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REGISTERED NUMBER: 01216483 (England and Wales)















G.D. Evans Holdings Limited

Financial Statements for the Year Ended 31st July 2024






G.D. Evans Holdings Limited (Registered number: 01216483)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G.D. Evans Holdings Limited

Company Information
for the Year Ended 31st July 2024







Directors: W D I Evans
P A Evans
L Evans
G W Evans





Registered office: 11 East Side
Cambrian Industrial Estate
PONTYCLUN
Rhondda Cynon Taf
CF72 9EW





Registered number: 01216483 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

G.D. Evans Holdings Limited (Registered number: 01216483)

Balance Sheet
31st July 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 594,004 685,704
Investment property 5 4,300,000 4,300,000
4,894,004 4,985,704

Current assets
Stocks 6 679,035 555,608
Debtors 7 41,354 139,188
Cash at bank 413,490 375,052
1,133,879 1,069,848
Creditors
Amounts falling due within one year 8 (445,533 ) (440,641 )
Net current assets 688,346 629,207
Total assets less current liabilities 5,582,350 5,614,911

Creditors
Amounts falling due after more than one year 9 (1,187,118 ) (1,289,971 )

Provisions for liabilities (994,212 ) (986,833 )
Net assets 3,401,020 3,338,107

Capital and reserves
Called up share capital 11 10,000 10,000
Fair value reserve 12 2,545,121 2,545,121
Retained earnings 845,899 782,986
Shareholders' funds 3,401,020 3,338,107

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 Board of Directors and authorised for issue on 22nd January 2025 and were signed on its behalf by:





G W Evans - Director


G.D. Evans Holdings Limited (Registered number: 01216483)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. Statutory information

G.D. Evans Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the hire of commercial vehicles and rental of properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% - 20% on reducing balance

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.

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.

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.

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 9 (2023 - 8 ) .

G.D. Evans Holdings Limited (Registered number: 01216483)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1st August 2023 1,386,445
Additions 40,670
Disposals (271,463 )
At 31st July 2024 1,155,652
Depreciation
At 1st August 2023 700,739
Charge for year 115,089
Eliminated on disposal (254,180 )
At 31st July 2024 561,648
Net book value
At 31st July 2024 594,004
At 31st July 2023 685,706


5. Investment property
Total
£   
Fair value
At 1st August 2023
and 31st July 2024 4,300,000
Net book value
At 31st July 2024 4,300,000
At 31st July 2023 4,300,000

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2017 3,189,038
Cost 1,110,962
4,300,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,110,962 1,110,962

Investment property was valued on an open market basis on 21st September 2016 by Chris Clarke Surveyors Limited .

The directors have reviewed the valuation of the Investment Property based on their knowledge of the local property market,area and sector. There is no change to the fair value of the Investment property as at 31 July 2024.

G.D. Evans Holdings Limited (Registered number: 01216483)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

6. Stocks
2024 2023
£    £   
Stocks - 3,650
Land 679,035 551,958
679,035 555,608

During the year, the directors sold land to the company at a total cost of £112,500.

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 41,354 139,188

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 199,757 197,568
Hire purchase contracts 448 4,073
Trade creditors 6,278 17,012
Amounts owed to group undertakings 9,493 9,493
Tax 52,816 -
Social security and other taxes 12,856 25,307
VAT 31,560 38,685
Other creditors 63,600 59,400
Accrued expenses 68,725 89,103
445,533 440,641

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 199,757 197,568
Bank loans - 2-5 years 320,885 514,287
Bank loans - more than 5 years 666,476 578,116
1,187,118 1,289,971

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years 666,476 578,116

G.D. Evans Holdings Limited (Registered number: 01216483)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,386,875 1,487,539
Hire purchase contracts 448 4,073
1,387,323 1,491,612

The bank loan is secured by way of:
a.) 1st legal charge over Garth Villa, Coedcae Lane, Pontyclun;
b.) 1st legal charge over Land to West side of Coedcae Lane, Pontyclun;
c.) debenture covering all assets of the company; and
d.) 1st legal charge land and buildings to the East side of Coedcae Lane, Pontyclun, Llantrisant.

Hire purchase creditors are secured against the assets to which they relate.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

12. Reserves
Fair
value
reserve
£   
At 1st August 2023
and 31st July 2024 2,545,121

13. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

14. Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £4,832 (2023: £5,686).

15. Ultimate controlling party

The controlling party is GD Evans Investments Limited.