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REGISTERED NUMBER: 01562769 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

D. & K. Evans Limited

D. & K. Evans Limited (Registered number: 01562769)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


D. & K. Evans Limited (Registered number: 01562769)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,539 27,431

CURRENT ASSETS
Stocks 49,853 74,701
Debtors 5 42,759 127,792
Cash at bank 26,526 313
119,138 202,806
CREDITORS
Amounts falling due within one year 6 94,218 171,962
NET CURRENT ASSETS 24,920 30,844
TOTAL ASSETS LESS CURRENT LIABILITIES 46,459 58,275

CREDITORS
Amounts falling due after more than one year 7 (28,242 ) (38,623 )

PROVISIONS FOR LIABILITIES (6,859 ) (6,208 )
NET ASSETS 11,358 13,444

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,258 13,344
SHAREHOLDERS' FUNDS 11,358 13,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 Profit And Loss Account 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:





Mr K D Evans - Director


D. & K. Evans Limited (Registered number: 01562769)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

D. & K. Evans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01562769

Registered office: Falcon View Buildings
24 Sturgess Street
Stoke on Trent
Staffordshire
ST4 7QH

The presentation currency of the financial statements is the Pound Sterling (£).


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 sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied.

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.
Long leasehold - at varying rates on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 Profit And Loss Account, 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.

D. & K. Evans Limited (Registered number: 01562769)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 June 2023 41,088 4,401 12,883
Additions - 110 -
At 31 May 2024 41,088 4,511 12,883
DEPRECIATION
At 1 June 2023 41,088 4,050 11,883
Charge for year - 147 100
At 31 May 2024 41,088 4,197 11,983
NET BOOK VALUE
At 31 May 2024 - 314 900
At 31 May 2023 - 351 1,000

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 69,605 3,125 131,102
Additions - 1,150 1,260
At 31 May 2024 69,605 4,275 132,362
DEPRECIATION
At 1 June 2023 43,595 3,055 103,671
Charge for year 6,502 403 7,152
At 31 May 2024 50,097 3,458 110,823
NET BOOK VALUE
At 31 May 2024 19,508 817 21,539
At 31 May 2023 26,010 70 27,431

D. & K. Evans Limited (Registered number: 01562769)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 15,995
DEPRECIATION
At 1 June 2023 6,998
Charge for year 2,249
At 31 May 2024 9,247
NET BOOK VALUE
At 31 May 2024 6,748
At 31 May 2023 8,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,156 121,801
Other debtors 5,603 5,991
42,759 127,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 25,018
Hire purchase contracts 4,826 5,265
Trade creditors 37,265 108,981
Taxation and social security 29,122 11,308
Other creditors 17,449 21,390
94,218 171,962

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,242 33,797
Hire purchase contracts - 4,826
28,242 38,623

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,019 11,574

D. & K. Evans Limited (Registered number: 01562769)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,826 10,091

The obligations under hire purchase are secured against the asset to which they relate.