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REGISTERED NUMBER: 07117001 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

E-VATE LTD

E-VATE LTD (REGISTERED NUMBER: 07117001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E-VATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr C Harrison
Mr D Groves





REGISTERED OFFICE: First Floor Premises
Ruskin Chambers
3 Drury Lane
Knutsford
Cheshire
WA16 6HA





REGISTERED NUMBER: 07117001 (England and Wales)





ACCOUNTANTS: Michael Donnan & Co Limited
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP

E-VATE LTD (REGISTERED NUMBER: 07117001)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,554,311 1,594,035
Investments 5 87 87
1,554,398 1,594,122

CURRENT ASSETS
Debtors 6 899,879 983,011
Cash at bank and in hand 4,434,308 3,279,104
5,334,187 4,262,115
CREDITORS
Amounts falling due within one year 7 1,726,810 739,798
NET CURRENT ASSETS 3,607,377 3,522,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,161,775

5,116,439

PROVISIONS FOR LIABILITIES 8,001 12,001
NET ASSETS 5,153,774 5,104,438

CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Retained earnings 9 5,150,774 5,101,438
SHAREHOLDERS' FUNDS 5,153,774 5,104,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

E-VATE LTD (REGISTERED NUMBER: 07117001)

BALANCE SHEET - continued
30 JUNE 2024


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 19 March 2025 and were signed on its behalf by:





Mr C Harrison - Director


E-VATE LTD (REGISTERED NUMBER: 07117001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

E-vate Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Transactions are rounded to the nearest £.

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.

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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.


E-VATE LTD (REGISTERED NUMBER: 07117001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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 25 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 1,632,856 31,450 193,020 97,677 1,955,003
Additions - 5,874 - 6,426 12,300
Disposals - (28,673 ) - (54,297 ) (82,970 )
At 30 June 2024 1,632,856 8,651 193,020 49,806 1,884,333
DEPRECIATION
At 1 July 2023 84,364 29,967 173,696 72,941 360,968
Charge for year 32,657 1,539 4,831 12,997 52,024
Eliminated on disposal - (28,673 ) - (54,297 ) (82,970 )
At 30 June 2024 117,021 2,833 178,527 31,641 330,022
NET BOOK VALUE
At 30 June 2024 1,515,835 5,818 14,493 18,165 1,554,311
At 30 June 2023 1,548,492 1,483 19,324 24,736 1,594,035

E-VATE LTD (REGISTERED NUMBER: 07117001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 87
NET BOOK VALUE
At 30 June 2024 87
At 30 June 2023 87

The company's investments at the Balance Sheet date in the share capital of companies include the following:

E-VATE (IRELAND) LIMITED
Registered office: RBK House, Irishtown, Athlone, Westmeath, Ireland
Nature of business: Medical communications.
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 713,767 (12,245 )
Profit/(loss) for the year 725,748 (12,333 )

The above values are translated from corresponding Euro values at the subsidiary's financial year end 31 December 2023 (2022 - as at 31 December 2022).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 809,210 513,342
Other debtors 6,875 3,700
Due from associated company - 238,647
VAT - 12,260
Prepayments and accrued income 83,794 215,062
899,879 983,011

E-VATE LTD (REGISTERED NUMBER: 07117001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 34,423 18,103
Amounts owed to group undertakings 732,367 298,931
Tax 27,952 65,766
Social security and other taxes 57,172 64,501
Due to associated company 504,603 -
VAT 716 -
Other creditors 13,825 9,302
Directors' current accounts 12,099 133,885
Deferred income 307,424 118,424
Accrued expenses 36,229 30,886
1,726,810 739,798

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
3,000 Ordinary £1 3,000 3,000

9. RESERVES
Retained
earnings
£   

At 1 July 2023 5,101,438
Profit for the year 49,336
At 30 June 2024 5,150,774

E-VATE LTD (REGISTERED NUMBER: 07117001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. RELATED PARTY DISCLOSURES

Emerse Health Ltd

In the year ended 30 June 2024, services totalling £574,940 (2023: £344,911) were provided to Emerse Health Ltd, an associated company through common controlling shareholders.

At the year end, a creditor balance of £504,603 (2023: debtor £238,647) is owed to Emerse Health Ltd which is disclosed as a creditor due to associated company. The creditor balance is interest free and repayable on demand.

E-Vate (Ireland) Limited

On 3 October 2022, the shares of E-Vate (Ireland) Limited were purchased. The wholly owned subsidiary company is disclosed in the Fixed Asset Investments Note to the accounts.

In the year ended 30 June 2024, services totalling £620,402 (2023: £425,745) were provided by E-Vate (Ireland) Limited.

At the year end, a creditor balance of £732,367 (2023: £298,931) is owed to E-Vate (Ireland) Limited. The creditor balance is interest free and repayable on demand.