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Registered number: 12761209
Emvolve Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Spicer & Co UK Limited
Chartered Accountants
Staple House
5 Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12761209
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,974 2,938
1,974 2,938
CURRENT ASSETS
Debtors 5 140,706 152,966
Cash at bank and in hand 47,831 27,996
188,537 180,962
Creditors: Amounts Falling Due Within One Year 6 (109,932 ) (119,549 )
NET CURRENT ASSETS (LIABILITIES) 78,605 61,413
TOTAL ASSETS LESS CURRENT LIABILITIES 80,579 64,351
NET ASSETS 80,579 64,351
CAPITAL AND RESERVES
Called up share capital 7 300 300
Profit and Loss Account 80,279 64,051
SHAREHOLDERS' FUNDS 80,579 64,351
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For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Walker
Director
12/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Emvolve Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12761209 . The registered office is 6 The Courtyard, Riverside West, Wooburn Green, High Wycombe, England, HP10 0DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 4 years
2.5. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 3,856
As at 31 December 2024 3,856
Depreciation
As at 1 January 2024 918
Provided during the period 964
As at 31 December 2024 1,882
Net Book Value
As at 31 December 2024 1,974
As at 1 January 2024 2,938
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 118,550 110,987
Other debtors 22,156 41,979
140,706 152,966
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,245 61,675
Amounts owed to group undertakings 12,647 19,850
Other creditors 31,583 16,877
Taxation and social security 16,457 21,147
109,932 119,549
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Peter Walker 150 778 - - 928
The above loan is unsecured, interest free and repayable on demand.
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9. Reserves
Profit and Loss Account
The Profit and Loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholder. This is a distributable reserve.
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