2 6 January 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,581 1,973 522 2,495 2,086 2,608 xbrli:pure xbrli:shares iso4217:GBP 08924337 2023-04-01 2024-03-31 08924337 2024-03-31 08924337 2023-03-31 08924337 2022-04-01 2023-03-31 08924337 2023-03-31 08924337 2022-03-31 08924337 bus:Director1 2023-04-01 2024-03-31 08924337 core:FurnitureFittings 2023-03-31 08924337 core:FurnitureFittings 2024-03-31 08924337 core:WithinOneYear 2024-03-31 08924337 core:WithinOneYear 2023-03-31 08924337 core:ShareCapital 2024-03-31 08924337 core:ShareCapital 2023-03-31 08924337 core:RetainedEarningsAccumulatedLosses 2024-03-31 08924337 core:RetainedEarningsAccumulatedLosses 2023-03-31 08924337 core:FurnitureFittings 2023-04-01 2024-03-31 08924337 core:FurnitureFittings 2023-03-31 08924337 bus:SmallEntities 2023-04-01 2024-03-31 08924337 bus:Audited 2023-04-01 2024-03-31 08924337 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08924337 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08924337 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 08924337
Evo Meco Ltd
Filleted Financial Statements
31 March 2024
Evo Meco Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
2,086
2,608
Current assets
Debtors
6
161,012
502,848
Cash at bank and in hand
125,722
4,658
---------
---------
286,734
507,506
Creditors: amounts falling due within one year
7
220,986
427,421
---------
---------
Net current assets
65,748
80,085
--------
--------
Total assets less current liabilities
67,834
82,693
--------
--------
Net assets
67,834
82,693
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
67,734
82,593
--------
--------
Shareholders funds
67,834
82,693
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 6 January 2025 , and are signed on behalf of the board by:
Mr A Puri
Director
Company registration number: 08924337
Evo Meco Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Redbridge Lane East, Ilford, Essex, IG4 5ET.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the provision of services is recognised at the time of rendering the service.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20 % reducing balance basis
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2023 and 31 March 2024
4,581
4,581
-------
-------
Depreciation
At 1 April 2023
1,973
1,973
Charge for the year
522
522
-------
-------
At 31 March 2024
2,495
2,495
-------
-------
Carrying amount
At 31 March 2024
2,086
2,086
-------
-------
At 31 March 2023
2,608
2,608
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
154,853
96,822
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,446
390,563
Other debtors
713
15,463
---------
---------
161,012
502,848
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
21,362
18,017
Amounts owed to group undertakings and undertakings in which the company has a participating interest
167,949
191,605
Corporation tax
13,117
13,085
Social security and other taxes
9,372
10,086
Other creditors
9,186
194,628
---------
---------
220,986
427,421
---------
---------
8. Summary audit opinion
The auditor's report dated 6 January 2025 was unqualified .
The senior statutory auditor was Rajnikant Patel , for and on behalf of Rawi & Co Associates Ltd .
9. Controlling party
The company is a subsidiary of Meco Maitha Limited , a company incorporated in England. Mr A and Mrs M Puri are the ultimate controlling party by virtue of their controlling interest (100%) of the issued share capital of Meco Maitha Limited.