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Registered number: 11399609
Evergreen Renewable Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
AP Accounting Solutions Limited
The Mill House
Erw Hir
Llantrisant
Pontyclun
CF72 8BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11399609
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,057 13,144
18,057 13,144
CURRENT ASSETS
Stocks 5 623 32,103
Debtors 6 11,529 1,242
Cash at bank and in hand 10,981 3,219
23,133 36,564
Creditors: Amounts Falling Due Within One Year 7 (30,358 ) (38,537 )
NET CURRENT ASSETS (LIABILITIES) (7,225 ) (1,973 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,832 11,171
Creditors: Amounts Falling Due After More Than One Year 8 (8,117 ) (9,967 )
NET ASSETS 2,715 1,204
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 2,714 1,203
SHAREHOLDERS' FUNDS 2,715 1,204
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Craig Davies
Director
01/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Evergreen Renewable Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11399609 . The registered office is Ton Phillip Farm, Ffordd-y-Gyfraith, Cefn Cribwr, Bridgend, CF32 0BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 15,462 3,500 - 18,962
Additions 8,296 - 242 8,538
As at 31 October 2024 23,758 3,500 242 27,500
Depreciation
As at 1 November 2023 2,319 3,499 - 5,818
Provided during the period 3,564 - 61 3,625
As at 31 October 2024 5,883 3,499 61 9,443
Net Book Value
As at 31 October 2024 17,875 1 181 18,057
As at 1 November 2023 13,143 1 - 13,144
5. Stocks
2024 2023
£ £
Materials 623 1,276
Work in progress - 30,827
623 32,103
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,920 -
VAT 3,609 792
Other taxes and social security - 450
11,529 1,242
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,760 674
Bank loans and overdrafts 1,921 1,921
Corporation tax 2,075 4,802
Other taxes and social security 3,601 -
Other creditors (2) - 31,140
Director's loan account 1 -
30,358 38,537
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,117 9,967
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Craig Davies - 51,486 (51,487 ) - (1 )
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Craig Davies 10,762 21,715
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 10,762 21,715
Page 5