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Company registration number: 9710138







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


WILLIAM EVANS LIMITED






































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WILLIAM EVANS LIMITED
 


 
COMPANY INFORMATION


Director
J R C Cox 




Registered number
9710138



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
The Old Armoury
Queens Road

Bisley Camp

Brookwood

Surrey

GU24 0NY






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


WILLIAM EVANS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


WILLIAM EVANS LIMITED
REGISTERED NUMBER:9710138



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
320
400

Tangible assets
 6 
43,972
65,898

  
44,292
66,298

Current assets
  

Stocks
  
1,071,526
1,222,867

Debtors: amounts falling due after more than one year
 7 
22,446
35,056

Debtors: amounts falling due within one year
 7 
157,969
144,712

Cash at bank and in hand
  
243,859
196,765

  
1,495,800
1,599,400

Creditors: amounts falling due within one year
 8 
(3,476,995)
(3,484,374)

Net current liabilities
  
 
 
(1,981,195)
 
 
(1,884,974)

Total assets less current liabilities
  
(1,936,903)
(1,818,676)

  

Net liabilities
  
(1,936,903)
(1,818,676)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(1,937,903)
(1,819,676)

  
(1,936,903)
(1,818,676)


Page 1

 


WILLIAM EVANS LIMITED
REGISTERED NUMBER:9710138


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 statement of income and retained earnings 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 by: 



J R C Cox
Director

Date: 22 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


WILLIAM EVANS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

William Evans Limited is a private company limited by shares, registered in England and Wales. The address of the registered office and trading address is given on the company information page. 


2.


Going concern

The accounts have been prepared on the assumption that the Company is a going concern, on the grounds that the shareholders will continue to provide financial support for its ordinary activity in the same parameters that the shareholders have applied to date.
As a result of the actions described above, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

3.Accounting policies

 
3.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
3.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
3.3

Operating leases: the Company as lessee

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

 
3.4

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 the Statement of Income and Retained Earnings 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.

 
3.5

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.



 Amortisation is provided on the following bases:

Trademarks
-
10
years

Page 3

 


WILLIAM EVANS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.Accounting policies (continued)

 
3.6

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.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the remaining life of the lease
Plant and machinery
-
25%
Motor vehicles
-
25%

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.

 
3.7

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. 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.


4.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 15).

Page 4

 


WILLIAM EVANS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Intangible assets




Trademarks

£



Cost


At 1 April 2023
800



At 31 March 2024

800



Amortisation


At 1 April 2023
400


Charge for the year on owned assets
80



At 31 March 2024

480



Net book value



At 31 March 2024
320



At 31 March 2023
400



Page 5

 


WILLIAM EVANS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 April 2023
236,830
24,925
23,808
285,563


Additions
-
171
-
171



At 31 March 2024

236,830
25,096
23,808
285,734



Depreciation


At 1 April 2023
175,834
20,023
23,808
219,665


Charge for the year on owned assets
20,201
1,896
-
22,097



At 31 March 2024

196,035
21,919
23,808
241,762



Net book value



At 31 March 2024
40,795
3,177
-
43,972



At 31 March 2023
60,996
4,902
-
65,898


7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
22,446
35,056

22,446
35,056


2024
2023
£
£

Due within one year

Trade debtors
45,380
15,419

Other debtors
10,224
10,116

Prepayments and accrued income
102,365
119,177

157,969
144,712


Page 6

 


WILLIAM EVANS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
207,986
173,796

Other taxation and social security
42,045
46,806

Other creditors
3,211,724
3,242,467

Accruals and deferred income
15,240
21,305

3,476,995
3,484,374


Secured loans
A fixed and floating charge is held over the assets owned by the company in respect of shareholders loans of
£2,500,000 (2023: £2,500,000) included within other creditors.


9.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
146,884
143,500

Later than 1 year and not later than 5 years
279,333
399,333

Later than 5 years
193,810
217,310

620,027
760,143

 
Page 7