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REGISTERED NUMBER: 01395020 (England and Wales)










EVAN REES (DYFED) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






EVAN REES (DYFED) LIMITED (REGISTERED NUMBER: 01395020)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

EVAN REES (DYFED) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Miss S M Bush
D Murphy



REGISTERED OFFICE: 8 Dowty Park
Thornton Road
Milford Haven
Pembrokeshire
SA73 2RS



REGISTERED NUMBER: 01395020 (England and Wales)



ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA



BANKERS: Barclays Bank plc
Customer Services
Business Banking
Leicester
LE87 2BB



SOLICITORS: Morgan Cole
Princess House
Swansea
SA1 5LW

EVAN REES (DYFED) LIMITED (REGISTERED NUMBER: 01395020)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,842 50,449
41,842 50,449

CURRENT ASSETS
Stocks 7,511 9,879
Debtors 6 120,399 110,221
Cash at bank 98,135 113,402
226,045 233,502
CREDITORS
Amounts falling due within one year 7 212,495 216,601
NET CURRENT ASSETS 13,550 16,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,392

67,350

CREDITORS
Amounts falling due after more than one year 8 (9,064 ) (19,064 )

PROVISIONS FOR LIABILITIES (10,711 ) (12,612 )
NET ASSETS 35,617 35,674

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 35,615 35,672
SHAREHOLDERS' FUNDS 35,617 35,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:



Miss S M Bush - Director


EVAN REES (DYFED) LIMITED (REGISTERED NUMBER: 01395020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Evan Rees (Dyfed) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.
Plant and Machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

EVAN REES (DYFED) LIMITED (REGISTERED NUMBER: 01395020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Presentational and functional currency
The presentational and functional currency is £ sterling.

Going Concern
The company continues to adopt the going concern basis in preparing its financial statements.

Hire purchase and leasing commitments
Operating lease costs are expensed to the profit and loss account in the period in which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 45,000
AMORTISATION
At 1 November 2023
and 31 October 2024 45,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

EVAN REES (DYFED) LIMITED (REGISTERED NUMBER: 01395020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 59,962 14,800 87,376 162,138
Additions - 309 12,990 13,299
Disposals - (5,662 ) (6,500 ) (12,162 )
At 31 October 2024 59,962 9,447 93,866 163,275
DEPRECIATION
At 1 November 2023 37,677 10,797 63,215 111,689
Charge for year 9,174 985 10,368 20,527
Eliminated on disposal - (4,283 ) (6,500 ) (10,783 )
At 31 October 2024 46,851 7,499 67,083 121,433
NET BOOK VALUE
At 31 October 2024 13,111 1,948 26,783 41,842
At 31 October 2023 22,285 4,003 24,161 50,449

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,635 40,174
Amounts owed by group undertakings 62,440 60,311
Other debtors 9,324 9,736
120,399 110,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 66,300 62,800
Taxation and social security 13,377 23,804
Other creditors 122,818 119,997
212,495 216,601

Included in other creditors is an amount of £100,218 (2023: £97,518) owed to the directors of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,064 19,064

9. RELATED PARTY DISCLOSURES

In addition Evan Rees (Dyfed) Limited is owed a balance of £60,440 (2023: 60,311) by the ultimate controlling party, S&D23 Limited.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr David Murphy and Miss Sarah Marie Bush via their 100% shareholding in S&D23 Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EVAN REES (DYFED) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Evan Rees (Dyfed) Limited for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Evan Rees (Dyfed) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Evan Rees (Dyfed) Limited and state those matters that we have agreed to state to the Board of Directors of Evan Rees (Dyfed) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evan Rees (Dyfed) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Evan Rees (Dyfed) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Evan Rees (Dyfed) Limited. You consider that Evan Rees (Dyfed) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Evan Rees (Dyfed) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


23 January 2025