Evoke IT Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC410428 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Evoke IT Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTOR:

Mr L F Harrison

SECRETARY:

LC Secretaries Ltd

REGISTERED OFFICE:

46 Carden Place

Aberdeen

AB10 1UP

REGISTERED NUMBER:

SC410428 (Scotland)

ACCOUNTANTS:

Keltic Accounting Limited

Offices 1 & 8, Unit 1A

Inverurie Business Hub, Burghmuir Circle

Blackhall Industrial Estate

Inverurie

Aberdeenshire

AB51 4FS

FIXED ASSETS

Tangible assets

5

5,343

12,431

CURRENT ASSETS

Debtors

6

355,583

237,024

Cash at bank and in hand

27,217

1,919

382,800

238,943

CREDITORS

Amounts falling due within one year

7

386,496

263,652

NET CURRENT LIABILITIES

(3,696

)

(24,709

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,647

(12,278

)

PROVISIONS FOR LIABILITIES

1,015

2,486

NET ASSETS/(LIABILITIES)

632

(14,764

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(368

)

(15,764

)

632

(14,764

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 July 2018 and were signed by:

Mr L F Harrison - Director

1.	STATUTORY INFORMATION

Evoke IT Limited is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency is sterling.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the

goods are physically delivered to the customer. Turnover from the supply of services represents the value of

services provided under contracts to the extent that there is a right to consideration and is recorded at the value of

the consideration due. Where the contract has only been partially completed at the balances sheet date turnover

represents the value of the service provided to date based on a proportion of the total contract value. Where

payments are received from customers in advance of services provided, the amounts are recorded as Deferred

Income and included as part of Creditors due within one year.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and

any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the proceeds and the

carrying value of the asset and is included in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

The director, having made due and careful enquiry, is of the opinion that the company has adequate working

capital to execute its operations over the next 12 months. The director, therefore, has made an informed

judgement, at the time of approving the financial statements that there is a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. As a result, the

director has continued to adopt the going concern basis of accounting in preparing the annual financial

statements.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the

instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured

at transaction price including transaction costs and are subsequently carried at amortised cost.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or

when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans, are initially recognised at

transaction price and are subsequently carried at amortised cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged

Provisions

Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event

which it is probable will result in the transfer of economic benefits and that obligation can be estimated reliably.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of

the time value of money is material, the provision is based on the present value of those amounts, discounted at

the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount os

recognised within interest payable and similar charges.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2016 - 14 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2017

15,896

29,353

45,249

Additions

1,725

879

2,604

At 31 December 2017

17,621

30,232

47,853

DEPRECIATION

At 1 January 2017

9,234

23,584

32,818

Charge for year

4,226

5,466

9,692

At 31 December 2017

13,460

29,050

42,510

NET BOOK VALUE

At 31 December 2017

4,161

1,182

5,343

At 31 December 2016

6,662

5,769

12,431

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

277,020

183,578

Other debtors

78,563

53,446

355,583

237,024

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

174,295

112,696

Trade creditors

35,858

58,652

Taxation and social security

139,253

77,719

Other creditors

37,090

14,585

386,496

263,652

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.17

31.12.16

£

£

Within one year

42,757

48,801

Between one and five years

20,500

1,318

63,257

50,119

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and

31 December 2016:

31.12.17

31.12.16

£

£

Mr L F Harrison

Balance outstanding at start of year

10,857

(576

)

Amounts advanced

11,555

13,943

Amounts repaid

-

(2,510

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,412

10,857

10.	ULTIMATE CONTROLLING PARTY

Throughout the current and previous year the company was under the control of the directors.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Evoke IT Limited for the year ended 31 December 2017 which comprise the Income Statement,

Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Evoke IT Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Evoke IT Limited and state those matters that we have agreed to state to the director of Evoke IT Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Evoke IT Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Evoke IT Limited. You consider that Evoke IT 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 financial statements of Evoke IT 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 financial statements.

Keltic Accounting Limited

Offices 1 & 8, Unit 1A

Inverurie Business Hub, Burghmuir Circle

Blackhall Industrial Estate

Inverurie

Aberdeenshire

AB51 4FS

Date: .............................................