Evalyn Charles Limited |
Notes to the Accounts |
for the period from 14 April 2023 to 30 April 2024 |
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1 |
Accounting policies |
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Turnover |
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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. |
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Debtors |
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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. |
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Creditors |
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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. |
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2 |
Employees |
2024 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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Additions |
6,000 |
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At 30 April 2024 |
6,000 |
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Amortisation |
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At 30 April 2024 |
- |
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Net book value |
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At 30 April 2024 |
6,000 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
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4 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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Additions |
5,286 |
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At 30 April 2024 |
5,286 |
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Depreciation |
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Charge for the period |
1,057 |
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At 30 April 2024 |
1,057 |
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Net book value |
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At 30 April 2024 |
4,229 |
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5 |
Debtors |
2024 |
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£ |
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Other debtors |
1,000 |
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6 |
Creditors: amounts falling due within one year |
2024 |
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£ |
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Accruals |
1,020 |
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Director's account |
10,419 |
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11,439 |
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7 |
Other information |
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Evalyn Charles Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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20 Rainbow Street |
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Oldham |
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Lancashire |
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OL2 5NB |