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REGISTERED NUMBER: 11024417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

EVOLUTION BUSINESS SOLUTIONS LIMITED

EVOLUTION BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11024417)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVOLUTION BUSINESS SOLUTIONS LIMITED

Company Information
for the Year Ended 31st October 2023







DIRECTOR: Mrs S Catterall





SECRETARY: Mrs S Catterall





REGISTERED OFFICE: 18 St. Georges Street
Chorley
Lancashire
PR7 3AA





REGISTERED NUMBER: 11024417 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

EVOLUTION BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11024417)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439 541

CURRENT ASSETS
Debtors 5 7,604 11,258
Cash at bank 19,373 20,553
26,977 31,811
CREDITORS
Amounts falling due within one year 6 14,309 20,623
NET CURRENT ASSETS 12,668 11,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,107

11,729

CREDITORS
Amounts falling due after more than one
year

7

(9,656

)

(11,245

)

PROVISIONS FOR LIABILITIES (94 ) (103 )
NET ASSETS 3,357 381

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,257 281
3,357 381

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

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

The director acknowledges her 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.

EVOLUTION BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11024417)

Balance Sheet - continued
31st October 2023


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 26th July 2024 and were signed by:





Mrs S Catterall - Director


EVOLUTION BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11024417)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Evolution Business Solutions Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts.

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 - 15% on reducing balance
Computer equipment - 30% on 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

EVOLUTION BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11024417)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2022
and 31st October 2023 870 573 1,443
DEPRECIATION
At 1st November 2022 444 458 902
Charge for year 64 38 102
At 31st October 2023 508 496 1,004
NET BOOK VALUE
At 31st October 2023 362 77 439
At 31st October 2022 426 115 541

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 6,500 6,500
Other debtors 1,104 2,359
Directors' current accounts - 2,399
7,604 11,258

EVOLUTION BUSINESS SOLUTIONS LIMITED (REGISTERED NUMBER: 11024417)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) 1,500 1,500
Trade creditors 89 150
Tax 7,620 15,762
Social security and other taxes - 269
Other creditors - 2,006
Directors' current accounts 3,752 -
Accrued expenses 1,348 936
14,309 20,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 8) 9,656 11,245

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,156 3,745

8. LOANS

The bank loan taken out in 2020 is a "Bounce Back" loan.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£    £   
Within one year 8,568 4,583
Between one and five years 22,134 -
30,702 4,583

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the amount owed to the director by the company was £3,752 (2022: £2,399 owed to the company from the director). £324 of interest has been charged on this loan during the year at 2.5%.

11. ULTIMATE CONTROLLING PARTY

Mrs S Catterall is the ultimate controlling party by virtue of her holding 100% of the issued ordinary share capital.