Registered number
06212863
PC Evans Limited
Report and Accounts
30 April 2024
PC Evans Limited
Registered number: 06212863
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 69,819 45,615
Current assets
Debtors 5 1,287,949 410,140
Cash at bank and in hand 342,023 1,288,337
1,629,972 1,698,477
Creditors: amounts falling due within one year 6 (156,712) (310,823)
Net current assets 1,473,260 1,387,654
Total assets less current liabilities 1,543,079 1,433,269
Creditors: amounts falling due after more than one year 7 (43,906) (32,319)
Provisions for liabilities (13,168) (9,303)
Net assets 1,486,005 1,391,647
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,485,905 1,391,547
Shareholders' funds 1,486,005 1,391,647
The director is 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 director acknowledges his 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.
P Evans
Director
Approved by the board on 30 August 2024
PC Evans Limited
Notes to the Accounts
for the year ended 30 April 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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 5,000
At 30 April 2024 5,000
Amortisation
At 1 May 2023 5,000
At 30 April 2024 5,000
Net book value
At 30 April 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 18,261 98,877 117,138
Additions - 47,160 47,160
At 30 April 2024 18,261 146,037 164,298
Depreciation
At 1 May 2023 13,158 58,365 71,523
Charge for the year 1,038 21,918 22,956
At 30 April 2024 14,196 80,283 94,479
Net book value
At 30 April 2024 4,065 65,754 69,819
At 30 April 2023 5,103 40,512 45,615
5 Debtors 2024 2023
£ £
Trade debtors 287,653 406,581
Prepayments 4,173 3,559
Other debtors 996,123 -
1,287,949 410,140
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,245
Obligations under finance lease and hire purchase contracts 7,800 15,520
Trade creditors 88,620 130,003
Corporation tax 45,547 94,689
Other taxes and social security costs 963 55,882
Accruals 3,782 4,106
Other creditors - 378
156,712 310,823
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,500 22,500
Obligations under finance lease and hire purchase contracts 31,406 9,819
43,906 32,319
8 Other information
PC Evans Limited is a private company limited by shares and incorporated in England. Its registered office is:
136a Norton Lane
Tidbury Green
SOLIHULL
B90 1QT
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