Company Registration No. 11837061 (England and Wales)
Evisco Limited
Unaudited accounts
for the year ended 28 February 2025
Evisco Limited
Company Information
for the year ended 28 February 2025
Company Number
11837061 (England and Wales)
Registered Office
Unit 5 Alexander Court
Fleming Road
Earlstrees Industrial Estate
Corby
NN17 4SW
United Kingdom
Accountants
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
Evisco Limited
Accountants' report
Accountants' report to the director of Evisco Limited on the preparation of the unaudited statutory accounts for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Evisco Limited for the year ended
28 February 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Evisco Limited , as a body, in accordance with the terms of our engagement letter dated 30 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Evisco Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evisco Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Evisco Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Evisco Limited . You consider that Evisco 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 accounts of Evisco 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 accounts.
PHA Accountants Limited
Timsons Business Centre
Bath Road
Kettering
Northamptonshire
NN16 8NQ
2 April 2025
Evisco Limited
Statement of financial position
as at 28 February 2025
Tangible assets
60,078
41,963
Cash at bank and in hand
81,599
70,040
Creditors: amounts falling due within one year
(166,252)
(78,375)
Net current (liabilities)/assets
(6,633)
93,054
Total assets less current liabilities
53,445
135,017
Creditors: amounts falling due after more than one year
(25,675)
(52,997)
Provisions for liabilities
Deferred tax
(4,792)
(7,973)
Called up share capital
1
1
Profit and loss account
22,977
74,046
Shareholders' funds
22,978
74,047
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 April 2025 and were signed on its behalf by
Evaldas Brusokas
Director
Company Registration No. 11837061
Evisco Limited
Notes to the Accounts
for the year ended 28 February 2025
Evisco Limited is a private company, limited by shares, registered in England and Wales, registration number 11837061. The registered office is Unit 5 Alexander Court, Fleming Road, Earlstrees Industrial Estate, Corby, NN17 4SW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
33% straight line
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Evisco Limited
Notes to the Accounts
for the year ended 28 February 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The director has confirmed that he will continue to give financial support to the company until such time as its position improves.
The director considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support was withdrawn.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
7,495
43,874
2,898
54,267
Additions
-
29,865
774
30,639
At 28 February 2025
7,495
73,739
3,672
84,906
At 1 March 2024
1,124
9,970
1,210
12,304
Charge for the year
956
10,579
989
12,524
At 28 February 2025
2,080
20,549
2,199
24,828
At 28 February 2025
5,415
53,190
1,473
60,078
At 29 February 2024
6,371
33,904
1,688
41,963
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
5,415
6,371
- Motor vehicles
51,490
31,779
Amounts falling due within one year
Trade debtors
19,754
5,277
Accrued income and prepayments
1,941
1,512
Evisco Limited
Notes to the Accounts
for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
27,954
20,736
Obligations under finance leases and hire purchase contracts
20,089
10,904
Trade creditors
56,677
3,472
Taxes and social security
3
12,137
Other creditors
22,313
16,217
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
24,841
28,241
At the balance sheet date, the Director owed the Company £2,731 (2024: £Nil) in relation to his Director Loan balance. The outstanding loan was repaid on 3rd of April 2025.
9
Transactions with related parties
During the year, the dividends of £2,500 (2024: £9,770) were paid to the Director.
10
Average number of employees
During the year the average number of employees was 5 (2024: 2).