Acorah Software Products - Accounts Production 14.5.601 false true false 1 May 2023 30 April 2024 30 April 2024 14775228 Mr Jonathan Grace iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14775228 2023-04-30 14775228 2024-04-30 14775228 2023-05-01 2024-04-30 14775228 frs-core:CurrentFinancialInstruments 2024-04-30 14775228 frs-core:ShareCapital 2024-04-30 14775228 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 14775228 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14775228 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 14775228 frs-bus:SmallEntities 2023-05-01 2024-04-30 14775228 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14775228 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14775228 frs-bus:Director1 2023-05-01 2024-04-30 14775228 frs-bus:Director1 2023-04-30 14775228 frs-bus:Director1 2024-04-30 14775228 frs-countries:EnglandWales 2023-05-01 2024-04-30
Registered number: 14775228
Evolve Psychology Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
TaxAssist Accountants
TaxAssist Accountants
1 Sundorne Avenue
Shrewsbury
Shropshire
SY1 4JW
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 14775228
2024
Notes £ £
CURRENT ASSETS
Debtors 3 69,743
Cash at bank and in hand 613
70,356
Creditors: Amounts Falling Due Within One Year 4 (16,988 )
NET CURRENT ASSETS (LIABILITIES) 53,368
TOTAL ASSETS LESS CURRENT LIABILITIES 53,368
NET ASSETS 53,368
CAPITAL AND RESERVES
Called up share capital 5 10
Income Statement 53,358
SHAREHOLDERS' FUNDS 53,368
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Jonathan Grace
Director
8th August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
3. Debtors
2024
£
Due within one year
Trade debtors 57,785
Director's loan account 11,958
69,743
4. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 3,039
Corporation tax 13,744
Accruals and deferred income 205
16,988
5. Share Capital
2024
£
Allotted, Called up and fully paid 10
Page 2
Page 3
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Jonathan Grace - (23,864 ) 11,906 - 11,958
The above loan is unsecured, interest free and repayable on demand.
7. General Information
Evolve Psychology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14775228 . The registered office is 2 Kenwood Gardens, Shrewsbury, SY38AG.
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