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REGISTERED NUMBER: 03970346 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

K P EVANS & CO LIMITED

K P EVANS & CO LIMITED (REGISTERED NUMBER: 03970346)






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


K P EVANS & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A P Evans
M L Evans





SECRETARY: M L Evans





REGISTERED OFFICE: Telford Way
Severalls Industrial Estate
Colchester
Essex
CO4 9QP





REGISTERED NUMBER: 03970346 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

K P EVANS & CO LIMITED (REGISTERED NUMBER: 03970346)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 73,576 70,095
73,576 70,095

CURRENT ASSETS
Stocks 138,730 95,080
Debtors 6 1,153,217 1,330,743
Cash at bank and in hand 545,603 295,633
1,837,550 1,721,456
CREDITORS
Amounts falling due within one year 7 620,738 708,818
NET CURRENT ASSETS 1,216,812 1,012,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,290,388

1,082,733

PROVISIONS FOR LIABILITIES 18,394 17,524
NET ASSETS 1,271,994 1,065,209

CAPITAL AND RESERVES
Called up share capital 8 270 270
Capital redemption reserve 9 730 730
Retained earnings 9 1,270,994 1,064,209
SHAREHOLDERS' FUNDS 1,271,994 1,065,209

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.

K P EVANS & CO LIMITED (REGISTERED NUMBER: 03970346)

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:





A P Evans - Director


K P EVANS & CO LIMITED (REGISTERED NUMBER: 03970346)

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

1. STATUTORY INFORMATION

K P Evans & Co 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and also have been consistently applied within the same accounts.

Goodwill
Goodwill has been fully amortised on a straight line basis over a period of ten years.

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.
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

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.

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.

K P EVANS & CO LIMITED (REGISTERED NUMBER: 03970346)

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

2. ACCOUNTING POLICIES - continued

Pension costs
The company operates a defined contribution pension scheme through a Group Personal Pension Plan. The assets of the Scheme are held separately from those of the company, in an independently administered fund. Pension Scheme contributions made by the company are charged to the Profit & Loss Account in the year in which they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 305,000
AMORTISATION
At 1 July 2023
and 30 June 2024 305,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 July 2023 91,388 166,133 257,521
Additions 1,695 20,500 22,195
Disposals - (7,650 ) (7,650 )
At 30 June 2024 93,083 178,983 272,066
DEPRECIATION
At 1 July 2023 82,968 104,458 187,426
Charge for year 2,529 15,164 17,693
Eliminated on disposal - (6,629 ) (6,629 )
At 30 June 2024 85,497 112,993 198,490
NET BOOK VALUE
At 30 June 2024 7,586 65,990 73,576
At 30 June 2023 8,420 61,675 70,095

K P EVANS & CO LIMITED (REGISTERED NUMBER: 03970346)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,116,822 1,272,640
Other debtors 33,122 56,004
Tax - 10
Prepayments 3,273 2,089
1,153,217 1,330,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 462,736 623,514
Corporation tax 71,366 8,156
Social security and other taxes 37,796 38,504
Other creditors - Directors
current accounts 2,515 1,586
Accruals 46,325 37,058
620,738 708,818

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
270 Ordinary £1 270 270

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 1,064,209 730 1,064,939
Profit for the year 216,785 216,785
Dividends (10,000 ) (10,000 )
At 30 June 2024 1,270,994 730 1,271,724

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2023 - £7,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The company is under the control of A P Evans.