Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse3No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-014truefalse 01356785 2023-01-01 2023-12-31 01356785 2022-01-01 2022-12-31 01356785 2023-12-31 01356785 2022-12-31 01356785 2022-01-01 01356785 6 2023-01-01 2023-12-31 01356785 6 2022-01-01 2022-12-31 01356785 d:Director2 2023-01-01 2023-12-31 01356785 e:Buildings 2023-01-01 2023-12-31 01356785 e:Buildings 2023-12-31 01356785 e:Buildings 2022-12-31 01356785 e:Buildings e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01356785 e:PlantMachinery 2023-01-01 2023-12-31 01356785 e:PlantMachinery 2023-12-31 01356785 e:PlantMachinery 2022-12-31 01356785 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01356785 e:ComputerEquipment 2023-01-01 2023-12-31 01356785 e:ComputerEquipment 2023-12-31 01356785 e:ComputerEquipment 2022-12-31 01356785 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01356785 e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01356785 e:CurrentFinancialInstruments 2023-12-31 01356785 e:CurrentFinancialInstruments 2022-12-31 01356785 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 01356785 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 01356785 e:ShareCapital 2023-12-31 01356785 e:ShareCapital 2022-12-31 01356785 e:ShareCapital 2022-01-01 01356785 e:SharePremium 2023-12-31 01356785 e:SharePremium 2022-12-31 01356785 e:SharePremium 2022-01-01 01356785 e:RevaluationReserve 2023-01-01 2023-12-31 01356785 e:RevaluationReserve 2023-12-31 01356785 e:RevaluationReserve 6 2023-01-01 2023-12-31 01356785 e:RevaluationReserve 2022-01-01 2022-12-31 01356785 e:RevaluationReserve 2022-12-31 01356785 e:RevaluationReserve 2022-01-01 01356785 e:RevaluationReserve 6 2022-01-01 2022-12-31 01356785 e:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01356785 e:RetainedEarningsAccumulatedLosses 2023-12-31 01356785 e:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01356785 e:RetainedEarningsAccumulatedLosses 2022-12-31 01356785 e:RetainedEarningsAccumulatedLosses 2022-01-01 01356785 d:FRS102 2023-01-01 2023-12-31 01356785 d:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01356785 d:FullAccounts 2023-01-01 2023-12-31 01356785 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01356785 5 2023-01-01 2023-12-31 01356785 6 2023-01-01 2023-12-31 01356785 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 01356785










EVEDAN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EVEDAN LIMITED
REGISTERED NUMBER: 01356785

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,193,911
2,244,130

  
2,193,911
2,244,130

Current assets
  

Debtors: amounts falling due within one year
 6 
66,831
47,094

Cash at bank and in hand
  
13,302
27,571

  
80,133
74,665

Creditors: amounts falling due within one year
 7 
(72,465)
(131,606)

Net current assets/(liabilities)
  
 
 
7,668
 
 
(56,941)

Total assets less current liabilities
  
2,201,579
2,187,189

Provisions for liabilities
  

Deferred tax
  
(2,293)
(2,543)

  
 
 
(2,293)
 
 
(2,543)

Net assets
  
2,199,286
2,184,646


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
14,349
14,349

Revaluation reserve
  
1,616,675
1,640,264

Profit and loss account
  
568,260
530,031

  
2,199,286
2,184,646


Page 1

 
EVEDAN LIMITED
REGISTERED NUMBER: 01356785
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 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 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 27 August 2024.




M D Williams
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
EVEDAN LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 January 2022
2
14,349
1,663,853
423,953
2,102,157


Comprehensive income for the year

Profit for the year
-
-
-
82,489
82,489

Surplus on revaluation of leasehold property
-
-
-
23,589
23,589


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
-
(23,589)
-
(23,589)



At 1 January 2023
2
14,349
1,640,264
530,031
2,184,646


Comprehensive income for the year

Profit for the year
-
-
-
14,640
14,640

Surplus on revaluation of leasehold property
-
-
-
23,589
23,589


Contributions by and distributions to owners

Transfer to/from profit and loss account
-
-
(23,589)
-
(23,589)


At 31 December 2023
2
14,349
1,616,675
568,260
2,199,286


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
EVEDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Evedan Limited, (01356785), is a private company limited by shares and incorporated in England. Its registered office is Little Mead Industrial Estate, Alfold Road, Cranleigh, Surrey, GU6 8ND.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

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

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 Company 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.

 
2.3

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.

Page 4

 
EVEDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant and machinery
-
15% reducing balance
Computer equipment
-
33% 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.

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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.

Page 5

 
EVEDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

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.

 
2.10

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.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company 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 Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022: 3).

Page 6

 
EVEDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
2,900,000
74,725
3,147
2,977,872


Additions
-
525
-
525



At 31 December 2023

2,900,000
75,250
3,147
2,978,397



Depreciation


At 1 January 2023
666,042
64,552
3,147
733,741


Charge for the year on owned assets
49,219
1,526
-
50,745



At 31 December 2023

715,261
66,078
3,147
784,486



Net book value



At 31 December 2023
2,184,739
9,172
-
2,193,911



At 31 December 2022
2,233,958
10,172
-
2,244,130

Page 7

 
EVEDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023

1



Impairment


At 1 January 2023
1



At 31 December 2023

1

The subsidiary undertaking of the company is Centriplant Rebuilds and Tank Company Limited. Evedan Limited has a 100% holding of the Ordinary shares.

Page 8

 
EVEDAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
32,491
42,627

Amounts owed by group undertakings
19,545
-

Other debtors
582
-

Prepayments and accrued income
14,213
4,467

66,831
47,094



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
40,537

Trade creditors
29,474
11,385

Amounts owed to group undertakings
-
41,722

Corporation tax
19,267
1,147

Other taxation and social security
6,172
7,106

Other creditors
4,924
20,004

Accruals and deferred income
12,628
9,705

72,465
131,606


 
Page 9