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Registration number: 08557248

Evolve House And Grounds Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Evolve House And Grounds Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Evolve House And Grounds Limited

(Registration number: 08557248)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,791

5,504

Current assets

 

Stocks

5

24,065

19,287

Debtors

6

123,003

60,021

Cash at bank and in hand

 

-

3,911

 

147,068

83,219

Creditors: Amounts falling due within one year

7

(82,461)

(44,993)

Net current assets

 

64,607

38,226

Total assets less current liabilities

 

68,398

43,730

Creditors: Amounts falling due after more than one year

7

(67,753)

(42,363)

Net assets

 

645

1,367

Capital and reserves

 

Called up share capital

2

2

Retained earnings

643

1,365

Shareholders' funds

 

645

1,367

 

Evolve House And Grounds Limited

(Registration number: 08557248)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 February 2025 and signed on its behalf by:
 

.........................................
P Boardman
Director

 

Evolve House And Grounds Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31A Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

Motor vehicles

25% straight line basis

Fixtures and fittings

25% straight line basis

 

Evolve House And Grounds Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2023 - 3).

 

Evolve House And Grounds Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

1,787

18,042

19,829

At 30 June 2024

1,787

18,042

19,829

Depreciation

At 1 July 2023

1,531

12,793

14,324

Charge for the year

(36)

1,750

1,714

At 30 June 2024

1,495

14,543

16,038

Carrying amount

At 30 June 2024

292

3,499

3,791

At 30 June 2023

256

5,248

5,504

5

Stocks

2024
£

2023
£

Work in progress

-

18,287

Other inventories

24,065

1,000

24,065

19,287

6

Debtors

Current

2024
£

2023
£

Trade debtors

16,227

600

Other debtors

106,776

59,421

 

123,003

60,021

 

Evolve House And Grounds Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

57,437

6,914

Trade creditors

 

20,733

4,158

Taxation and social security

 

1,681

31,592

Other creditors

 

2,610

2,329

 

82,461

44,993

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

67,753

42,363

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

13,698

6,299

Bank overdrafts

43,739

615

57,437

6,914

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

67,753

42,363

 

Evolve House And Grounds Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

9

Related party transactions

Summary of transactions with key management

2024

At 1 July 2023
£

Advances to director
£

At 30 June 2024
£

P Boardman

Director loan account

29,563

22,868

52,431

JP Dowdell

Director loan account

29,630

22,668

52,298

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

P Boardman

Director loan account

10,018

29,563

(10,018)

29,563

JP Dowdell

Director loan account

9,286

29,630

(9,286)

29,630