IRIS Accounts Production v24.2.0.383 01678294 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Fair value model Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure016782942022-12-31016782942023-12-31016782942023-01-012023-12-31016782942021-12-31016782942022-01-012022-12-31016782942022-12-3101678294ns16:EnglandWales2023-01-012023-12-3101678294ns15:PoundSterling2023-01-012023-12-3101678294ns11:Director12023-01-012023-12-3101678294ns11:PrivateLimitedCompanyLtd2023-01-012023-12-3101678294ns11:SmallEntities2023-01-012023-12-3101678294ns11:AuditExempt-NoAccountantsReport2023-01-012023-12-3101678294ns11:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101678294ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101678294ns11:FullAccounts2023-01-012023-12-310167829412023-01-012023-12-3101678294ns11:OrdinaryShareClass22023-01-012023-12-3101678294ns11:OrdinaryShareClass32023-01-012023-12-3101678294ns11:OrdinaryShareClass42023-01-012023-12-3101678294ns11:OrdinaryShareClass52023-01-012023-12-3101678294ns11:Director22023-01-012023-12-3101678294ns11:CompanySecretary12023-01-012023-12-3101678294ns11:CompanySecretary22023-01-012023-12-3101678294ns11:RegisteredOffice2023-01-012023-12-3101678294ns6:CurrentFinancialInstruments2023-12-3101678294ns6:CurrentFinancialInstruments2022-12-3101678294ns6:Non-currentFinancialInstruments2023-12-3101678294ns6:Non-currentFinancialInstruments2022-12-3101678294ns6:ShareCapital2023-12-3101678294ns6:ShareCapital2022-12-3101678294ns6:CapitalRedemptionReserve2023-12-3101678294ns6:CapitalRedemptionReserve2022-12-3101678294ns6:RetainedEarningsAccumulatedLosses2023-12-3101678294ns6:RetainedEarningsAccumulatedLosses2022-12-3101678294ns6:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3101678294ns6:LandBuildings2023-01-012023-12-3101678294ns6:PlantMachinery2023-01-012023-12-3101678294ns6:IntangibleAssetsOtherThanGoodwill2022-12-3101678294ns6:IntangibleAssetsOtherThanGoodwill2023-12-3101678294ns6:IntangibleAssetsOtherThanGoodwill2022-12-3101678294ns6:LandBuildings2022-12-3101678294ns6:PlantMachinery2022-12-3101678294ns6:LandBuildings2023-12-3101678294ns6:PlantMachinery2023-12-3101678294ns6:LandBuildings2022-12-3101678294ns6:PlantMachinery2022-12-3101678294ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-12-3101678294ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-01-012023-12-3101678294ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-12-3101678294ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-12-3101678294ns6:CostValuation2022-12-3101678294ns6:AdditionsToInvestments2023-12-3101678294ns6:CostValuation2023-12-3101678294ns6:WithinOneYearns6:CurrentFinancialInstruments2023-12-3101678294ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3101678294ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2023-12-3101678294ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-12-3101678294ns6:WithinOneYearns6:FinanceLeasesns6:CurrentFinancialInstruments2023-12-3101678294ns6:WithinOneYearns6:FinanceLeasesns6:CurrentFinancialInstruments2022-12-3101678294ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2023-12-3101678294ns6:BetweenOneFiveYearsns6:HirePurchaseContracts2022-12-3101678294ns6:BetweenOneFiveYearsns6:FinanceLeases2023-12-3101678294ns6:BetweenOneFiveYearsns6:FinanceLeases2022-12-3101678294ns6:HirePurchaseContracts2023-12-3101678294ns6:HirePurchaseContracts2022-12-3101678294ns6:FinanceLeases2023-12-3101678294ns6:FinanceLeases2022-12-3101678294ns6:WithinOneYear2023-12-3101678294ns6:WithinOneYear2022-12-3101678294ns6:DeferredTaxation2022-12-3101678294ns6:DeferredTaxation2023-01-012023-12-3101678294ns6:DeferredTaxation2023-12-3101678294ns11:OrdinaryShareClass22023-12-3101678294ns11:OrdinaryShareClass32023-12-3101678294ns11:OrdinaryShareClass42023-12-3101678294ns11:OrdinaryShareClass52023-12-31
REGISTERED NUMBER: 01678294 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MCEVOY AND ROWLEY SERVICES LIMITED

MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCEVOY AND ROWLEY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C A Rowley
T P Davison





SECRETARIES: C A Rowley
RJP Secretaries Limited





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 01678294 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,795 6,063
Tangible assets 5 3,845,565 3,783,232
Investments 6 144,335 10,000
4,005,695 3,799,295

CURRENT ASSETS
Stocks 852,975 1,323,488
Debtors 7 126,163 348,750
Cash at bank and in hand 65,107 68,903
1,044,245 1,741,141
CREDITORS
Amounts falling due within one year 8 1,695,333 1,951,099
NET CURRENT LIABILITIES (651,088 ) (209,958 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,354,607

