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Company No: 06019186 (England and Wales)

EVERNOW PUBLISHING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

EVERNOW PUBLISHING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

EVERNOW PUBLISHING LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023
EVERNOW PUBLISHING LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 1,904 2,712
1,904 2,712
Current assets
Debtors 5 478 1,206
Cash at bank and in hand 2,085 1,936
2,563 3,142
Creditors: amounts falling due within one year 6 ( 82,916) ( 71,104)
Net current liabilities (80,353) (67,962)
Total assets less current liabilities (78,449) (65,250)
Net liabilities ( 78,449) ( 65,250)
Capital and reserves
Called-up share capital 7 124,439 124,439
Profit and loss account ( 202,888 ) ( 189,689 )
Total shareholders' deficit ( 78,449) ( 65,250)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Evernow Publishing Limited (registered number: 06019186) were approved and authorised for issue by the Director on 28 January 2025. They were signed on its behalf by:

Mrs V E Ellington
Director
EVERNOW PUBLISHING LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
EVERNOW PUBLISHING LIMITED

STATEMENT OF CHANGES IN EQUITY (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
Called-up share capital Profit and loss account Total
£ £ £
At 01 January 2022 124,439 ( 178,773) ( 54,334)
Loss for the financial year 0 ( 10,916) ( 10,916)
Total comprehensive loss 0 ( 10,916) ( 10,916)
At 31 December 2022 124,439 ( 189,689) ( 65,250)
At 01 January 2023 124,439 ( 189,689) ( 65,250)
Loss for the financial year 0 ( 13,200) ( 13,200)
Total comprehensive loss 0 ( 13,200) ( 13,200)
At 31 December 2023 124,439 ( 202,888) ( 78,449)
EVERNOW PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
EVERNOW PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Evernow Publishing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, United Kingdom.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The accounts have been drawn up on the going concern basis. The directors have stated that they will not require repayment of the loans (owed to them) until finances permit and will continue to support the company for at least the next twelve months.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademarks, patents and licences 10 years straight line
Website costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment 3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Trademarks, patents
and licences
Website costs Total
£ £ £
Cost
At 01 January 2023 8,078 1,500 9,578
At 31 December 2023 8,078 1,500 9,578
Accumulated amortisation
At 01 January 2023 5,366 1,500 6,866
Charge for the financial year 808 0 808
At 31 December 2023 6,174 1,500 7,674
Net book value
At 31 December 2023 1,904 0 1,904
At 31 December 2022 2,712 0 2,712

4. Tangible assets

Computer equipment Total
£ £
Cost
At 01 January 2023 8,883 8,883
At 31 December 2023 8,883 8,883
Accumulated depreciation
At 01 January 2023 8,883 8,883
At 31 December 2023 8,883 8,883
Net book value
At 31 December 2023 0 0
At 31 December 2022 0 0

5. Debtors

2023 2022
£ £
Trade debtors 0 611
Other debtors 478 595
478 1,206

6. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 1,825 1,800
Other creditors 81,091 69,304
82,916 71,104

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
124,439 Ordinary shares of £ 1.00 each 124,439 124,439

8. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Director and shareholder 63,994 17,097
Shareholder 17,097 52,207
81,091 69,304