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REGISTERED NUMBER: 03150177 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

EVOLVE COMPUTERS LTD

EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

EVOLVE COMPUTERS LTD

Company Information
for the year ended 31 January 2024







Director: D R Watson





Secretary: G M Watson





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 03150177 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 20,015 19,532

Current assets
Debtors 5 40,357 30,592
Cash at bank and in hand 241,794 200,541
282,151 231,133
Creditors
Amounts falling due within one year 6 115,271 77,988
Net current assets 166,880 153,145
Total assets less current liabilities 186,895 172,677

Creditors
Amounts falling due after more than one
year

7

13,334

23,333
Net assets 173,561 149,344

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 173,461 149,244
Shareholders' funds 173,561 149,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





D R Watson - Director


EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2. Accounting policies

Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 9 (2023 - 9 ) .

EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 February 2023 53,138 28,695 81,833
Additions 4,727 2,428 7,155
At 31 January 2024 57,865 31,123 88,988
Depreciation
At 1 February 2023 40,415 21,886 62,301
Charge for year 4,363 2,309 6,672
At 31 January 2024 44,778 24,195 68,973
Net book value
At 31 January 2024 13,087 6,928 20,015
At 31 January 2023 12,723 6,809 19,532

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 35,405 24,048
Other debtors 4,952 6,544
40,357 30,592

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,012
Trade creditors 30,828 23,776
Taxation and social security 71,533 41,130
Other creditors 2,910 3,070
115,271 77,988

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 13,334 23,333

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

EVOLVE COMPUTERS LTD (REGISTERED NUMBER: 03150177)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


9. Reserves
Retained
earnings
£

At 1 February 2023 149,245
Profit for the year 78,916
Dividends (54,700 )
At 31 January 2024 173,461

10. Related party disclosures

At the year end date the director was owed £32 (2023 £41) by the company. This amount is repayable on demand and subject to no interest charge.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Evolve Computers Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and loss account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Evolve Computers Ltd for the year ended 31 January 2024 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Evolve Computers Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Evolve Computers Ltd and state those matters that we have agreed to state to the director of Evolve Computers Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Evolve Computers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Evolve Computers Ltd. You consider that Evolve Computers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Evolve Computers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


30 October 2024