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REGISTERED NUMBER: 05946619 (England and Wales)















Financial Statements

for the Year Ended 31 October 2024

for

Evans Tyre Services Limited

Evans Tyre Services Limited (Registered number: 05946619)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Evans Tyre Services Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: H W Evans
J E Evans
L H W Evans
M F W Evans





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 05946619 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Evans Tyre Services Limited (Registered number: 05946619)

Statement of Financial Position
31 October 2024

31/10/24 31/10/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 117,726 125,292

CURRENT ASSETS
Inventories 49,500 47,000
Debtors 6 176,043 158,953
Cash at bank and in hand 47,644 39,694
273,187 245,647
CREDITORS
Amounts falling due within one year 7 (191,934 ) (170,901 )
NET CURRENT ASSETS 81,253 74,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,979

200,038

CREDITORS
Amounts falling due after more than one
year

8

(4,310

)

(10,917

)

PROVISIONS FOR LIABILITIES (22,898 ) (24,369 )
NET ASSETS 171,771 164,752

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 171,521 164,502
SHAREHOLDERS' FUNDS 171,771 164,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Tyre Services Limited (Registered number: 05946619)

Statement of Financial Position - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





J E Evans - Director


Evans Tyre Services Limited (Registered number: 05946619)

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

1. STATUTORY INFORMATION

Evans Tyre Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern
The financial statements have been prepared under the historical cost convention.

Revenue
Revenue 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Inventories
Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Evans Tyre Services Limited (Registered number: 05946619)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 November 2023 149,806 147,487 297,293
Additions 2,009 23,500 25,509
Disposals - (30,193 ) (30,193 )
At 31 October 2024 151,815 140,794 292,609
Depreciation
At 1 November 2023 74,353 97,648 172,001
Charge for year 15,224 12,311 27,535
Eliminated on disposal - (24,653 ) (24,653 )
At 31 October 2024 89,577 85,306 174,883
Net book value
At 31 October 2024 62,238 55,488 117,726
At 31 October 2023 75,453 49,839 125,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 175,568 157,966
Other debtors 475 987
176,043 158,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 6,300 9,742
Trade creditors 73,069 57,018
Taxation and social security 39,161 27,656
Other creditors 73,404 76,485
191,934 170,901

Evans Tyre Services Limited (Registered number: 05946619)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 4,310 10,917

9. SECURED DEBTS

The following secured debts are included within creditors:

31/10/24 31/10/23
£    £   
Hire purchase contracts 10,610 20,659