Evonomie Limited - Period Ending 2016-10-31

Registration number: 04265652

Evonomie Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 October 2016

MAS Associates Ltd
Chartered Certified Accountants
Spear House
Cobbett Road
Burntwood
Staffordshire
WS7 3GL

Evonomie Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Evonomie Limited
for the Year Ended 31 October 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Evonomie Limited for the year ended 31 October 2016 set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Evonomie Limited, as a body, in accordance with the terms of our engagement letter dated 7 September 2012. Our work has been undertaken solely to prepare for your approval the accounts of Evonomie Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evonomie Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Evonomie Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Evonomie Limited. You consider that Evonomie Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Evonomie Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MAS Associates Ltd
Chartered Certified Accountants
Spear House
Cobbett Road
Burntwood
Staffordshire
WS7 3GL

5 May 2017

Page 1

Evonomie Limited

(Registration number: 04265652)
Abbreviated Balance Sheet as at 31 October 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets	2	2,198	669
Current assets
Debtors		10,137	14,522
Cash at bank and in hand		14,107	7,699
		24,244	22,221
Prepayments and accrued income		-	175
Creditors: Amounts falling due within one year		(8,935)	(13,093)
Net current assets		15,309	9,303
Total assets less current liabilities		17,507	9,972
Provisions for liabilities		-	(134)
Accruals and deferred income		(98)	(6)
Net assets		17,409	9,832
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		17,408	9,831
Shareholders funds		17,409	9,832

For the year ending 31 October 2016 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 5 May 2017 and signed on its behalf by:

.........................................
A Hanlon
Company secretary and director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Evonomie Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery	25% on cost
Fixtures & fittings	20% on cost
Office equipment	33% on cost

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

2

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 November 2015	10,000	10,463	20,463
Additions	-	2,241	2,241
At 31 October 2016	10,000	12,704	22,704

Page 3

Evonomie Limited

Notes to the Abbreviated Accounts

	Intangible assets £	Tangible assets £	Total £
Depreciation
At 1 November 2015	10,000	9,794	19,794
Charge for the year	-	712	712
At 31 October 2016	10,000	10,506	20,506
Net book value
At 31 October 2016	-	2,198	2,198
At 31 October 2015	-	669	669

3

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary Shares of £1 each	1	1	1	1

4

Control

The company is controlled by A Hanlon by virtue of their controlling shareholding in the company.

Page 4