Company Registration No. 10447728 (England and Wales)
Evershine Design & Build Limited
Unaudited accounts
for the year ended 31 October 2024
Evershine Design & Build Limited
Unaudited accounts
Contents
Evershine Design & Build Limited
Statement of financial position
as at 31 October 2024
Tangible assets
20,778
27,702
Cash at bank and in hand
446
4,858
Creditors: amounts falling due within one year
(344,610)
(316,474)
Net current liabilities
(85,941)
(30,716)
Total assets less current liabilities
(65,163)
(3,014)
Creditors: amounts falling due after more than one year
(16,459)
(25,529)
Provisions for liabilities
Deferred tax
(1,975)
(2,235)
Net liabilities
(83,597)
(30,778)
Called up share capital
100
100
Profit and loss account
(83,697)
(30,878)
Shareholders' funds
(83,597)
(30,778)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2025 and were signed on its behalf by
Guraman Singh Toor
Director
Company Registration No. 10447728
Evershine Design & Build Limited
Notes to the Accounts
for the year ended 31 October 2024
Evershine Design & Build Limited is a private company, limited by shares, registered in England and Wales, registration number 10447728. The registered office is Unit 6, Hayes Metro Centre,, Springfield Road, Hayes, Middlesex, UB4 0LE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Computer equipment
25% reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Evershine Design & Build Limited
Notes to the Accounts
for the year ended 31 October 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
39,100
5,545
44,645
At 31 October 2024
39,100
5,545
44,645
At 1 November 2023
13,219
3,724
16,943
Charge for the year
6,469
455
6,924
At 31 October 2024
19,688
4,179
23,867
At 31 October 2024
19,412
1,366
20,778
At 31 October 2023
25,881
1,821
27,702
Amounts falling due within one year
Trade debtors
220,006
216,081
Other debtors
37,115
37,114
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
585
9,157
Trade creditors
15,656
15,655
Taxes and social security
14,110
12,308
Other creditors
77,405
67,357
Loans from directors
233,031
207,924
Evershine Design & Build Limited
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).