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REGISTERED NUMBER: 10439237 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EVOLVE LAW (MK) LTD

EVOLVE LAW (MK) LTD (REGISTERED NUMBER: 10439237)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EVOLVE LAW (MK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S M Deane
J A Deane
J Kinns
K Staniforth
M Lansdell





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 10439237 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

EVOLVE LAW (MK) LTD (REGISTERED NUMBER: 10439237)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 40,084 42,602

CURRENT ASSETS
Debtors 5 302,080 300,529
Cash at bank 235,383 139,528
537,463 440,057
CREDITORS
Amounts falling due within one year 6 258,633 282,185
NET CURRENT ASSETS 278,830 157,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,914

200,474

CREDITORS
Amounts falling due after more than one
year

7

(24,929

)

(23,587

)

PROVISIONS FOR LIABILITIES (7,616 ) (8,090 )
NET ASSETS 286,369 168,797

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 286,169 168,597
286,369 168,797

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

EVOLVE LAW (MK) LTD (REGISTERED NUMBER: 10439237)

BALANCE SHEET - continued
31 DECEMBER 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:





M Lansdell - Director


EVOLVE LAW (MK) LTD (REGISTERED NUMBER: 10439237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Evolve Law (MK) 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 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.
Improvements to property - 10% or 17% straight line
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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.

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 22 (2022 - 23 ) .

EVOLVE LAW (MK) LTD (REGISTERED NUMBER: 10439237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
COST
At 1 January 2023 23,457 17,610 28,188 69,255
Additions 2,550 2,361 3,116 8,027
At 31 December 2023 26,007 19,971 31,304 77,282
DEPRECIATION
At 1 January 2023 854 7,854 17,945 26,653
Charge for year 4,181 1,708 4,656 10,545
At 31 December 2023 5,035 9,562 22,601 37,198
NET BOOK VALUE
At 31 December 2023 20,972 10,409 8,703 40,084
At 31 December 2022 22,603 9,756 10,243 42,602

5. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 808 -
Other debtors 133,917 156,785
Directors' current accounts 81,264 81,001
Prepayments and accrued income 58,664 62,743
274,653 300,529

Amounts falling due after more than one year:
Other debtors 27,427 -

Aggregate amounts 302,080 300,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 4,596 10,531
Trade creditors 38,383 43,699
Tax 125,816 121,419
Social security and other taxes 20,550 11,861
VAT 87,661 72,482
Other creditors 4,527 2,646
Other liability - Client Contr (31,342 ) -
Accruals and deferred income 8,442 19,547
258,633 282,185

EVOLVE LAW (MK) LTD (REGISTERED NUMBER: 10439237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 24,929 23,587

8. OTHER COMMITMENTS

Operating lease commitments of 2023: £199,500 (2022 : £250,125) are payable over the upcoming six years in respect of leasehold property.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £81,204 (2022 : £80,941) owed by a director. During the year amounts advanced to the director were £1,323 and amounts repaid by the director were £1,060.

Included in other creditors is £60 (2022 : £60) owed equally from three directors. No transactions with these directors have been made during the year.

The above loan is unsecured, interest free and repayable on demand.