Registered number
03605030
Evicrest ltd
Filleted Accounts
31 July 2017
Evicrest ltd
Registered number: 03605030
Balance Sheet
as at 31 July 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 773,060 751,443
Current assets
Debtors 4 37,406 6,872
Cash at bank and in hand 2,419 29,265
39,825 36,137
Creditors: amounts falling due within one year 5 (434,929) (417,662)
Net current liabilities (395,104) (381,525)
Net assets 377,956 369,918
Capital and reserves
Called up share capital 100 100
Profit and loss account 377,856 369,818
Shareholder's funds 377,956 369,918
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jonathan Miller
Director
Approved by the board on 17 October 2017
Evicrest ltd
Notes to the Accounts
for the year ended 31 July 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investment properties should not be subject to periodic charges for depreciation on the basis
set out in SSAP 12, except for properties held on lease which should be depreciated when the
expired term is 20 years or less.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2016 750,590 6,282 756,872
Additions 21,830 - 21,830
At 31 July 2017 772,420 6,282 778,702
Depreciation
At 1 August 2016 - 5,429 5,429
Charge for the year - 213 213
At 31 July 2017 - 5,642 5,642
Net book value
At 31 July 2017 772,420 640 773,060
At 31 July 2016 750,590 853 751,443
4 Debtors 2017 2016
£ £
Trade debtors 1,915 664
Other debtors 35,491 6,208
37,406 6,872
5 Creditors: amounts falling due within one year 2017 2016
£ £
Directors Current Account 403,176 403,176
Corporation tax 9,372 11,277
Other taxes and social security costs 303 -
Other creditors 22,078 3,209
434,929 417,662
6 Controlling party
The company was under the control of Mr Jonathan Miller throughout the year.
7 Other information
Evicrest ltd is a private company limited by shares and incorporated in England. Its registered office is:
35 Ivor Place
London
NW1 6EA
Evicrest ltd 03605030 false 2016-08-01 2017-07-31 2017-07-31 VT Final Accounts September 2017 Jonathan Miller No description of principal activity 03605030 2015-08-01 2016-07-31 03605030 core:WithinOneYear 2016-07-31 03605030 core:ShareCapital 2016-07-31 03605030 core:RetainedEarningsAccumulatedLosses 2016-07-31 03605030 2016-08-01 2017-07-31 03605030 bus:PrivateLimitedCompanyLtd 2016-08-01 2017-07-31 03605030 bus:AuditExempt-NoAccountantsReport 2016-08-01 2017-07-31 03605030 bus:Director40 2016-08-01 2017-07-31 03605030 1 2016-08-01 2017-07-31 03605030 2 2016-08-01 2017-07-31 03605030 core:LandBuildings 2016-08-01 2017-07-31 03605030 core:PlantMachinery 2016-08-01 2017-07-31 03605030 countries:England 2016-08-01 2017-07-31 03605030 bus:FRS102 2016-08-01 2017-07-31 03605030 bus:FullAccounts 2016-08-01 2017-07-31 03605030 2017-07-31 03605030 core:WithinOneYear 2017-07-31 03605030 core:ShareCapital 2017-07-31 03605030 core:RetainedEarningsAccumulatedLosses 2017-07-31 03605030 core:LandBuildings 2017-07-31 03605030 core:PlantMachinery 2017-07-31 03605030 2016-07-31 03605030 core:LandBuildings 2016-07-31 03605030 core:PlantMachinery 2016-07-31 iso4217:GBP xbrli:pure

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