IRIS Accounts Production v18.3.0.592 09194302 director 1.9.17 31.8.18 31.8.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure091943022017-08-31091943022018-08-31091943022017-09-012018-08-31091943022016-08-31091943022016-09-012017-08-31091943022017-08-3109194302ns15:EnglandWales2017-09-012018-08-3109194302ns14:PoundSterling2017-09-012018-08-3109194302ns10:Director12017-09-012018-08-3109194302ns10:PrivateLimitedCompanyLtd2017-09-012018-08-3109194302ns10:SmallEntities2017-09-012018-08-3109194302ns10:AuditExemptWithAccountantsReport2017-09-012018-08-3109194302ns10:SmallCompaniesRegimeForDirectorsReport2017-09-012018-08-3109194302ns10:SmallCompaniesRegimeForAccounts2017-09-012018-08-3109194302ns10:AbridgedAccounts2017-09-012018-08-3109194302ns10:RegisteredOffice2017-09-012018-08-3109194302ns5:CurrentFinancialInstruments2018-08-3109194302ns5:CurrentFinancialInstruments2017-08-3109194302ns5:Non-currentFinancialInstruments2018-08-3109194302ns5:Non-currentFinancialInstruments2017-08-3109194302ns5:ShareCapital2018-08-3109194302ns5:ShareCapital2017-08-3109194302ns5:RetainedEarningsAccumulatedLosses2018-08-3109194302ns5:RetainedEarningsAccumulatedLosses2017-08-3109194302ns5:FurnitureFittings2017-09-012018-08-3109194302ns5:MotorVehicles2017-09-012018-08-31


REGISTERED NUMBER: 09194302 (England and Wales)















Abridged Unaudited Financial Statements

For The Year Ended 31 August 2018

for

Evercom Technology Ltd

Evercom Technology Ltd (Registered number: 09194302)

Contents of the Financial Statements
For The Year Ended 31 August 2018










Page

Company Information 1

Chartered Certified Accountants' Report 2

Abridged Statement of Financial Position 3

Notes to the Financial Statements 5


Evercom Technology Ltd

Company Information
For The Year Ended 31 August 2018







DIRECTOR: Mrs D Spence





REGISTERED OFFICE: 161 Lancaster Road
Enfield
Middlesex
EN2 0JN





REGISTERED NUMBER: 09194302 (England and Wales)





ACCOUNTANTS: Lee Christian & Co Ltd
Chartered Certified Accountants
161 Lancaster Road
Enfield
Middlesex
EN2 0JN

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Evercom Technology Ltd


The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other
primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Evercom Technology Ltd for the year ended 31 August 2018 which comprise the Abridged
Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Evercom Technology Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Evercom Technology Ltd and state those matters that we have agreed to state to the director of Evercom Technology Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Evercom Technology Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Evercom Technology Ltd. You consider that Evercom Technology Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Evercom Technology Ltd. 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 statutory financial statements.






Lee Christian & Co Ltd
Chartered Certified Accountants
161 Lancaster Road
Enfield
Middlesex
EN2 0JN


13 November 2018

Evercom Technology Ltd (Registered number: 09194302)

Abridged Statement of Financial Position
31 August 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 262,814 103,250

CURRENT ASSETS
Inventories 19,638 9,628
Debtors 397,391 187,714
Cash at bank 13,608 37,285
430,637 234,627
CREDITORS
Amounts falling due within one year 497,297 197,743
NET CURRENT (LIABILITIES)/ASSETS (66,660 ) 36,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,154

140,134

CREDITORS
Amounts falling due after more than one
year

(50,588

)

(8,507

)

PROVISIONS FOR LIABILITIES (44,671 ) (18,549 )
NET ASSETS 100,895 113,078

CAPITAL AND RESERVES
Called up share capital 1,070 1,070
Retained earnings 99,825 112,008
SHAREHOLDERS' FUNDS 100,895 113,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Evercom Technology Ltd (Registered number: 09194302)

Abridged Statement of Financial Position - continued
31 August 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 13 November 2018 and were signed by:





Mrs D Spence - Director


Evercom Technology Ltd (Registered number: 09194302)

Notes to the Financial Statements
For The Year Ended 31 August 2018


1. STATUTORY INFORMATION

Evercom Technology Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and
the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or
receivable and represents amounts receivable for services rendered stated net of discounts, other sales taxes and
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in
circumstances indicate that the carrying value may not be recoverable.

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds
and the carrying amount of the asset and is recognised in the profit and loss account and included in the other
operating income.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis.
Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow
moving, obsolete or damaged stock where the net realisable value is less than cost.

Evercom Technology Ltd (Registered number: 09194302)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2018


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts and payable, loans from banks and other third parties, loans to
related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in profit and loss.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant, property and equipment are
reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of
possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value
in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable
amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is
recognised immediately in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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
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.

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.

Evercom Technology Ltd (Registered number: 09194302)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2018


3. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective
interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost
using the effective interest method.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense in the period in which they
are incurred.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to
terminate the employment of an employee or to provide termination benefits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 13 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 September 2017 161,898
Additions 225,266
At 31 August 2018 387,164
DEPRECIATION
At 1 September 2017 58,648
Charge for year 65,702
At 31 August 2018 124,350
NET BOOK VALUE
At 31 August 2018 262,814
At 31 August 2017 103,250

Evercom Technology Ltd (Registered number: 09194302)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2018


5. PROPERTY, PLANT AND EQUIPMENT - continued

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

Totals
£   
COST
At 1 September 2017 16,889
Additions 51,066
At 31 August 2018 67,955
DEPRECIATION
At 1 September 2017 3,378
Charge for year 12,915
At 31 August 2018 16,293
NET BOOK VALUE
At 31 August 2018 51,662
At 31 August 2017 13,511

6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 106,582 12,287

The loans in respect of hire purchase contracts are secured against the assets to which they relate.

7. LIABILITY LIMITATION AGREEMENT WITH THE ACCOUNTANT

The company has entered into a liability limitation agreement with the accountants Lee Christian & Co Limited
in respect of advice given and the preparation of any financial statements. The liability agreement strictly
restricts the liability of Lee Christian & Co Limited solely to the Evercom Technology Limited (the company)
and further restricts the liability of Lee Christian & Co Limited to the company in accordance with the Lee
Christian & Co Limited engagement letter and terms and conditions.