2023-01-012023-12-312023-12-31false09742341EVOLVE LIFESTYLE ACADEMY LTD2024-09-18iso4217:GBPxbrli:pure097423412023-01-01097423412023-12-31097423412023-01-012023-12-31097423412022-01-01097423412022-12-31097423412022-01-012022-12-3109742341bus:SmallEntities2023-01-012023-12-3109742341bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3109742341bus:AbridgedAccounts2023-01-012023-12-3109742341bus:PrivateLimitedCompanyLtd2023-01-012023-12-3109742341core:WithinOneYear2023-12-3109742341core:AfterOneYear2023-12-3109742341core:WithinOneYear2022-12-3109742341core:AfterOneYear2022-12-3109742341core:ShareCapital2023-12-3109742341core:SharePremium2023-12-3109742341core:RevaluationReserve2023-12-3109742341core:OtherReservesSubtotal2023-12-3109742341core:RetainedEarningsAccumulatedLosses2023-12-3109742341core:ShareCapital2022-12-3109742341core:SharePremium2022-12-3109742341core:RevaluationReserve2022-12-3109742341core:OtherReservesSubtotal2022-12-3109742341core:RetainedEarningsAccumulatedLosses2022-12-3109742341core:LandBuildings2023-12-3109742341core:PlantMachinery2023-12-3109742341core:Vehicles2023-12-3109742341core:FurnitureFittings2023-12-3109742341core:OfficeEquipment2023-12-3109742341core:NetGoodwill2023-12-3109742341core:IntangibleAssetsOtherThanGoodwill2023-12-3109742341core:ListedExchangeTraded2023-12-3109742341core:UnlistedNon-exchangeTraded2023-12-3109742341core:LandBuildings2022-12-3109742341core:PlantMachinery2022-12-3109742341core:Vehicles2022-12-3109742341core:FurnitureFittings2022-12-3109742341core:OfficeEquipment2022-12-3109742341core:NetGoodwill2022-12-3109742341core:IntangibleAssetsOtherThanGoodwill2022-12-3109742341core:ListedExchangeTraded2022-12-3109742341core:UnlistedNon-exchangeTraded2022-12-3109742341core:LandBuildings2023-01-012023-12-3109742341core:PlantMachinery2023-01-012023-12-3109742341core:Vehicles2023-01-012023-12-3109742341core:FurnitureFittings2023-01-012023-12-3109742341core:OfficeEquipment2023-01-012023-12-3109742341core:NetGoodwill2023-01-012023-12-3109742341core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109742341core:ListedExchangeTraded2023-01-012023-12-3109742341core:UnlistedNon-exchangeTraded2023-01-012023-12-3109742341core:MoreThanFiveYears2023-01-012023-12-3109742341core:Non-currentFinancialInstruments2023-12-3109742341core:Non-currentFinancialInstruments2022-12-3109742341dpl:CostSales2023-01-012023-12-3109742341dpl:DistributionCosts2023-01-012023-12-3109742341core:LandBuildings2023-01-012023-12-3109742341core:PlantMachinery2023-01-012023-12-3109742341core:Vehicles2023-01-012023-12-3109742341core:FurnitureFittings2023-01-012023-12-3109742341core:OfficeEquipment2023-01-012023-12-3109742341dpl:AdministrativeExpenses2023-01-012023-12-3109742341core:NetGoodwill2023-01-012023-12-3109742341core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109742341dpl:GroupUndertakings2023-01-012023-12-3109742341dpl:ParticipatingInterests2023-01-012023-12-3109742341dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3109742341core:ListedExchangeTraded2023-01-012023-12-3109742341dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3109742341core:UnlistedNon-exchangeTraded2023-01-012023-12-3109742341dpl:CostSales2022-01-012022-12-3109742341dpl:DistributionCosts2022-01-012022-12-3109742341core:LandBuildings2022-01-012022-12-3109742341core:PlantMachinery2022-01-012022-12-3109742341core:Vehicles2022-01-012022-12-3109742341core:FurnitureFittings2022-01-012022-12-3109742341core:OfficeEquipment2022-01-012022-12-3109742341dpl:AdministrativeExpenses2022-01-012022-12-3109742341core:NetGoodwill2022-01-012022-12-3109742341core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3109742341dpl:GroupUndertakings2022-01-012022-12-3109742341dpl:ParticipatingInterests2022-01-012022-12-3109742341dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3109742341core:ListedExchangeTraded2022-01-012022-12-3109742341dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3109742341core:UnlistedNon-exchangeTraded2022-01-012022-12-3109742341core:NetGoodwill2023-12-3109742341core:IntangibleAssetsOtherThanGoodwill2023-12-3109742341core:LandBuildings2023-12-3109742341core:PlantMachinery2023-12-3109742341core:Vehicles2023-12-3109742341core:FurnitureFittings2023-12-3109742341core:OfficeEquipment2023-12-3109742341core:AfterOneYear2023-12-3109742341core:WithinOneYear2023-12-3109742341core:ListedExchangeTraded2023-12-3109742341core:UnlistedNon-exchangeTraded2023-12-3109742341core:ShareCapital2023-12-3109742341core:SharePremium2023-12-3109742341core:RevaluationReserve2023-12-3109742341core:OtherReservesSubtotal2023-12-3109742341core:RetainedEarningsAccumulatedLosses2023-12-3109742341core:NetGoodwill2022-12-3109742341core:IntangibleAssetsOtherThanGoodwill2022-12-3109742341core:LandBuildings2022-12-3109742341core:PlantMachinery2022-12-3109742341core:Vehicles2022-12-3109742341core:FurnitureFittings2022-12-3109742341core:OfficeEquipment2022-12-3109742341core:AfterOneYear2022-12-3109742341core:WithinOneYear2022-12-3109742341core:ListedExch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EVOLVE LIFESTYLE ACADEMY LTD

