Evabuild Limited - Limited company accounts 23.2
Evabuild Limited - Limited company accounts 23.2
| REGISTERED NUMBER: |
| Strategic Report, Report of the Directors and |
| Financial Statements |
| for the Year Ended 30 June 2023 |
| for |
| Evabuild Limited |
| Evabuild Limited (Registered number: 07627090) |
| Contents of the Financial Statements |
| for the year ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Strategic Report | 3 |
| Report of the Directors | 5 |
| Report of the Independent Auditors | 7 |
| Statement of Comprehensive Income | 11 |
| Balance Sheet | 12 |
| Statement of Changes in Equity | 13 |
| Cash Flow Statement | 14 |
| Notes to the Cash Flow Statement | 15 |
| Notes to the Financial Statements | 17 |
| Evabuild Limited |
| Company Information |
| for the year ended 30 June 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| Evabuild Limited |
| Company Information |
| for the year ended 30 June 2023 |
| AUDITORS: |
| Chartered Accountants and Statutory Auditor |
| Emstrey House |
| Shrewsbury Business Park |
| Shrewsbury |
| Shropshire |
| SY2 6LG |
| Evabuild Limited (Registered number: 07627090) |
| Strategic Report |
| for the year ended 30 June 2023 |
| The directors present their strategic report for the year ended 30 June 2023. |
| FAIR REVIEW OF THE BUSINESS |
| The past financial year has been one of high growth of circa 10% on the previous year. This has arisen due to our strengthening relationships with our key clients who, like us, are growing themselves. The financial size of projects undertaken continues to grow, just as modular building continues to be chosen as the preferred option for many new contracts in our core markets. |
| In line with the continued growth the company has successfully recruited key members into the company. This has happened alongside the internal promotion of staff members to fulfil a more robust management structure to support the larger contracts. |
| The company moved into their new offices at the Ladywell Business Centre at the end of the previous financial year. This was a landmark move that had been in the planning for four years and brought all office staff together into a bespoke designed space. |
| Considering the continuing economic uncertainties, the company is confident of maintaining the current annual turnover next year with the potential to increase it by up to 10%. |
| The Directors are satisfied with both the gross and net profits return in what has been an extremely challenging year with many external economic influences making trading very difficult. |
| Evabuild Limited (Registered number: 07627090) |
| Strategic Report |
| for the year ended 30 June 2023 |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| The principal risks and uncertainties are predominantly external market factors which affect the global market price of materials and the current ongoing global recession. |
| The board is satisfied that it acted swiftly in amending working practices and policies to minimise the financial effect on the company as much as possible. |
| During the current period, material shortages and their significant inflationary price rates have caused the company challenges at times, however the board are satisfied that these were well managed and overcome. |
| The company is in a good financial position to ensure it can maintain sufficient work levels to meet demand. |
| Key performance indicators |
| 2023 | 2022 | Change (% | ) |
| Turnover (£) | 15,940,791 | 14,506,140 | + 9.9% |
| Gross profit (£) | 6,600,701 | 5,307,868 | + 24.4% |
| Profit before tax (£) | 2,363,673 | 1,835,635 | + 28.77% |
| ON BEHALF OF THE BOARD: |
| Evabuild Limited (Registered number: 07627090) |
| Report of the Directors |
| for the year ended 30 June 2023 |
| The directors present their report with the financial statements of the company for the year ended 30 June 2023. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of building contractors. |
| DIVIDENDS |
| Interim dividends of £380 and £340 per share have been paid in the year. The directors recommend that no final dividends be paid. |
| The total distribution of dividends for the year ended 30 June 2023 will be £364,000. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report. |
| Other changes in directors holding office are as follows: |
| CHARITABLE DONATIONS |
| During the year the company has made charitable donations of £10,610 (2022: £940). This represents a number of small donations for local charitable businesses and events. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| Evabuild Limited (Registered number: 07627090) |
| Report of the Directors |
| for the year ended 30 June 2023 |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
| ON BEHALF OF THE BOARD: |
| Report of the Independent Auditors to the Members of |
| Evabuild Limited |
| Opinion |
| We have audited the financial statements of Evabuild Limited (the 'company') for the year ended 30 June 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the company's affairs as at 30 June 2023 and of its profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
| Report of the Independent Auditors to the Members of |
| Evabuild Limited |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on pages five and six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
| Report of the Independent Auditors to the Members of |
| Evabuild Limited |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: |
| - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities, and skills to identify or recognize non-compliance with applicable laws and regulations; and |
| - we identified the laws and regulations applicable to the company through discussion with directors and other senior management, and from our commercial knowledge of the construction sector |
| - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection and employment; and |
| - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |
| - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |
| We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: |
| - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected, and alleged fraud; and |
| - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |
| To address the risk of fraud through management bias and override of controls, we: |
| - performed analytical procedures to identify any unusual or unexpected relationships. |
| - tested journal entries to identify unusual transactions. |
| - assessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative of potential bias; and |
| - investigated the rationale behind significant or unusual transactions. |
| In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: |
| - agreeing financial statement disclosures to underlying supporting documentation. |
| - enquiring of management as to actual and potential litigation and claims; and |
| - reviewing correspondence with HMRC, relevant regulators and the company's legal advisors. |
| There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. |
| Report of the Independent Auditors to the Members of |
| Evabuild Limited |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Chartered Accountants and Statutory Auditor |
| Emstrey House |
| Shrewsbury Business Park |
| Shrewsbury |
| Shropshire |
| SY2 6LG |
| Evabuild Limited (Registered number: 07627090) |
| Statement of Comprehensive |
| Income |
| for the year ended 30 June 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| TURNOVER | 3 |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 2,306,131 | 1,818,128 |
| Other operating income |
| OPERATING PROFIT | 5 |
| Interest receivable and similar income |
| 2,368,696 | 1,836,793 |
| Interest payable and similar expenses | 7 |
| PROFIT BEFORE TAXATION |
| Tax on profit | 8 |
| PROFIT FOR THE FINANCIAL YEAR |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| Evabuild Limited (Registered number: 07627090) |
| Balance Sheet |
| 30 June 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 10 |
| CURRENT ASSETS |
| Stocks | 11 |
| Debtors | 12 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 13 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
14 |
( |
) |
| PROVISIONS FOR LIABILITIES | 16 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 17 |
| Share premium | 18 |
| Retained earnings | 18 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Evabuild Limited (Registered number: 07627090) |
| Statement of Changes in Equity |
| for the year ended 30 June 2023 |
| Called up |
| share | Retained | Share | Total |
| capital | earnings | premium | equity |
| £ | £ | £ | £ |
| Balance at 1 July 2021 |
| Changes in equity |
| Dividends | - | ( |
) | - | ( |
) |
| Total comprehensive income | - | - |
| Balance at 30 June 2022 |
| Changes in equity |
| Issue of share capital | - |
| Dividends | - | ( |
) | - | ( |
) |
| Total comprehensive income | - | - |
| Balance at 30 June 2023 |
| Evabuild Limited (Registered number: 07627090) |
| Cash Flow Statement |
| for the year ended 30 June 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 |
| Interest element of hire purchase payments paid |
( |
) |
( |
) |
| Tax paid | ( |
) | ( |
) |
| Net cash from operating activities |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | ( |
) | ( |
) |
| Sale of tangible fixed assets |
| Repayments of loans | ( |
) | ( |
) |
| Interest received |
| Net cash from investing activities | ( |
) | ( |
) |
| Cash flows from financing activities |
| Intercompany transactions | 889,118 | (822,869 | ) |
| Capital repayments in year | ( |
) |
| Amount withdrawn by directors | (50,616 | ) | - |
| Share issue |
| Share premium |
| Equity dividends paid | ( |
) | ( |
) |
| Net cash from financing activities | ( |
) |
| Increase/(decrease) in cash and cash equivalents | ( |
) |
| Cash and cash equivalents at beginning of year |
2 |
2,020,953 |
| Cash and cash equivalents at end of year | 2 | 2,672,730 | 1,426,006 |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Cash Flow Statement |
| for the year ended 30 June 2023 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| 2023 | 2022 |
| £ | £ |
| Profit before taxation |
| Depreciation charges |
| Profit on disposal of fixed assets | ( |
) | ( |
) |
| Government grants | ( |
) |
| Finance costs | 5,023 | 1,158 |
| Finance income | (41,623 | ) | (8,194 | ) |
| 2,372,790 | 1,901,512 |
| (Increase)/decrease in stocks | ( |
) |
| Increase in trade and other debtors | ( |
) | ( |
) |
| (Decrease)/increase in trade and other creditors | ( |
) |
| Cash generated from operations |
| 2. | CASH AND CASH EQUIVALENTS |
| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
| Year ended 30 June 2023 |
| 30.6.23 | 1.7.22 |
| £ | £ |
| Cash and cash equivalents | 2,672,730 | 1,426,006 |
| Year ended 30 June 2022 |
| 30.6.22 | 1.7.21 |
| £ | £ |
| Cash and cash equivalents | 1,426,006 | 2,020,953 |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Cash Flow Statement |
| for the year ended 30 June 2023 |
| 3. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.7.22 | Cash flow | At 30.6.23 |
| £ | £ | £ |
| Net cash |
| Cash at bank and in hand | 1,426,006 | 1,246,724 | 2,672,730 |
| 1,426,006 | 2,672,730 |
| Debt |
| Finance leases | (94,400 | ) | 94,400 | - |
| (94,400 | ) | 94,400 | - |
| Total | 1,331,606 | 1,341,124 | 2,672,730 |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements |
| for the year ended 30 June 2023 |
| 1. | STATUTORY INFORMATION |
