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REGISTERED NUMBER: 12709278 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

H. Evason Ltd

H. Evason Ltd (Registered number: 12709278)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H. Evason Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A F Moss
L S Talbot
M Evason





REGISTERED OFFICE: Site 7, Meriden Park Cornets End Lane
Meriden
Coventry
CV7 7LG





REGISTERED NUMBER: 12709278 (England and Wales)





AUDITORS: Thornton Springer LLP
Chartered Accountants and
Statutory Auditor
67 Westow Street
London
SE19 3RW

H. Evason Ltd (Registered number: 12709278)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 39,468 -

CURRENT ASSETS
Debtors 6 901,528 1
Cash at bank and in hand 47,275 -
948,803 1
CREDITORS
Amounts falling due within one year 7 (1,080,939 ) -
NET CURRENT (LIABILITIES)/ASSETS (132,136 ) 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

(92,668

)

1

CREDITORS
Amounts falling due after more than one
year

8

(93,638

)

-
NET (LIABILITIES)/ASSETS (186,306 ) 1

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (186,307 ) -
SHAREHOLDERS' FUNDS (186,306 ) 1

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 20 March 2025 and were signed on its behalf by:





L S Talbot - Director


H. Evason Ltd (Registered number: 12709278)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

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.

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.

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.

H. Evason Ltd (Registered number: 12709278)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Going concern
The financial accounts have been prepared on a going concern basis; the company recognises there is an in-year loss in 23/24 but a healthy 12 month forecast of PowerX group has been reviewed by the directors for 2025. The Management Team continue to be cost efficient by careful consideration of overheads. The Management Team have a scheduled review on a monthly basis and utilise this time to review past performance, refine forecast for upcoming months and to review current projects. The industry the company operates within has been fortunate enough to continue operating in these challenging times due to environmental factors. The directors also believe the company is a going concern as the entity will continue to meet all financial obligations as they fall due and group support will be available if needed. With the increased business within the quarry sector the directors expect service demand to increase over the next 12 months.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
Additions 13,895 26,318 2,146 42,359
At 30 June 2024 13,895 26,318 2,146 42,359
DEPRECIATION
Charge for year 993 1,419 479 2,891
At 30 June 2024 993 1,419 479 2,891
NET BOOK VALUE
At 30 June 2024 12,902 24,899 1,667 39,468

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 262,197 -
Amounts owed by group undertakings 534,103 -
Other debtors 105,228 1
901,528 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 48,670 -
Trade creditors 72,010 -
Amounts owed to group undertakings 332,437 -
Taxation and social security 415,824 -
Other creditors 211,998 -
1,080,939 -

H. Evason Ltd (Registered number: 12709278)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 93,638 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 142,308 -

Hire purchase contracts are secured against the related assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Zahid Saleem FCCA ACA (Senior Statutory Auditor)
for and on behalf of Thornton Springer LLP

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE PARENT COMPANY

The parent company during the financial year is Evason Environmental Holdings Limited, a company incorporated in England and Wales.

On 08/11/2023 Evason Environmental Holdings Limited was acquired by PowerX Holdings Limited (Ultimate parent) and these accounts have been consolidated in the PowerX Holdings Ltd accounts and for which copies of the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The directors of PowerX Holdings Limited are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.