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REGISTERED NUMBER: 06376992 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

EASTON BEVINS LIMITED

EASTON BEVINS LIMITED (REGISTERED NUMBER: 06376992)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASTON BEVINS LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M S Roach
M L Bull
M T Durkin
B M O'Brien
R J Sherwood





SECRETARY: M S Roach





REGISTERED OFFICE: Unit 26
Osprey Court
Hawkfield Way
Whitchurch
Bristol
BS14 0BB





REGISTERED NUMBER: 06376992 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

EASTON BEVINS LIMITED (REGISTERED NUMBER: 06376992)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 26,250 -
Tangible assets 5 29,812 14,316
Investments 6 31 31
56,093 14,347

CURRENT ASSETS
Debtors 7 1,242,012 972,261
Cash at bank 201,645 625,807
1,443,657 1,598,068
CREDITORS
Amounts falling due within one year 8 (308,403 ) (279,658 )
NET CURRENT ASSETS 1,135,254 1,318,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,191,347

1,332,757

PROVISIONS FOR LIABILITIES (9,602 ) (2,150 )
NET ASSETS 1,181,745 1,330,607

CAPITAL AND RESERVES
Called up share capital 9 1 200,001
Retained earnings 1,181,744 1,130,606
1,181,745 1,330,607

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

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

EASTON BEVINS LIMITED (REGISTERED NUMBER: 06376992)

Balance Sheet - continued
30 JUNE 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 17 December 2024 and were signed on its behalf by:




M L Bull - Director



M S Roach - Director


EASTON BEVINS LIMITED (REGISTERED NUMBER: 06376992)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. COMPANY INFORMATION

Easton Bevins 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 company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents net invoice sales of services, to the extent that there is a right to consideration and is recorded at the value of the consideration due, excluding value added tax. Income is also recognised on partial completion of services in progress at the year end date.

Goodwill
Goodwill being the amount paid in connection with the acquisition of businesses in 2012 and 2016, are being amortised evenly over their estimated useful lives of ten and five years, respectively.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated deprecation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Software 10% on cost
Plant and machinery- 15% on reducing balance
Office equipment and fixtures- 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

EASTON BEVINS LIMITED (REGISTERED NUMBER: 06376992)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

EASTON BEVINS LIMITED (REGISTERED NUMBER: 06376992)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 26,250
At 30 June 2024 26,250
NET BOOK VALUE
At 30 June 2024 26,250

5. TANGIBLE FIXED ASSETS
Office
equipment
Plant and and Motor Computer
machinery fixtures vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 383 4,999 9,100 50,619 65,101
Additions - - - 30,542 30,542
Disposals - - (9,100 ) (38,715 ) (47,815 )
At 30 June 2024 383 4,999 - 42,446 47,828
DEPRECIATION
At 1 July 2023 183 1,809 6,941 41,852 50,785
Charge for year 30 638 494 12,118 13,280
Eliminated on disposal - - (7,435 ) (38,614 ) (46,049 )
At 30 June 2024 213 2,447 - 15,356 18,016
NET BOOK VALUE
At 30 June 2024 170 2,552 - 27,090 29,812
At 30 June 2023 200 3,190 2,159 8,767 14,316

EASTON BEVINS LIMITED (REGISTERED NUMBER: 06376992)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1 30 31
NET BOOK VALUE
At 30 June 2024 1 30 31
At 30 June 2023 1 30 31

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 492,209 434,901
Amounts owed by group undertakings 342,212 52,979
Other debtors 67,711 2,366
Shareholders loan account 69,143 258,040
Prepayments and accrued income 270,737 223,975
1,242,012 972,261

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 68,031 71,963
Corporation tax 14,674 27,824
Social security and other taxes 41,455 30,966
VAT 150,853 81,871
Other creditors 5,026 2,852
Accrued expenses 28,364 64,182
308,403 279,658

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2024 2023

100 Ordinary £0.01 1 1
200,000 Redeemable preference £1 0 200,000
1 200,001

On 2 August 2023, preference shares with a value of £200,000 were repurchased from the shareholder, by the company.

EASTON BEVINS LIMITED (REGISTERED NUMBER: 06376992)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. FINANCIAL COMMITMENTS

At 30 June 2024, the total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £139,246 (2023: £18,012).

11. RELATED PARTY DISCLOSURES

At 30 June 2024, the company was owed £342,212 (2023 - £52,979) by its subsidiary company, Cladding Project Management Limited.