REGISTERED NUMBER: 07393075 (England and Wales)

RICHARD EVANS CARPENTRY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R J Evans

REGISTERED OFFICE:

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

REGISTERED NUMBER:

07393075 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

79,637

108,270

79,637

108,270

CURRENT ASSETS

Stock and work in progress

58,205

38,918

Debtors

6

518,221

459,585

Cash at bank and in hand

769,547

584,976

1,345,973

1,083,479

CREDITORS

Amounts falling due within one year

7

341,509

210,376

NET CURRENT ASSETS

1,004,464

873,103

TOTAL ASSETS LESS CURRENT LIABILITIES

1,084,101

981,373

CREDITORS

Amounts falling due after more than one year

8

(60,501

)

(75,676

)

PROVISIONS FOR LIABILITIES

-

(3,176

)

NET ASSETS

1,023,600

902,521

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

1,023,500

902,421

SHAREHOLDERS' FUNDS

1,023,600

902,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 24 September 2025 and were signed by:

R J Evans - Director

1.	STATUTORY INFORMATION

Richard Evans Carpentry Ltd 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.

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 incorporation of the business in 2010, has been amortised over it's estimated useful life of 5 years.

Formation costs

Formation costs have been fully amortised in the year in which they were incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

50,000

143

50,143

AMORTISATION

At 1 January 2024

and 31 December 2024

50,000

143

50,143

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Computer

machinery

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

11,053

10,822

142,567

3,312

167,754

Additions

-

-

-

3,487

3,487

Disposals

(4,897

)

-

(14,500

)

-

(19,397

)

At 31 December 2024

6,156

10,822

128,067

6,799

151,844

DEPRECIATION

At 1 January 2024

7,749

6,909

41,930

2,896

59,484

Charge for year

485

782

24,013

1,370

26,650

Eliminated on disposal

(4,015

)

-

(9,912

)

-

(13,927

)

At 31 December 2024

4,219

7,691

56,031

4,266

72,207

NET BOOK VALUE

At 31 December 2024

1,937

3,131

72,036

2,533

79,637

At 31 December 2023

3,304

3,913

100,637

416

108,270

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

99,599

DEPRECIATION

At 1 January 2024

24,900

Charge for year

18,675

At 31 December 2024

43,575

NET BOOK VALUE

At 31 December 2024

56,024

At 31 December 2023

74,699

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

314,854

276,973

Directors' current accounts

184,138

140,441

Tax

-

30,745

VAT

14,561

11,426

Deferred tax asset

2,232

-

Prepayments and accrued income

2,436

-

518,221

459,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

5,175

5,175

Trade creditors

72,106

41,413

Tax

117,249

44,371

Social security and other taxes

63,028

50,919

Subcontractors

67,867

52,639

Credit card

(16

)

(16

)

Accruals and deferred income

6,100

5,875

341,509

210,376

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

4,167

10,000

Bank loans - 2-5 years

-

4,167

Hire purchase contracts

56,334

61,509

60,501

75,676

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2024

902,421

Profit for the year

267,658

Dividends

(146,579

)

At 31 December 2024

1,023,500

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

R J Evans

Balance outstanding at start of year

140,441

103,211

Amounts advanced

300,114

220,266

Amounts repaid

(256,417

)

(183,036

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

184,138

140,441

Final dividends of £131,579 were paid during this financial year.