Registered number: 06792404 | ||||||||
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FOR THE YEAR ENDED 28/02/2021 | ||||||||
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Prepared By: | ||||||||
Greenhalgh Johnson Ltd | ||||||||
Accountants and Tax Advisers | ||||||||
22 High Street | ||||||||
Burgh le Marsh | ||||||||
Skegness | ||||||||
Lincolnshire | ||||||||
PE24 5JT |
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J R Evison Engineering & Construction Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2021 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Lincolnshire | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06792404 | ||||||||
BANKERS | ||||||||
Lloyds TSB | ||||||||
ACCOUNTANTS | ||||||||
Greenhalgh Johnson Ltd | ||||||||
Accountants and Tax Advisers | ||||||||
22 High Street | ||||||||
Burgh le Marsh | ||||||||
Skegness | ||||||||
Lincolnshire | ||||||||
PE24 5JT |
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J R Evison Engineering & Construction Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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J R Evison Engineering & Construction Ltd | ||||||||
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BALANCE SHEET AT
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2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 4 |
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Cash at bank and in hand |
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26,154 | 8,984 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS / (LIABILITIES) |
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(9,013) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 6 | 32,305 | 9,608 | |||||||
NET LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Profit and loss account | (12,200) | (8,279) | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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J R Evison Engineering & Construction Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28/02/2021 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These financial statements have been prepared on the going concern basis. This may not be appropriate as the deficit on assets was £12,200 (2020 - 8,279), however the Director continues to support the Company. |
1c. Depreciation | ||||||||
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Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
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J R Evison Engineering & Construction Ltd | ||||||||
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1e. Leasing Commitments | ||||||||
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Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis. |
1f. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||||
Plant and | Commercial | |||||
Machinery | Vehicles | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/03/2020 | 13,672 | 15,995 | 29,667 | |||
Additions | 2,225 | - | 2,225 | |||
At 28/02/2021 | 15,897 | 15,995 | 31,892 | |||
Depreciation | ||||||
At 01/03/2020 | 12,326 | 6,998 | 19,324 | |||
For the year | 893 | 2,249 | 3,142 | |||
At 28/02/2021 | 13,219 | 9,247 | 22,466 | |||
Net Book Amounts | ||||||
At 28/02/2021 |
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9,426 | |||
At 29/02/2020 |
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10,343 | |||
3. STOCK | 2021 | 2020 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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Work in progress |
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J R Evison Engineering & Construction Ltd | ||||||||
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4. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 536 | - | ||||||
PAYE control | - | 3,866 | ||||||
536 | 3,866 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
VAT | 1,766 | 320 | ||||||
Directors current account | 5,745 | 2,635 | ||||||
Bank loans and overdrafts | - | 9,635 | ||||||
Bank Loan | 2,232 | - | ||||||
Hire purchase | 3,412 | 3,506 | ||||||
Accruals | 2,319 | 1,901 | ||||||
15,474 | 17,997 | |||||||
Included in creditors falling due within one year is a conditional sale agreement of £3,506 (2018: £2,974) which is secured by the company against the asset to which it relates. | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Loans >1yr | 25,768 | - | ||||||
Hire purchase >1yr | 6,537 | 9,608 | ||||||
32,305 | 9,608 | |||||||
Included in creditors falling due over one year is a conditional sale agreement of £9,608 (2019: £12,786) which is secured by the company against the asset to which it relates. | ||||||||
7. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees |
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1 | ||||
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J R Evison Engineering & Construction Ltd | ||||||||
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8. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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1 | 1 | ||||||
1 | 1 | |||||||
9. CONTROLLING PARTY | ||||||||
The Director is considered to be the ultimate controlling party by virtue of his ability to act in concert in respect of the operational and financial policies of the Company. | ||||||||