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REGISTERED NUMBER: 05671370 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

S H EVERITT LIMITED

S H EVERITT LIMITED (REGISTERED NUMBER: 05671370)






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


S H EVERITT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S H Everitt
M R W Everitt
Mrs J L Everitt





SECRETARY: M R W Everitt





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 05671370 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

S H EVERITT LIMITED (REGISTERED NUMBER: 05671370)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,210 2,420
Tangible assets 5 71,344 72,727
72,554 75,147

CURRENT ASSETS
Stocks 1,650 1,650
Debtors 6 95,212 52,779
Cash at bank 95,121 136,676
191,983 191,105
CREDITORS
Amounts falling due within one year 7 129,243 97,297
NET CURRENT ASSETS 62,740 93,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,294

168,955

PROVISIONS FOR LIABILITIES 13,600 13,800
NET ASSETS 121,694 155,155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 121,594 155,055
SHAREHOLDERS' FUNDS 121,694 155,155

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.

S H EVERITT LIMITED (REGISTERED NUMBER: 05671370)

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 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 13 March 2025 and were signed on its behalf by:





S H Everitt - Director


S H EVERITT LIMITED (REGISTERED NUMBER: 05671370)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

S H Everitt 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. 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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was being amortised evenly over its estimated useful life of twenty years.

The company has taken advantage of the transitional provisions included in FRS102 not to apply 'Business Combinations and Goodwill' retrospectively, to any 'Business Combinations' that occurred prior to 1 July 2015.

As a result of the requirements of FRS102, the company has amended its accounting policy to amortise the goodwill over 10 years from the date of transition.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 balance sheet date.

S H EVERITT LIMITED (REGISTERED NUMBER: 05671370)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 22,000
AMORTISATION
At 1 July 2023 19,580
Charge for year 1,210
At 30 June 2024 20,790
NET BOOK VALUE
At 30 June 2024 1,210
At 30 June 2023 2,420

S H EVERITT LIMITED (REGISTERED NUMBER: 05671370)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 20,168 4,738 108,627 133,533
Additions 4,049 - 36,650 40,699
Disposals - - (50,158 ) (50,158 )
At 30 June 2024 24,217 4,738 95,119 124,074
DEPRECIATION
At 1 July 2023 12,003 3,427 45,376 60,806
Charge for year 2,715 327 11,414 14,456
Eliminated on disposal - - (22,532 ) (22,532 )
At 30 June 2024 14,718 3,754 34,258 52,730
NET BOOK VALUE
At 30 June 2024 9,499 984 60,861 71,344
At 30 June 2023 8,165 1,311 63,251 72,727

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 91,253 49,895
Other debtors 3,959 2,884
95,212 52,779

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 5,742 454
Taxation and social security 15,593 7,429
Other creditors 107,908 89,414
129,243 97,297