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REGISTERED NUMBER: 03150177 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

EVOLVE COMPUTERS LTD

EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Contents of the Financial Statements
for the year ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

EVOLVE COMPUTERS LTD

Company Information
for the year ended 31 January 2023







Director: D R Watson





Secretary: G M Watson





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 03150177 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY

EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Balance Sheet
31 January 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 19,532 17,211

Current assets
Debtors 5 30,592 29,655
Cash at bank and in hand 200,541 201,504
231,133 231,159
Creditors
Amounts falling due within one year 6 77,988 66,450
Net current assets 153,145 164,709
Total assets less current liabilities 172,677 181,920

Creditors
Amounts falling due after more than one
year

7

23,333

33,333
Net assets 149,344 148,587

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 149,244 148,487
Shareholders' funds 149,344 148,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





D R Watson - Director


EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Notes to the Financial Statements
for the year ended 31 January 2023


1. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2. Accounting policies

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents the consideration receivable for goods supplied and services rendered, stated net of Value Added Tax.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 9 (2022 - 7 ) .

EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 February 2022 44,307 28,695 73,002
Additions 8,831 - 8,831
At 31 January 2023 53,138 28,695 81,833
Depreciation
At 1 February 2022 36,175 19,616 55,791
Charge for year 4,240 2,270 6,510
At 31 January 2023 40,415 21,886 62,301
Net book value
At 31 January 2023 12,723 6,809 19,532
At 31 January 2022 8,132 9,079 17,211

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 24,048 23,387
Other debtors 6,544 6,268
30,592 29,655

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,012 10,012
Trade creditors 23,776 18,700
Taxation and social security 41,130 32,639
Other creditors 3,070 5,099
77,988 66,450

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 23,333 33,333

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary 1 100 100

EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Notes to the Financial Statements - continued
for the year ended 31 January 2023


9. Reserves
Retained
earnings
£

At 1 February 2022 148,487
Profit for the year 47,572
Dividends (46,815 )
At 31 January 2023 149,244

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Evolve Computers Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and loss account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Evolve Computers Ltd for the year ended 31 January 2023 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Evolve Computers Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Evolve Computers Ltd and state those matters that we have agreed to state to the director of Evolve Computers Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evolve Computers Ltd and its director for our work or for this report.

It is your duty to ensure that Evolve Computers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Evolve Computers Ltd. You consider that Evolve Computers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Evolve Computers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Aissela
46 High Street
Esher
Surrey
KT10 9QY


20 October 2023