EVOLVE ACADEMY LTD

EVOLVE ACADEMY LTD

EVOLVE ACADEMY LTD - Company Information

Print Friendly Version

EVOLVE ACADEMY LTD

Company Registration Number:
09504845 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

EVOLVE ACADEMY LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

EVOLVE ACADEMY LTD

Balance sheet

As at 31 July 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 200,244 149,909
Total fixed assets: 200,244 149,909
Current assets
Debtors:   145,654 213,563
Cash at bank and in hand: 1,616 33,229
Total current assets: 147,270 246,792
Creditors: amounts falling due within one year:   (90,450) (170,495)
Net current assets (liabilities): 56,820 76,297
Total assets less current liabilities: 257,064 226,206
Creditors: amounts falling due after more than one year:   (53,297) (53,297)
Total net assets (liabilities): 203,767 172,909
Capital and reserves
Called up share capital: 85,000 85,000
Profit and loss account: 118,767 87,909
Shareholders funds: 203,767 172,909

The notes form part of these financial statements

EVOLVE ACADEMY LTD

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 April 2024
and signed on behalf of the board by:

Name: M Harkness
Status: Director

The notes form part of these financial statements

EVOLVE ACADEMY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.Rendering of ServicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less acccumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Leasehold 20Plant and machinery 20Computer equipment 20

EVOLVE ACADEMY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 13 13

EVOLVE ACADEMY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 202,863
Additions 50,335
At 31 July 2023 253,198
Depreciation
At 01 August 2022 52,954
At 31 July 2023 52,954
Net book value
At 31 July 2023 200,244
At 31 July 2022 149,909