EVASTORE LIMITED
Company registration number 04919594 (England and Wales)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
EVASTORE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
EVASTORE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
14,626
-
0
Tangible assets
4
323,883
316,837
Investments
5
1
1
338,510
316,838
Current assets
Stocks
20,035
20,001
Debtors
6
293,005
173,136
Cash at bank and in hand
20,759
152,641
333,799
345,778
Creditors: amounts falling due within one year
7
(230,524)
(181,617)
Net current assets
103,275
164,161
Total assets less current liabilities
441,785
480,999
Creditors: amounts falling due after more than one year
8
(34,347)
(60,499)
Provisions for liabilities
(80,186)
(79,209)
Net assets
327,252
341,291
Capital and reserves
Called up share capital
9
75
75
Capital redemption reserve
25
25
Profit and loss reserves
327,152
341,191
Total equity
327,252
341,291
EVASTORE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 October 2024 and are signed on its behalf by:
Mr P J Evans
Director
Company registration number 04919594 (England and Wales)
EVASTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Evastore Limited is a private company limited by shares incorporated in England and Wales. The registered office is Eva2 Artillery Business Park, Park Hall, Oswestry, Shropshire, SY11 4AD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Digital Strategy
33% Straight Line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
25% straight line
Plant and equipment
Depreciated over the useful life of the asset
Fixtures and fittings
Depreciated over the useful life of the asset
Motor vehicles
Depreciated over the useful life of the asset

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

EVASTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

EVASTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.15
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.16
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

EVASTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
13
11
3
Intangible fixed assets
Digital Strategy
£
Cost
At 1 April 2023
-
0
Additions
21,939
At 31 March 2024
21,939
Amortisation and impairment
At 1 April 2023
-
0
Amortisation charged for the year
7,313
At 31 March 2024
7,313
Carrying amount
At 31 March 2024
14,626
At 31 March 2023
-
0
EVASTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2023
3,179
696,084
699,263
Additions
-
0
95,979
95,979
Disposals
-
0
(69,988)
(69,988)
At 31 March 2024
3,179
722,075
725,254
Depreciation and impairment
At 1 April 2023
3,179
379,247
382,426
Depreciation charged in the year
-
0
86,638
86,638
Eliminated in respect of disposals
-
0
(67,693)
(67,693)
At 31 March 2024
3,179
398,192
401,371
Carrying amount
At 31 March 2024
-
0
323,883
323,883
At 31 March 2023
-
0
316,837
316,837
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1
1
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
211,788
160,254
Other debtors
81,217
12,882
293,005
173,136
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
52,999
85,759
Taxation and social security
40,787
43,854
Other creditors
136,738
52,004
230,524
181,617
EVASTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7
Creditors: amounts falling due within one year
(Continued)
- 8 -

The hire purchase liabilities are secured on the assets to which they relate.

8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
34,347
60,499

The hire purchase liabilities are secured on the assets to which they relate.

9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
25
25
25
25
Ordinary C Shares of £1 each
25
25
25
25
Ordinary D Shares of £1 each
25
25
25
25
75
75
75
75

Each class of Share shall have full voting and capital distribution rights; they shall have the right to a dividend as declared from time to time for the class of Share but so that all classes of Ordinary Shares shall not rank pari passu for dividend entitlement purposes. Each class of Share is not redeemable.

10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
438,445
97,440
11
Related party transactions

At the end of the year included in other creditors falling due within one year is an interest bearing loan from a related party of £65,000 (2023 - £Nil).

12
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Director's Loan Account
2.25
-
23,281
23,281
-
23,281
23,281
2024-03-312023-04-01false22 October 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr P J EvansMrs E E EvansMrs A J EvansMr B W Swinsteadfalsefalse049195942023-04-012024-03-31049195942024-03-31049195942023-03-3104919594core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-03-3104919594core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-03-3104919594core:LandBuildings2024-03-3104919594core:OtherPropertyPlantEquipment2024-03-3104919594core:LandBuildings2023-03-3104919594core:OtherPropertyPlantEquipment2023-03-3104919594core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3104919594core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3104919594core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3104919594core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3104919594core:CurrentFinancialInstruments2024-03-3104919594core:CurrentFinancialInstruments2023-03-3104919594core:ShareCapital2024-03-3104919594core:ShareCapital2023-03-3104919594core:CapitalRedemptionReserve2024-03-3104919594core:CapitalRedemptionReserve2023-03-3104919594core:RetainedEarningsAccumulatedLosses2024-03-3104919594core:RetainedEarningsAccumulatedLosses2023-03-3104919594core:ShareCapitalOrdinaryShares2024-03-3104919594core:ShareCapitalOrdinaryShares2023-03-3104919594bus:Director12023-04-012024-03-3104919594core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104919594core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104919594core:LandBuildingscore:LongLeaseholdAssets2023-04-012024-03-3104919594core:PlantMachinery2023-04-012024-03-3104919594core:FurnitureFittings2023-04-012024-03-3104919594core:MotorVehicles2023-04-012024-03-31049195942022-04-012023-03-3104919594core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-03-3104919594core:LandBuildings2023-03-3104919594core:OtherPropertyPlantEquipment2023-03-31049195942023-03-3104919594core:LandBuildings2023-04-012024-03-3104919594core:OtherPropertyPlantEquipment2023-04-012024-03-3104919594core:WithinOneYear2024-03-3104919594core:WithinOneYear2023-03-3104919594core:Non-currentFinancialInstruments2024-03-3104919594core:Non-currentFinancialInstruments2023-03-3104919594bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104919594bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104919594bus:FRS1022023-04-012024-03-3104919594bus:AuditExemptWithAccountantsReport2023-04-012024-03-3104919594bus:Director22023-04-012024-03-3104919594bus:Director32023-04-012024-03-3104919594bus:CompanySecretary12023-04-012024-03-3104919594bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP