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REGISTERED NUMBER: 09298474 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Evans Bros (Llanybydder) Limited

Evans Bros (Llanybydder) Limited (Registered number: 09298474)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Evans Bros (Llanybydder) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M R Evans
E J C Evans





REGISTERED OFFICE: The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN





REGISTERED NUMBER: 09298474 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Evans Bros (Llanybydder) Limited (Registered number: 09298474)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,503 67,367

CURRENT ASSETS
Debtors 5 955,813 785,016
Cash at bank 569,323 696,744
1,525,136 1,481,760
CREDITORS
Amounts falling due within one year 6 656,207 630,136
NET CURRENT ASSETS 868,929 851,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

967,432

918,991

CREDITORS
Amounts falling due after more than one
year

7

(193,553

)

(193,553

)

PROVISIONS FOR LIABILITIES (8,586 ) (4,901 )
NET ASSETS 765,293 720,537

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 765,292 720,536
SHAREHOLDERS' FUNDS 765,293 720,537

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Evans Bros (Llanybydder) Limited (Registered number: 09298474)

Balance Sheet - continued
31 January 2024


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 24 October 2024 and were signed on its behalf by:




E J C Evans - Director



M R Evans - Director


Evans Bros (Llanybydder) Limited (Registered number: 09298474)

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

1. STATUTORY INFORMATION

Evans Bros (Llanybydder) 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 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

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 - 8 ) .

Evans Bros (Llanybydder) Limited (Registered number: 09298474)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 32,000 31,655 2,177
Additions - 22,965 -
At 31 January 2024 32,000 54,620 2,177
DEPRECIATION
At 1 February 2023 - 18,685 1,584
Charge for year - 4,667 89
At 31 January 2024 - 23,352 1,673
NET BOOK VALUE
At 31 January 2024 32,000 31,268 504
At 31 January 2023 32,000 12,970 593

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 17,000 12,717 95,549
Additions 15,180 1,021 39,166
At 31 January 2024 32,180 13,738 134,715
DEPRECIATION
At 1 February 2023 4,718 3,195 28,182
Charge for year 1,842 1,432 8,030
At 31 January 2024 6,560 4,627 36,212
NET BOOK VALUE
At 31 January 2024 25,620 9,111 98,503
At 31 January 2023 12,282 9,522 67,367

5. DEBTORS
31.1.24 31.1.23
£    £   
Amounts falling due within one year:
Trade debtors 941,253 717,368
Other debtors 7,644 12,858
VAT - 47,874
948,897 778,100

Evans Bros (Llanybydder) Limited (Registered number: 09298474)

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

5. DEBTORS - continued
31.1.24 31.1.23
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 6,916 6,916

Aggregate amounts 955,813 785,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 445,806 352,963
Trade creditors 2,358 4,479
Tax 15,378 27,458
Social security and other taxes 694 4,165
VAT 43,457 -
Client account 17,745 88,473
Directors' current accounts 125,096 146,827
Accrued expenses 5,673 5,771
656,207 630,136

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Amounts owed to group undertakings 193,553 193,553

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 A Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 February 2023 720,536
Profit for the year 63,956
Dividends (19,200 )
At 31 January 2024 765,292

Evans Bros (Llanybydder) Limited (Registered number: 09298474)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
E J C Evans and M R Evans
Balance outstanding at start of year (141,685 ) (195,752 )
Amounts advanced 19,500 57,067
Amounts repaid (2,910 ) (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (125,095 ) (141,685 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Evans Bros Auctioneers and EstateAgents Limited.