REGISTERED NUMBER: 04856609 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EVERGOOD ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M C Healy

SECRETARY:

Ms J Timms

REGISTERED OFFICE:

Evergood House

The Chase

John Tate Road

Hertford

Hertfordshire

SG13 7NN

REGISTERED NUMBER:

04856609 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Jeffrey Oliver

AUDITORS:

Cook and Partners Limited

Chartered Accountants

and Registered Auditors

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

4

15,752

13,797

CURRENT ASSETS

Debtors

5

2,252,844

2,491,886

Cash at bank

149,228

335,911

2,402,072

2,827,797

CREDITORS

Amounts falling due within one year

6

2,337,298

2,793,327

NET CURRENT ASSETS

64,774

34,470

TOTAL ASSETS LESS CURRENT LIABILITIES

80,526

48,267

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

80,522

48,263

SHAREHOLDERS' FUNDS

80,526

48,267

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 director and authorised for issue on 12 June 2025 and were signed by:

M C Healy - Director

1.	STATUTORY INFORMATION

Evergood Associates 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 directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Further, the ultimate parent undertaking MH 4 Limited continues to support the company by way of loan funding and has not indicated that such support will be withdrawn in the foreseeable future. Therefore the financial statements for the year ended 30th September 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Sales are recognised on the date services of temporary workers are provided to the customer. Sales in relation to permanent staff are recognised on the date permanent employment commences.

All sales are recognised net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Office equipment

-

20% on cost

Financial instruments

The director considers all financial instruments to be basic financial instruments in accordance with Section 11 of the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts.Provision is made where this is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments.

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.

Deferred taxation

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.

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 25 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

170,589

Additions

8,316

At 30 September 2024

178,905

DEPRECIATION

At 1 October 2023

156,792

Charge for year

6,361

At 30 September 2024

163,153

NET BOOK VALUE

At 30 September 2024

15,752

At 30 September 2023

13,797

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,222,596

2,457,178

Amounts owed by group undertakings

12,237

15,566

Amounts owed by associates

3,540

-

Other debtors

14,471

19,142

2,252,844

2,491,886

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

299,871

299,497

Amounts owed to group undertakings

1,630,842

1,810,939

Taxation and social security

342,668

596,147

Other creditors

63,917

86,744

2,337,298

2,793,327

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

49,445

50,280

Between one and five years

21,374

65,911

70,819

116,191

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

The Report of the Auditors was unqualified.

Mr Jeffrey Oliver (Senior Statutory Auditor)

for and on behalf of Cook and Partners Limited

9.	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.

In accordance with FRS102 1A material transactions with related parties which the company has entered into which have not been concluded under normal market conditions must be disclosed within the financial statements. The director considers that all transactions with related parties have been concluded under normal market conditions and therefore no disclosures are required.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is MH4 Limited, a Company incorporated in England and Wales, whose registered office is Bayford House, Bayford, Hertfordshire, England, SG13 8PX. The Company's results are consolidated into the accounts of MH4 Limited and the copies of the consolidated financial statements can be obtained from the registered office.

The ultimate controlling parties are M Healy, E Healy, R Healy, S Healy and P Healy