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REGISTERED NUMBER: 01596668 (England and Wales)















EVERSEAL LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






EVERSEAL LIMITED (REGISTERED NUMBER: 01596668)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


EVERSEAL LIMITED

Company Information
for the year ended 31 December 2023







Directors: M G Monk
M R Monk





Secretary: M G Monk





Registered office: t/a St Johns Window Centre
71 - 75 St Johns
Worcester
Worcestershire
WR2 5AG





Registered number: 01596668 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Everseal Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Everseal Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Everseal 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 Everseal Limited and state those matters that we have agreed to state to the Board of Directors of Everseal Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Everseal 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 loss of Everseal Limited. You consider that Everseal 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 Everseal 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.






Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


Date: .............................................

EVERSEAL LIMITED (REGISTERED NUMBER: 01596668)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 25,384 30,786

Current assets
Stocks 5 17,771 17,771
Debtors 6 100,365 226,419
Cash at bank and in hand 122,898 90,968
241,034 335,158
Creditors
Amounts falling due within one year 7 155,734 181,932
Net current assets 85,300 153,226
Total assets less current liabilities 110,684 184,012

Creditors
Amounts falling due after more than one year 8 (79,019 ) (102,453 )

Provisions for liabilities 9 (6,005 ) (5,849 )
Net assets 25,660 75,710

Capital and reserves
Called up share capital 2 2
Retained earnings 25,658 75,708
Shareholders' funds 25,660 75,710

EVERSEAL LIMITED (REGISTERED NUMBER: 01596668)

Balance Sheet - continued
31 December 2023


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.

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 23 September 2024 and were signed on its behalf by:





M G Monk - Director


EVERSEAL LIMITED (REGISTERED NUMBER: 01596668)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Everseal 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.

Turnover
Turnover represents net invoiced of services, excluding value added tax. Turnover is recognised when the service is provided to the customer.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Service contracts are accounted for under the stage of completion method and included at the contract value.

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.

Hire purchase and leasing commitments
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.

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.

3. Employees and directors

The average number of employees during the year was 19 (2022 - 19 ) .

EVERSEAL LIMITED (REGISTERED NUMBER: 01596668)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£ £ £
Cost
At 1 January 2023 137,766 72,712 210,478
Additions 3,059 - 3,059
At 31 December 2023 140,825 72,712 213,537
Depreciation
At 1 January 2023 121,462 58,231 179,693
Charge for year 4,840 3,620 8,460
At 31 December 2023 126,302 61,851 188,153
Net book value
At 31 December 2023 14,523 10,861 25,384
At 31 December 2022 16,304 14,481 30,785

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 January 2023
and 31 December 2023 22,275
Depreciation
At 1 January 2023 12,878
Charge for year 2,349
At 31 December 2023 15,227
Net book value
At 31 December 2023 7,048
At 31 December 2022 9,397

5. Stocks
2023 2022
£ £
Stocks 17,771 17,771

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 46,641 158,628
Amounts due under contracts
not yet invoiced 40,456 47,645
Prepayments 13,268 20,146
100,365 226,419

EVERSEAL LIMITED (REGISTERED NUMBER: 01596668)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 23,708 24,158
Hire purchase contracts 4,998 4,591
Trade creditors 88,636 120,263
Corporation tax - 1,153
Social security and other taxes 7,886 6,554
Pension 381 539
VAT 24,674 19,136
Directors' current accounts 2,671 2,671
Accrued expenses 2,780 2,867
155,734 181,932

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1-2 years 75,460 93,896
Hire purchase contracts 3,559 8,557
79,019 102,453

9. Provisions for liabilities
2023 2022
£ £
Deferred tax 6,005 5,849

Deferred tax
£
Balance at 1 January 2023 5,849
Provided during year 156
Accelerated capital allowances
Movement
Balance at 31 December 2023 6,005