IRIS Accounts Production v23.3.1.45 SC640458 director 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC6404582021-12-31SC6404582022-12-31SC6404582022-01-012022-12-31SC6404582020-12-31SC6404582021-01-012021-12-31SC6404582021-12-31SC640458ns16:Scotland2022-01-012022-12-31SC640458ns15:PoundSterling2022-01-012022-12-31SC640458ns11:Director12022-01-012022-12-31SC640458ns11:PrivateLimitedCompanyLtd2022-01-012022-12-31SC640458ns11:SmallEntities2022-01-012022-12-31SC640458ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-31SC640458ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-31SC640458ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-31SC640458ns11:FullAccounts2022-01-012022-12-31SC640458ns11:RegisteredOffice2022-01-012022-12-31SC640458ns6:CurrentFinancialInstruments2022-12-31SC640458ns6:CurrentFinancialInstruments2021-12-31SC640458ns6:Non-currentFinancialInstruments2022-12-31SC640458ns6:Non-currentFinancialInstruments2021-12-31SC640458ns6:ShareCapital2022-12-31SC640458ns6:ShareCapital2021-12-31SC640458ns6:RetainedEarningsAccumulatedLosses2022-12-31SC640458ns6:RetainedEarningsAccumulatedLosses2021-12-31SC640458ns6:ShareCapital2020-12-31SC640458ns6:RetainedEarningsAccumulatedLosses2020-12-31SC640458ns6:RetainedEarningsAccumulatedLosses2021-01-012021-12-31SC640458ns6:RetainedEarningsAccumulatedLosses2022-01-012022-12-31SC640458ns6:ComputerEquipment2022-01-012022-12-31SC640458ns6:ComputerEquipment2021-12-31SC640458ns6:ComputerEquipment2022-12-31SC640458ns6:ComputerEquipment2021-12-31SC640458ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-31SC640458ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-31SC640458ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-12-31SC640458ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-12-31SC640458ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-12-31SC640458ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-12-31SC640458ns11:Director112021-12-31SC640458ns11:Director112020-12-31SC640458ns11:Director112022-01-012022-12-31SC640458ns11:Director112021-01-012021-12-31SC640458ns11:Director112022-12-31SC640458ns11:Director112021-12-31
REGISTERED NUMBER: SC640458 (Scotland)












UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

EVOLUTION SEARCH PARTNERS LIMITED

EVOLUTION SEARCH PARTNERS LIMITED (REGISTERED NUMBER: SC640458)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


EVOLUTION SEARCH PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: J Beckwith





REGISTERED OFFICE: 183 Bath Street
Glasgow
G2 4HU





REGISTERED NUMBER: SC640458 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

EVOLUTION SEARCH PARTNERS LIMITED (REGISTERED NUMBER: SC640458)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,522 1,707

CURRENT ASSETS
Debtors 5 662,812 189,317
Cash at bank 46,668 58,353
709,480 247,670
CREDITORS
Amounts falling due within one year 6 355,467 202,372
NET CURRENT ASSETS 354,013 45,298
TOTAL ASSETS LESS CURRENT LIABILITIES 357,535 47,005

CREDITORS
Amounts falling due after more than one year 7 24,167 34,167
NET ASSETS 333,368 12,838

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 333,366 12,836
SHAREHOLDERS' FUNDS 333,368 12,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





J Beckwith - Director


EVOLUTION SEARCH PARTNERS LIMITED (REGISTERED NUMBER: SC640458)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2021 2 1,132 1,134

Changes in equity
Dividends - (330,000 ) (330,000 )
Total comprehensive income - 341,704 341,704
Balance at 31 December 2021 2 12,836 12,838

Changes in equity
Dividends - (120,000 ) (120,000 )
Total comprehensive income - 440,530 440,530
Balance at 31 December 2022 2 333,366 333,368

EVOLUTION SEARCH PARTNERS LIMITED (REGISTERED NUMBER: SC640458)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Evolution Search Partners Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Computer equipment - 25% reducing balance

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

EVOLUTION SEARCH PARTNERS LIMITED (REGISTERED NUMBER: SC640458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022 2,308
Additions 2,562
At 31 December 2022 4,870
DEPRECIATION
At 1 January 2022 601
Charge for year 747
At 31 December 2022 1,348
NET BOOK VALUE
At 31 December 2022 3,522
At 31 December 2021 1,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 258,927 123,688
Other debtors 111,516 12,841
Directors' current accounts 292,369 52,788
662,812 189,317

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 28,245
Corporation tax 312,057 144,844
Social security and other taxes 5,461 5,403
VAT 8,268 4,709
Accruals and deferred income 19,681 9,171
355,467 202,372

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 14,167 24,167
24,167 34,167

EVOLUTION SEARCH PARTNERS LIMITED (REGISTERED NUMBER: SC640458)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
J Beckwith
Balance outstanding at start of year 52,788 (65 )
Amounts advanced 430,482 52,853
Amounts repaid (190,911 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292,359 52,788

The directors loan account was repaid subsequent to the year end.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Beckwith.