I-EVO_LTD - Accounts

I-EVO LTD - Company Information

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Company Registration No. 06830671 (England and Wales)

I-EVO LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2015

I-EVO LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

I-EVO LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

133,996

87,379

Tangible assets

72,005

76,094

206,001

163,473

Current assets

Stocks

124,681

28,059

Debtors

240,527

295,642

Cash at bank and in hand

93,083

50,262

458,291

373,963

Creditors: amounts falling due within one year

(401,270)

(421,726)

Net current assets/(liabilities)

57,021

(47,763)

Total assets less current liabilities

263,022

115,710

Creditors: amounts falling due after more than one year

(452,224)

(372,921)

(189,202)

(257,211)

Capital and reserves

Called up share capital

124

Share premium account

88,949

Profit and loss account

(278,275)

(346,284)

Shareholders' funds

(189,202)

(257,211)

I-EVO LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2015

- 2 -

For the financial Period ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 February 2016

Mr S Ging

Director

Company Registration No. 06830671

I-EVO LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MAY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% on reducing balance

Fixtures, fittings & equipment

15% on reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2014

168,862

93,181

262,043

Additions

49,075

11,110

60,185

At 31 May 2015

217,937

104,291

322,228

Depreciation

At 1 May 2014

81,483

16,603

98,086

Charge for the period

2,458

15,683

18,141

At 31 May 2015

83,941

32,286

116,227

Net book value

At 31 May 2015

133,996

72,005

206,001

At 30 April 2014

87,379

76,094

163,473

I-EVO LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MAY 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

12,400 Ordinary shares of 1p each

124