Registration number:
Evans & Glancey Ltd
for the Year Ended 31 May 2022
Evans & Glancey Ltd
(Registration number: 12622120)
Balance Sheet as at 31 May 2022
Note |
2022 |
(As restated) |
|
Current assets |
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Cash at bank and in hand |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
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Called up share capital |
2 |
2 |
|
Retained earnings |
(1,006) |
(260) |
|
Shareholders' deficit |
(1,004) |
(258) |
For the financial year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Evans & Glancey Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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 directors intend to maintain financial support until such time as the company is able to support itself. As such they believe the use of the going concern basis to be appropriate.
Prior period errors
The following prior year adjustments have been made:
i.) Share capital issued on incorporation has now been recognised in the financial statements.
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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Evans & Glancey Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022
Creditors |
Creditors: amounts falling due within one year
2022 |
(As restated) |
|
Due within one year |
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Other creditors |
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Related party transactions |
Other transactions with directors |
The directors had a loan account with the company during the year. At the balance sheet date the amount due to the directors was £408 (2021: £1,198).