IRIS Accounts Production v24.2.0.383 12495880 director 1.4.23 31.3.24 31.3.24 4.9.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124958802023-03-31124958802024-03-31124958802023-04-012024-03-31124958802022-03-31124958802022-04-012023-03-31124958802023-03-3112495880ns15:EnglandWales2023-04-012024-03-3112495880ns14:PoundSterling2023-04-012024-03-3112495880ns10:Director12023-04-012024-03-3112495880ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112495880ns10:SmallEntities2023-04-012024-03-3112495880ns10:Audited2023-04-012024-03-3112495880ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112495880ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112495880ns10:FullAccounts2023-04-012024-03-3112495880ns10:RegisteredOffice2023-04-012024-03-3112495880ns5:CurrentFinancialInstruments2024-03-3112495880ns5:CurrentFinancialInstruments2023-03-3112495880ns5:ShareCapital2024-03-3112495880ns5:ShareCapital2023-03-3112495880ns5:RetainedEarningsAccumulatedLosses2024-03-3112495880ns5:RetainedEarningsAccumulatedLosses2023-03-3112495880ns5:PlantMachinery2023-04-012024-03-3112495880ns5:PlantMachinery2023-03-3112495880ns5:PlantMachinery2024-03-3112495880ns5:PlantMachinery2023-03-3112495880ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3112495880ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 12495880 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EVMET LIMITED

EVMET LIMITED (REGISTERED NUMBER: 12495880)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EVMET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D J Evans





REGISTERED OFFICE: 7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG





REGISTERED NUMBER: 12495880 (England and Wales)





AUDITORS: D.R.E. & Co. (Audit) Limited
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG

EVMET LIMITED (REGISTERED NUMBER: 12495880)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,637 27,084

CURRENT ASSETS
Stocks 109,585 113,328
Debtors 6 3,922,937 3,712,276
Cash at bank 1,802,345 1,194,438
5,834,867 5,020,042
CREDITORS
Amounts falling due within one year 7 936,814 898,442
NET CURRENT ASSETS 4,898,053 4,121,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,912,690

4,148,684

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,912,590 4,148,584
4,912,690 4,148,684

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 director and authorised for issue on 4 September 2024 and were signed by:





D J Evans - Director


EVMET LIMITED (REGISTERED NUMBER: 12495880)

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

1. STATUTORY INFORMATION

Evmet Limited 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.

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.

The accounts are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

EVMET LIMITED (REGISTERED NUMBER: 12495880)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 53,082
Additions 1,526
At 31 March 2024 54,608
DEPRECIATION
At 1 April 2023 25,998
Charge for year 13,973
At 31 March 2024 39,971
NET BOOK VALUE
At 31 March 2024 14,637
At 31 March 2023 27,084

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,285,584 3,160,227
Tax 78,055 -
VAT 559,298 552,049
3,922,937 3,712,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 578,376 157,061
Tax - 543,820
Other creditors 568 554
Directors' current accounts 14,247 14,247
Accruals and deferred income 343,623 182,760
936,814 898,442

EVMET LIMITED (REGISTERED NUMBER: 12495880)

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

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled Davies FCCA (Senior Statutory Auditor)
for and on behalf of D.R.E. & Co. (Audit) Limited