Company Registration No. 06044923 (England and Wales)
EVEN FLOW WORLDWIDE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
EVEN FLOW WORLDWIDE LIMITED
COMPANY INFORMATION
Director
R D Featon
Company number
06044923
Registered office
Acre House
11-15 William Road
London
NW1 3ER
Accountants
HW Fisher LLP
Acre House
11-15 William Road
London
NW1 3ER
EVEN FLOW WORLDWIDE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
EVEN FLOW WORLDWIDE LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
296
395
Current assets
Debtors
4
36,900
37,348
Cash at bank and in hand
645
167
37,545
37,515
Creditors: amounts falling due within one year
5
(29,627)
(25,074)
Net current assets
7,918
12,441
Total assets less current liabilities
8,214
12,836
Creditors: amounts falling due after more than one year
6
(3,654)
(5,103)
Net assets
4,560
7,733
Capital and reserves
Called up share capital
7
1
7,501
Profit and loss reserves
4,559
232
Total equity
4,560
7,733

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 4 October 2023
R D Featon
Director
Company Registration No. 06044923
EVEN FLOW WORLDWIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

Even Flow Worldwide Limited is a private company limited by shares incorporated in England and Wales. The registered office is Acre House, 11-15 William Road, London, NW1 3ER.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents income earned as an agent for the sale of bathroom equipment and accessories

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.6
Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the tax currently payable.

EVEN FLOW WORLDWIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 February 2022 and 31 January 2023
553
Depreciation and impairment
At 1 February 2022
158
Depreciation charged in the year
99
At 31 January 2023
257
Carrying amount
At 31 January 2023
296
At 31 January 2022
395
EVEN FLOW WORLDWIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,551
Corporation tax recoverable
7,422
7,423
Amounts owed by entities under common control
2,000
4,750
Other debtors
27,478
23,624
36,900
37,348

Included in other debtors is an amount of £22,837 (2022: £22,839) which is due from the director of the company.

5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loan
1,450
1,450
Trade creditors
3,252
2,060
Corporation tax
22,157
19,889
Accruals
2,768
1,675
29,627
25,074
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loan
3,654
5,103
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
-
-
1
1
EVEN FLOW WORLDWIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
7
Called up share capital
(Continued)
- 5 -
2023
2022
2023
2022
Preference share capital
Number
Number
£
£
Issued and fully paid
20% Non-Cumulative Preference share of £1 each
7,500
7,500
-
-
Preference shares classified as equity
-
7,500
Preference shares classified as liabilities
-
(7,500)
-
-
Total equity share capital
1
7,501
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