Evolution MRO Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08373814 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 24 JANUARY 2013 TO 30 JUNE 2014

FOR

EVOLUTION MRO LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T M Bridges

P Oram

REGISTERED OFFICE:

c/o North British Tapes, Locomotion Way

Camperdown Industrial Estate

Killingworth

Newcastle upon Tyne

NE12 5US

REGISTERED NUMBER:

08373814 (England and Wales)

ACCOUNTANTS:

Robson Laidler LLP

Fernwood House

Fernwood Road

Jesmond

Newcastle upon Tyne

NE2 1TJ

FIXED ASSETS

Tangible assets

2

90,252

CURRENT ASSETS

Stocks

70,919

Debtors

497,298

Cash at bank

84,299

652,516

CREDITORS

Amounts falling due within one year

3

585,021

NET CURRENT ASSETS

67,495

TOTAL ASSETS LESS CURRENT LIABILITIES

157,747

CREDITORS

Amounts falling due after more than one year

3

(92,487

)

PROVISIONS FOR LIABILITIES

(3,358

)

NET ASSETS

61,902

CAPITAL AND RESERVES

Called up share capital

4

50,000

Profit and loss account

11,902

SHAREHOLDERS' FUNDS

61,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 October 2014 and were signed on its behalf by:

T M Bridges - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which, in the opinion of the directors, is

the appropriate basis. The directors have considered a period of 12 months from the date of approval of the

financial statements.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover represents net invoiced sales of goods, excluding value added tax, recognised when the goods are

despatched to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% straight line and not provided

Motor vehicles

-

25% straight line

Computer equipment

-

25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date. No discounting has been applied to the deferred tax liability.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Grant income

Grants relating to expenditure on tangible assets are credited to the profit and loss account at the same rate as the

depreciation on the assets to which the grant relates. The amount shown in the balance sheet in respect of the

grants consists of the total grants received to date less the amount so far credited to profit.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

125,064

At 30 June 2014

125,064

DEPRECIATION

Charge for period

34,812

At 30 June 2014

34,812

NET BOOK VALUE

At 30 June 2014

90,252

3.

CREDITORS

Creditors include an amount of £ 275,980 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50,000

'A' ordinary

£1

50,000

The following shares were issued during the period for cash at par :

49,900 'A' ordinary shares of £1

5.	ULTIMATE PARENT COMPANY

NBT (Group) Limited is regarded by the directors as being the company's ultimate parent company.