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REGISTERED NUMBER: 05368072 (England and Wales)















Unaudited Financial Statements for the Year Ended 17 February 2024

for

Evertrust Limited

Evertrust Limited (Registered number: 05368072)






Contents of the Financial Statements
for the Year Ended 17 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Evertrust Limited

Company Information
for the Year Ended 17 February 2024







DIRECTOR: Mr Y Liu





SECRETARY: Mrs J Yang





REGISTERED OFFICE: Unit 211 Kingspark Business Centre
152-178 Kingston Road
New Malden
Surrey
KT3 3ST





REGISTERED NUMBER: 05368072 (England and Wales)





ACCOUNTANTS: Pertax Accountancy Ltd
Quatro House
Frimley Road
Camberley
GU16 7ER

Evertrust Limited (Registered number: 05368072)

Balance Sheet
17 February 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,478 5,004
Investment property 5 706,094 706,094
711,572 711,098

CURRENT ASSETS
Stocks 87,350 79,600
Debtors 6 293,124 254,966
Cash at bank 571,232 314,766
951,706 649,332
CREDITORS
Amounts falling due within one year 7 (519,268 ) (193,640 )
NET CURRENT ASSETS 432,438 455,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,144,010

1,166,790

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,143,910 1,166,690
SHAREHOLDERS' FUNDS 1,144,010 1,166,790

Evertrust Limited (Registered number: 05368072)

Balance Sheet - continued
17 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 17 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 17 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.

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 director and authorised for issue on 15 November 2024 and were signed by:





Mr Y Liu - Director


Evertrust Limited (Registered number: 05368072)

Notes to the Financial Statements
for the Year Ended 17 February 2024

1. STATUTORY INFORMATION

Evertrust 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.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

-the company has transferred to the buyer the significant risks and rewards of ownership of the goods;
-the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
-the amount of revenue can be measured reliably;
-it is probable that the economic benefits associated with the transaction will flow to the company; and
-the costs incurred or to be incurred in respect of the transition can be measured reliably.

Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.

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 etc - 25% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Evertrust Limited (Registered number: 05368072)

Notes to the Financial Statements - continued
for the Year Ended 17 February 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 18 February 2023 14,778
Additions 3,988
Disposals (4,709 )
At 17 February 2024 14,057
DEPRECIATION
At 18 February 2023 9,774
Charge for year 3,514
Eliminated on disposal (4,709 )
At 17 February 2024 8,579
NET BOOK VALUE
At 17 February 2024 5,478
At 17 February 2023 5,004

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 18 February 2023
and 17 February 2024 706,094
NET BOOK VALUE
At 17 February 2024 706,094
At 17 February 2023 706,094

Evertrust Limited (Registered number: 05368072)

Notes to the Financial Statements - continued
for the Year Ended 17 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 260,058 154,316
Other debtors 33,066 100,650
293,124 254,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 470,311 146,963
Taxation and social security 30,515 27,736
Other creditors 18,442 18,941
519,268 193,640

8. RELATED PARTY DISCLOSURES

As of the reporting date, the following balances were due to or from Vitanics BV, a company registered in the Netherlands under common control:

Receivables: £202,013 (2023: £97,023)
Payables: £314,736 (2023: £nil)

These balances were interest free and were receivable or payable on demand.