Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31false2024-02-01falseMerchants and manufacturerers of treated timber, fencing, allied fencing products and play area equipment.4849truetrue 01971368 2024-02-01 2025-01-31 01971368 2023-02-01 2024-01-31 01971368 2025-01-31 01971368 2024-01-31 01971368 c:CompanySecretary1 2024-02-01 2025-01-31 01971368 c:Director1 2024-02-01 2025-01-31 01971368 c:Director2 2024-02-01 2025-01-31 01971368 c:RegisteredOffice 2024-02-01 2025-01-31 01971368 d:Buildings 2024-02-01 2025-01-31 01971368 d:Buildings 2025-01-31 01971368 d:Buildings 2024-01-31 01971368 d:Buildings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01971368 d:Buildings d:ShortLeaseholdAssets 2024-02-01 2025-01-31 01971368 d:Buildings d:ShortLeaseholdAssets 2025-01-31 01971368 d:Buildings d:ShortLeaseholdAssets 2024-01-31 01971368 d:PlantMachinery 2024-02-01 2025-01-31 01971368 d:PlantMachinery 2025-01-31 01971368 d:PlantMachinery 2024-01-31 01971368 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01971368 d:MotorVehicles 2024-02-01 2025-01-31 01971368 d:MotorVehicles 2025-01-31 01971368 d:MotorVehicles 2024-01-31 01971368 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01971368 d:FurnitureFittings 2024-02-01 2025-01-31 01971368 d:FurnitureFittings 2025-01-31 01971368 d:FurnitureFittings 2024-01-31 01971368 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01971368 d:ComputerEquipment 2024-02-01 2025-01-31 01971368 d:ComputerEquipment 2025-01-31 01971368 d:ComputerEquipment 2024-01-31 01971368 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01971368 d:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 01971368 d:OtherPropertyPlantEquipment 2025-01-31 01971368 d:OtherPropertyPlantEquipment 2024-01-31 01971368 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01971368 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 01971368 d:CurrentFinancialInstruments 2025-01-31 01971368 d:CurrentFinancialInstruments 2024-01-31 01971368 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 01971368 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 01971368 d:ShareCapital 2025-01-31 01971368 d:ShareCapital 2024-01-31 01971368 d:CapitalRedemptionReserve 2024-02-01 2025-01-31 01971368 d:CapitalRedemptionReserve 2025-01-31 01971368 d:CapitalRedemptionReserve 2024-01-31 01971368 d:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 01971368 d:RetainedEarningsAccumulatedLosses 2025-01-31 01971368 d:RetainedEarningsAccumulatedLosses 2024-01-31 01971368 c:OrdinaryShareClass1 2024-02-01 2025-01-31 01971368 c:OrdinaryShareClass1 2025-01-31 01971368 c:OrdinaryShareClass1 2024-01-31 01971368 c:OrdinaryShareClass2 2024-02-01 2025-01-31 01971368 c:OrdinaryShareClass2 2025-01-31 01971368 c:OrdinaryShareClass2 2024-01-31 01971368 c:OrdinaryShareClass3 2024-02-01 2025-01-31 01971368 c:OrdinaryShareClass3 2025-01-31 01971368 c:OrdinaryShareClass3 2024-01-31 01971368 c:FRS102 2024-02-01 2025-01-31 01971368 c:Audited 2024-02-01 2025-01-31 01971368 c:FullAccounts 2024-02-01 2025-01-31 01971368 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 01971368 d:WithinOneYear 2025-01-31 01971368 d:WithinOneYear 2024-01-31 01971368 d:BetweenOneFiveYears 2025-01-31 01971368 d:BetweenOneFiveYears 2024-01-31 01971368 c:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 01971368 7 2024-02-01 2025-01-31 01971368 12 2024-02-01 2025-01-31 01971368 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure










A E EVANS LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
A E EVANS LTD
 
 
COMPANY INFORMATION


Directors
C Seager 
P M Williams 




Company secretary
C Seager



Registered number
01971368



Registered office
A E Evans Ltd
Lightwood Green

Overton

Wrexham

Clwyd

LL13 0HU




Independent auditors
WR Partners
Chartered Accountants & Statutory Auditors

Drake House

Gadbrook Park

Northwich

Cheshire

CW9 7RA





 
A E EVANS LTD
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10


 
A E EVANS LTD
REGISTERED NUMBER: 01971368

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,102,897
1,205,868

  
1,102,897
1,205,868

Current assets
  

Stocks
  
856,146
903,643

Debtors: amounts falling due within one year
 5 
660,456
534,195

Cash at bank and in hand
 6 
3,203,963
2,819,556

  
4,720,565
4,257,394

Creditors: amounts falling due within one year
 7 
(640,634)
(658,687)

Net current assets
  
 
 
4,079,931
 
 
3,598,707

Total assets less current liabilities
  
5,182,828
4,804,575

Provisions for liabilities
  

Deferred tax
  
(139,836)
(160,889)

  
 
 
(139,836)
 
 
(160,889)

Net assets
  
5,042,992
4,643,686


Capital and reserves
  

Called up share capital 
  
43
44

Capital redemption reserve
  
57
55

Profit and loss account
  
5,042,892
4,643,587

  
5,042,992
4,643,686


Page 1

 
A E EVANS LTD
REGISTERED NUMBER: 01971368
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 June 2025.




