Registration number: 05481425

Evergreen Care Wales Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Evergreen Care Wales Limited

Company Information

Directors	Christopher Mark Davies Mrs Pamela Davies Mr Lindsay, Hugh Doyle Michael Davies Mrs Sharon Tracey Willmott-Doyle

Registered office

Ground Floor Office Hebron House Libanus Road Blackwood NP2 1EH

Accountants

Gapfillers Limited T/A Aims Accountants for Business Chartered CertifiedC12 12 Cathedral Road Cardiff CF11 9LJ

Evergreen Care Wales Limited

(Registration number: 05481425)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	254,400	286,200
Tangible assets	5	2,270,096	2,265,309
		2,524,496	2,551,509
Current assets
Debtors	6	192,088	217,598
Cash at bank and in hand		494,941	458,679
		687,029	676,277
Creditors: Amounts falling due within one year	7	(542,708)	(451,576)
Net current assets		144,321	224,701
Total assets less current liabilities		2,668,817	2,776,210
Creditors: Amounts falling due after more than one year	7	(415,251)	(559,172)
Net assets		2,253,566	2,217,038
Capital and reserves
Called up share capital		100	100
Fair value reserve		702,200	702,200
Retained earnings		1,551,266	1,514,738
Shareholders' funds		2,253,566	2,217,038

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:
 

......................................... Christopher Mark Davies Director

Evergreen Care Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Ground Floor Office
Hebron House
Libanus Road
Blackwood
NP2 1EH

These financial statements were authorised for issue by the Board on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Evergreen Care Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% of reducing balance
Motor vehicles	25% of reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	evenly over 25 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Evergreen Care Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 111 (2023 - 106).

Evergreen Care Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	795,000	795,000
At 31 December 2024	795,000	795,000
Amortisation
At 1 January 2024	508,800	508,800
Amortisation charge	31,800	31,800
At 31 December 2024	540,600	540,600
Carrying amount
At 31 December 2024	254,400	254,400
At 31 December 2023	286,200	286,200

5	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	2,237,507	82,756	119,624	2,439,887
Additions	-	24,899	-	24,899
Disposals	-	(18,683)	-	(18,683)
At 31 December 2024	2,237,507	88,972	119,624	2,446,103
Depreciation
At 1 January 2024	-	56,978	117,600	174,578
Charge for the year	-	7,627	506	8,133
Eliminated on disposal	-	(6,704)	-	(6,704)
At 31 December 2024	-	57,901	118,106	176,007
Carrying amount
At 31 December 2024	2,237,507	31,071	1,518	2,270,096
At 31 December 2023	2,237,507	25,778	2,024	2,265,309

Included within the net book value of land and buildings above is £2,237,507 (2023 - £2,237,507) in respect of freehold land and buildings.
 

Evergreen Care Wales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Debtors

Current	2024 £	2023 £
Trade debtors	192,088	112,758
Other debtors	-	104,840
	192,088	217,598

7

Creditors

Creditors: amounts falling due within one year

	Note	2024  £	2023  £
Due within one year
Loans and borrowings	8	135,645	117,007
Amounts due to related parties		33,757	-
Social security and other taxes		63,957	60,456
Other payables		199,921	181,401
Corporation tax liability		109,428	92,712
		542,708	451,576
Due after one year
Loans and borrowings	8	415,251	559,172

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	415,251	559,172

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	415,251	559,172

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	135,645	117,007