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REGISTERED NUMBER: 05692111 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EV ACCOUNTANTS LIMITED

EV ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05692111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EV ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: B Mistry
C Kapadia





SECRETARY: M Mistry





REGISTERED OFFICE: Unit 201, Second Floor
Metroline House
118-122 College Road
Harrow
Middlesex
HA1 1BQ





REGISTERED NUMBER: 05692111 (England and Wales)





ACCOUNTANTS: EV Accountants Limited
Chartered Accountants
Unit 201, Second Floor
Metroline House
118-122 College Road
Harrow
Middlesex
HA1 1BQ

EV ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05692111)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,472 53,026
Investments 5 705,100 705,100
760,572 758,126

CURRENT ASSETS
Debtors 6 473,974 335,305
Cash at bank and in hand 127,170 230,616
601,144 565,921
CREDITORS
Amounts falling due within one year 7 676,200 659,026
NET CURRENT LIABILITIES (75,056 ) (93,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,516

665,021

CREDITORS
Amounts falling due after more than one
year

8

177,845

337,970
NET ASSETS 507,671 327,051

CAPITAL AND RESERVES
Called up share capital 10 250 250
Retained earnings 507,421 326,801
SHAREHOLDERS' FUNDS 507,671 327,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:




B Mistry - Director


EV ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05692111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

EV Accountants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EV ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05692111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,148 36,011 37,765 74,924
Additions - 7,083 14,762 21,845
At 31 March 2024 1,148 43,094 52,527 96,769
DEPRECIATION
At 1 April 2023 143 8,903 12,852 21,898
Charge for year 287 9,670 9,442 19,399
At 31 March 2024 430 18,573 22,294 41,297
NET BOOK VALUE
At 31 March 2024 718 24,521 30,233 55,472
At 31 March 2023 1,005 27,108 24,913 53,026

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 705,100
NET BOOK VALUE
At 31 March 2024 705,100
At 31 March 2023 705,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 216,879 166,797
Other debtors 257,095 168,508
473,974 335,305

EV ACCOUNTANTS LIMITED (REGISTERED NUMBER: 05692111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,125 10,125
Trade creditors 81,199 51,479
Taxation and social security 325,750 127,030
Other creditors 259,126 470,392
676,200 659,026

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 27,845 37,970
Other creditors 150,000 300,000
177,845 337,970

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 37,970 48,095

The bank loan is secured by a fixed and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:Class:Nominal 20242023
value:££
100Ordinary£1100100
100A Ordinary£1100100
30B Ordinary£13030
20C Ordinary£12020
250250


11. RELATED PARTY DISCLOSURES

There were no transactions with related parties which required disclosure under FRS 102, Section 1A.

12. ULTIMATE CONTROLLING PARTY

The company was under the control of the director, B Mistry throughout the current and previous year by virtue of his majority shareholding in the company.