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REGISTERED NUMBER: 07393075 (England and Wales)















RICHARD EVANS CARPENTRY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






RICHARD EVANS CARPENTRY LTD (REGISTERED NUMBER: 07393075)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RICHARD EVANS CARPENTRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R J Evans





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 07393075 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

RICHARD EVANS CARPENTRY LTD (REGISTERED NUMBER: 07393075)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 108,270 24,391
108,270 24,391

CURRENT ASSETS
Stocks 38,918 16,756
Debtors 6 459,585 612,166
Cash at bank and in hand 584,976 501,952
1,083,479 1,130,874
CREDITORS
Amounts falling due within one year 7 210,376 210,146
NET CURRENT ASSETS 873,103 920,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

981,373

945,119

CREDITORS
Amounts falling due after more than one
year

8

(75,676

)

(24,167

)

PROVISIONS FOR LIABILITIES (3,176 ) (4,432 )
NET ASSETS 902,521 916,520

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 902,421 916,420
SHAREHOLDERS' FUNDS 902,521 916,520

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 director acknowledges his 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.

RICHARD EVANS CARPENTRY LTD (REGISTERED NUMBER: 07393075)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





R J Evans - Director


RICHARD EVANS CARPENTRY LTD (REGISTERED NUMBER: 07393075)

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

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the incorporation of the business in 2010, has been amortised over it's estimated useful life of 5 years.

Formation costs
Formation costs have been fully amortised in the year in which they were incurred.

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 - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


RICHARD EVANS CARPENTRY LTD (REGISTERED NUMBER: 07393075)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 50,000 143 50,143
AMORTISATION
At 1 January 2023
and 31 December 2023 50,000 143 50,143
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

RICHARD EVANS CARPENTRY LTD (REGISTERED NUMBER: 07393075)

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

5. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 12,415 10,822 26,250 7,967 57,454
Additions - - 128,067 624 128,691
Disposals (1,362 ) - (11,750 ) (5,279 ) (18,391 )
At 31 December 2023 11,053 10,822 142,567 3,312 167,754
DEPRECIATION
At 1 January 2023 7,845 5,930 11,321 7,967 33,063
Charge for year 827 979 33,547 208 35,561
Eliminated on disposal (923 ) - (2,938 ) (5,279 ) (9,140 )
At 31 December 2023 7,749 6,909 41,930 2,896 59,484
NET BOOK VALUE
At 31 December 2023 3,304 3,913 100,637 416 108,270
At 31 December 2022 4,570 4,892 14,929 - 24,391

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 99,599
At 31 December 2023 99,599
DEPRECIATION
Charge for year 24,900
At 31 December 2023 24,900
NET BOOK VALUE
At 31 December 2023 74,699

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 276,973 453,675
Directors' current accounts 140,441 103,211
Tax 30,745 55,128
VAT 11,426 152
459,585 612,166

RICHARD EVANS CARPENTRY LTD (REGISTERED NUMBER: 07393075)

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 10,000 10,000
Hire purchase contracts 5,175 -
Trade creditors 41,413 39,841
Tax 44,371 106,870
Social security and other taxes 50,919 47,631
Subcontractors 52,639 -
Credit card (16 ) (48 )
Accruals and deferred income 5,875 5,852
210,376 210,146

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
Hire purchase contracts 61,509 -
75,676 24,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 916,420
Profit for the year 117,580
Dividends (131,579 )
At 31 December 2023 902,421

RICHARD EVANS CARPENTRY LTD (REGISTERED NUMBER: 07393075)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
R J Evans
Balance outstanding at start of year 103,211 106,100
Amounts advanced 220,266 131,948
Amounts repaid (183,036 ) (134,837 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,441 103,211

Final dividends of £131,579 were paid during this financial year.