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REGISTERED NUMBER: 11477247 (England and Wales)
















Evo Digital Technologies Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Evo Digital Technologies Limited (Registered number: 11477247)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Evo Digital Technologies Limited

Company Information
for the Year Ended 31st March 2024







Directors: Mr M A Iandoli
Mr S P Moore
Mr S Rae
Mr C R Calder





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 11477247 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Evo Digital Technologies Limited (Registered number: 11477247)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 763,283 558,294
Tangible assets 5 25,707 30,433
788,990 588,727

Current assets
Debtors 6 298,211 261,926
Cash at bank 62,522 50,533
360,733 312,459
Creditors
Amounts falling due within one year 7 320,597 312,006
Net current assets 40,136 453
Total assets less current liabilities 829,126 589,180

Capital and reserves
Called up share capital 2,600,600 1,525,600
Retained earnings (1,771,474 ) (936,420 )
829,126 589,180

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2024 and were signed on its behalf by:




Mr S Rae - Director


Evo Digital Technologies Limited (Registered number: 11477247)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Evo Digital Technologies Limited 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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Computer equipment - 50% on cost and 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 12 (2023 - 15 ) .

Evo Digital Technologies Limited (Registered number: 11477247)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. Intangible fixed assets
Computer
software
£   
Cost
At 1st April 2023 596,589
Additions 274,734
At 31st March 2024 871,323
Amortisation
At 1st April 2023 38,295
Amortisation for year 69,745
At 31st March 2024 108,040
Net book value
At 31st March 2024 763,283
At 31st March 2023 558,294

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1st April 2023 5,443 11,500 32,354 49,297
Additions - 16,995 2,263 19,258
Disposals - (11,500 ) - (11,500 )
At 31st March 2024 5,443 16,995 34,617 57,055
Depreciation
At 1st April 2023 1,361 1,917 15,586 18,864
Charge for year 1,088 4,915 10,953 16,956
Eliminated on disposal - (4,472 ) - (4,472 )
At 31st March 2024 2,449 2,360 26,539 31,348
Net book value
At 31st March 2024 2,994 14,635 8,078 25,707
At 31st March 2023 4,082 9,583 16,768 30,433

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 73,214 62,368
Other debtors 224,997 199,558
298,211 261,926

Evo Digital Technologies Limited (Registered number: 11477247)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 1,298
Hire purchase contracts - 1,084
Trade creditors 179,704 256,833
Taxation and social security 66,886 32,674
Other creditors 74,007 20,117
320,597 312,006

8. Ultimate parent company

The ultimate parent company is EVOAI Limited, a company incorporated in England and Wales.