year
7
(715,163)
(758,698)
Provisions for liabilities
9
(22,960)
(21,496)
Net assets
912,342
857,883
Capital and reserves
Called up share capital
10
120
120
Profit and loss reserves
912,222
857,763
Total equity
912,342
857,883

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 March 2024 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.

EVESHAM CABLE AND HARNESSES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 25 July 2024 and are signed on its behalf by:
Mr D J Blower
Director
Company registration number 06811936 (England and Wales)
EVESHAM CABLE AND HARNESSES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Evesham Cable and Harnesses Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit D Crab Apple Court, Crab Apple Way, Vale Business Park, Evesham, Worcestershire, United Kingdom, WR11 1AE.

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 have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

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:

Land and buildings freehold
not provided
Improvements to property
5% on cost
Plant and machinery
15% on reducing balance
Fixtures and fittings
25% on reducing balance
Computer equipment
25% on cost

No depreciation is provided on freehold land and property. This treatment may be a departure from the requirements of Companies Act 2006 concerning depreciation of fixed assets, however, the company follows a program of regular refurbishment and maintenance of its properties, which includes the reinstatement of the fabric of the buildings where necessary in order to maintain them to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and no provision has been made, as the residual value would be in excess of cost.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

EVESHAM CABLE AND HARNESSES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
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.

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.

2
Employees

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

2024
2023
Number
Number
Total
5
5
EVESHAM CABLE AND HARNESSES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
3
Tangible fixed assets
Land and buildings freehold
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
£
£
Cost
At 1 April 2023
1,028,332
22,000
253,268
92,337
990
1,396,927
Additions
-
0
48,348
-
0
-
0
-
0
48,348
At 31 March 2024
1,028,332
70,348
253,268
92,337
990
1,445,275
Depreciation and impairment
At 1 April 2023
-
0
3,300
166,948
57,517
985
228,750
Depreciation charged in the year
-
0
3,517
12,953
8,707
-
0
25,177
At 31 March 2024
-
0
6,817
179,901
66,224
985
253,927
Carrying amount
At 31 March 2024
1,028,332
63,531
73,367
26,113
5
1,191,348
At 31 March 2023
1,028,332
18,700
86,320
34,820
5
1,168,177
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
40,088
40,088
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
512,807
488,578
Other debtors
-
0
31,773
512,807
520,351
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
60,032
62,872
Taxation and social security
44,792
64,837
Other creditors
10,806
1,761
115,630
129,470
EVESHAM CABLE AND HARNESSES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
715,163
758,698
8
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
775,195
821,570
Bank loans are secured by way of a fixed and floating charge over all assets of the company and a government-backed guarantee.
9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
22,960
21,496
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
76
80
76
80
Ordinary D of £1 each
12
12
12
12
Ordinary E of £1 each
12
12
12
12
Ordinary F of £1 each
12
12
12
12
Ordinary G of £1 each
4
4
4
4
Ordinary H of £1 each
2
-
2
-
Ordinary I of £1 each
2
-
2
-
120
120
120
120

During the year, the company underwent a share reorganisation.

 

Subsequently, the company then passed a special resolution by reclassifying 4 Ordinary A £1 shares into 2 Ordinary H £1 shares and 2 Ordinary I £1 shares. The rights and privileges attached to these shares remain unaltered.

11
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

EVESHAM CABLE AND HARNESSES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
12
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Loan accounts
-
31,773
(31,773)
-
31,773
(31,773)
-

The directors' loan accounts were repaid within nine months of the year end.

13
Ultimate controlling party

The ultimate controlling party is Mr D J Blower.

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