Evalu8 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05040918 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2019

FOR

EVALU8 LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J C Frier

Mr S A Frier

REGISTERED OFFICE:

180 Piccadilly

London

W1J 9HF

REGISTERED NUMBER:

05040918 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy

24 Park Road South

Havant

Hampshire

PO9 1HB

FIXED ASSETS

Intangible assets

4

3,412

5,537

Tangible assets

5

-

314

3,412

5,851

CURRENT ASSETS

Debtors

6

75,005

58,736

Cash at bank

339

17,095

75,344

75,831

CREDITORS

Amounts falling due within one year

7

13,776

9,832

NET CURRENT ASSETS

61,568

65,999

TOTAL ASSETS LESS CURRENT LIABILITIES

64,980

71,850

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

64,880

71,750

SHAREHOLDERS' FUNDS

64,980

71,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2019 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26th March 2020 and were signed on its behalf by:

Mrs J C Frier - Director

1.	STATUTORY INFORMATION

Evalu8 Limited 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 (£).

All figures are rounded to the nearest pound (£).

The financial statements contain information about Evalu8 Limited as an individual company.

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 represents the value of services and products provided, excluding value added tax.

Income in respect of the provision of access to the company's online products is recognised upon the raising of

an invoice, which is the point at which the company has met it's obligations in providing the services and

products that it is contractually obliged to provide.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if

appropriate.

Financial instruments

Financial instruments are recognised in line with Sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, are initially recognised at transaction price, unless they

constitute a financing arrangement, when the transaction is measured at the present value of the future receipts/

payments discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using

the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st July 2018

96,148

Additions

2,600

At 30th June 2019

98,748

AMORTISATION

At 1st July 2018

90,611

Charge for year

4,725

At 30th June 2019

95,336

NET BOOK VALUE

At 30th June 2019

3,412

At 30th June 2018

5,537

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2018

6,916

Disposals

(1,615

)

At 30th June 2019

5,301

DEPRECIATION

At 1st July 2018

6,602

Charge for year

315

Eliminated on disposal

(1,616

)

At 30th June 2019

5,301

NET BOOK VALUE

At 30th June 2019

-

At 30th June 2018

314

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

17,138

-

Other debtors

57,867

58,736

75,005

58,736

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

742

-

Trade creditors

1,858

1,763

Taxation and social security

7,821

5,498

Other creditors

3,355

2,571

13,776

9,832

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2019 and

30th June 2018:

2019

2018

£

£

Mrs J C Frier

Balance outstanding at start of year

45,561

45,425

Amounts advanced

1,965

4,136

Amounts repaid

(2,000

)

(4,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

45,526

45,561