Evolution in Technology Limited - Accounts to registrar (filleted) - small 22.3

Evolution in Technology Limited - Accounts to registrar (filleted) - small 22.3


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REGISTERED NUMBER: 05140282 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Evolution in Technology Limited

Evolution in Technology Limited (Registered number: 05140282)






Contents of the Financial Statements
for the Year Ended 31 March 2022




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 2022







DIRECTORS: Mr A N Percival
Mrs R J Percival





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 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,000 120,000
Tangible assets 5 1,673 2,231
121,673 122,231

CURRENT ASSETS
Debtors 6 3,366 3,360
Cash at bank 152,878 148,143
156,244 151,503
CREDITORS
Amounts falling due within one year 7 13,401 18,164
NET CURRENT ASSETS 142,843 133,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,516

255,570

CAPITAL AND RESERVES
Called up share capital 1,191 1,191
Share premium 115,000 115,000
Capital redemption reserve 100 100
Retained earnings 148,225 139,279
SHAREHOLDERS' FUNDS 264,516 255,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 2022


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 25 October 2022 and were signed on its behalf by:




Mr A N Percival - Director



Mrs R J Percival - Director


Evolution in Technology Limited (Registered number: 05140282)

Notes to the Financial Statements
for the Year Ended 31 March 2022

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 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2021
and 31 March 2022 120,000
NET BOOK VALUE
At 31 March 2022 120,000
At 31 March 2021 120,000

Evolution in Technology Limited (Registered number: 05140282)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 800 12,820 13,620
DEPRECIATION
At 1 April 2021 735 10,654 11,389
Charge for year 16 542 558
At 31 March 2022 751 11,196 11,947
NET BOOK VALUE
At 31 March 2022 49 1,624 1,673
At 31 March 2021 65 2,166 2,231

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors - 3,360
Prepayments 3,366 -
3,366 3,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 81 4,874
Tax 2,232 4,437
VAT 11,088 8,853
13,401 18,164