Evens & Co Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 02776346

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		45,167		55,936

			45,167		55,936
CURRENT ASSETS
Stocks	4	869,815		988,781
Debtors	5	953,020		730,754
Cash at bank and in hand		91,815		104,793

		1,914,650		1,824,328
Creditors: Amounts Falling Due Within One Year	6	(596,018 )		(513,697 )

NET CURRENT ASSETS (LIABILITIES)			1,318,632		1,310,631

TOTAL ASSETS LESS CURRENT LIABILITIES			1,363,799		1,366,567

Creditors: Amounts Falling Due After More Than One Year	7		(22,138 )		(68,625 )

NET ASSETS			1,341,661		1,297,942

CAPITAL AND RESERVES
Called up share capital	8		2		2
Income Statement			1,341,659		1,297,940

SHAREHOLDERS' FUNDS			1,341,661		1,297,942

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Evens & Co Ltd

Statement of Financial Position (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The financial statements were approved by the board of directors on 29 December 2025 and were signed

Mrs A Evens Director	Mr B Evens Director
29/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

1.2. Turnover

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset on the following bases:

Plant & Machinery	25% reducing balance basis
Motor Vehicles	25% reducing balance basis

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for bad and slow-paying clients. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Evens & Co Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

1.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

1.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

1.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 43 (2024: 42)

3. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	337,187	4,000	341,187
Additions	4,618	-	4,618
Disposals	(50,609 )	-	(50,609 )

As at 31 March 2025	291,196	4,000	295,196

Depreciation
As at 1 April 2024	284,251	1,000	285,251
Provided during the period	14,387	1,000	15,387
Disposals	(50,609 )	-	(50,609 )

As at 31 March 2025	248,029	2,000	250,029

Net Book Value
As at 31 March 2025	43,167	2,000	45,167

As at 1 April 2024	52,936	3,000	55,936

4. Stocks

	2025	2024
	£	£
Work in progress	869,815	988,781

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Evens & Co Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	947,051	728,967
Other debtors	5,969	1,787

	953,020	730,754

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	202,981	164,141
Bank loans and overdrafts	46,487	45,745
Corporation tax	27,113	20,893
Other taxes and social security	151,393	150,391
Other creditors	168,044	132,527

	596,018	513,697

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	22,138	68,625

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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