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REGISTERED NUMBER: 10591766 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

EVOLVEYOU APP LIMITED
TRADING AS
EVOLVEYOU APP LIMITED

EVOLVEYOU APP LIMITED (REGISTERED NUMBER: 10591766)
TRADING AS EVOLVEYOU APP LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EVOLVEYOU APP LIMITED
TRADING AS EVOLVEYOU APP LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: Miss K Cela
J A E Bullimore





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 10591766 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

EVOLVEYOU APP LIMITED (REGISTERED NUMBER: 10591766)
TRADING AS EVOLVEYOU APP LIMITED

STATEMENT OF FINANCIAL POSITION
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,480 177,791
Investments 5 10 -
140,490 177,791

CURRENT ASSETS
Stocks 237,402 264,470
Debtors 6 1,199,216 1,105,086
Cash at bank and in hand 647,489 589,343
2,084,107 1,958,899
CREDITORS
Amounts falling due within one year 7 771,907 1,015,441
NET CURRENT ASSETS 1,312,200 943,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,452,690

1,121,249

PROVISIONS FOR LIABILITIES 10,281 6,141
NET ASSETS 1,442,409 1,115,108

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,442,309 1,115,008
1,442,409 1,115,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EVOLVEYOU APP LIMITED (REGISTERED NUMBER: 10591766)
TRADING AS EVOLVEYOU APP LIMITED

STATEMENT OF FINANCIAL POSITION - continued
31 July 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:





J A E Bullimore - Director


EVOLVEYOU APP LIMITED (REGISTERED NUMBER: 10591766)
TRADING AS EVOLVEYOU APP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

EvolveYou App Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 the Statement of Comprehensive Income.

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.


EVOLVEYOU APP LIMITED (REGISTERED NUMBER: 10591766)
TRADING AS EVOLVEYOU APP LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 273,665
Additions 7,644
At 31 July 2023 281,309
DEPRECIATION
At 1 August 2022 95,874
Charge for year 44,955
At 31 July 2023 140,829
NET BOOK VALUE
At 31 July 2023 140,480
At 31 July 2022 177,791

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 10
At 31 July 2023 10
NET BOOK VALUE
At 31 July 2023 10

EVOLVEYOU APP LIMITED (REGISTERED NUMBER: 10591766)
TRADING AS EVOLVEYOU APP LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 679,895 603,394
Amounts owed by group undertakings 160,236 -
Other debtors 359,085 501,692
1,199,216 1,105,086

Included within other debtors are prepayment of £39,299 (July 2022 : £71,632)

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 197,035 115,390
Moss VAT - 56,366
Trade creditors 345,305 696,920
Taxation and social security 50,261 98,306
Other creditors 179,306 48,459
771,907 1,015,441

Included within other creditors are accrued expenses of £50,489 (July 2022: £22,246)

8. RESERVES
Retained
earnings
£   

At 1 August 2022 1,115,008
Profit for the year 428,301
Dividends (101,000 )
At 31 July 2023 1,442,309

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 July 2023 and the period ended 31 July 2022:

31.7.23 31.7.22
£    £   
Miss K Cela
Balance outstanding at start of year 27,500 120,963
Amounts advanced 37,870 6,537
Amounts repaid (37,870 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,500 27,500

EVOLVEYOU APP LIMITED (REGISTERED NUMBER: 10591766)
TRADING AS EVOLVEYOU APP LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J A E Bullimore
Balance outstanding at start of year 66,360 99,584
Amounts advanced 64,366 66,776
Amounts repaid (64,366 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,360 66,360

Included within amount advanced an interest of £2,131 (July 2022: £625) charged at HMRC prescribed rate of 2.00% on overdrawn loan balance. All balances are repayable on demand and personally guaranteed by directors.