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Company No: 01356785 (England and Wales)

# EVEDAN LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

EVEDAN LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

EVEDAN LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
EVEDAN LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

DIRECTORS | M D Williams
| S Williams

REGISTERED OFFICE | Littlemead Industrial Estate
| Alfold Road
| Cranleigh
| Surrey
| GU6 8MD
| United Kingdom

COMPANY NUMBER | 01356785 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

EVEDAN LIMITED

## BALANCE SHEET

AS AT 31 DECEMBER 2024
EVEDAN LIMITED

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,143,316 |  | 2,193,911
|  | 2,143,316 |  | 2,193,911
Current assets |  |  |  |
Debtors | 5 | 96,187 |  | 66,831
Cash at bank and in hand |  | 10,930 |  | 13,302
|  | 107,117 |  | 80,133
Creditors: amounts falling due within one year | 6 | ( 61,543) |  | ( 72,465)
Net current assets |  | 45,574 |  | 7,668
Total assets less current liabilities |  | 2,188,890 |  | 2,201,579
Provision for liabilities |  | ( 1,949) |  | ( 2,293)
Net assets |  | 2,186,941 |  | 2,199,286
Capital and reserves |  |  |  |
Called-up share capital |  | 2 |  | 2
Share premium account |  | 14,349 |  | 14,349
Revaluation reserve |  | 1,593,086 |  | 1,616,675
Profit and loss account |  | 579,504 |  | 568,260
Total shareholders' funds |  | 2,186,941 |  | 2,199,286

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 financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Evedan Limited (registered number: 01356785) were approved and authorised for issue by the Board of Directors on 28 October 2025. They were signed on its behalf by:

M D Williams Director |

EVEDAN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
EVEDAN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Evedan Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Littlemead Industrial Estate, Alfold Road, Cranleigh, Surrey, GU6 8MD,, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 15 % reducing balance
Computer equipment | 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 4

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2024 | 2,900,000 |  | 75,250 |  | 3,147 |  | 2,978,397
At 31 December 2024 | 2,900,000 |  | 75,250 |  | 3,147 |  | 2,978,397
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2024 | 715,261 |  | 66,078 |  | 3,147 |  | 784,486
Charge for the financial year | 49,219 |  | 1,376 |  | 0 |  | 50,595
At 31 December 2024 | 764,480 |  | 67,454 |  | 3,147 |  | 835,081
Net book value |  |  |  |  |  |  |
At 31 December 2024 | 2,135,520 |  | 7,796 |  | 0 |  | 2,143,316
At 31 December 2023 | 2,184,739 |  | 9,172 |  | 0 |  | 2,193,911

#### 4. Fixed asset investments

Investments in subsidiaries

| 2024
| £
Cost |
At 01 January 2024 | 1
At 31 December 2024 | 1
Provisions for impairment |
At 01 January 2024 | 1
At 31 December 2024 | 1
Carrying value at 31 December 2024 | 0
Carrying value at 31 December 2023 | 0

The subsidiary undertaking of the company is Centriplant Rebuilds and Tank Company Limited. Evedan Limited has a 100% holding of the Ordinary shares.

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 44,876 |  | 32,491
Amounts owed by Group undertakings | 33,366 |  | 19,545
Prepayments | 16,133 |  | 14,213
Other debtors | 1,812 |  | 582
| 96,187 |  | 66,831

#### 6. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 30,307 |  | 29,474
Accruals | 12,908 |  | 12,628
Corporation tax | 12,531 |  | 19,267
Other taxation and social security | 5,797 |  | 6,172
Other creditors | 0 |  | 4,924
| 61,543 |  | 72,465

#### 7. Contingencies

Contingent liabilities

| 2024 |  | 2023
| £ |  | £
Total contingent liabilities | 210,851 |  | 234,002

The company is party to a cross guarantee to secure the banking facilities of Centriplant Rebuilds and Tank Company Limited. At the year end Centriplant. Rebuilds and Tank Company Limited had an overdraft of £210,851 (2023: £234,002)