Company Registration No. 04160853 (England and Wales)
EVIDENTLY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
EVIDENTLY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
EVIDENTLY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
101,410
165,313
Investments
2
25,413
25,413
126,823
190,726
Current assets
Debtors
3
564,021
788,774
Cash at bank and in hand
427,510
313,105
991,531
1,101,879
Creditors: amounts falling due within one year
4
(1,021,941)
(663,121)
Net current (liabilities)/assets
(30,410)
438,758
Total assets less current liabilities
96,413
629,484
Capital and reserves
Called up share capital
5
121
121
Share premium account
924,954
924,954
Profit and loss account
(828,662)
(295,591)
Shareholders' funds
96,413
629,484
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 September 2015
D Zeff
Director
Company Registration No. 04160853
EVIDENTLY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for the supply of visual communication services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
20% on cost
Computer equipment
25% / 33% on cost
Fixtures, fittings & equipment
50% / 20% on cost
Motor vehicles
25% on cost
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Rentals received on the letting of premises under sub-leases are included in other income as incurred.
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.9
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
EVIDENTLY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
1
Accounting policies
(Continued)
- 3 -
1.10
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2014
539,886
25,413
565,299
Additions
47,915
-
47,915
Disposals
(58,078)
-
(58,078)
At 31 December 2014
529,723
25,413
555,136
Depreciation
At 1 January 2014
374,573
-
374,573
On disposals
(38,372)
-
(38,372)
Charge for the year
92,112
-
92,112
At 31 December 2014
428,313
-
428,313
Net book value
At 31 December 2014
101,410
25,413
126,823
At 31 December 2013
165,313
25,413
190,726
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
The Evidently Trust
Australia
Trust units
100.00
The DJM Trust & The Evidently Trust T/a Evidently
Australia
Capital interest *
62.00
EA Holdings SG Pte Ltd
Singapore
Ordinary
100.00
EVIDENTLY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
2
Fixed assets
(Continued)
- 4 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Unaudited
Unaudited
Principal activity
£
£
The Evidently Trust
Unit trust
66
-
The DJM Trust & The Evidently Trust T/a Evidently
Visual communication services
-
135,000
EA Holdings SG Pte Ltd
Visual communication services
82,325
75,000
* Capital interest is held by The Evidently Trust.
3
Debtors
Debtors include an amount of £0 (2013 - £3,334) which is due after more than one year.
4
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £13,477).
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2,352 A Ordinary shares of 1 p each
24
24
9,412 B Ordinary shares of 1 p each
94
94
294 Ordinary shares of 1 p each
3
3
121
121
6
Transactions with directors
At the balance sheet date, the company was owed £7,090 (2013: £19,482) by D Zeff, a company director. The amount owed by D Zeff was fully repaid on 29 September 2015.
During the year, the company paid consultancy fees of £23,281 to G Probert, a company director. At the balance sheet date, the company owed £14,250 (2013: £7,500) to G Probert.
All balances between the company and its directors are interest free and repayable on demand
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