C Seager
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
A E EVANS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

The principal activity of the company continued to be that of merchants and manufacturers of treated timber, fencing, allied fencing products and play area equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents net invoiced sales of goods,excluding value added tax. 

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
A E EVANS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)


Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their lives on the following basis:

Site and property improvements
-
2% to 10% on cost
Plant and machinery
-
at variable rates on reducing balance
Motor vehicles
-
25% on reducing balance
Fixtures and fittings
-
15% on reducing balance
Computer equipment
-
33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Page 4

 
A E EVANS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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

 
2.6

Financial liabilities

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Financial liabilities within the scope of IAS 39 are initially classified as financial liabilities at fair value through profit or loss, loans and borrowings, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.
The Group determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value and in the case of loans and borrowings, plus directly attributable transaction costs.
Subsequently, the measurement of financial liabilities depends on their classification as follows:

Derecognition of financial liabilities

A liability is derecognised when the contract that gives rise to it is settled, sold, cancelled or expires.
Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

Page 5

 
A E EVANS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.7

Dividends

Equity instruments issued by the company are recorded at the proceeds received, net of transactions costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Pensions

Defined contribution pension plan

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.


 
2.10

Employment benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Page 6

 
A E EVANS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


3.


Employees

The average monthly number of employees, including directors, during the year was 48 (2024 - 49).

Page 7
 


 
A E EVANS LTD


 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


4.


Tangible fixed assets






Freehold land and buildings
Site and property improvements
Assets under construction
Plant and machinery
Computer equipment
Fixtures and fittings
Motor vehicles
Total

£
£
£
£
£
£
£
£



Cost or valuation


At 1 February 2024
298,431
540,911
4,609
1,575,186
87,183
10,604
38,519
2,555,443


Additions
-
-
16,801
-
3,456
-
-
20,257


Disposals
-
-
(4,609)
(581)
-
(2,004)
-
(7,194)



At 31 January 2025

298,431
540,911
16,801
1,574,605
90,639
8,600
38,519
2,568,506



Depreciation


At 1 February 2024
-
312,526
-
958,133
48,921
9,160
20,835
1,349,575


Charge for the year on owned assets
-
29,011
-
67,319
17,545
217
4,421
118,513


Disposals
-
-
-
(553)
-
(1,926)
-
(2,479)



At 31 January 2025

-
341,537
-
1,024,899
66,466
7,451
25,256
1,465,609



Net book value



At 31 January 2025
298,431
199,374
16,801
549,706
24,173
1,149
13,263
1,102,897



At 31 January 2024
298,431
228,385
4,609
617,053
38,262
1,444
17,684
1,205,868

Page 8
 
A E EVANS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

5.


Debtors

2025
2024
£
£


Trade debtors
549,779
419,967

Other debtors
21
-

Prepayments and accrued income
110,656
114,228

660,456
534,195



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
3,203,963
2,819,556

3,203,963
2,819,556



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
185,030
201,267

Corporation tax
231,295
246,572

Other taxation and social security
156,898
122,753

Other creditors
19,796
31,948

Accruals and deferred income
47,615
56,147

640,634
658,687



8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



1,342 (2024 - 1,418) Ordinary A shares of £0.01 each
13
14
1,500 (2024 - 1,500) Ordinary C shares of £0.01 each
15
15
1,500 (2024 - 1,500) Ordinary D shares of £0.01 each
15
15

43

44

Page 9

 
A E EVANS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

8.Share capital (continued)

A special resolution dated 9 May 2024 authorised the purchase of 76 of the Ordinary A £0.01 shares by the company at market value.
The Ordinary, 'A', 'C', & 'D' shares all have the same voting rights and privileges.
In the event of the company being would up no remaining share class has priority over any other with any surplus funds divided on the basis of number of shares held between the ordinary 'A', 'C' and 'D' shares.



9.


Reserves

Capital redemption reserve

Capital redemption reserve represents the nominal value of the shares purchased back by the company.

Profit and loss account

The profit and loss reserves contains all current and prior period profit and losses, net of dividends paid.


10.


Commitments under operating leases

At 31 January 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
57,442
53,526

Later than 1 year and not later than 5 years
145,903
68,452

203,345
121,978


11.


Related party transactions

A & A Evans Ltd received £25,000 (2024: £25,000) from the company as rent for the whole site on a year renewable lease.
A special resolution dated 9 May 2024 authorised the purchase of 76 of the Ordinary A £0.01 shares by the company for a consideration of £80,000 to the shareholder.


12.


Audit report Information

The auditors' report on the financial statements for the year ended 31 January 2025 was unqualified.

The audit report was signed on 27 June 2025 by Fran Johnson BSc BFP FCA (Senior statutory auditor) on behalf of WR Partners.

 
Page 10