Registered number
07521222
Marketing Evolved Ltd
Filleted Accounts
29 February 2024
Marketing Evolved Ltd
Registered number: 07521222
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,375 938
Current assets
Debtors 4 1,302 4,348
Cash at bank and in hand 14,959 6,003
16,261 10,351
Creditors: amounts falling due within one year 5 (11,449) (11,853)
Net current assets/(liabilities) 4,812 (1,502)
Net assets/(liabilities) 7,187 (564)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 6,187 (1,564)
Shareholders' funds 7,187 (564)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Jamie Griffin
Director
Approved by the board on 22 July 2024
Marketing Evolved Ltd
Notes to the Accounts
for the year ended 29 February 2024
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 4 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 1,250
Additions 2,332
At 29 February 2024 3,582
Depreciation
At 1 March 2023 312
Charge for the year 895
At 29 February 2024 1,207
Net book value
At 29 February 2024 2,375
At 28 February 2023 938
4 Debtors 2024 2023
£ £
Trade debtors 1,302 4,348
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 2,776
Taxation and social security costs 2,641 297
Other creditors 8,808 8,780
11,449 11,853
6 Other information
Marketing Evolved Ltd is a private company limited by shares and incorporated in England. Its registered office is:
33 Brantwood Drive
Paignton
Devon
TQ4 5HZ
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