REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 17 February 2024 |
for |
Evertrust Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Evertrust Limited (Registered number: 05368072) |
Balance Sheet - continued |
17 February 2024 |
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. |
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 |
Evertrust Limited (Registered number: 05368072) |
Notes to the Financial Statements |
for the Year Ended 17 February 2024 |
1. | STATUTORY INFORMATION |
Evertrust Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 18 February 2023 |
Additions |
Disposals | ( |
) |
At 17 February 2024 |
DEPRECIATION |
At 18 February 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 17 February 2024 |
NET BOOK VALUE |
At 17 February 2024 |
At 17 February 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 18 February 2023 |
and 17 February 2024 |
NET BOOK VALUE |
At 17 February 2024 |
At 17 February 2023 |
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 |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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. |