REGISTERED NUMBER: 00691124 (England and Wales)

D.F.& A.M.BEVAN & CO., LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

M Johnson

V H Johnson

REGISTERED OFFICE:

MHA House

Phoenix Way

Swansea Enterprise Park

Swansea

SA7 9FS

REGISTERED NUMBER:

00691124 (England and Wales)

ACCOUNTANTS:

MHA

Chartered Accountants

MHA House

Charter Court

Swansea Enterprise Park

Swansea

SA7 9FS

FIXED ASSETS

Tangible assets

4

3,534,549

3,765,950

CURRENT ASSETS

Stocks

415,294

455,256

Debtors

5

875,077

491,197

Cash at bank and in hand

645,586

658,662

1,935,957

1,605,115

CREDITORS

Amounts falling due within one year

6

3,451,175

3,140,491

NET CURRENT LIABILITIES

(1,515,218

)

(1,535,376

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,019,331

2,230,574

CREDITORS

Amounts falling due after more than one year

7

(7,685

)

(17,685

)

PROVISIONS FOR LIABILITIES

(366,938

)

(137,612

)

NET ASSETS

1,644,708

2,075,277

CAPITAL AND RESERVES

Called up share capital

800

800

Retained earnings -

non distributable

9

951,332

1,397,571

Retained earnings

692,576

676,906

SHAREHOLDERS' FUNDS

1,644,708

2,075,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

V H Johnson - Director

1.	STATUTORY INFORMATION

D. F. & A.M. Bevan & Co., Limited 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.

The presentation currency of the financial statements is the pound sterling (£) and has been rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention modified to include the revaluation of certain assets.

Going concern

The company has net assets at the balance sheet date and has made a profit in the year. However, the company has net current liabilities at 26 September 2021. The company is reliant upon the support of its bankers and directors. Part of the financing of the company has been through loan facilities. At the date of signing the financial statements the directors have no indication that this support will not continue for the foreseeable future.

Therefore, after making enquiries and considering the uncertainties described above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons they continue to adopt the going concern basis in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only affects that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Impairment of assets

Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.

Provisions and contingencies

Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

Turnover and revenue recognition

Turnover is the revenue derived from ordinary activities, stated after trade discounts, and VAT. Revenue is recognised at the point of sale of goods to the customer. Turnover includes fuel sales, shop sales , car wash sales and LPG gas sales.

Rental and related income is recognised in the period to which it relates.

Tangible fixed assets

Tangible fixed assets are measured at cost or revaluation less depreciation.

Depreciation is provided on cost or revaluation at the following rates in order to write off each asset over its estimated useful life.The rates of depreciation are as follows:

Freehold property - 2% on cost or valuation

Long leasehold property - Over the term of the lease.

Fixtures and fittings - At varying rates on cost

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost includes purchase price less discounts where applicable. Net realisable value is based on estimated selling price. Provision is made for obsolete and slow moving items where appropriate.

Financial instruments

Basic financial assets which include trade and other debtors and cash and bank balances, are initially measured 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.

Basic financial liabilities, including trade, other creditors and 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 payments discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operated a money purchase pension scheme. Contributions payable in a year are charged in the profit and loss account.

Government grants

Grants are credited to deferred revenue when entitlement to the grant has been established. Grants towards capital expenditure are credited to deferred income and released to the income statement over the expected useful life of the assets. Grants towards revenue expenditure are released to the income statement as the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Investment

and

property

properties

fittings

Totals

£

£

£

£

COST OR VALUATION

At 27 September 2023

1,392,092

2,788,229

408,057

4,588,378

Additions

-

-

18,909

18,909

Revaluations

-

(200,000

)

-

(200,000

)

At 26 September 2024

1,392,092

2,588,229

426,966

4,407,287

DEPRECIATION

At 27 September 2023

442,317

88,227

291,884

822,428

Charge for year

27,645

-

22,665

50,310

At 26 September 2024

469,962

88,227

314,549

872,738

NET BOOK VALUE

At 26 September 2024

922,130

2,500,002

112,417

3,534,549

At 26 September 2023

949,775

2,700,002

116,173

3,765,950

The freehold property at Park Avenue, Skewen has been valued at £1,024,542 (2023 :- £1,055,924) including fixtures of £112,262 (2023 : £115,999) on 26 September 2022 by the directors at fair value. On an historical cost basis the freehold property and fixtures would be included at an original cost of £1,423,067 (2023 :- £1,404,157) and aggregate depreciation of £644,238 (2023 :- £601,393)

.

Investment properties have been valued at fair value by the directors at the balance sheet date at £2,500,002 (2023 :- £2,700,002) based on an independent valuation by JLL, Chartered Surveyors. On an historical cost basis the investment properties would be included at an original cost of £1,594,603 (2023 :- £1,594,603) and aggregate depreciation of £15,109 (2023 :- £15,109).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

53,418

118,418

Other debtors

821,659

372,779

875,077

491,197

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

190,269

273,180

Taxation and social security

62,830

98,093

Other creditors

3,188,076

2,759,218

3,451,175

3,140,491

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

7,685

17,685

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

17,685

27,685

9.

RESERVES

Retained

earnings

- non

distributable

£

At 27 September 2023

1,397,571

Movement in the period

(446,239

)

At 26 September 2024

951,332

10.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 26 September 2024 and 26 September 2023:

2024

2023

£

£

R A Johnson

Balance outstanding at start of year

(2,642

)

(9,052

)

Amounts advanced

9,160

7,169

Amounts repaid

(710

)

(759

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,808

(2,642

)

M Johnson

Balance outstanding at start of year

3,271

(3,968

)

Amounts advanced

4,212

9,031

Amounts repaid

(1,675

)

(1,792

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,808

3,271

V H Johnson

Balance outstanding at start of year

(2,896

)

(7,914

)

Amounts advanced

10,714

7,169

Amounts repaid

(2,010

)

(2,151

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,808

(2,896

)

The directors' loans are interest free, unsecured and have no fixed repayment terms.