EVOLUTION PACKAGING PRODUCTS LTD

Company Registration Number:
02573634 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 April 2023

End date: 31 December 2023

EVOLUTION PACKAGING PRODUCTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

EVOLUTION PACKAGING PRODUCTS LTD

Balance sheet

As at 31 December 2023


Notes

31 December 2023

31 March 2023


£

£
Fixed assets
Intangible assets: 3 76,418 53,262
Tangible assets: 4 23,819 29,619
Total fixed assets: 100,237 82,881
Current assets
Stocks: 38,531 97,029
Debtors:   158,851 239,665
Cash at bank and in hand: 9,972 54,678
Total current assets: 207,354 391,372
Creditors: amounts falling due within one year:   (359,725) (519,002)
Net current assets (liabilities): (152,371) (127,630)
Total assets less current liabilities: (52,134) (44,749)
Creditors: amounts falling due after more than one year:   (25,313) (33,362)
Total net assets (liabilities): (77,447) (78,111)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (77,547) (78,211)
Shareholders funds: (77,447) (78,111)

The notes form part of these financial statements

EVOLUTION PACKAGING PRODUCTS LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 September 2024
and signed on behalf of the board by:

Name: J A Turton
Status: Director

The notes form part of these financial statements

EVOLUTION PACKAGING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost and 20% on cost

Intangible fixed assets and amortisation policy

Website costs are being amortised over 5 years.

Other accounting policies

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 period 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. 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. Going concern The directors have considered the financial position of the company and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of preparation in preparing the financial statements.

EVOLUTION PACKAGING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

31 December 2023 31 March 2023
Average number of employees during the period 9 11

EVOLUTION PACKAGING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 April 2023 116,011
Additions 28,714
At 31 December 2023 144,725
Amortisation
At 01 April 2023 62,749
Charge for year 5,558
At 31 December 2023 68,307
Net book value
At 31 December 2023 76,418
At 31 March 2023 53,262

EVOLUTION PACKAGING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 April 2023 84,292
At 31 December 2023 84,292
Depreciation
At 01 April 2023 54,673
Charge for year 5,800
At 31 December 2023 60,473
Net book value
At 31 December 2023 23,819
At 31 March 2023 29,619

EVOLUTION PACKAGING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Loans to directors

Name of director receiving advance or credit: J A Turton
Description of the loan: Loan
£
Balance at 01 April 2023 43,587
Advances or credits made: 654
Balance at 31 December 2023 44,241
Name of director receiving advance or credit: Ms J M Collett
Description of the loan: Loan
£
Balance at 01 April 2023 13,621
Advances or credits made: 204
Balance at 31 December 2023 13,825

Interest of £858 has been charged on the loans to directors.

EVOLUTION PACKAGING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

During the year the company was controlled by Ms J M Collett.