Evitavonni Collections Limited 11870236 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Retail sale of textiles Digita Accounts Production Advanced 6.30.9574.0 true true 11870236 2022-04-01 2023-03-31 11870236 2023-03-31 11870236 core:RetainedEarningsAccumulatedLosses 2023-03-31 11870236 core:ShareCapital 2023-03-31 11870236 core:CurrentFinancialInstruments 2023-03-31 11870236 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11870236 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11870236 core:PlantMachinery 2023-03-31 11870236 bus:SmallEntities 2022-04-01 2023-03-31 11870236 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11870236 bus:FullAccounts 2022-04-01 2023-03-31 11870236 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11870236 bus:RegisteredOffice 2022-04-01 2023-03-31 11870236 bus:Director1 2022-04-01 2023-03-31 11870236 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11870236 core:PlantMachinery 2022-04-01 2023-03-31 11870236 countries:EnglandWales 2022-04-01 2023-03-31 11870236 2021-04-01 2022-03-31 11870236 2022-03-31 11870236 core:RetainedEarningsAccumulatedLosses 2022-03-31 11870236 core:ShareCapital 2022-03-31 11870236 core:CurrentFinancialInstruments 2022-03-31 11870236 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11870236 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 11870236

Evitavonni Collections Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2023

 

Evitavonni Collections Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Evitavonni Collections Limited

(Registration number: 11870236)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

11,106

-

Current assets

 

Stocks

5

143,229

112,853

Debtors

6

5,708

13,642

Cash at bank and in hand

 

104,777

101,212

 

253,714

227,707

Creditors: Amounts falling due within one year

7

(117,118)

(112,264)

Net current assets

 

136,596

115,443

Total assets less current liabilities

 

147,702

115,443

Creditors: Amounts falling due after more than one year

7

(2,056)

(316,435)

Net assets/(liabilities)

 

145,646

(200,992)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

145,546

(201,092)

Shareholders' funds/(deficit)

 

145,646

(200,992)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 8 March 2024 and signed on its behalf by:
 

 

Evitavonni Collections Limited

(Registration number: 11870236)
Statement of Financial Position as at 31 March 2023

.........................................
M R Erwich
Director

 

Evitavonni Collections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Westwood Barn Westwood Lane, Normandy, Guildford, Surrey, GU3 2JE. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis due to the support of the directors, who have access to external personal financing, and connected companies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Evitavonni Collections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

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 debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Evitavonni Collections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

11,106

11,106

At 31 March 2023

11,106

11,106

Depreciation

Carrying amount

At 31 March 2023

11,106

11,106

5

Stocks

2023
£

2022
£

Finished goods and goods for resale

-

4,500

Other inventories

143,229

108,353

143,229

112,853

 

Evitavonni Collections Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

2023
£

2022
£

Trade debtors

-

9,964

Other debtors

5,708

3,678

5,708

13,642

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

23,161

54,518

Taxation and social security

3,277

2,711

Accruals and deferred income

15,665

8,212

Other creditors

75,015

46,823

117,118

112,264

Creditors: amounts falling due after more than one year

2023
£

2022
£

Other non-current financial liabilities

2,056

316,435


Other non-current liabilites are due to participating interests with settlement in 2 to 5 years.

8

Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the directors and connected companies.