Registered number
11439891
Evolving Projects Limited
Unaudited Filleted Accounts
31 July 2023
Evolving Projects Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Balance sheet 4
Notes to the accounts 5
Evolving Projects Limited
Company Information
Director
Mr K Allen
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
37a Titchfield Road
Stubbington
Hampshire
PO14 2JH
Registered number
11439891
Evolving Projects Limited
Registered number: 11439891
Director's Report
The director presents his report and accounts for the year ended 31 July 2023.
Principal activities
The company's principal activity during the year was that of a project manager.
Directors
The following persons served as directors during the year:
Mr K Allen
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 24 March 2024 and signed on its behalf.
Mr K Allen
Director
Evolving Projects Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Evolving Projects Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Evolving Projects Limited for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Balance Sheet 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
15 April 2024
Evolving Projects Limited
Registered number: 11439891
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,838 -
Current assets
Debtors 4 20,757 20,160
Cash at bank and in hand 18,422 30,454
39,179 50,614
Creditors: amounts falling due within one year 5 (19,891) (26,792)
Net current assets 19,288 23,822
Total assets less current liabilities 21,126 23,822
Provisions for liabilities (349) -
Net assets 20,777 23,822
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,776 23,821
Shareholder's funds 20,777 23,822
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Allen
Director
Approved by the board on 24 March 2024
Evolving Projects Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 2,298
At 31 July 2023 2,298
Depreciation
Charge for the year 460
At 31 July 2023 460
Net book value
At 31 July 2023 1,838
4 Debtors 2023 2022
£ £
Trade debtors 20,757 20,160
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 14,019 19,667
Other creditors 5,872 7,125
19,891 26,792
6 Other information
Evolving Projects Limited is a private company limited by shares and incorporated in England. Its registered office is:
37a Titchfield Road
Stubbington
Hampshire
PO14 2JH
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