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REGISTERED NUMBER: 11954912 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Evans Appliances Limited

Evans Appliances Limited (Registered number: 11954912)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Evans Appliances Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M M Evans
A F Evans





REGISTERED OFFICE: Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ





REGISTERED NUMBER: 11954912 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

Evans Appliances Limited (Registered number: 11954912)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,350 12,075
Tangible assets 5 30,504 19,176
Investments 6 4,747 4,747
45,601 35,998

CURRENT ASSETS
Stocks - 106,702
Debtors 7 190,622 32,469
Cash at bank and in hand 20,654 53,115
211,276 192,286
CREDITORS
Amounts falling due within one year 8 208,623 190,308
NET CURRENT ASSETS 2,653 1,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,254

37,976

CREDITORS
Amounts falling due after more than one
year

9

19,497

19,497
NET ASSETS 28,757 18,479

RESERVES
Retained earnings 28,757 18,479
SHAREHOLDERS' FUNDS 28,757 18,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Evans Appliances Limited (Registered number: 11954912)

Balance Sheet - continued
30 April 2024


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 27 January 2025 and were signed on its behalf by:




M M Evans - Director



A F Evans - Director


Evans Appliances Limited (Registered number: 11954912)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Evans Appliances 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the provision of goods to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have been transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Evans Appliances Limited (Registered number: 11954912)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 17,250
AMORTISATION
At 1 May 2023 5,175
Charge for year 1,725
At 30 April 2024 6,900
NET BOOK VALUE
At 30 April 2024 10,350
At 30 April 2023 12,075

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 38,426
Additions 21,500
At 30 April 2024 59,926
DEPRECIATION
At 1 May 2023 19,250
Charge for year 10,172
At 30 April 2024 29,422
NET BOOK VALUE
At 30 April 2024 30,504
At 30 April 2023 19,176

Evans Appliances Limited (Registered number: 11954912)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 26,800
DEPRECIATION
At 1 May 2023
and 30 April 2024 8,674
NET BOOK VALUE
At 30 April 2024 18,126
At 30 April 2023 18,126

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 4,747
NET BOOK VALUE
At 30 April 2024 4,747
At 30 April 2023 4,747

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,366 20,033
Other debtors 75,256 12,436
190,622 32,469

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 21,600 11,176
Trade creditors 106,124 67,764
Taxation and social security 84,910 72,150
Other creditors (4,011 ) 39,218
208,623 190,308

Evans Appliances Limited (Registered number: 11954912)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 19,497 19,497

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 21,600 11,176

Non-cancellable operating leases
2024 2023
£    £   
Within one year 10,500 10,500
Between one and five years - 10,500
10,500 21,000

11. SECURED DEBTS

The hire purchase contracts are secured against the assets concerned.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who are the shareholders.