REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 JULY 2015 TO 31 DECEMBER 2016 |
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EVOLUTION PANELS & DOORS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 JULY 2015 TO 31 DECEMBER 2016 |
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FOR |
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EVOLUTION PANELS & DOORS LIMITED |
EVOLUTION PANELS & DOORS LIMITED (REGISTERED NUMBER: 06275978) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2015 TO 31 DECEMBER 2016 |
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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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EVOLUTION PANELS & DOORS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 JULY 2015 TO 31 DECEMBER 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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EVOLUTION PANELS & DOORS LIMITED (REGISTERED NUMBER: 06275978) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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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 |
5 |
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( |
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PROVISIONS FOR LIABILITIES | 7 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Revaluation reserve | 9 |
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Profit and loss account | 9 | ( |
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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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The financial statements were approved by the director on
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EVOLUTION PANELS & DOORS LIMITED (REGISTERED NUMBER: 06275978) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2015 TO 31 DECEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by |
the revaluation of certain assets and in accordance with the Financial Reporting Standard for |
Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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2. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST OR VALUATION |
At 1 July 2015 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 July 2015 |
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Charge for period |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 30 June 2015 |
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Cost or valuation at 31 December 2016 is represented by: |
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Plant and |
machinery |
etc |
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Valuation in 2015 | 23,566 |
Cost | 34,176 |
57,742 |
EVOLUTION PANELS & DOORS LIMITED (REGISTERED NUMBER: 06275978) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2015 TO 31 DECEMBER 2016 |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors | 28,045 | 8,125 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Bank loans |
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Other creditors |
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6. | LOANS |
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An analysis of the maturity of loans is given below: |
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2016 | 2015 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
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Bank loans - less than 1 yr |
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4,679 | 8,079 |
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Amounts falling due between two and five years: |
Bank loans - 2-5 years |
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7. | PROVISIONS FOR LIABILITIES |
2016 | 2015 |
£ | £ |
Deferred taxation |
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Deferred |
tax |
£ |
Balance at 1 July 2015 |
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Provision movement | ( |
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Balance at 31 December 2016 |
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EVOLUTION PANELS & DOORS LIMITED (REGISTERED NUMBER: 06275978) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2015 TO 31 DECEMBER 2016 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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9. | RESERVES |
Profit |
and loss | Revaluation |
account | reserve | Totals |
£ | £ | £ |
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At 1 July 2015 | ( |
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Profit for the period |
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At 31 December 2016 | ( |
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10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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At the balance sheet date S.Shadbolt was owed £41,576 (2015: £23,118) by the company. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is the director, S Shadbolt. |
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12. | BAD DEBTS |
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During the year, debts to the value of £23,754 (2015 £3,671) have been declared not recoverable |
by the director. Due to this, the amounts in question have been written off to the profit and loss |
account as bad debts. . |