Evroad Limited 01791918 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Recording studio and allied sales Digita Accounts Production Advanced 6.30.9574.0 true 01791918 2023-04-01 2024-03-31 01791918 2024-03-31 01791918 bus:OrdinaryShareClass1 2024-03-31 01791918 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01791918 core:FurnitureFittingsToolsEquipment 2024-03-31 01791918 core:LandBuildings 2024-03-31 01791918 bus:SmallEntities 2023-04-01 2024-03-31 01791918 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01791918 bus:FilletedAccounts 2023-04-01 2024-03-31 01791918 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01791918 bus:RegisteredOffice 2023-04-01 2024-03-31 01791918 bus:Director1 2023-04-01 2024-03-31 01791918 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 01791918 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01791918 core:PlantMachinery 2023-04-01 2024-03-31 01791918 countries:England 2023-04-01 2024-03-31 01791918 2023-03-31 01791918 core:FurnitureFittingsToolsEquipment 2023-03-31 01791918 core:LandBuildings 2023-03-31 01791918 2022-04-01 2023-03-31 01791918 2023-03-31 01791918 bus:OrdinaryShareClass1 2023-03-31 01791918 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01791918 core:FurnitureFittingsToolsEquipment 2023-03-31 01791918 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01791918

Evroad Limited

trading as Meadow Farm Studio

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Evroad Limited

trading as Meadow Farm Studio

(Registration number: 01791918)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

25,743

27,205

Current assets

 

Cash at bank and in hand

 

-

237

Creditors: Amounts falling due within one year

5

(25,445)

(26,201)

Net current liabilities

 

(25,445)

(25,964)

Net assets

 

298

1,241

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

296

1,239

Shareholders' funds

 

298

1,241

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 November 2024 and signed on its behalf by:
 

.........................................
S M Field
Director

 

Evroad Limited

trading as Meadow Farm Studio

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Meadow Farm Studio
Bridle Lane
Lower Hartshay
Nr Ripley
Derbyshire
DE5 3RQ

These financial statements were authorised for issue by the Board on 24 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Evroad Limited

trading as Meadow Farm Studio

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

25,743

-

25,743

At 31 March 2024

25,743

-

25,743

Depreciation

Carrying amount

At 31 March 2024

25,743

-

25,743

At 31 March 2023

25,743

1,462

27,205

Included within the net book value of land and buildings above is £25,743 (2023 - £25,743) in respect of freehold land and buildings.
 

 

Evroad Limited

trading as Meadow Farm Studio

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

-

485

Other creditors

25,445

25,716

25,445

26,201

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2