REGISTERED NUMBER: |
G.D. Evans Holdings Limited |
Financial Statements for the Year Ended 31st July 2024 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
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 |
Investment property | 5 |
Current assets |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 11 |
Fair value reserve | 12 |
Retained earnings |
Shareholders' funds |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
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 |
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 |
Additions |
Disposals | ( |
) |
At 31st July 2024 |
Depreciation |
At 1st August 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st July 2024 |
Net book value |
At 31st July 2024 |
At 31st July 2023 |
5. | Investment property |
Total |
£ |
Fair value |
At 1st August 2023 |
and 31st July 2024 |
Net book value |
At 31st July 2024 |
At 31st July 2023 |
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 |
Land |
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 |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 31,560 | 38,685 |
Other creditors |
Accrued expenses |
9. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans - more than 5 years |
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 |
Hire purchase contracts | 448 | 4,073 |
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: | £ | £ |
Ordinary | £1 | 10,000 | 10,000 |
12. | Reserves |
Fair |
value |
reserve |
£ |
At 1st August 2023 |
and 31st July 2024 |
13. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |