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Registration number: 3706361

S Evans & Sons Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

S Evans & Sons Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Financial Statements

5 to 10

 

S Evans & Sons Limited

Company Information

Directors

Mr S Evans

Mr J S Sumner

Mrs S A Sumner

Mr P B Evans

Registered office

Demolition Contractors Site
Ditton Road
Widnes
WA8 0PJ

Accountants

HML Davies Limited
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

 

S Evans & Sons Limited

(Registration number: 3706361)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,491,257

3,500,918

Current assets

 

Stocks

5

1,672,160

1,787,500

Debtors

6

2,995,528

1,634,105

Investments

7

1,000,000

1,000,000

Cash at bank and in hand

 

6,372,527

6,789,769

 

12,040,215

11,211,374

Creditors: Amounts falling due within one year

8

(1,524,519)

(1,294,229)

Net current assets

 

10,515,696

9,917,145

Total assets less current liabilities

 

14,006,953

13,418,063

Provisions for liabilities

(468,758)

(244,330)

Net assets

 

13,538,195

13,173,733

Capital and reserves

 

Called up share capital

9

840

840

Capital redemption reserve

160

160

Retained earnings

13,537,195

13,172,733

Shareholders' funds

 

13,538,195

13,173,733

 

S Evans & Sons Limited

(Registration number: 3706361)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 February 2025 and signed on its behalf by:
 

.........................................
Mr S Evans
Director

.........................................
Mr J S Sumner
Director

.........................................
Mrs S A Sumner
Director

.........................................
Mr P B Evans
Director

 

S Evans & Sons Limited

Statement of Changes in Equity for the Year Ended 31 May 2024

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 June 2023

840

160

13,172,733

13,173,733

Profit for the year

-

-

364,462

364,462

At 31 May 2024

840

160

13,537,195

13,538,195

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 June 2022

840

160

12,838,962

12,839,962

Profit for the year

-

-

333,771

333,771

At 31 May 2023

840

160

13,172,733

13,173,733

 

S Evans & Sons Limited

Notes to the Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Demolition Contractors Site
Ditton Road
Widnes
WA8 0PJ

These financial statements were authorised for issue by the Board on 22 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

S Evans & Sons Limited

Notes to the Financial Statements for the Year Ended 31 May 2024

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold Property

over the remaining period of the lease

Plant and machinery

20% reducing balance

Fixtures and fittings

20% reducing balance

Motor vehicles

25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

S Evans & Sons Limited

Notes to the Financial Statements for the Year Ended 31 May 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

S Evans & Sons Limited

Notes to the Financial Statements for the Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2023 - 42).

4

Tangible assets

Land and buildings
£

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Cost or valuation

At 1 June 2023

326,613

177,679

50,373

6,784,107

Additions

-

-

-

480,245

Disposals

-

-

-

(378,265)

At 31 May 2024

326,613

177,679

50,373

6,886,087

Depreciation

At 1 June 2023

-

4,661

43,683

4,330,271

Charge for the year

-

194

1,338

550,504

Eliminated on disposal

-

-

-

(263,722)

At 31 May 2024

-

4,855

45,021

4,617,053

Carrying amount

At 31 May 2024

326,613

172,824

5,352

2,269,034

At 31 May 2023

326,613

173,018

6,690

2,453,836

 

S Evans & Sons Limited

Notes to the Financial Statements for the Year Ended 31 May 2024

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

1,446,306

8,785,078

Additions

459,422

939,667

Disposals

(283,729)

(661,994)

At 31 May 2024

1,621,999

9,062,751

Depreciation

At 1 June 2023

905,545

5,284,160

Charge for the year

134,431

686,467

Eliminated on disposal

(135,411)

(399,133)

At 31 May 2024

904,565

5,571,494

Carrying amount

At 31 May 2024

717,434

3,491,257

At 31 May 2023

540,761

3,500,918

 

S Evans & Sons Limited

Notes to the Financial Statements for the Year Ended 31 May 2024

Included within the net book value of land and buildings above is £326,613 (2023 - £326,613) in respect of freehold land and buildings and £172,824 (2023 - £173,018) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

1,672,160

1,787,500

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,222,288

1,118,876

Prepayments

271,103

270,747

Other debtors

502,137

244,482

 

2,995,528

1,634,105

7

Current asset investments

2024
£

2023
£

Other investments

1,000,000

1,000,000

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,410,140

1,200,595

Taxation and social security

65,425

41,594

Accruals and deferred income

40,043

44,236

Other creditors

8,911

7,804

1,524,519

1,294,229

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

840

840

840

840