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 2021

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

3,265,989

3,121,133

CURRENT ASSETS

Debtors

5

475,344

190,078

Cash at bank

793,939

871,875

1,269,283

1,061,953

CREDITORS

Amounts falling due within one year

6

249,454

261,570

NET CURRENT ASSETS

1,019,829

800,383

TOTAL ASSETS LESS CURRENT LIABILITIES

4,285,818

3,921,516

PROVISIONS FOR LIABILITIES

284,152

189,757

NET ASSETS

4,001,666

3,731,759

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Capital redemption reserve

950

950

Fair value reserve

7

991,495

930,321

Retained earnings

2,999,221

2,790,488

SHAREHOLDERS' FUNDS

4,001,666

3,731,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 and authorised for issue on 28 April 2022 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 14 (2020 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Leasehold

and

property

property

fittings

£

£

£

COST OR VALUATION

At 1 January 2021

185,400

2,889,650

419,807

Additions

-

-

3,042

Revaluations

7,048

150,330

-

At 31 December 2021

192,448

3,039,980

422,849

DEPRECIATION

At 1 January 2021

-

-

380,730

Charge for year

-

-

13,899

At 31 December 2021

-

-

394,629

NET BOOK VALUE

At 31 December 2021

192,448

3,039,980

28,220

At 31 December 2020

185,400

2,889,650

39,077

Motor

Computer

vehicles

software

Totals

£

£

£

COST OR VALUATION

At 1 January 2021

14,050

193,293

3,702,200

Additions

-

500

3,542

Revaluations

-

-

157,378

At 31 December 2021

14,050

193,793

3,863,120

DEPRECIATION

At 1 January 2021

10,157

190,180

581,067

Charge for year

973

1,192

16,064

At 31 December 2021

11,130

191,372

597,131

NET BOOK VALUE

At 31 December 2021

2,920

2,421

3,265,989

At 31 December 2020

3,893

3,113

3,121,133

Cost or valuation at 31 December 2021 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

-

-

Valuation in 2020

-

60,650

-

Valuation in 2021

7,048

150,330

-

Cost

143,182

1,821,492

422,849

192,448

3,039,980

422,849

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

Valuation in 2020

-

-

60,650

Valuation in 2021

-

-

157,378

Cost

14,050

193,793

2,595,366

14,050

193,793

3,863,120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

135,932

153,620

Other debtors

302,950

-

Prepayments

36,462

36,458

475,344

190,078

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

12,680

16,108

Tax

99,540

99,990

Social security and other taxes

3,509

3,491

VAT

59,480

60,373

Other creditors

60,862

65,348

Directors' current accounts

175

175

Accrued expenses

13,208

16,085

249,454

261,570

7.

RESERVES

Fair

value

reserve

£

At 1 January 2021

930,321

Revaluation

157,378

Deferred tax

(96,204

)

At 31 December 2021

991,495

8.	RELATED PARTY DISCLOSURES

During the year the company received management charges totalling £20,388 (2020: £25,076), rental income totalling £33,000 (2020: £33,000) and Forklift rental totalling £1,235 (2020: £440) from Elkens Storage and Distribution, of which the directors are partners.

Storage rent of £15,000 (2020: £18,000) and shredding services of £13,000 (2020: £10,750) were also paid to Elkens Storage and Distribution during the year.

These transactions were made under normal commercial terms.