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REGISTERED NUMBER: 05718025 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

EVANS AUTOBODY LIMITED

EVANS AUTOBODY LIMITED (REGISTERED NUMBER: 05718025)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


EVANS AUTOBODY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr L Evans



REGISTERED OFFICE:
Moor Lane
Flookburgh
Grange-Over-Sands
Cumbria
LA11 7LS



REGISTERED NUMBER: 05718025 (England and Wales)



BANKERS: Lloyds Bank plc
121-135 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1HZ

EVANS AUTOBODY LIMITED (REGISTERED NUMBER: 05718025)

ABRIDGED BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 145,400 73,709
145,400 73,709

CURRENT ASSETS
Stocks 26,850 22,000
Debtors 63,330 73,448
Cash at bank and in hand 519,686 265,203
609,866 360,651
CREDITORS
Amounts falling due within one year 249,877 184,736
NET CURRENT ASSETS 359,989 175,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,389

249,624

CREDITORS
Amounts falling due after more than one
year

30,065

18,214
NET ASSETS 475,324 231,410

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 475,224 231,310
SHAREHOLDERS' FUNDS 475,324 231,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

EVANS AUTOBODY LIMITED (REGISTERED NUMBER: 05718025)

ABRIDGED BALANCE SHEET - continued
29 FEBRUARY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 21 May 2024 and were signed by:





Mr L Evans - Director


EVANS AUTOBODY LIMITED (REGISTERED NUMBER: 05718025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Evans Autobody 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.

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

Turnover represents net invoiced sales of services, excluding VAT.

Goodwill
The goodwill acquired in 2011 was fully amortised in prior periods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on cost and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

EVANS AUTOBODY LIMITED (REGISTERED NUMBER: 05718025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 5,000
AMORTISATION
At 1 March 2023
and 29 February 2024 5,000
NET BOOK VALUE

At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 231,731
Additions 94,111
At 29 February 2024 325,842
DEPRECIATION
At 1 March 2023 158,022
Charge for year 22,420
At 29 February 2024 180,442
NET BOOK VALUE
At 29 February 2024 145,400
At 28 February 2023 73,709

The net book value of tangible fixed assets includes £ 36,340 ( 2023 : £14,192 ) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £9,567 (2023: £4,730) for the financial year.

EVANS AUTOBODY LIMITED (REGISTERED NUMBER: 05718025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 7,901 6,115
Between one and five years 21,644 4,892
29,545 11,007

Non-cancellable operating leases
29.2.24 28.2.23
£    £   
Within one year 2,366 3,721
Between one and five years 1,184 3,550
3,550 7,271

7. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 29,545 11,007

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L Evans.