G.L.P. Evans Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04593581 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

G.L.P. Evans Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G L P Evans

SECRETARY:

Mrs C M Evans

REGISTERED OFFICE:

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3JP

REGISTERED NUMBER:

04593581 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

120,615

118,955

120,615

118,955

CURRENT ASSETS

Stocks

2,350

2,400

Debtors

38,207

50,179

Cash at bank

110,714

106,687

151,271

159,266

CREDITORS

Amounts falling due within one year

28,391

34,714

NET CURRENT ASSETS

122,880

124,552

TOTAL ASSETS LESS CURRENT LIABILITIES

243,495

243,507

CREDITORS

Amounts falling due after more than one year

(11,403

)

(18,244

)

PROVISIONS FOR LIABILITIES

(12,873

)

(17,747

)

NET ASSETS

219,219

207,516

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

219,216

207,513

SHAREHOLDERS' FUNDS

219,219

207,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2020 and were signed by:

G L P Evans - Director

1.	STATUTORY INFORMATION

G.L.P. Evans 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

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 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

and 31 March 2020

17,000

AMORTISATION

At 1 April 2019

and 31 March 2020

17,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

162,096

Additions

25,639

At 31 March 2020

187,735

DEPRECIATION

At 1 April 2019

43,141

Charge for year

23,979

At 31 March 2020

67,120

NET BOOK VALUE

At 31 March 2020

120,615

At 31 March 2019

118,955

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2019

and 31 March 2020

38,131

DEPRECIATION

At 1 April 2019

2,170

Charge for year

7,192

At 31 March 2020

9,362

NET BOOK VALUE

At 31 March 2020

28,769

At 31 March 2019

35,961

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019:

31.3.20

31.3.19

£

£

G L P Evans

Balance outstanding at start of year

(406

)

(10,061

)

Amounts advanced

8,043

61,725

Amounts repaid

(8,620

)

(52,070

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(983

)

(406

)