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REGISTERED NUMBER: 02817388 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Eversden Construction Limited

Eversden Construction Limited (Registered number: 02817388)






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


Eversden Construction Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T Banks
Mrs J Banks
Miss C Banks





SECRETARY: Mrs J Banks





REGISTERED OFFICE: The Barn
Church Meadows
Haslingfield Road
Barrington
Cambridgeshire
CB22 7RG





REGISTERED NUMBER: 02817388 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Eversden Construction Limited (Registered number: 02817388)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,017,095 990,343

CURRENT ASSETS
Debtors 5 18,220 14,536
Cash at bank 69,455 86,608
87,675 101,144
CREDITORS
Amounts falling due within one year 6 65,149 61,990
NET CURRENT ASSETS 22,526 39,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039,621

1,029,497

PROVISIONS FOR LIABILITIES 110,628 110,637
NET ASSETS 928,993 918,860

CAPITAL AND RESERVES
Called up share capital 7 12,001 12,001
Revaluation reserve 485,536 485,536
Retained earnings 431,456 421,323
SHAREHOLDERS' FUNDS 928,993 918,860

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.

Eversden Construction Limited (Registered number: 02817388)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





T Banks - Director


Eversden Construction Limited (Registered number: 02817388)

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

1. STATUTORY INFORMATION

Eversden Construction 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date the turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated by reference to the value of work performed to date as a proportion of the total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investment property - not provided
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Eversden Construction Limited (Registered number: 02817388)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Investment Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 July 2023 989,000 5,499 1,288
Additions - investment prop. 26,788 - 302
At 30 June 2024 1,015,788 5,499 1,590
DEPRECIATION
At 1 July 2023 - 4,745 1,012
Charge for year - 150 110
At 30 June 2024 - 4,895 1,122
NET BOOK VALUE
At 30 June 2024 1,015,788 604 468
At 30 June 2023 989,000 754 276

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 4,650 2,271 1,002,708
Additions - investment prop. - - 27,090
At 30 June 2024 4,650 2,271 1,029,798
DEPRECIATION
At 1 July 2023 4,337 2,271 12,365
Charge for year 78 - 338
At 30 June 2024 4,415 2,271 12,703
NET BOOK VALUE
At 30 June 2024 235 - 1,017,095
At 30 June 2023 313 - 990,343

Eversden Construction Limited (Registered number: 02817388)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Investment Plant and and
property machinery fittings
£    £    £   
Valuation in 2003 176,519 - -
Valuation in 2004 25,000 - -
Valuation in 2008 50,708 - -
Valuation in 2009 (104,325 ) - -
Valuation in 2014 (90,002 ) - -
Valuation in 2017 56,232 - -
Valuation in 2021 199,886 - -
Valuation in 2022 271,637 - -
Cost 430,133 5,499 1,590
1,015,788 5,499 1,590

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2003 - - 176,519
Valuation in 2004 - - 25,000
Valuation in 2008 - - 50,708
Valuation in 2009 - - (104,325 )
Valuation in 2014 - - (90,002 )
Valuation in 2017 - - 56,232
Valuation in 2021 - - 199,886
Valuation in 2022 - - 271,637
Cost 4,650 2,271 444,143
4,650 2,271 1,029,798

If the Investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 430,133 403,345

The investment properties were revalued by the directors on an open market basis on 30 June 2021.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 8,625 -
Other debtors 7,253 13,340
Directors' loan accounts - 446
Prepayments and accrued income 2,342 750
18,220 14,536

Eversden Construction Limited (Registered number: 02817388)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 5,336 1,898
Other creditors 28,700 28,900
Directors' loan accounts 20,808 19,755
Accrued expenses 10,305 11,437
65,149 61,990

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
12,001 Ordinary £1 12,001 12,001