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REGISTERED NUMBER: NI602908 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

EVERUN LIMITED

EVERUN LIMITED (REGISTERED NUMBER: NI602908)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


EVERUN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J K Barr
C McClean
M F Thompson





REGISTERED OFFICE: 37 Dargan Road
Fortwilliam Business park
Belfast
BT3 9LZ





REGISTERED NUMBER: NI602908 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

EVERUN LIMITED (REGISTERED NUMBER: NI602908)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 447,513 352,438
Investments 5 951,032 866,257
1,398,545 1,218,695

CURRENT ASSETS
Stocks 6 1,762,468 2,355,155
Debtors 7 2,494,678 2,129,212
Cash at bank and in hand 4,144,469 3,174,555
8,401,615 7,658,922
CREDITORS
Amounts falling due within one year 8 2,713,466 1,832,159
NET CURRENT ASSETS 5,688,149 5,826,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,086,694

7,045,458

CREDITORS
Amounts falling due after more than one
year

9

(144,875

)

(36,664

)

PROVISIONS FOR LIABILITIES (35,988 ) (71,522 )
NET ASSETS 6,905,831 6,937,272

CAPITAL AND RESERVES
Called up share capital 120 120
Capital redemption reserve 5 5
Retained earnings 6,905,706 6,937,147
6,905,831 6,937,272

EVERUN LIMITED (REGISTERED NUMBER: NI602908)

BALANCE SHEET - continued
30 APRIL 2024


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.

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 30 January 2025 and were signed on its behalf by:





M F Thompson - Director


EVERUN LIMITED (REGISTERED NUMBER: NI602908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Everun Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements in:

The determination of whether there are indicators of impairment of the company's tangible assets and investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and business in general.

The consideration of the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The need for impairment provisions against items held in work in progress. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The directors also consider the depreciation rates and useful lives on an annual basis to ensure there is sufficient evidence to support these and that the estimates remain reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

Cost is calculated using the first in first out method and includes all purchase, transport and handling costs in bringing the work in progress to its present location and condition.

EVERUN LIMITED (REGISTERED NUMBER: NI602908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

EVERUN LIMITED (REGISTERED NUMBER: NI602908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 799,877
Additions 281,348
Disposals (73,668 )
At 30 April 2024 1,007,557
DEPRECIATION
At 1 May 2023 447,439
Charge for year 163,397
Eliminated on disposal (50,792 )
At 30 April 2024 560,044
NET BOOK VALUE
At 30 April 2024 447,513
At 30 April 2023 352,438

EVERUN LIMITED (REGISTERED NUMBER: NI602908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. 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 120,968
Additions 193,295
Disposals (22,600 )
Transfer to ownership (75,743 )
At 30 April 2024 215,920
DEPRECIATION
At 1 May 2023 103,092
Charge for year 37,501
Eliminated on disposal (21,191 )
Transfer to ownership (75,743 )
At 30 April 2024 43,659
NET BOOK VALUE
At 30 April 2024 172,261
At 30 April 2023 17,876

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 866,257
Additions 84,775
At 30 April 2024 951,032
NET BOOK VALUE
At 30 April 2024 951,032
At 30 April 2023 866,257

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 1,762,468 2,355,155

EVERUN LIMITED (REGISTERED NUMBER: NI602908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 730,630 770,619
Amounts owed by group undertakings 1,318,286 340,945
Other debtors 445,762 1,017,648
2,494,678 2,129,212

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 50,087 37,007
Trade creditors 509,394 860,798
Amounts owed to group undertakings 1,362,822 -
Social security and other taxes 53,504 48,905
VAT 118,302 140,475
Other creditors 186,338 184,869
Accruals and deferred income 433,019 560,105
2,713,466 1,832,159

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 144,875 36,664

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 194,962 73,671

Hire purchase agreements are secured on the asset to which they relate.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C McClean and Mr J Barr.