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Registered number: 09981292
Evolution Air Conditioning Services Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09981292
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 125,834 14,546
125,834 14,546
CURRENT ASSETS
Debtors 5 320,114 205,469
Cash at bank and in hand 52,253 91,235
372,367 296,704
Creditors: Amounts Falling Due Within One Year 6 (173,935 ) (110,791 )
NET CURRENT ASSETS (LIABILITIES) 198,432 185,913
TOTAL ASSETS LESS CURRENT LIABILITIES 324,266 200,459
Creditors: Amounts Falling Due After More Than One Year 7 (87,522 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,459 ) (2,764 )
NET ASSETS 205,285 197,695
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 205,185 197,595
SHAREHOLDERS' FUNDS 205,285 197,695
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Colin Campbell
Director
27/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Evolution Air Conditioning Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09981292 . The registered office is C/O Emmaus Chartered Accountants, 377-399 London Road, Camberley, Surrey, GU15 3HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% / 25% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5. Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 1,303 21,390 1,480 10,434 34,607
Additions 22,375 129,343 508 1,263 153,489
Disposals (778 ) - - (334 ) (1,112 )
As at 29 February 2024 22,900 150,733 1,988 11,363 186,984
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 520 10,695 1,408 7,438 20,061
Provided during the period 2,369 37,683 144 1,616 41,812
Disposals (389 ) - - (334 ) (723 )
As at 29 February 2024 2,500 48,378 1,552 8,720 61,150
Net Book Value
As at 29 February 2024 20,400 102,355 436 2,643 125,834
As at 1 March 2023 783 10,695 72 2,996 14,546
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 306,824 190,696
Other debtors 13,290 14,773
320,114 205,469
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,152 -
Trade creditors 48,871 59,821
Other creditors 3,547 3,360
Taxation and social security 103,365 47,610
173,935 110,791
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 87,522 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,510 15,966
Later than one year and not later than five years 22,222 40,208
28,732 56,174
Page 4