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Unaudited Financial Statements |
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for the Year Ended 31 January 2022 |
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for |
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EVOLVE COMPUTERS LTD |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 January 2022 |
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for |
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EVOLVE COMPUTERS LTD |
EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177) |
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Contents of the Financial Statements |
for the year ended 31 January 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 6 |
EVOLVE COMPUTERS LTD |
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Company Information |
for the year ended 31 January 2022 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177) |
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Balance Sheet |
31 January 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
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Current assets |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
8 |
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Net assets |
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Capital and reserves |
Called up share capital | 9 |
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Retained earnings | 10 |
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Shareholders' funds |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177) |
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Notes to the Financial Statements |
for the year ended 31 January 2022 |
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1. | Statutory information |
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Evolve Computers Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Aissela, 46 High Street, Esher, Surrey, KT10 9QY |
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2. | Statement of compliance |
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These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'. |
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3. | Accounting policies |
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Basis of preparation |
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. |
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The financial statements are prepared in sterling, which is the functional currency of the entity. |
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Judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
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Revenue recognition |
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Turnover represents the consideration receivable for goods supplied and services rendered, stated net of Value Added Tax. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177) |
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Notes to the Financial Statements - continued |
for the year ended 31 January 2022 |
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3. | Accounting policies - continued |
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Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
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Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
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Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
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Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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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. |
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4. | Employees and directors |
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The average number of employees during the year was
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5. | Tangible fixed assets |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
Cost |
At 1 February 2021 |
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Additions |
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At 31 January 2022 |
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Depreciation |
At 1 February 2021 |
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Charge for year |
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At 31 January 2022 |
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Net book value |
At 31 January 2022 |
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At 31 January 2021 |
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6. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
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Prepayments and accrued income |
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EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177) |
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Notes to the Financial Statements - continued |
for the year ended 31 January 2022 |
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7. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 23,538 | 45,913 |
Other creditors |
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Directors' current accounts | 2,663 | 6,629 |
Accrued expenses |
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8. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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9. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | 1 | 100 | 100 |
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10. | Reserves |
Retained |
earnings |
£ |
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At 1 February 2021 |
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Profit for the year |
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Dividends | ( |
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At 31 January 2022 |
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Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Evolve Computers Ltd |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and loss account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Evolve Computers Ltd for the year ended 31 January 2022 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Evolve Computers Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Evolve Computers Ltd and state those matters that we have agreed to state to the director of Evolve Computers Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evolve Computers Ltd and its director for our work or for this report. |
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It is your duty to ensure that Evolve Computers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Evolve Computers Ltd. You consider that Evolve Computers Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Evolve Computers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
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