| Evabuild Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| At the time of approving the financial statements the directors are satisfied that the company has adequate resources available to continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis in preparing the financial statements. |
| Turnover |
| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. |
| When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. |
| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred in respect of the transaction can be measured reliably. |
| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to be extent of the expenses recognised that is probable will be recovered. |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Tangible fixed assets are initially measured at cost and subsequently measured at at cost or valuation, net of depreciation and any impairment losses. |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Financial instruments |
| The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. |
| Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss. |
| Financial assets are derecognised when (a) a contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party. |
| Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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. |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Construction contracts |
| Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable. |
| When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately. |
| Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not incurred in contract costs if the contract is obtained in a subsequent period. |
| The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, contract work in progress, prepayments or other assets depending on their nature, and provided it is probable they will be recovered. |
| 3. | TURNOVER |
| The turnover and profit before taxation are attributable to the one principal activity of the company. |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 4. | EMPLOYEES AND DIRECTORS |
| 2023 | 2022 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average number of employees during the year was as follows: |
| 2023 | 2022 |
| Directors and management | 5 | 5 |
| Office and sales | 13 | 15 |
| Site | 38 | 20 |
| 2023 | 2022 |
| £ | £ |
| Directors' remuneration |
| Information regarding the highest paid director is as follows: |
| 2023 | 2022 |
| £ | £ |
| Emoluments etc |
| 5. | OPERATING PROFIT |
| The operating profit is stated after charging/(crediting): |
| 2023 | 2022 |
| £ | £ |
| Hire of equipment |
| Other operating leases |
| Depreciation - owned assets |
| Profit on disposal of fixed assets | ( |
) | ( |
) |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 6. | AUDITORS' REMUNERATION |
| 2023 | 2022 |
| £ | £ |
| Fees payable to the company's auditors for the audit of the company's financial statements |
5,000 |
6,000 |
| 7. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 2023 | 2022 |
| £ | £ |
| Hire purchase interest |
| 8. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 2023 | 2022 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Deferred tax | ( |
) |
| Tax on profit |
| 9. | DIVIDENDS |
| 2023 | 2022 |
| £ | £ |
| Ordinary Shares shares of 0.001 each |
| Interim |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 10. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 July 2022 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 June 2023 |
| DEPRECIATION |
| At 1 July 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 June 2023 |
| NET BOOK VALUE |
| At 30 June 2023 |
| At 30 June 2022 |
| 11. | STOCKS |
| 2023 | 2022 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | 1,827,741 | 2,156,218 |
| Other debtors |
| Directors' current accounts | 441,224 | 574,188 |
| VAT |
| Prepayments and accrued income |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Hire purchase contracts (see note 15) |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Wages and salary control | - | 34,559 |
| Accruals and deferred income |
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Hire purchase contracts (see note 15) |
| 15. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2023 | 2022 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable | operating leases |
| 2023 | 2022 |
| £ | £ |
| Within one year |
| Between one and five years |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 16. | PROVISIONS FOR LIABILITIES |
| 2023 | 2022 |
| £ | £ |
| Deferred tax | 38,495 | 59,153 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2022 |
| Provided during year | ( |
) |
| Balance at 30 June 2023 |
| 17. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary Shares | 0.001 | 1,000 | 1,000 |
| Ordinary B Shares | 0.001 | 333 | - |
| 1,333 | 1,000 |
| During the year the company sub divided its share capital of 1,000 ordinary shares of £1 and created 1,000,000 ordinary shares of £0.001p. |
| 18. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 July 2022 | 6,609,155 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Cash share issue | - | 49,090 | 49,090 |
| At 30 June 2023 | 8,171,275 |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 19. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022: |
| 2023 | 2022 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Evabuild Limited (Registered number: 07627090) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 19. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Interest of £10,741 (2022: £7,827) has been charged on the directors advances during the year. Interest has been charged at 2.25% (2022: 2%). |
| 20. | RELATED PARTY DISCLOSURES |
| 2023 | 2022 |
| £ | £ |
| Sales |
| Purchases |
| Amount due from related party |
| Amount due to related party |