3,589,337

CREDITORS
Amounts falling due after more than one year 9 (1,071,090 ) (1,099,896 )

PROVISIONS FOR LIABILITIES 12 (337,030 ) (248,100 )
NET ASSETS 1,946,487 2,241,341

CAPITAL AND RESERVES
Called up share capital 13 16,000 16,000
Capital redemption reserve 4,000 4,000
Retained earnings 1,926,487 2,221,341
SHAREHOLDERS' FUNDS 1,946,487 2,241,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





C A Rowley - Director


MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

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


1. STATUTORY INFORMATION

McEvoy and Rowley Services 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about McEvoy and Rowley Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. In respect of retail sales, turnover is recognised at the point of sale. All other sales are recognised as turnover on the latter of delivery or installation.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Number plates are amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided and Straight line over 46 years
Plant and machinery etc - 33.33% on cost, 25% on cost, 25% on reducing balance, 15% on reducing balance and 5% on cost

The freehold property included within land and buildings is not depreciated as the carrying value of the property is not materially different from the market value of the property. This is a departure from the Companies Act 2006 which requires buildings to be depreciated over their useful economic lives. The directors consider that depreciation is not appropriate and the accounting policy adopted is necessary for the accounts to show a true and fair view.

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

Cost is defined as the actual cost of goods to be sold.

Net realisable value is defined as the expected selling price less estimated selling costs.


MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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 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.

Hire purchase and leasing
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

Investments
Fixed asset investments are stated at cost. At each reporting date, fixed asset investments are measured at fair value with changes in fair value recognised in the profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 33 ) .

MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 27,815
Additions 15,649
At 31 December 2023 43,464
AMORTISATION
At 1 January 2023 21,752
Charge for year 5,917
At 31 December 2023 27,669
NET BOOK VALUE
At 31 December 2023 15,795
At 31 December 2022 6,063

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,496,833 3,720,453 5,217,286
Additions - 557,198 557,198
Disposals - (170,304 ) (170,304 )
At 31 December 2023 1,496,833 4,107,347 5,604,180
DEPRECIATION
At 1 January 2023 60,192 1,373,862 1,434,054
Charge for year 9,257 366,507 375,764
Eliminated on disposal - (51,203 ) (51,203 )
At 31 December 2023 69,449 1,689,166 1,758,615
NET BOOK VALUE
At 31 December 2023 1,427,384 2,418,181 3,845,565
At 31 December 2022 1,436,641 2,346,591 3,783,232

MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 972,913
Additions 409,432
Disposals (121,533 )
At 31 December 2023 1,260,812
DEPRECIATION
At 1 January 2023 180,027
Charge for year 174,190
Eliminated on disposal (27,002 )
At 31 December 2023 327,215
NET BOOK VALUE
At 31 December 2023 933,597
At 31 December 2022 792,886

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 10,000
Additions 122,706
Share of profit/(loss) 11,629
At 31 December 2023 144,335
NET BOOK VALUE
At 31 December 2023 144,335
At 31 December 2022 10,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 105,020 48,831
Other debtors 21,143 299,919
126,163 348,750

MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 52,926 57,326
Hire purchase contracts and finance leases (see note 10)
230,389

170,728
Trade creditors 616,316 591,113
Taxation and social security 217,645 171,937
Other creditors 578,057 959,995
1,695,333 1,951,099

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 402,105 451,653
Hire purchase contracts and finance leases (see note 10)
668,985

648,243
1,071,090 1,099,896

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Net obligations repayable:
Within one year 225,326 161,926 5,063 8,802
Between one and five years 649,656 606,808 19,329 41,435
874,982 768,734 24,392 50,237

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year - 23,000

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 430,031 473,889

Bank loans are secured by various charges over the properties owned by the company.

MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 337,030 248,100

Deferred
tax
£   
Balance at 1 January 2023 248,100
Provided during year 88,930
Balance at 31 December 2023 337,030

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
4,000 Ordinary B £1 4,000 4,000
4,000 Ordinary C £1 4,000 4,000
4,000 Ordinary D £1 4,000 4,000
2,000 Ordinary E £1 2,000 2,000
2,000 Ordinary F £1 2,000 2,000
16,000 16,000

All shares rank pari passu in all respects.

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Director
Balance outstanding at start of year (57,367 ) 45,595
Amounts advanced 148,604 240,038
Amounts repaid (264,000 ) (343,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (172,763 ) (57,367 )

Director
Balance outstanding at start of year (91,369 ) (3,106 )
Amounts advanced 95,045 90,437
Amounts repaid (109,000 ) (178,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (105,324 ) (91,369 )

The loans are interest free.

MCEVOY AND ROWLEY SERVICES LIMITED (REGISTERED NUMBER: 01678294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


15. PARENT COMPANY

The immediate and ultimate parent company is McEvoy & Rowley Hco Limited, a company registered in England and Wales.

These accounts present information about the company as an individual undertaking. Group accounts are not prepared because the group qualifies as a small group.