Company registration number 08188848 (England and Wales)
EVANS, HAYES, BURNELL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
EVANS, HAYES, BURNELL LIMITED
CONTENTS
Page
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 7
EVANS, HAYES, BURNELL LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EVANS, HAYES, BURNELL LIMITED FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EVANS, HAYES, BURNELL LIMITED for the year ended 31 December 2023 which comprise, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of EVANS, HAYES, BURNELL LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of EVANS, HAYES, BURNELL LIMITED and state those matters that we have agreed to state to the board of directors of EVANS, HAYES, BURNELL LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EVANS, HAYES, BURNELL LIMITED and its board of directors as a body, for our work or for this report.
It is your duty to ensure that EVANS, HAYES, BURNELL LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EVANS, HAYES, BURNELL LIMITED. You consider that EVANS, HAYES, BURNELL LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of EVANS, HAYES, BURNELL LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
WBV Limited
25 February 2025
Chartered Accountants
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY
EVANS, HAYES, BURNELL LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,331
1,353
Current assets
Debtors
4
460,927
341,046
Cash at bank and in hand
137,096
166,690
598,023
507,736
Creditors: amounts falling due within one year
5
(450,656)
(355,656)
Net current assets
147,367
152,080
Total assets less current liabilities
150,698
153,433
Creditors: amounts falling due after more than one year
6
(58,386)
(83,429)
Provisions for liabilities
(338)
(338)
Net assets
91,974
69,666
Capital and reserves
Called up share capital
30
30
Profit and loss reserves
91,944
69,636
Total equity
91,974
69,666
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
EVANS, HAYES, BURNELL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
Mr A N Evans
Mr G W B Hayes
Director
Director
Mr S Burnell
Director
Company registration number 08188848 (England and Wales)
EVANS, HAYES, BURNELL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2022
30
59,078
59,108
Year ended 31 December 2022:
Profit and total comprehensive income
-
280,558
280,558
Dividends
-
(270,000)
(270,000)
Balance at 31 December 2022
30
69,636
69,666
Year ended 31 December 2023:
Profit and total comprehensive income
-
292,308
292,308
Dividends
-
(270,000)
(270,000)
Balance at 31 December 2023
30
91,944
91,974
EVANS, HAYES, BURNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
1
Accounting policies
Company information
EVANS, HAYES, BURNELL LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 4-6 Orchard Street, Swansea, SA1 5AG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on cost
Computers
33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
EVANS, HAYES, BURNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
12
12
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2023
3,145
33,995
37,140
Additions
3,174
3,174
At 31 December 2023
3,145
37,169
40,314
Depreciation and impairment
At 1 January 2023
2,906
32,881
35,787
Depreciation charged in the year
239
957
1,196
At 31 December 2023
3,145
33,838
36,983
Carrying amount
At 31 December 2023
3,331
3,331
At 31 December 2022
239
1,114
1,353
EVANS, HAYES, BURNELL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
59,292
48,543
Other debtors
401,635
292,503
460,927
341,046
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
26,395
26,395
Trade creditors
82,825
82,825
Corporation tax
188,309
181,948
Other taxation and social security
8,863
5,146
Other creditors
144,264
59,342
450,656
355,656
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
58,386
83,429
7
Directors' transactions
Dividends totalling £270,000 (2022 - £270,000) were paid in the year in respect of shares held by the company's directors.
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mr A N Evans -
2.25
55,747
131,994
1,600
(101,645)
87,696
Mr G W B Hayes -
2.25
61,453
138,103
1,700
(108,645)
92,611
Mr S Burnell -
2.25
95,979
143,846
2,600
(103,895)
138,530
213,179
413,943
5,900
(314,185)
318,837