Eveque Leisure Equipment Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01475034 (England and Wales)

Financial Statements

for the Year Ended 30 November 2020

for

Eveque Leisure Equipment Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T G Bunner

I J Bunner

SECRETARY:

T G Bunner

REGISTERED OFFICE:

Unit 11, Wincham Avenue

Northwich

Cheshire

CW9 6GB

REGISTERED NUMBER:

01475034 (England and Wales)

ACCOUNTANTS:

Z L Y & Co Limited

Chartered Certified Accountants

2nd Floor

28 Rodney Street

Liverpool

L1 2TQ

FIXED ASSETS

Tangible assets

4

88,530

141,398

CURRENT ASSETS

Stocks

413,428

387,606

Debtors

496,507

445,965

Cash at bank and in hand

207

228

910,142

833,799

CREDITORS

Amounts falling due within one year

733,610

654,505

NET CURRENT ASSETS

176,532

179,294

TOTAL ASSETS LESS CURRENT LIABILITIES

265,062

320,692

CREDITORS

Amounts falling due after more than one year

98,584

105,613

NET ASSETS

166,478

215,079

CAPITAL AND RESERVES

Called up share capital

3,350

3,350

Capital redemption reserve

1,650

1,650

Retained earnings

161,478

210,079

SHAREHOLDERS' FUNDS

166,478

215,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 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 Board of Directors and authorised for issue on 6 August 2021 and were signed on its behalf by:

T G Bunner - Director

1.	STATUTORY INFORMATION

Eveque Leisure Equipment 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.

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

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

Hire purchase and leasing commitments

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 lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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

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 31 (2019 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2019

423,296

Additions

6,646

At 30 November 2020

429,942

DEPRECIATION

At 1 December 2019

281,898

Charge for year

59,514

At 30 November 2020

341,412

NET BOOK VALUE

At 30 November 2020

88,530

At 30 November 2019

141,398

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

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2019

and 30 November 2020

81,133

55,388

4,510

141,031

DEPRECIATION

At 1 December 2019

29,317

16,224

3,007

48,548

Charge for year

8,113

18,444

1,503

28,060

At 30 November 2020

37,430

34,668

4,510

76,608

NET BOOK VALUE

At 30 November 2020

43,703

20,720

-

64,423

At 30 November 2019

51,816

39,164

1,503

92,483

5.	RELATED PARTY DISCLOSURES

The company is associated with Sportshall Associates Limited.

Funds are transferred between the companies by means of a current account, the balance of which was £29,508 (creditor) at the balance sheet date, (2019 - £32,136 debtor).

The company has a subsidiary-Eveque Canada Inc. Loans made to that company as shown in note 6 to the accounts at the balance sheet date amounted to £252,332 (2019 £252,332).