Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity2022-12-01false122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07479013 2022-12-01 2023-11-30 07479013 2021-06-01 2022-11-30 07479013 2023-11-30 07479013 2022-11-30 07479013 c:Director2 2022-12-01 2023-11-30 07479013 d:Buildings d:LongLeaseholdAssets 2022-12-01 2023-11-30 07479013 d:Buildings d:LongLeaseholdAssets 2023-11-30 07479013 d:Buildings d:LongLeaseholdAssets 2022-11-30 07479013 d:FurnitureFittings 2022-12-01 2023-11-30 07479013 d:FurnitureFittings 2023-11-30 07479013 d:FurnitureFittings 2022-11-30 07479013 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07479013 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 07479013 d:CurrentFinancialInstruments 2023-11-30 07479013 d:CurrentFinancialInstruments 2022-11-30 07479013 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07479013 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07479013 d:ShareCapital 2023-11-30 07479013 d:ShareCapital 2022-11-30 07479013 d:RetainedEarningsAccumulatedLosses 2023-11-30 07479013 d:RetainedEarningsAccumulatedLosses 2022-11-30 07479013 c:OrdinaryShareClass1 2022-12-01 2023-11-30 07479013 c:OrdinaryShareClass1 2023-11-30 07479013 c:FRS102 2022-12-01 2023-11-30 07479013 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07479013 c:FullAccounts 2022-12-01 2023-11-30 07479013 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07479013 d:WithinOneYear 2023-11-30 07479013 d:WithinOneYear 2022-11-30 07479013 d:BetweenOneFiveYears 2023-11-30 07479013 d:BetweenOneFiveYears 2022-11-30 07479013 d:MoreThanFiveYears 2023-11-30 07479013 d:MoreThanFiveYears 2022-11-30 07479013 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07479013










Evotech Systems Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 November 2023

 
Evotech Systems Ltd
Registered number: 07479013

Balance sheet
As at 30 November 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
71,354
47,133

  
71,354
47,133

Current assets
  

Stocks
  
16,222
16,222

Debtors: amounts falling due within one year
 5 
56,369
28,078

Cash at bank and in hand
  
5,984
3,162

  
78,575
47,462

Creditors: amounts falling due within one year
 6 
(704,069)
(320,778)

Net current liabilities
  
 
 
(625,494)
 
 
(273,316)

Total assets less current liabilities
  
(554,140)
(226,183)

  

Net liabilities
  
(554,140)
(226,183)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(554,240)
(226,283)

  
(554,140)
(226,183)


Page 1

 
Evotech Systems Ltd
Registered number: 07479013

Balance sheet (continued)
As at 30 November 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



P Singh
Director
Date: 29 November 2024


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Evotech Systems Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

1.


General information

Evotech Systems Ltd with registration number 07479013 is a private company limited by shares and is incorporated in England. The registered office address of the company is C/O Kreston Reeves Innovation House Ramsgate Road, Ramsgate Road, Sandwich, Kent, England, CT13 9FF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are rounded to the nearest pound.
The company's functional and presentational currency is Pounds Sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has a reasonable expectation that the company, supported by the associated companies of the directors, has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
Evotech Systems Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over life of the lease
Fixtures and fittings
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
Evotech Systems Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

2023
2022
£
£

Wages and salaries
120,778
37,099

Social security costs
5,452
2,203

Cost of defined contribution scheme
1,418
563

127,648
39,865


The average monthly number of employees, including directors, during the year was 12 (2022 - 2).

Page 5

 
Evotech Systems Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 December 2022
4,681
53,455
58,136


Additions
-
39,087
39,087



At 30 November 2023

4,681
92,542
97,223



Depreciation


At 1 December 2022
312
10,691
11,003


Charge for the year on owned assets
312
14,554
14,866



At 30 November 2023

624
25,245
25,869



Net book value



At 30 November 2023
4,057
67,297
71,354



At 30 November 2022
4,369
42,764
47,133


5.


Debtors

2023
2022
£
£


Other debtors
26,939
19,072

Prepayments and accrued income
29,430
9,006

56,369
28,078



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
139,720
56,614

Other taxation and social security
44,628
5,238

Other creditors
485,571
256,878

Accruals and deferred income
34,150
2,048

704,069
320,778


Page 6

 
Evotech Systems Ltd
 

 
Notes to the financial statements
For the year ended 30 November 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,418 (2022: £563). Contributions totalling £540 (2022: £NIL) were payable to the fund at the balance sheet date and are included within creditors.


9.


Commitments under operating leases

At 30 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
37,917
20,417

Later than 1 year and not later than 5 years
280,000
247,917

Later than 5 years
624,167
694,167

942,084
962,501


10.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.


11.


Controlling party

In the opinion of the director, there is no ultimate controlling party.


Page 7