REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 29 March 2020 |
|
for |
|
Eveleigh Information Solutions |
Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 29 March 2020 |
|
for |
|
Eveleigh Information Solutions |
Limited |
Eveleigh Information Solutions |
Limited (Registered number: 03503954) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 29 March 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Eveleigh Information Solutions |
Limited |
|
Company Information |
for the Year Ended 29 March 2020 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
BUSINESS ADDRESS: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Airport House |
Suite 43-45 |
Purley Way |
Croydon |
CR0 0XZ |
Eveleigh Information Solutions |
Limited (Registered number: 03503954) |
|
Balance Sheet |
29 March 2020 |
|
2020 | 2019 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
( |
) |
|
( |
) |
|
|
|
|
|
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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director and authorised for issue on
|
|
|
|
|
|
|
Eveleigh Information Solutions |
Limited (Registered number: 03503954) |
|
Notes to the Financial Statements |
for the Year Ended 29 March 2020 |
|
1. | STATUTORY INFORMATION |
|
Eveleigh Information Solutions Limited is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
The principal activity of the company continued to be that of computer consultancy and associated services. |
|
2. | ACCOUNTING POLICIES |
|
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
|
TURNOVER |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
|
FINANCIAL INSTRUMENTS |
The company only enters into basic financial instrument transactions that results in the recognition odd financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non puttable ordinary shares. |
|
TAXATION |
The tax expense represents the sum of the tax currently payable and deferred tax. |
|
CURRENT TAX |
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. |
|
DEFERRED TAX |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date. |
|
GOING CONCERN |
At the time of approving the financial statements , the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. |
Eveleigh Information Solutions |
Limited (Registered number: 03503954) |
|
Notes to the Financial Statements - continued |
for the Year Ended 29 March 2020 |
|
2. | ACCOUNTING POLICIES - continued |
|
PROVISIONS FOR LIABILITY |
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. |
|
Provisions are charged as an expense to the Statement of Income and retained earning in the year that the company becomes aware of the obligation, and are measured at the best estimates at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. |
|
When payments are eventually made, they are charged to the provision carried in the Balance sheet. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
|
|
Paye NI receivable | - | 207 |
Directors' current accounts | 15,995 | 13,112 |
Corporation tax repayable |
|
|
|
|
|
The director considers the carrying value of trade and other receivables approximate to their fair values. |
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
|
|
Corporation tax |
|
|
Paye NI liability |
|
|
VAT | 762 | 1,628 |
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
|
The director considers the carrying amounts of current liabilities approximate to their fair values. |
|
6. | RESERVES |
|
PROFIT AND LOSS RESERVES |
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve. |
Eveleigh Information Solutions |
Limited (Registered number: 03503954) |
|
Notes to the Financial Statements - continued |
for the Year Ended 29 March 2020 |
|
7. | RELATED PARTY TRANSACTIONS |
|
As at the balance sheet date included in debtors were amounts of £15,995 (2019 - £13,112) due from the directors. |
|
8. | POST BALANCE SHEET EVENT |
|
Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on businesses worldwide. As a result some business operations have been restricted, however the company continues to operate using alternative methods and remote working. The directors are unable to evaluate the overall financial impact on the business at present. Hence financial statements do not include any adjustments that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success. |