REGISTERED NUMBER: 00965772 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

G. F. Evans and Sons Limited

Trading as

Regent Garage

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G F Evans

Mrs M Evans

Mr P Evans

Mr G Evans

SECRETARY:

Mrs L Evans

REGISTERED OFFICE:

Regent Garage

Caernarfon Road

Criccieth

Gwynedd

LL52 0AP

REGISTERED NUMBER:

00965772 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

745,602

769,899

CURRENT ASSETS

Stocks

5

1,160,777

1,397,222

Debtors

6

257,441

262,617

Cash in hand

7,637

1,598

1,425,855

1,661,437

CREDITORS

Amounts falling due within one year

7

1,015,675

1,141,239

NET CURRENT ASSETS

410,180

520,198

TOTAL ASSETS LESS CURRENT LIABILITIES

1,155,782

1,290,097

CREDITORS

Amounts falling due after more than one year

8

(3,497

)

(24,734

)

PROVISIONS FOR LIABILITIES

(12,979

)

(24,452

)

NET ASSETS

1,139,306

1,240,911

CAPITAL AND RESERVES

Called up share capital

50,002

50,002

Revaluation reserve

10

238,497

238,497

Retained earnings

850,807

952,412

SHAREHOLDERS' FUNDS

1,139,306

1,240,911

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 December 2025 and were signed on its behalf by:

Mr P Evans - Director

Mr G Evans - Director

1.	STATUTORY INFORMATION

G. F. Evans and Sons 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.

Land and buildings

-

2.5% on cost

Plant and machinery etc

-

33% on cost, 20% on reducing balance, 10% on reducing balance and at variable rates on reducing balance

Prior to the transition to FRS102 the company had revalued its buildings. Upon transition and in line with the transitional provisions of Financial Reporting Standard (FRS) 102, it adopted this re-valued amount as it's deemed cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 21 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 April 2024

733,461

389,104

397,895

Additions

-

-

2,587

At 31 March 2025

733,461

389,104

400,482

DEPRECIATION

At 1 April 2024

151,703

330,853

329,264

Charge for year

13,836

9,727

8,902

At 31 March 2025

165,539

340,580

338,166

NET BOOK VALUE

At 31 March 2025

567,922

48,524

62,316

At 31 March 2024

581,758

58,251

68,631

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

154,554

48,902

16,607

1,740,523

Additions

13,734

-

417

16,738

At 31 March 2025

168,288

48,902

17,024

1,757,261

DEPRECIATION

At 1 April 2024

96,303

46,684

15,817

970,624

Charge for year

7,198

443

929

41,035

At 31 March 2025

103,501

47,127

16,746

1,011,659

NET BOOK VALUE

At 31 March 2025

64,787

1,775

278

745,602

At 31 March 2024

58,251

2,218

790

769,899

Included in cost of land and buildings is freehold land of £ 180,000 (2024 - £ 180,000 ) which is not depreciated.

5.

STOCKS

31.3.25

31.3.24

as restated

£

£

Stocks

835,648

1,007,433

Interest in consignment stock

325,129

389,789

1,160,777

1,397,222

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

61,991

80,440

Other debtors

195,450

182,177

257,441

262,617

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans and overdrafts

70,617

20,126

Hire purchase contracts

486,352

526,425

Trade creditors

382,079

481,070

Taxation and social security

21,047

61,673

Other creditors

55,580

51,945

1,015,675

1,141,239

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Other creditors

3,497

24,734

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

as restated

£

£

Hire purchase contracts

486,352

526,425

Hire purchase loans are secured on demonstrator and some other vehicles. These are included in stock.

The bank hold a first charge over Regent garage and the adjoining car park, a first charge over the Regent garage Body shop, Porthmadog, a first charge over Clwydfryn, Caernarfon Road, Criccieth, a first charge on land adjoining Clwydfryn, Criccieth, an unlimted guarantee from one of the directors and a debenture dated 15 March, 1977.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

238,497

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

as restated

£

£

Mr G F Evans

Balance outstanding at start of year

127,961

111,520

Amounts advanced

39,055

16,441

Amounts repaid

(23,337

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

143,679

127,961

Mr G Evans

Balance outstanding at start of year

-

-

Amounts advanced

755

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

755

-

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £19,000 were paid to the directors .

Related parties are the directors and shareholders, in whom the ultimate control of the company is vested. Three directors have current accounts with the company. In respect of Mr G F Evans, the current account is overdrawn.

G F Evans Esq owns the freehold of the showrooms, offices and service workshops.