Registered number
10117226
Evolved HR Limited
Unaudited Filleted Accounts
30 April 2024
Evolved HR Limited
Registered number: 10117226
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,450 3,139
Current assets
Debtors 5 538 1,469
Cash at bank and in hand 18 3,735
556 5,204
Creditors: amounts falling due within one year 6 (6,914) (6,080)
Net current liabilities (6,358) (876)
Total assets less current liabilities (3,908) 2,263
Creditors: amounts falling due after more than one year 7 (3,024) (4,431)
Net liabilities (6,932) (2,168)
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,933) (2,169)
Shareholder's funds (6,932) (2,168)
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 her 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.
Suzanne Cullen
Director
Approved by the board on 15 October 2024
Evolved HR Limited
Notes to the Accounts
for the year ended 30 April 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).
2 Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 3,281 3,500 6,781
At 30 April 2024 3,281 3,500 6,781
Depreciation
At 1 May 2023 2,942 700 3,642
Charge for the year 339 350 689
At 30 April 2024 3,281 1,050 4,331
Net book value
At 30 April 2024 - 2,450 2,450
At 30 April 2023 339 2,800 3,139
5 Debtors 2024 2023
£ £
Trade debtors 538 1,469
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,248 2,236
Taxation and social security costs (461) (461)
Other creditors 5,127 4,305
6,914 6,080
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,024 4,431
8 Other information
Evolved HR Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Ty Newydd Dan Y Fron
Abercrave
Swansea
Wales
SA9 1XX
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