Evolve AMS UK Limited - Accounts to registrar (filleted) - small 23.1.2

Evolve AMS UK Limited - Accounts to registrar (filleted) - small 23.1.2

EVOLVE AMS UK LIMITED - Company Information

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REGISTERED NUMBER: 08819378 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Evolve AMS UK Limited
Evolve AMS UK Limited (Registered number: 08819378)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Evolve AMS UK Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr A Hayward
Mrs N Hayward
Mr S DeRose





REGISTERED OFFICE: Unit 7 Home Farm
3 Riverside
Eynsford
Kent
DA4 0AE





REGISTERED NUMBER: 08819378 (England and Wales)





Page 1
Evolve AMS UK Limited (Registered number: 08819378)

Abridged Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,295 25,987

CURRENT ASSETS
Stocks 2,750 2,600
Debtors 135,687 146,289
Cash at bank and in hand 116,162 49,172
254,599 198,061
CREDITORS
Amounts falling due within one year 171,777 131,155
NET CURRENT ASSETS 82,822 66,906
TOTAL ASSETS LESS CURRENT
LIABILITIES
108,117
92,893

CREDITORS
Amounts falling due after more than one
year
(29,729
)
(45,015
)

PROVISIONS FOR LIABILITIES (4,019 ) (4,133 )
NET ASSETS 74,369 43,745

CAPITAL AND RESERVES
Called up share capital 392 392
Retained earnings 73,977 43,353
SHAREHOLDERS' FUNDS 74,369 43,745

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

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

The notes form part of these financial statements

Page 2 continued...
Evolve AMS UK Limited (Registered number: 08819378)

Abridged Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2023 and were signed on its behalf by:




Mr A Hayward - Director



Mr S DeRose - Director


The notes form part of these financial statements

Page 3
Evolve AMS UK Limited (Registered number: 08819378)

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

1. STATUTORY INFORMATION

Evolve AMS UK 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue from the provision of medical adaptation services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.
Improvements to property - 2% on cost
Plant and machinery - straight line over 3 years
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

Page 4 continued...
Evolve AMS UK Limited (Registered number: 08819378)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 71,970
Additions 6,201
At 31 December 2022 78,171
DEPRECIATION
At 1 January 2022 45,983
Charge for year 6,893
At 31 December 2022 52,876
NET BOOK VALUE
At 31 December 2022 25,295
At 31 December 2021 25,987

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2022
and 31 December 2022 24,909
DEPRECIATION
At 1 January 2022 14,109
Charge for year 2,700
At 31 December 2022 16,809
NET BOOK VALUE
At 31 December 2022 8,100
At 31 December 2021 10,800

6. RELATED PARTY DISCLOSURES

At the end of the period the amount owed to the directors by the company was £717 (2021: £1,640 owed to the company). The loan is included within creditors due within one year (2021: included within debtors due within one year), made interest free and is repayable on demand.

7. COVID-19 BUSINESS SUPPORT

During the period, the company received £0 (2021: £13,663) in respect of claims from the Coronavirus Job Retention Scheme. The claims were contingent on paying employees a minimum of 80% of their normal salary. No other conditions or contingencies have been applied to the claims.

Page 5