Evolution Exhibition Production Limited - Period Ending 2015-08-31

Registration number: 03778918

Evolution Exhibition Production Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Saul Fairholm Limited
12 Tentercroft Street
Lincoln
LN5 7DB

Evolution Exhibition Production Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Evolution Exhibition Production Limited
(Registration number: 03778918)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			9,546			11,085
Current assets
Stocks					1,200			1,100
Debtors					66,980			62,443
Cash at bank and in hand					6,272			1,689
					74,452			65,232
Creditors: Amounts falling due within one year					(64,602)			(51,908)
Net current assets					9,850			13,324
Total assets less current liabilities					19,396			24,409
Provisions for liabilities					(1,454)			(1,661)
Net assets					17,942			22,748
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					17,940			22,746
Shareholders' funds					17,942			22,748

For the year ending 31 August 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 5 April 2016

.........................................
Mr R Flaherty
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Evolution Exhibition Production Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Revenue represents the fair value of the consideration received or receivable for the production and installation of exhibition stands, net of discounts and sales taxes. Revenue is recognised when it is probable that the economic benefits associated with a transaction will flow to the Company and the amount of revenue and associated costs can be measured reliably.

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery	25% on reducing balance
Fixtures and fittings	25% on reducing balance
Motor vehicles	25% on reducing balance

Stock

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Evolution Exhibition Production Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		56,240			56,240
Additions		1,450			1,450
At 31 August 2015		57,690			57,690
Depreciation
At 1 September 2014		45,155			45,155
Charge for the year		2,989			2,989
At 31 August 2015		48,144			48,144
Net book value
At 31 August 2015		9,546			9,546
At 31 August 2014		11,085			11,085

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4

Control

The company is controlled by the director and his wife.

5	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

R Flaherty ( Director ) During the year dividends were paid to R Flaherty of £35,000 (2014 - £24,818). The director had an interest free loan during this year and the previous year At the balance sheet date the amount due from R Flaherty was £13,467 ( 2014 - £18,069 ) .

Page 3

Evolution Exhibition Production Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

Mrs F E Flaherty ( Wife of director ) During the year dividends were paid to Mrs F E Flaherty of £12,000 (2014 - £24,818) At the balance sheet date the amount due to Mrs F E Flaherty was £nil ( 2014 - £nil ) .

Page 4