pinacle 6.0
2017.03.01
EVO MOTION DESIGN LTD
09046523
2016-06-01
2017-05-31
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09046523
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2017-05-31
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2017-05-31
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Company Registration Number - 09046523 |
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1. |
EVO MOTION DESIGN LTD
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COMPANY NUMBER - 09046523
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31 May 2017
Balance sheet as at
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2017 |
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2016 |
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---- |
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---- |
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Notes |
£ |
£ |
£ |
£ |
|
Tangible assets |
4 |
|
234,730
|
|
22,030
|
|
Cash at bank and in hand |
|
586,082
|
|
368,537
|
|
|
|
|
|
|
|
|
586,082
|
|
368,537
|
|
Creditors - Amounts |
falling due within one year |
5 |
152,203
|
|
101,809
|
|
|
|
|
|
|
NET CURRENT ASSETS
|
|
|
433,879
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|
266,728
|
|
|
|
|
|
|
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Total assets less current liabilities
|
|
|
668,609
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288,758
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|
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|
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|
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CAPITAL AND RESERVES
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Called up share capital |
6 |
|
1
|
|
1
|
|
Profit and loss account |
|
|
668,608
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|
288,757
|
|
|
|
|
|
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Shareholders' funds
|
|
|
668,609
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|
288,758
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|
|
|
|
|
|
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These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
For the financial year ended 31 May 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
17 November 2017Approved by the board of directors on |
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and signed on their behalf by: |
The notes on pages 2 to 4 form an integral part of these accounts.
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Notes to the Financial Statements
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For the year ended 31 May 2017
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EVO MOTION DESIGN LTD is a Private Company, limited by shares, domiciled in England and Wales, registration number 09046523.
The company's registered office is Unit 1, The Sidings, Victoria Avenue Ind. Estate, Swanage, Dorset BH19 1AU.
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 8.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets and depreciation
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
Long leashold buildings - 10% straight line
Plant and machinery - 25% reducing balance
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The average number of persons employed by the company (including directors) during the year was (2016 - ).
Notes to the Financial Statements
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For the year ended 31 May 2017
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4. Fixed assets - tangible
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Plant and |
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Land and |
Machinery |
|
Buildings |
etc. |
Total |
|
|
|
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Cost or valuation
|
£
|
£
|
£
|
At 01 June 2016 |
19,167 |
8,497 |
27,664 |
Additions |
231,145 |
- |
231,145 |
Disposals |
(19,167) |
- |
(19,167) |
|
|
|
|
At 31 May 2017 |
231,145 |
8,497 |
239,642 |
|
|
|
|
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Depreciation
|
At 01 June 2016 |
1,917 |
3,717 |
5,634 |
Charge for year |
- |
1,195 |
1,195 |
On disposals |
(1,917) |
- |
(1,917) |
|
|
|
|
At 31 May 2017 |
- |
(4,912) |
4,912 |
|
|
|
|
|
Net book values
|
At 31 May 2017 |
231,145 |
3,585 |
234,730
|
|
|
|
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At 01 June 2016 |
17,250 |
4,780 |
22,030 |
|
|
|
|
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Freehold land and buildings include £nil relating to land. |
|
2017 |
|
2016 |
|
---- |
|
---- |
|
£ |
|
£ |
5. Creditors
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Amounts falling due within one year: |
Taxation and social security |
144,705
|
|
100,563
|
Other creditors |
7,498
|
|
1,246
|
|
|
|
|
|
152,203 |
|
101,809 |
|
|
|
|
|
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6. Called up share capital
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There was no change in share capital during the year.
Allotted, called up and fully paid |
Ordinaryshares of £1 each |
1 |
|
1 |
|
|
|
|
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Notes to the Financial Statements
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For the year ended 31 May 2017
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7. Related party transactions
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No advances were made to the director during the year.
8. Impact of first year adoption of FRS102
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The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.