Registered number
13309662
Evolution PT Bournemouth Ltd
Filleted Accounts
31 March 2024
Evolution PT Bournemouth Ltd
Registered number: 13309662
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 36,900 38,950
Tangible assets 4 15,154 17,828
52,054 56,778
Current assets
Debtors 5 25,964 -
Creditors: amounts falling due within one year 6 (24,066) (10,352)
Net current assets/(liabilities) 1,898 (10,352)
Net assets 53,952 46,426
Capital and reserves
Called up share capital 100 100
Share premium 44,000 44,000
Profit and loss account 9,852 2,326
Shareholder's funds 53,952 46,426
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
James Udall
Director
Approved by the board on 20 September 2024
Evolution PT Bournemouth Ltd
Notes to the Accounts
for the year ended 31 March 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected remaining life, which is 20 years.
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:
Plant and machinery 15% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 41,000
At 31 March 2024 41,000
Amortisation
At 1 April 2023 2,050
Provided during the year 2,050
At 31 March 2024 4,100
Net book value
At 31 March 2024 36,900
At 31 March 2023 38,950
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 20,974
At 31 March 2024 20,974
Depreciation
At 1 April 2023 3,146
Charge for the year 2,674
At 31 March 2024 5,820
Net book value
At 31 March 2024 15,154
At 31 March 2023 17,828
5 Debtors 2024 2023
£ £
Other debtors 25,964 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Directors loan account - 820
Corporation Tax 22,866 8,332
Taxation and social security costs - -
Other creditors 1,200 1,200
24,066 10,352
7 Directors' transactions 2024
£
Opening balance (820)
Amounts advanced 67,784
Amounts repaid (41,000)
Closing balance 25,964
8 Other information
Evolution PT Bournemouth Ltd is a private company limited by shares and incorporated in England.
25 Ophir Road
Bournemouth
BH8 8LT
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