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REGISTERED NUMBER: 08056838 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

EVOLUTION CONSTRUCTION GROUP LTD

EVOLUTION CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVOLUTION CONSTRUCTION GROUP LTD

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: Mr J J Fitzgerald
Mr D J Coyne
Mrs J Fitzgerald





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 08056838 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

EVOLUTION CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 381,630 134,238
381,630 134,238

CURRENT ASSETS
Stocks 66,078 48,819
Debtors 6 964,301 1,242,451
Cash at bank and in hand 712,727 659,255
1,743,106 1,950,525
CREDITORS
Amounts falling due within one year 7 (871,461 ) (1,222,041 )
NET CURRENT ASSETS 871,645 728,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,253,275

862,722

CREDITORS
Amounts falling due after more than one
year

8

(43,912

)

(29,020

)

PROVISIONS FOR LIABILITIES 11 (93,741 ) (30,863 )
NET ASSETS 1,115,622 802,839

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,115,522 802,739
SHAREHOLDERS' FUNDS 1,115,622 802,839

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

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

The directors acknowledge their 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 CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mr J J Fitzgerald - Director


EVOLUTION CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Evolution Construction Group Ltd 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.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Over the remaining period of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


EVOLUTION CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 10,000
AMORTISATION
At 1 November 2022
and 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

EVOLUTION CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2022 23,341 5,752 29,756
Additions - - -
Disposals - - -
At 31 October 2023 23,341 5,752 29,756
DEPRECIATION
At 1 November 2022 13,338 4,256 22,833
Charge for year 3,337 372 1,728
Eliminated on disposal - - -
At 31 October 2023 16,675 4,628 24,561
NET BOOK VALUE
At 31 October 2023 6,666 1,124 5,195
At 31 October 2022 10,003 1,496 6,923

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 289,705 20,065 368,619
Additions 290,839 20,817 311,656
Disposals (30,191 ) - (30,191 )
At 31 October 2023 550,353 40,882 650,084
DEPRECIATION
At 1 November 2022 179,727 14,227 234,381
Charge for year 49,520 5,659 60,616
Eliminated on disposal (26,543 ) - (26,543 )
At 31 October 2023 202,704 19,886 268,454
NET BOOK VALUE
At 31 October 2023 347,649 20,996 381,630
At 31 October 2022 109,978 5,838 134,238

EVOLUTION CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 91,852
Additions 52,590
Transfer to ownership (91,852 )
At 31 October 2023 52,590
DEPRECIATION
At 1 November 2022 53,102
Charge for year 15,702
Transfer to ownership (62,789 )
At 31 October 2023 6,015
NET BOOK VALUE
At 31 October 2023 46,575
At 31 October 2022 38,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 793,347 1,209,150
Other debtors 144,312 -
Prepayments 26,642 33,301
964,301 1,242,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 6,813
Hire purchase contracts (see note 9) 17,734 18,866
Trade creditors 245,282 475,712
Tax 85,742 128,974
Social security and other taxes 44,067 48,041
VAT 61,153 60,285
Directors' current accounts 19,433 10,180
Accruals and deferred income 388,050 473,170
871,461 1,222,041

EVOLUTION CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 29,020
Hire purchase contracts (see note 9) 28,079 -
43,912 29,020

Bank loans outstanding at the year end amounted to £25,833 (2022 - £35,833) and include instalments due after more than five years of £Nil (2022 - £635).

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 17,734 18,866
Between one and five years 28,079 -
45,813 18,866

Non-cancellable operating leases
2023 2022
£    £   
Within one year 16,560 16,560
Between one and five years 23,460 40,020
40,020 56,580

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 45,813 18,866

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 93,741 30,863

EVOLUTION CONSTRUCTION GROUP LTD (REGISTERED NUMBER: 08056838)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 30,863
Charge to Income Statement during year 62,878
Balance at 31 October 2023 93,741

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr J J Fitzgerald and Mrs J Fitzgerald
Balance outstanding at start of year - -
Amounts advanced 42,162 14,490
Amounts repaid (42,162 ) (14,490 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £176,000 (2022 - £95,000) were paid to the directors .