Company Registration No. 9570569 (England and Wales)
Simply Evolve Ltd
Unaudited accounts
for the year ended 30 April 2024
Simply Evolve Ltd
Unaudited accounts
Contents
Simply Evolve Ltd
Company Information
for the year ended 30 April 2024
Directors
Paul Govind Baker
Timothy Charles Coghlan
Company Number
9570569 (England and Wales)
Registered Office
Tadcaster Enterprise Park, Commer House
Station Road
Tadcaster
LS24 9JF
Accountants
Tarrens Accountants Limited
11 Wheatsheaf Close
Ripon
HG4 2SH
Simply Evolve Ltd
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
74,650
103,369
Creditors: amounts falling due within one year
(17,225)
(26,777)
Net current assets
62,641
97,237
Called up share capital
3
3
Capital redemption reserve
2
2
Profit and loss account
63,950
97,318
Shareholders' funds
63,955
97,323
For the year ending 30 April 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 16 January 2025 and were signed on its behalf by
Paul Govind Baker
Director
Company Registration No. 9570569
Simply Evolve Ltd
Notes to the Accounts
for the year ended 30 April 2024
Simply Evolve Ltd is a private company, limited by shares, registered in England and Wales, registration number 9570569. The registered office is Tadcaster Enterprise Park, Commer House, Station Road, Tadcaster, LS24 9JF.
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.
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:
Fixtures & fittings
33% straight line
Computer equipment
15% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The intangible asset is the goodwill paid when the business was acquired in 2015. It has been amortised evenly over its estimated useful life of two years.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Simply Evolve Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
1,927
23,495
25,422
At 30 April 2024
1,927
25,373
27,300
At 1 May 2023
1,927
23,409
25,336
Charge for the year
-
650
650
At 30 April 2024
1,927
24,059
25,986
At 30 April 2024
-
1,314
1,314
Amounts falling due within one year
Trade debtors
4,243
19,672
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,744
6,648
Taxes and social security
2,254
8,214
Loans from directors
2,508
625
Simply Evolve Ltd
Notes to the Accounts
for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).