Evans Bros Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04320729 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 May 2021

for

Evans Bros Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

H D Evans

G H Evans

R C Blades

SECRETARY:

H D Evans

REGISTERED OFFICE:

8 Clover Park

Cloverfield

Hinckley

Leicestershire

LE10 1YD

REGISTERED NUMBER:

04320729 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 May 2021 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 May 2021 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

25 November 2021

FIXED ASSETS

Tangible assets

4

4,947

29,647

Investments

5

2,000

2,000

6,947

31,647

CURRENT ASSETS

Stocks

218,704

4,192,542

Debtors

6

3,067,391

1,881,040

Cash at bank and in hand

466,742

425,576

3,752,837

6,499,158

CREDITORS

Amounts falling due within one year

7

3,233,523

4,983,274

NET CURRENT ASSETS

519,314

1,515,884

TOTAL ASSETS LESS CURRENT LIABILITIES

526,261

1,547,531

CREDITORS

Amounts falling due after more than one year

8

-

(35,482

)

PROVISIONS FOR LIABILITIES

(24,086

)

(5,346

)

NET ASSETS

502,175

1,506,703

CAPITAL AND RESERVES

Called up share capital

10

2,000

2,000

Retained earnings

500,175

1,504,703

SHAREHOLDERS' FUNDS

502,175

1,506,703

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 November 2021 and were signed on its behalf by:

R C Blades - Director

1.	STATUTORY INFORMATION

Evans Bros 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.

Preparation of consolidated financial statements

The financial statements contain information about Evans Bros Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Property sales are recognised on legal completion of the sale.

Income from other building or electrical work is recognised on the completion of the job or at the completion of applicable stages. Total income for the year is derived from construction contracts as in previous years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance and at variable rates on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at fair value.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Costs on sites under development are only recognised as stock if they are incurred after the planning concent has been obtained and the actual commencement of development work on the site. Costs incurred prior to this, except for the actual acquisition of the site, are written off to the profit and loss account in the year in which they are incurred.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful economic lives. Those held under finance leases are depreciated over their useful economic lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2020

119,748

42,070

18,016

179,834

Disposals

(73,750

)

(2,200

)

-

(75,950

)

At 31 May 2021

45,998

39,870

18,016

103,884

DEPRECIATION

At 1 June 2020

96,641

37,714

15,832

150,187

Charge for year

65

1,038

546

1,649

Eliminated on disposal

(50,901

)

(1,998

)

-

(52,899

)

At 31 May 2021

45,805

36,754

16,378

98,937

NET BOOK VALUE

At 31 May 2021

193

3,116

1,638

4,947

At 31 May 2020

23,107

4,356

2,184

29,647

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 June 2020

and 31 May 2021

2,000

NET BOOK VALUE

At 31 May 2021

2,000

At 31 May 2020

2,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

112,827

206,278

Other debtors

1,153,558

20,719

Firm 22

1,777,751

1,599,040

VAT

22,682

55,003

Prepayments and accrued income

573

-

3,067,391

1,881,040

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade creditors

293,588

224,997

Amounts owed to group undertakings

646,284

895,334

Corporation tax

218,188

92,666

Social security and other taxes

3,587

13,544

Other creditors

500

1,026,095

Credit card

8,814

5,959

Directors' current accounts

1,815,150

2,536,818

Accruals and deferred income

247,412

187,861

3,233,523

4,983,274

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans - 2-5 years

-

35,482

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.21

31.5.20

£

£

Bank loans

-

35,482

The bank loan is secured against land currently held in work-in-progress.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

£

500

Ordinary

£1

500

500

1,500

Ordinary A

£1

1,500

1,500

2,000

2,000

11.	PARENT UNDERTAKING

The company is owned by Evans Leicester Limited.