ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 09710138

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	WILLIAM EVANS LIMITED


WILLIAM EVANS LIMITED

COMPANY INFORMATION

Director	W Turnbull (appointed 9 July 2025)


Registered number	09710138


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Trading Address	The Old Armoury
	Queens Road
	Bisley Camp
	Brookwood
	Surrey
	GU24 0NY



Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


WILLIAM EVANS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


WILLIAM EVANS LIMITED REGISTERED NUMBER:09710138

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		240		320
Tangible assets	6		23,382		43,972
			23,622		44,292
Current assets
Stocks		1,004,141		1,071,526
Debtors: amounts falling due after more than one year	7	22,446		22,446
Debtors: amounts falling due within one year	7	160,914		157,969
Cash at bank and in hand		299,455		243,859
		1,486,956		1,495,800
Creditors: amounts falling due within one year	8	(3,542,043)		(3,476,995)
Net current liabilities			(2,055,087)		(1,981,195)
Total assets less current liabilities			(2,031,465)		(1,936,903)

Net liabilities			(2,031,465)		(1,936,903)

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(2,032,465)	(1,937,903)
	(2,031,465)	(1,936,903)

Page 1


WILLIAM EVANS LIMITED REGISTERED NUMBER:09710138

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

W Turnbull

Director

Date: 30 October 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


WILLIAM EVANS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

William Evans Limited is a private company limited by shares, registered in England and Wales. The address of the registered office and trading address is given on the company information page.

2.	Going concern

The accounts have been prepared on the assumption that the Company is a going concern, on the grounds that the shareholders will continue to provide financial support for its ordinary activity in the same parameters that the shareholders have applied to date.
As a result of the actions described above, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

3.Accounting policies

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

3.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

3.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


WILLIAM EVANS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.Accounting policies (continued)

3.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on the following bases:

Trademarks

years

3.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property	-	Over the remaining life of the lease
Plant and machinery	-	25%
Motor vehicles	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

3.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Employees

The average monthly number of employees, including directors, during the year was 15 (2024 - 15).

Page 4


WILLIAM EVANS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Intangible assets

		Trademarks
		£
	Cost
	At 1 April 2024	800
	At 31 March 2025	800
	Amortisation
	At 1 April 2024	480
	Charge for the year on owned assets	80
	At 31 March 2025	560
	Net book value
	At 31 March 2025	240
	At 31 March 2024	320

Page 5


WILLIAM EVANS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Tangible fixed assets

	Short-term leasehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	236,830	25,096	23,808	285,734
Additions	-	1,091	-	1,091
At 31 March 2025	236,830	26,187	23,808	286,825
Depreciation
At 1 April 2024	196,035	21,919	23,808	241,762
Charge for the year on owned assets	20,201	1,480	-	21,681
At 31 March 2025	216,236	23,399	23,808	263,443
Net book value
At 31 March 2025	20,594	2,788	-	23,382
At 31 March 2024	40,795	3,177	-	43,972

7.	Debtors
		2025	2024
		£	£

Due after more than one year
Other debtors	22,446	22,446
	22,446	22,446

					2025	2024
					£	£

Due within one year
Trade debtors	41,714	45,380
Other debtors	10,329	10,224
Prepayments and accrued income	108,871	102,365
	160,914	157,969

Page 6


WILLIAM EVANS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	213,039	207,986
Other taxation and social security	43,167	42,045
Other creditors	3,270,804	3,211,724
Accruals and deferred income	15,033	15,240
	3,542,043	3,476,995

Secured loans
A fixed and floating charge is held over the assets owned by the company in respect of shareholders loans of
£2,500,000 (2024: £2,500,000) included within other creditors.

Not later than 1 year	143,500	146,884
Later than 1 year and not later than 5 years	159,333	279,333
Later than 5 years	170,310	193,810
	473,143	620,027

Page 7