Registration number: 05337982

Evenett and Bishop Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Evenett and Bishop Limited

Company Information

Directors

S Bishop S Evenett

Company secretary

S Bishop

Registered office

35 High Street Newport Shropshire TF10 7AT

Accountants

Howsons Chartered Accountants Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Evenett and Bishop Limited

(Registration number: 05337982)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	-	8,627
Current assets
Stocks	6	19,898	20,957
Debtors	7	16,466	6,598
Cash at bank and in hand		33,701	18,568
		70,065	46,123
Creditors: Amounts falling due within one year	8	(46,898)	(35,726)
Net current assets		23,167	10,397
Total assets less current liabilities		23,167	19,024
Provisions for liabilities		(1,196)	(1,853)
Net assets		21,971	17,171
Capital and reserves
Called up share capital		300	300
Retained earnings		21,671	16,871
Shareholders' funds		21,971	17,171

For the financial year ending 31 January 2025 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been 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.

Evenett and Bishop Limited

(Registration number: 05337982)
Balance Sheet as at 31 January 2025

Approved and authorised by the Board on 6 October 2025 and signed on its behalf by:
 

......................................... S Bishop Company secretary and director

......................................... S Evenett Director

Evenett and Bishop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
35 High Street
Newport
Shropshire
TF10 7AT

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 – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, utilising the provisions of section 1A applicable to small entities and the Companies Act 2006.

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.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

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.

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.

Evenett and Bishop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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
Fixtures and fittings	25% Reducing balance
Plant and machinery	20% Straight line
Office equipment	25% 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	10% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Evenett and Bishop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Evenett and Bishop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2024	120,900	120,900
At 31 January 2025	120,900	120,900
Amortisation
At 1 February 2024	120,900	120,900
At 31 January 2025	120,900	120,900
Carrying amount
At 31 January 2025	-	-
At 31 January 2024	-	-

5	Tangible assets

	Fixtures and fittings  £	Plant and machinery  £	Office equipment £	Total £
Cost or valuation
At 1 February 2024	31,305	44,995	4,765	81,065
Transfer to current assets	(31,305)	(44,995)	(4,765)	(81,065)
At 31 January 2025	-	-	-	-
Depreciation
At 1 February 2024	31,040	37,466	3,931	72,437
Charge for the year	264	2,600	834	3,698
Transfer to current assets	(31,304)	(40,066)	(4,765)	(76,135)
At 31 January 2025	-	-	-	-
Carrying amount
At 31 January 2025	-	-	-	-
At 31 January 2024	265	7,529	833	8,627

6

Stocks

	2025 £	2024 £
Other inventories	19,898	20,957

Evenett and Bishop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

 

7

Debtors

	2025 £	2024 £
Trade debtors	6,389	3,463
Other debtors	4,927	633
Prepayments	5,150	2,502
	16,466	6,598

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		21,720	22,360
Taxation and social security		75	-
Other creditors		21,157	13,214
Directors' loan account		3,946	152
		46,898	35,726

Evenett and Bishop Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9	Loans and borrowings

	2025 £	2024 £
Current loans and borrowings
Directors' loan account	3,946	152

10	Going Concern

The accounts have not been completed on a going concern basis due to the trade and assets of the business being sold on 27 June 2025.