EAV CO-ORDINATED LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02995134 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

EAV CO-ORDINATED LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Newman

R Newman

SECRETARY:

Mrs E C Newman

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

02995134 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

3,066,307

3,082,294

CURRENT ASSETS

Debtors

5

168,851

190,725

Cash at bank

657,934

362,270

826,785

552,995

CREDITORS

Amounts falling due within one year

6

249,105

235,737

NET CURRENT ASSETS

577,680

317,258

TOTAL ASSETS LESS CURRENT LIABILITIES

3,643,987

3,399,552

PROVISIONS FOR LIABILITIES

178,320

181,457

NET ASSETS

3,465,667

3,218,095

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Capital redemption reserve

950

950

Fair value reserve

7

881,195

910,900

Retained earnings

2,573,522

2,296,245

SHAREHOLDERS' FUNDS

3,465,667

3,218,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 on 23 March 2020 and were signed on its behalf by:

D Newman - Director

R Newman - Director

1.	STATUTORY INFORMATION

EAV Co-ordinated 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Leasehold property

-

not provided

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer software

-

33% 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 13 (2018 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Leasehold

and

property

property

fittings

£

£

£

COST OR VALUATION

At 1 January 2019

178,400

2,829,000

405,009

Additions

-

-

1,247

Revaluations

7,000

-

-

At 31 December 2019

185,400

2,829,000

406,256

DEPRECIATION

At 1 January 2019

-

-

342,719

Charge for year

-

-

20,968

At 31 December 2019

-

-

363,687

NET BOOK VALUE

At 31 December 2019

185,400

2,829,000

42,569

At 31 December 2018

178,400

2,829,000

62,290

Motor

Computer

vehicles

software

Totals

£

£

£

COST OR VALUATION

At 1 January 2019

14,050

192,293

3,618,752

Additions

-

500

1,747

Revaluations

-

-

7,000

At 31 December 2019

14,050

192,793

3,627,499

DEPRECIATION

At 1 January 2019

7,136

186,603

536,458

Charge for year

1,723

2,043

24,734

At 31 December 2019

8,859

188,646

561,192

NET BOOK VALUE

At 31 December 2019

5,191

4,147

3,066,307

At 31 December 2018

6,914

5,690

3,082,294

Cost or valuation at 31 December 2019 is represented by:

Fixtures

Freehold

Leasehold

and

property

property

fittings

£

£

£

Valuation in 2015

1,918

552,417

-

Valuation in 2016

15,704

186,990

-

Valuation in 2017

15,500

94,801

-

Valuation in 2018

2,096

173,300

-

Valuation in 2019

7,000

-

-

Cost

143,182

1,821,492

406,256

185,400

2,829,000

406,256

Motor

Computer

vehicles

software

Totals

£

£

£

Valuation in 2015

-

-

554,335

Valuation in 2016

-

-

202,694

Valuation in 2017

-

-

110,301

Valuation in 2018

-

-

175,396

Valuation in 2019

-

-

7,000

Cost

14,050

192,793

2,577,773

14,050

192,793

3,627,499

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

139,874

161,087

Other debtors

1,500

-

Prepayments

27,477

29,638

168,851

190,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

19,505

19,856

Tax

109,171

83,125

Social security and other taxes

3,411

3,974

VAT

53,638

53,799

Other creditors

50,343

57,684

Directors' current accounts

175

175

Accrued expenses

12,862

17,124

249,105

235,737

7.

RESERVES

Fair

value

reserve

£

At 1 January 2019

910,900

Revaluation

7,000

Deferred tax

(36,705

)

At 31 December 2019

881,195

8.	RELATED PARTY DISCLOSURES

During the year the company received management charges totalling £36,675 (2018: £39,058), rental income

totalling £33,000 (2018: £33,000) and Forklift rental totalling £812 (2018: £1,305) from Elkens Storage and

Distribution, of which the directors are partners.

Storage rent of £12,000 (2018: £12,000) and shredding services of £12,250 (2018: £ - ) were also paid to Elkens

Storage and Distribution during the year.

These transactions were made under normal commercial terms.