Registered Number
09742341
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

EVOLVE LIFESTYLE ACADEMY LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

COSTIGAN, Russell James

Registered Address

Friths Farm Friths Court
Hoghton
Preston
PR5 0EF

Registered Number

09742341 (England and Wales)
EVOLVE LIFESTYLE ACADEMY LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,2161,698
2,2161,698
Current assets
Stocks252388
Debtors42761,234
Cash at bank and on hand4217,675
9499,297
Creditors amounts falling due within one year5(2,759)(3,786)
Net current assets (liabilities)(1,810)5,511
Total assets less current liabilities4067,209
Creditors amounts falling due after one year6(8,467)(5,926)
Provisions for liabilities7(289)(289)
Net assets(8,350)994
Capital and reserves
Called up share capital100100
Profit and loss account(8,450)894
Shareholders' funds(8,350)994
The financial statements were approved and authorised for issue by the Director on 18 September 2024, and are signed on its behalf by:
COSTIGAN, Russell James
Director
Registered Company No. 09742341
EVOLVE LIFESTYLE ACADEMY LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The company incurred losses during the year, partly driven by expenditure on setting up a new marketing platform. The platform delivered new members through 2023 and into 2024. 2024 has seen initial losses with return to profitability during the second and third quarter and current forecasts of break-even for the year. As such, the accounts have been prepared on a going-concern basis.
Turnover policy
Turnover represents the value services, net of value added tax, provided to customers. Turnover includes revenue earned from the sale of goods and from the rendering of services. Revenue is recognised when the following conditions are satisfied: -the benefits of the services passes to the customers -it is probable that the economic benefits associated with the transaction will flow to the entity and -the costs incurred or to be incurred in respect of the transaction can be measured reliably
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Fixtures and fittings3
Office Equipment3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Financial instruments
The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Government grants or assistance
The company received no additional government grants or assistance during the period to 31.12.22 or the period to 31.12.23.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2321,088
Additions2,436
Disposals(720)
At 31 December 2322,804
Depreciation and impairment
At 01 January 2319,390
Charge for year1,918
On disposals(720)
At 31 December 2320,589
Net book value
At 31 December 232,216
At 31 December 221,698
4.Debtors: amounts due within one year

2023

2022

££
Amounts owed by associates and joint ventures / participating interests-56
Other debtors95909
Prepayments and accrued income181269
Total2761,234
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables292146
Bank borrowings and overdrafts2,4612,401
Amounts owed to related parties6-
Accrued liabilities and deferred income-1,239
Total2,7593,786
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts3,4675,926
Other creditors5,000-
Total8,4675,926
Other Creditors comprises a loan of 5,000 from a close family member of the Director. The loan is interest free and is to be repaid when the business returns to profitability. The loan qualifies as a basic financial instrument and has been measured at transaction price.
7.Provisions for liabilities
Provisions for liabilities are in respect of deferred tax.

2023

2022

££
Net deferred tax liability (asset)289289
Total289289
8.Other commitments
As at 31st December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods: Payments due: 31.12.23 31.12.22 Not later than one year £1,974 £7,894 Later than one year and not later than five years £0 £0