Company Registration No. 8895838 (England and Wales)
Evolution Creations Wimbledon Limited
Unaudited accounts
for the year ended 29 February 2024
Evolution Creations Wimbledon Limited
Unaudited accounts
Contents
Evolution Creations Wimbledon Limited
Company Information
for the year ended 29 February 2024
Directors
Sean Rory Tilling
Patrick Martin Tilling
Company Number
8895838 (England and Wales)
Registered Office
29 BLACKWOOD CLOSE
WEST BYFLEET
SURREY
KT14 6PP
ENGLAND
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
Evolution Creations Wimbledon Limited
Statement of financial position
as at 29 February 2024
Tangible assets
9,879
9,103
Cash at bank and in hand
390,737
522,299
Creditors: amounts falling due within one year
(177,418)
(229,727)
Net current assets
415,822
372,867
Total assets less current liabilities
425,701
381,970
Provisions for liabilities
Deferred tax
(1,164)
(1,223)
Net assets
424,537
380,747
Called up share capital
4
4
Profit and loss account
424,533
380,743
Shareholders' funds
424,537
380,747
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by
Sean Rory Tilling
Director
Company Registration No. 8895838
Evolution Creations Wimbledon Limited
Notes to the Accounts
for the year ended 29 February 2024
Evolution Creations Wimbledon Limited is a private company, limited by shares, registered in England and Wales, registration number 8895838. The registered office is 29 BLACKWOOD CLOSE, WEST BYFLEET, SURREY, KT14 6PP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Evolution Creations Wimbledon Limited
Notes to the Accounts
for the year ended 29 February 2024
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
5,148
45,890
4,994
56,032
Additions
4,563
-
3,221
7,784
Disposals
-
(11,656)
-
(11,656)
At 29 February 2024
9,711
34,234
8,215
52,160
At 1 March 2023
4,997
38,352
3,580
46,929
Charge for the year
927
5,088
993
7,008
On disposals
-
(11,656)
-
(11,656)
At 29 February 2024
5,924
31,784
4,573
42,281
At 29 February 2024
3,787
2,450
3,642
9,879
At 28 February 2023
151
7,538
1,414
9,103
Amounts falling due within one year
Trade debtors
122,614
80,295
Accrued income and prepayments
69,897
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
50,545
64,318
Taxes and social security
60,574
40,982
Loans from directors
112
23,771
Evolution Creations Wimbledon Limited
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1 B Ordinary of £1 each
1
1
1 C Ordinary of £1 each
1
1
1 D Ordinary of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).