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 2020

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

3,121,133

3,066,307

CURRENT ASSETS

Debtors

5

190,078

168,851

Cash at bank

871,875

657,934

1,061,953

826,785

CREDITORS

Amounts falling due within one year

6

261,570

249,105

NET CURRENT ASSETS

800,383

577,680

TOTAL ASSETS LESS CURRENT LIABILITIES

3,921,516

3,643,987

PROVISIONS FOR LIABILITIES

189,757

178,320

NET ASSETS

3,731,759

3,465,667

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Capital redemption reserve

950

950

Fair value reserve

7

930,321

881,195

Retained earnings

2,790,488

2,573,522

SHAREHOLDERS' FUNDS

3,731,759

3,465,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 15 April 2021 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 (2019 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Leasehold

and

property

property

fittings

£

£

£

COST OR VALUATION

At 1 January 2020

185,400

2,829,000

406,256

Additions

-

-

13,551

Revaluations

-

60,650

-

At 31 December 2020

185,400

2,889,650

419,807

DEPRECIATION

At 1 January 2020

-

-

363,687

Charge for year

-

-

17,043

At 31 December 2020

-

-

380,730

NET BOOK VALUE

At 31 December 2020

185,400

2,889,650

39,077

At 31 December 2019

185,400

2,829,000

42,569

Motor

Computer

vehicles

software

Totals

£

£

£

COST OR VALUATION

At 1 January 2020

14,050

192,793

3,627,499

Additions

-

500

14,051

Revaluations

-

-

60,650

At 31 December 2020

14,050

193,293

3,702,200

DEPRECIATION

At 1 January 2020

8,859

188,646

561,192

Charge for year

1,298

1,534

19,875

At 31 December 2020

10,157

190,180

581,067

NET BOOK VALUE

At 31 December 2020

3,893

3,113

3,121,133

At 31 December 2019

5,191

4,147

3,066,307

Cost or valuation at 31 December 2020 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

-

Cost

143,182

1,821,492

419,807

185,400

2,889,650

419,807

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

Cost

14,050

193,293

2,591,824

14,050

193,293

3,702,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

153,620

139,874

Other debtors

-

1,500

Prepayments

36,458

27,477

190,078

168,851

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

16,108

19,505

Tax

99,990

109,171

Social security and other taxes

3,491

3,411

VAT

60,373

53,638

Other creditors

65,348

50,343

Directors' current accounts

175

175

Accrued expenses

16,085

12,862

261,570

249,105

7.

RESERVES

Fair

value

reserve

£

At 1 January 2020

881,195

Revaluation

60,650

Deferred tax

(11,524

)

At 31 December 2020

930,321

8.	RELATED PARTY DISCLOSURES

During the year the company received management charges totalling £25,076 (2019: £36,675), rental income totalling £33,000 (2019: £33,000) and Forklift rental totalling £440 (2019: £812) from Elkens Storage and Distribution, of which the directors are partners.

Storage rent of £18,000 (2019: £12,000) and shredding services of £10,750 (2019: £12,250) were also paid to Elkens Storage and Distribution during the year.

These transactions were made under normal commercial terms.