Evolution in Technology Limited - Accounts to registrar (filleted) - small 18.2

Evolution in Technology Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05140282 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Evolution in Technology Limited

Evolution in Technology Limited (Registered number: 05140282)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Evolution in Technology Limited

Company Information
for the Year Ended 31 March 2020







DIRECTORS: Mr A N Percival
Mr J M Sykes





SECRETARY: Mr A N Percival





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 05140282 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Evolution in Technology Limited (Registered number: 05140282)

Balance Sheet
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,000 120,000
Tangible assets 5 2,974 3,966
122,974 123,966

CURRENT ASSETS
Debtors 6 18,010 7,385
Cash at bank 107,076 172,781
125,086 180,166
CREDITORS
Amounts falling due within one year 7 10,660 75,348
NET CURRENT ASSETS 114,426 104,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,400

228,784

CAPITAL AND RESERVES
Called up share capital 1,191 1,191
Share premium 115,000 115,000
Capital redemption reserve 100 100
Retained earnings 121,109 112,493
SHAREHOLDERS' FUNDS 237,400 228,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

Evolution in Technology Limited (Registered number: 05140282)

Balance Sheet - continued
31 March 2020


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2020 and
were signed on its behalf by:





Mr A N Percival - Director


Evolution in Technology Limited (Registered number: 05140282)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Evolution in Technology 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 nil years.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2019
and 31 March 2020 120,000
NET BOOK VALUE
At 31 March 2020 120,000
At 31 March 2019 120,000

Evolution in Technology Limited (Registered number: 05140282)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2019
and 31 March 2020 800 12,820 13,620
DEPRECIATION
At 1 April 2019 684 8,970 9,654
Charge for year 29 963 992
At 31 March 2020 713 9,933 10,646
NET BOOK VALUE
At 31 March 2020 87 2,887 2,974
At 31 March 2019 116 3,850 3,966

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 18,010 7,385

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade creditors 5,557 3,736
Tax 2,254 5,452
VAT 2,849 1,427
Inter Company Loan - 61,300
Accrued expenses - 3,433
10,660 75,348