IRIS Accounts Production v24.1.0.578 OC366508 designated member 1.8.22 31.7.23 31.7.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3665082022-07-31OC3665082023-07-31OC3665082022-08-012023-07-31OC3665082021-07-31OC3665082021-08-012022-07-31OC3665082022-07-31OC366508ns15:EnglandWales2022-08-012023-07-31OC366508ns14:PoundSterling2022-08-012023-07-31OC366508ns10:Director12022-08-012023-07-31OC366508ns10:LimitedLiabilityPartnershipLLP2022-08-012023-07-31OC366508ns10:SmallEntities2022-08-012023-07-31OC366508ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31OC366508ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-31OC366508ns10:LimitedLiabilityPartnershipsSORP2022-08-012023-07-31OC366508ns10:AbridgedAccounts2022-08-012023-07-31OC366508ns5:CurrentFinancialInstruments2023-07-31OC366508ns5:CurrentFinancialInstruments2022-07-31OC366508ns10:RegisteredOffice2022-08-012023-07-31OC366508ns5:PlantMachinery2022-08-012023-07-31OC366508ns5:FurnitureFittings2022-08-012023-07-31OC366508ns5:MotorVehicles2022-08-012023-07-31OC366508ns5:ComputerEquipment2022-08-012023-07-31
REGISTERED NUMBER: OC366508 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st July 2023

for

Evolution Internet Marketing LLP

Evolution Internet Marketing LLP (Registered number: OC366508)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Evolution Internet Marketing LLP (Registered number: OC366508)

Abridged Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 138,124 31,122
Investments 6 256,745 254,081
394,869 285,203

CURRENT ASSETS
Debtors 27,931 3,687
Cash at bank 50,658 94,891
78,589 98,578
CREDITORS
Amounts falling due within one year 53,444 5,889
NET CURRENT ASSETS 25,145 92,689
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

420,014

377,892

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

420,014

377,892

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 420,014 377,892

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st July 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Evolution Internet Marketing LLP (Registered number: OC366508)

Abridged Balance Sheet - continued
31st July 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 16th April 2024 and were signed by:





Mr. G Brown - Designated member

Evolution Internet Marketing LLP (Registered number: OC366508)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Evolution Internet Marketing LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC366508

Registered office: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the rendering of marketing services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, 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 when specific criteria have been met for each of the company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

4. EMPLOYEE INFORMATION

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

Evolution Internet Marketing LLP (Registered number: OC366508)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2022 109,336
Additions 148,170
At 31st July 2023 257,506
DEPRECIATION
At 1st August 2022 78,214
Charge for year 41,168
At 31st July 2023 119,382
NET BOOK VALUE
At 31st July 2023 138,124
At 31st July 2022 31,122

6. FIXED ASSET INVESTMENTS

The balance held within Fixed Asset Investment represents the unlisted investment held by the LLP as at the balance sheet date.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 420,014 377,892

Falling due within one year 420,014 377,892

The balances shown above would rank below unsecured creditors from the proceeds of a winding-up of the LLP.

8. ULTIMATE CONTROLLING PARTY

During the year, the ultimate controlling party was Mr G Brown by virtue of his control of the designated members.