EVOCA UK LIMITED

Company Registration Number:
03806034 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

EVOCA UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

EVOCA UK LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Fixed assets
Intangible assets: 3 317,918 0
Tangible assets: 4 594,331 581,628
Investments: 5 211,628 211,628
Total fixed assets: 1,123,877 793,256
Current assets
Stocks: 1,497,469 269,823
Debtors: 6 6,814,802 7,748,122
Cash at bank and in hand: 438,115 447,130
Total current assets: 8,750,386 8,465,075
Creditors: amounts falling due within one year: 7 (1,119,463) (830,173)
Net current assets (liabilities): 7,630,923 7,634,902
Total assets less current liabilities: 8,754,800 8,428,158
Provision for liabilities: (185,322) (191,671)
Total net assets (liabilities): 8,569,478 8,236,487
Capital and reserves
Called up share capital: 1,000,002 1,000,002
Share premium account: 562,451 562,451
Profit and loss account: 7,007,025 6,674,034
Shareholders funds: 8,569,478 8,236,487

The notes form part of these financial statements

EVOCA UK LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 April 2022
and signed on behalf of the board by:

Name: Herve Donneaud
Status: Director

The notes form part of these financial statements

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales-related taxes. Principal turnover is commission and other income earned from the immediate parent company and other related parties. ‘The Company’ operates as a commission agent and provides a number of incidental services to support the parent company

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life. Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Intangible fixed assets and amortisation policy

Goodwill arising on the acquisition of subsidiary undertakings and businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life, which is 10 years. Provision is made for any impairment.

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 28 35

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 1,095,943
Additions 318,095
At 31 December 2021 1,414,038
Amortisation
At 01 January 2021 1,095,943
Charge for year 177
At 31 December 2021 1,096,120
Net book value
At 31 December 2021 317,918
At 31 December 2020 0

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 863,698
Additions 92,224
Disposals (21,000)
At 31 December 2021 934,922
Depreciation
At 01 January 2021 282,070
Charge for year 79,141
On disposals (20,620)
At 31 December 2021 340,591
Net book value
At 31 December 2021 594,331
At 31 December 2020 581,628

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Fixed investments

At 31 December 2021 ‘the Company’ owned 100% of the ordinary share capital of the following subsidiary, which is registered in England (Company registered number: 526501).The investments in subsidiary undertakings are held at cost less impairment.It is ‘the Directors’ view that the carrying amount of the investment is appropriate and requires no assessment for impairment even in current COVID-19 conditions.Wittenborg UK LimitedRegistered Address : Unit C, Prime Point, First Avenue, Pensnett Trading Estate, Kingswinford, England, DY6 7TJPrincipal activity : DormantHolding: Ordinary Share% : 100%Subsidiary undertakings have not been consolidated by EVOCA UK Limited as permitted by s.400 of the Companies Act 2006 as they are consolidated in the financial statements of EVOCA S.p.A.

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Debtors

2021 2020
££
Debtors due after more than one year: 5,251,115 6,784,364

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

7. Creditors: amounts falling due within one year note

Trade Creditors-£187,944, Amounts due to fellow subsidiary undertakings-£225,856, Amounts due to parent undertaking-£160,035, Other taxation and social security-£33,407,Corporation Tax-£35,546, Accruals and deferred income-£476,675

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

8. Financial commitments

Operating Leases, At 31 December 2021 the total of future minimum lease payments, under non-cancellable operating leases for each of the following periods are as follows: not later than one year - £322,908, later than one year and not later than five years - £1,197,931, later than five years - £2,162,935

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

9. Related party transactions

The Company’ has taken advantage of the exemption granted within Financial Reporting Standard 102 Section 33, which does not require the disclosure of transactions between a subsidiary undertaking and other group undertakings where more than 100% of the Company’s voting rights are controlled within the group

EVOCA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

10. Post balance sheet events

EVOCA UK Limited is now wholly responsible for Sales of Finished Products and related accessories in the United Kingdom from 31 December 2021 and continue to sells spare parts to support the equipment sold in the UK.