Evans Bros (Llanybydder) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09298474 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Evans Bros (Llanybydder) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Evans

E J C Evans

REGISTERED OFFICE:

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

REGISTERED NUMBER:

09298474 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Tangible assets

4

137,300

98,503

CURRENT ASSETS

Debtors

5

1,119,840

955,813

Cash at bank

448,590

569,323

1,568,430

1,525,136

CREDITORS

Amounts falling due within one year

6

605,532

656,207

NET CURRENT ASSETS

962,898

868,929

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,100,198

967,432

CREDITORS

Amounts falling due after more than one
year

7

(202,765

)

(193,553

)

PROVISIONS FOR LIABILITIES

(20,804

)

(8,586

)

NET ASSETS

876,629

765,293

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

876,628

765,292

SHAREHOLDERS' FUNDS

876,629

765,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 27 November 2025 and were signed on its behalf by:

E J C Evans - Director

M R Evans - Director

1.	STATUTORY INFORMATION

Evans Bros (Llanybydder) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 February 2024

32,000

54,620

2,177

Additions

-

4,762

-

Disposals

-

At 31 January 2025

32,000

59,382

2,177

DEPRECIATION

At 1 February 2024

-

23,352

1,673

Charge for year

-

5,166

76

Eliminated on disposal

-

At 31 January 2025

-

28,518

1,749

NET BOOK VALUE

At 31 January 2025

32,000

30,864

428

At 31 January 2024

32,000

31,268

504

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 February 2024

32,180

13,738

134,715

Additions

55,984

-

60,746

Disposals

(17,000

)

-

(17,000

)

At 31 January 2025

71,164

13,738

178,461

DEPRECIATION

At 1 February 2024

6,560

4,627

36,212

Charge for year

4,901

1,366

11,509

Eliminated on disposal

(6,560

)

-

(6,560

)

At 31 January 2025

4,901

5,993

41,161

NET BOOK VALUE

At 31 January 2025

66,263

7,745

137,300

At 31 January 2024

25,620

9,111

98,503

5.

DEBTORS

31.1.25

31.1.24

£

Amounts falling due within one year:

Trade debtors

1,100,130

941,253

Other debtors

7,644

1,107,774

948,897

31.1.25

31.1.24

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

12,066

6,916

Aggregate amounts

1,119,840

955,813

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

370,176

445,806

Hire purchase contracts

3,685

-

Trade creditors

16,037

2,358

Tax

41,680

15,378

Social security and other taxes

6,572

694

VAT

65,268

43,457

Client account

17,745

Directors' current accounts

80,369

125,096

Accrued expenses

4,000

5,673

605,532

656,207

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Hire purchase contracts

9,212

-

Amounts owed to group undertakings

193,553

202,765

193,553

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

1

A Ordinary

1

9.

RESERVES

Retained

earnings

£

At 1 February 2024

765,292

Profit for the year

111,336

At 31 January 2025

876,628

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

E J C Evans and M R Evans

Balance outstanding at start of year

(125,095

)

(141,685

)

Amounts advanced

48,000

19,500

Amounts repaid

(3,274

)

(2,910

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(80,369

)

(125,095

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Evans Bros Auctioneers and EstateAgents Limited.