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Registered Number: 12286011
England & Northern Ireland

 

 

 

EVENDO LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 3,360,000    3,520,000 
3,360,000    3,520,000 
Current assets      
Debtors 4 947,539    956,940 
Cash at bank and in hand 116,425    1,288,108 
1,063,964    2,245,048 
Creditors: amount falling due within one year 5 (198,229)   (107,704)
Net current assets 865,735    2,137,344 
 
Total assets less current liabilities 4,225,735    5,657,344 
Net assets 4,225,735    5,657,344 
 

Capital and reserves
     
Called up share capital 4,638,068    4,638,068 
Share premium account 6 4,161,814    4,161,814 
Profit and loss account (4,574,147)   (3,142,538)
Shareholders' funds 4,225,735    5,657,344 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 September 2024 and were signed on its behalf by:


-------------------------------
Mr Kasper Kjaerbye Larsen
Director
1
General Information
EVENDO LTD is a private company, limited by shares, registered in England & Northern Ireland, registration number 12286011, registration address 1 Canada Square, 37th Floor, London, England, E14 5AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of years.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 January 2023 4,000,000    4,000,000 
Additions  
Disposals  
At 31 December 2023 4,000,000    4,000,000 
Amortisation
At 01 January 2023 480,000    480,000 
Charge for year 160,000    160,000 
On disposals  
At 31 December 2023 640,000    640,000 
Net book values
At 31 December 2023 3,360,000    3,360,000 
At 31 December 2022 3,520,000    3,520,000 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 233,020    184,729 
Prepayments & Accrued Income 7,650    7,261 
Director's current account 15,034    9,782 
255,704    201,772 

4.

Debtors: amounts falling due after one year

2023
£
  2022
£
Loan 691,835    755,168 
691,835    755,168 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 131,732    75,542 
Intercompany loan (1,390)   (1,416)
Payroll Liabilities 37,877    18,415 
VAT Suspense 30,010    11,703 
Directors' Current Accounts   3,460 
198,229    107,704 

6.

Share premium account

2023
£
  2022
£
Equity Share Premium b/fwd 4,161,814    3,067,161 
Equity Share Premium - New Issue   1,094,653 
4,161,814    4,161,814 

2