ACCOUNTS - Final Accounts preparation

A E EVANS LTD

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

A E EVANS LTD

COMPANY INFORMATION

Directors	C Seager
	P M Williams
	A G Evans (appointed 2 June 2025)


Company secretary	C Seager


Registered number	01971368


Registered office	A E Evans Ltd
	Lightwood Green
	Overton
	Wrexham
	Clwyd
	LL13 0HU


Independent auditors	WR Partners
	Chartered Accountants & Statutory Auditors
	3 Royal Court
	Gadbrook Way
	Gadbrook Park
	Northwich
	Cheshire
	CW9 7UT

A E EVANS LTD

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 11

A E EVANS LTD

REGISTERED NUMBER: 01971368

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		994,698		1,102,897
			994,698		1,102,897
Current assets
Stocks		793,248		856,146
Debtors: amounts falling due within one year	5	685,299		660,456
Cash at bank and in hand	6	4,064,687		3,203,963
		5,543,234		4,720,565
Creditors: amounts falling due within one year	7	(730,902)		(640,634)
Net current assets			4,812,332		4,079,931
Total assets less current liabilities			5,807,030		5,182,828
Provisions for liabilities
Deferred tax		(113,557)		(139,836)
			(113,557)		(139,836)
Net assets			5,693,473		5,042,992

Capital and reserves
Called up share capital	8		43		43
Capital redemption reserve	9		57		57
Profit and loss account	9		5,693,373		5,042,892
			5,693,473		5,042,992

Page 1

A E EVANS LTD

REGISTERED NUMBER: 01971368

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 June 2026.

C Seager

Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

The principal activity of the company continued to be that of merchants and manufacturers of treated timber, fencing, allied fencing products and play area equipment. The registered office is located at Lightwood Green, Overton, Wrexham, Clwyd, LL13 0HU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue represents net invoiced sales of goods,excluding value added tax.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their lives on the following basis:

				Site and property improvements	-	2% to 10% on cost
				Plant and machinery	-	15% reducing balance
				Motor vehicles	-	25% on reducing balance
				Fixtures and fittings	-	15% on reducing balance
				Computer equipment	-	33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 4

A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.5

Financial instruments (continued)

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.6

Financial liabilities

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

The Company determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value and in the case of loans and borrowings, plus directly attributable transaction costs.

Subsequently, the measurement of financial liabilities depends on their classification as follows:

Derecognition of financial liabilities

A liability is derecognised when the contract that gives rise to it is settled, sold, cancelled or expires.

Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

2.7

Dividends

Equity instruments issued by the company are recorded at the proceeds received, net of transactions costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Page 5

A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.9

Pensions

Defined contribution pension plan

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.

2.10

Employment benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Page 6

A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

3.

Employees

The average monthly number of employees, including directors, during the year was 49 (2025 - 48).

Page 7


		A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

4.

Tangible fixed assets

		Freehold land and buildings	Site and property improvements	Plant and machinery	Computer equipment	Fixtures and fittings	Motor vehicles	Assets under construction	Total
		£	£	£	£	£	£	£	£
	Cost or valuation
	At 1 February 2025	298,431	540,910	1,574,606	90,639	8,600	38,519	16,801	2,568,506
	Additions	-	-	8,700	455	-	-	-	9,155
	Disposals	-	-	(27,540)	-	-	-	-	(27,540)
	Transfers between classes	-	-	16,801	-	-	-	(16,801)	-
	At 31 January 2026	298,431	540,910	1,572,567	91,094	8,600	38,519	-	2,550,121
	Depreciation
	At 1 February 2025	-	341,537	1,024,899	66,466	7,451	25,256	-	1,465,609
	Charge for the year on owned assets	-	22,128	74,367	16,579	173	3,316	-	116,563
	Disposals	-	-	(26,749)	-	-	-	-	(26,749)
	At 31 January 2026	-	363,665	1,072,517	83,045	7,624	28,572	-	1,555,423
	Net book value
	At 31 January 2026	298,431	177,245	500,050	8,049	976	9,947	-	994,698
	At 31 January 2025	298,431	199,373	549,707	24,173	1,149	13,263	16,801	1,102,897

Page 8

A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

5.

Debtors

					2026	2025
					£	£


	Trade debtors	573,793	549,779
	Other debtors	-	21
	Prepayments and accrued income	111,506	110,656
		685,299	660,456

6.	Cash and cash equivalents
					2026	2025
					£	£

	Cash at bank and in hand	4,064,687	3,203,963
		4,064,687	3,203,963

7.	Creditors: Amounts falling due within one year
					2026	2025
					£	£

	Trade creditors	168,086	185,030
	Corporation tax	270,306	231,295
	Other taxation and social security	200,420	156,898
	Other creditors	19,496	19,796
	Accruals and deferred income	72,594	47,615
		730,902	640,634

Page 9

A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

8.	Share capital
					2026	2025
					£	£

		Allotted, called up and fully paid

		1,273 (2025 - 1,342) Ordinary A shares of £0.01 each	13	13
		1,500 (2025 - 1,500) Ordinary C shares of £0.01 each	15	15
		1,500 (2025 - 1,500) Ordinary D shares of £0.01 each	15	15

			43	43

An ordinary resolution dated 16 April 2025 authorised the purchase of 69 of the Ordinary A £0.01 shares by the company at market value.

The Ordinary, 'A', 'C', & 'D' shares all have the same voting rights and privileges.

In the event of the company being would up no remaining share class has priority over any other with any surplus funds divided on the basis of number of shares held between the ordinary 'A', 'C' and 'D' shares.

9.

Reserves

Capital redemption reserve

Capital redemption reserve represents the nominal value of the shares purchased back by the company.

Profit and loss account

The profit and loss reserves contains all current and prior period profit and losses, net of dividends paid.

10.	Commitments under operating leases
	At 31 January 2026 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
					2026	2025
					£	£

	Not later than 1 year	51,791	57,442
	Later than 1 year and not later than 5 years	94,113	145,903
		145,904	203,345

Page 10

A E EVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

11.

Related party transactions

During the year, the company paid rent of £25,000 (2025: £25,000) to A & A Evans Ltd, a company wholly owned by the son of one of the company’s shareholders, in respect of land occupied under a renewable lease.

An ordinary resolution dated 16 April 2025 authorised the purchase of 69 of the Ordinary A £0.01 shares by the company for a consideration of £80,000 to the shareholder. The transaction forms part of a share buyback arrangement that runs to 2029.

12.	Audit report Information

The auditors' report on the financial statements for the year ended 31 January 2026 was unqualified.

The audit report was signed on 12 June 2026 by Fran Johnson BSc BFP FCA (Senior statutory auditor) on behalf of WR Partners.

Page 11