Registered number
06783736
Evansis Limited
Filleted Accounts
31 January 2024
Evansis Limited
Registered number: 06783736
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,123,746 10,131,577
Investments 4 14,750 14,750
12,138,496 10,146,327
Current assets
Debtors 5 1,153,978 613,708
Investments held as current assets 6 25,000 25,000
Cash at bank and in hand 342,535 504,594
1,521,513 1,143,302
Creditors: amounts falling due within one year 7 (5,237,500) (4,739,219)
Net current liabilities (3,715,987) (3,595,917)
Total assets less current liabilities 8,422,509 6,550,410
Creditors: amounts falling due after more than one year 8 (2,976,484) (2,958,345)
Provisions for liabilities (1,157,083) (603,590)
Net assets 4,288,942 2,988,475
Capital and reserves
Called up share capital 100 1
Profit and loss account 4,288,842 2,988,474
Shareholders' funds 4,288,942 2,988,475
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Timothy Gray
Director
Approved by the board on 30 October 2024
Evansis Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0% on straight line
Plant and machinery 10% on reducing balance
Motor vehicles 25% on reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 96,002 12,977,182 551,803 13,624,987
Additions - 3,342,860 271,508 3,614,368
Disposals - (101,123) (288,746) (389,869)
At 31 January 2024 96,002 16,218,919 534,565 16,849,486
Depreciation
At 1 February 2023 - 3,259,332 234,078 3,493,410
Charge for the year - 1,299,327 111,266 1,410,593
On disposals - (33,691) (144,572) (178,263)
At 31 January 2024 - 4,524,968 200,772 4,725,740
Net book value
At 31 January 2024 96,002 11,693,951 333,793 12,123,746
At 31 January 2023 96,002 9,717,850 317,725 10,131,577
4 Investments
Other
investments
£
Cost
At 1 February 2023 14,750
At 31 January 2024 14,750
5 Debtors 2024 2023
£ £
Trade debtors 280,878 (33,323)
Other debtors 873,100 647,031
1,153,978 613,708
6 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 25,000 25,000
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,966,594 1,545,476
Trade creditors 1,656,281 1,898,747
Taxation and social security costs 516,236 343,341
Other creditors 1,098,389 951,655
5,237,500 4,739,219
8 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,905,345 2,659,345
Other creditors 71,139 299,000
2,976,484 2,958,345
9 Other information
Evansis Limited is a private company limited by shares and incorporated in England. Its registered office is:
12a Montpellier Parade
Harrogate
North Yorkshire
HG1 2TJ
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