Abbreviated Company Accounts - EVOLVE9 LIMITED

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Registered Number 05934070

EVOLVE9 LIMITED

Abbreviated Accounts

30 September 2015

EVOLVE9 LIMITED Registered Number 05934070

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,690	3,431
		2,690	3,431
Current assets
Stocks		387	775
Debtors		18,851	18,227
Cash at bank and in hand		16,428	15,401
		35,666	34,403
Creditors: amounts falling due within one year		(30,131)	(32,044)
Net current assets (liabilities)		5,535	2,359
Total assets less current liabilities		8,225	5,790
Provisions for liabilities		(538)	0
Total net assets (liabilities)		7,687	5,790
Capital and reserves
Called up share capital	3	102	102
Profit and loss account		7,585	5,688
Shareholders' funds		7,687	5,790

For the year ending 30 September 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 directors acknowledge their 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 Board on 30 June 2016

And signed on their behalf by:
M D Barrell, Director

EVOLVE9 LIMITED Registered Number 05934070

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the amount generated from the principal activities of the company.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Website straight line 33.33%
Equipment straight line 25%

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of ecomonic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

Foreign Currency
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange date ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilites that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.

2Tangible fixed assets

	£
Cost
At 1 October 2014	6,278
Additions	1,536
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	7,814
Depreciation
At 1 October 2014	2,847
Charge for the year	2,277
On disposals	-
At 30 September 2015	5,124
Net book values
At 30 September 2015	2,690
At 30 September 2014	3,431

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100
1 A Ordinary share of £1 each	1	1
1 B Ordinary share of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	Mr M D Barrell
Description of the transaction:	Directors Current Account
Balance at 1 October 2014:	£ 6,389
Advances or credits made:	£ 46,939
Advances or credits repaid:	£ 44,547
Balance at 30 September 2015:	£ 8,781

As at 1st October 2014 the company was owed £6,389 by Mr M D Barrell. He was loaned £46,939 during the year and repaid £44,547 leaving an amount owing to the company of £8,781. At 30th September 2015, the company was owed the sum of £776 (2014 £3,180) in interest by the director Mr M D Barrell. During the year, director Mr M D Barrell received dividends from the company of £36,000 (2014 £45,000).