Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false32The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.312022-04-01No description of principal activityfalsetrue 05119663 2022-04-01 2023-03-31 05119663 2021-04-01 2022-03-31 05119663 2023-03-31 05119663 2022-03-31 05119663 c:Director1 2022-04-01 2023-03-31 05119663 d:PlantMachinery 2022-04-01 2023-03-31 05119663 d:PlantMachinery 2023-03-31 05119663 d:PlantMachinery 2022-03-31 05119663 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05119663 d:MotorVehicles 2022-04-01 2023-03-31 05119663 d:MotorVehicles 2023-03-31 05119663 d:MotorVehicles 2022-03-31 05119663 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05119663 d:FurnitureFittings 2022-04-01 2023-03-31 05119663 d:FurnitureFittings 2023-03-31 05119663 d:FurnitureFittings 2022-03-31 05119663 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05119663 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05119663 d:Goodwill 2023-03-31 05119663 d:Goodwill 2022-03-31 05119663 d:CurrentFinancialInstruments 2023-03-31 05119663 d:CurrentFinancialInstruments 2022-03-31 05119663 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05119663 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05119663 d:ShareCapital 2023-03-31 05119663 d:ShareCapital 2022-03-31 05119663 d:RetainedEarningsAccumulatedLosses 2023-03-31 05119663 d:RetainedEarningsAccumulatedLosses 2022-03-31 05119663 c:FRS102 2022-04-01 2023-03-31 05119663 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05119663 c:FullAccounts 2022-04-01 2023-03-31 05119663 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05119663 2 2022-04-01 2023-03-31 05119663 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05119663









EVOKE SUPPLIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EVOKE SUPPLIES LIMITED
REGISTERED NUMBER: 05119663

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
15,881
23,463

Investments
 6 
1
1

  
15,882
23,464

Current assets
  

Stocks
  
192,674
164,787

Debtors: amounts falling due within one year
 7 
1,764,441
1,777,938

Cash at bank and in hand
  
950,019
717,825

  
2,907,134
2,660,550

Creditors: amounts falling due within one year
 8 
(1,838,170)
(1,868,179)

Net current assets
  
 
 
1,068,964
 
 
792,371

Total assets less current liabilities
  
1,084,846
815,835

  

Net assets
  
1,084,846
815,835


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
1,084,446
815,435

  
1,084,846
815,835


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Page 1

 
EVOKE SUPPLIES LIMITED
REGISTERED NUMBER: 05119663
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023




................................................
P Cooke
Director

Date: 14 March 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
EVOKE SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Evoke Supplies Limited is a company limited by shares incorporated in Englad within the United Kingdom. The address of the registered office is given in the company information on these accounts. The company's principal activity is that of the sale of engineering spares.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the mearest £.
The significant accounting policies applied in the preparation of these financiual statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
EVOKE SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
EVOKE SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
EVOKE SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
25%
Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.13

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.

 
2.14

Creditors

Short-term 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.

Page 6

 
EVOKE SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2022 - 32).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
293,500



At 31 March 2023

293,500



Amortisation


At 1 April 2022
293,500



At 31 March 2023

293,500



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 7

 
EVOKE SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2022
24,692
335,420
68,486
428,598


Additions
4,950
-
-
4,950


Disposals
-
(10,790)
-
(10,790)



At 31 March 2023

29,642
324,630
68,486
422,758



Depreciation


At 1 April 2022
12,469
324,954
67,712
405,135


Charge for the year on owned assets
3,435
8,323
774
12,532


Disposals
-
(10,790)
-
(10,790)



At 31 March 2023

15,904
322,487
68,486
406,877



Net book value



At 31 March 2023
13,738
2,143
-
15,881



At 31 March 2022
12,223
10,466
774
23,463


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
1



At 31 March 2023
1





7.


Debtors

2023
2022
£
£

Page 8

 
EVOKE SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.Debtors (continued)


Trade debtors
1,626,070
1,631,221

Other debtors
117,152
125,493

Prepayments and accrued income
21,219
21,224

1,764,441
1,777,938



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
1,258
1,114

Bank loans
73,529
103,079

Trade creditors
1,417,936
1,466,824

Corporation tax
140,887
125,938

Other taxation and social security
122,959
59,612

Other creditors
8,323
9,315

Accruals and deferred income
73,278
102,297

1,838,170
1,868,179


 
Page 9