Peter Evans Partnership Limited

(Registration number: 04373557)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	62,600	39,189
Current assets
Work in progress		154,009	149,483
Debtors	6	405,006	404,966
Cash at bank and in hand		464,859	175,777
		1,023,874	730,226
Creditors: Amounts falling due within one year	7	(350,041)	(315,285)
Net current assets		673,833	414,941
Total assets less current liabilities		736,433	454,130
Creditors: Amounts falling due after more than one year	7	(14,316)	-
Net assets		722,117	454,130
Capital and reserves
Called up share capital	8	15,000	15,000
Share premium reserve		164,071	164,071
Capital redemption reserve		6,000	6,000
Profit and loss account		537,046	269,059
Total equity		722,117	454,130

Peter Evans Partnership Limited

(Registration number: 04373557)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 22 August 2025 and signed on its behalf by:
 

.........................................

H Vaughan
Director

Peter Evans Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2-10 Kings Parade Mews
Clifton
Bristol
BS8 2RE

2	Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and at least the next twelve months. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Peter Evans Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Computer equipment	33% straight line
Motor vehicles	25% reducing balance
Bicycles	33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Goodwill	5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Peter Evans Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Work in progress is valued at net realisable value and represents the value of work un-invoiced at the end of the year, based upon the stage of completion of the service provided.

Trade creditors

Trade creditors are recognised initially at the transaction price.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Peter Evans Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 14).

4	Intangible fixed assets

	Goodwill  £
Cost
At 1 April 2024	200,000
At 31 March 2025	200,000
Amortisation
At 1 April 2024	200,000
At 31 March 2025	200,000
Carrying amount
At 31 March 2025	-
At 31 March 2024	-

Peter Evans Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible fixed assets

	Computers  £	Motor vehicles  £	Bicycles £	Total £
Cost
At 1 April 2024	81,242	102,126	2,016	185,384
Additions	21,305	40,961	1,641	63,907
Disposals	-	(102,125)	-	(102,125)
At 31 March 2025	102,547	40,962	3,657	147,166
Depreciation
At 1 April 2024	76,040	68,382	1,773	146,195
Charge for the year	3,905	7,756	288	11,949
Eliminated on disposal	-	(73,578)	-	(73,578)
At 31 March 2025	79,945	2,560	2,061	84,566
Carrying amount
At 31 March 2025	22,602	38,402	1,596	62,600
At 31 March 2024	5,202	33,744	243	39,189

Assets held under hire purchase agreements have a net book value of £38,400 (2024: £18,390).

6	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	335,873	351,617
Prepayments	51,093	53,349
Other debtors	18,040	-
	405,006	404,966

Peter Evans Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

	2025 £	2024 £
Amounts falling due within one year
Trade creditors	65,877	31,399
Taxation and social security	76,133	66,910
Other creditors	11,204	15,405
Accruals	5,859	7,596
Corporation tax	35,915	23,123
Hire purchase and finance lease liabilities	5,053	20,852
Directors' loan accounts	150,000	150,000
	350,041	315,285

Directors' loan accounts are unsecured, interest free and repayable on demand.