2023-04-012024-03-312024-03-31false12453016TEVOLUTION LTD2025-01-2774909falseiso4217:GBPxbrli:pure124530162023-04-01124530162024-03-31124530162023-04-012024-03-31124530162022-04-01124530162023-03-31124530162022-04-012023-03-3112453016bus:SmallEntities2023-04-012024-03-3112453016bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3112453016bus:FullAccounts2023-04-012024-03-3112453016bus:PrivateLimitedCompanyLtd2023-04-012024-03-3112453016core:WithinOneYear2024-03-3112453016core:AfterOneYear2024-03-3112453016core:WithinOneYear2023-03-3112453016core:AfterOneYear2023-03-3112453016core:ShareCapital2024-03-3112453016core:SharePremium2024-03-3112453016core:RevaluationReserve2024-03-3112453016core:OtherReservesSubtotal2024-03-3112453016core:RetainedEarningsAccumulatedLosses2024-03-3112453016core:ShareCapital2023-03-3112453016core:SharePremium2023-03-3112453016core:RevaluationReserve2023-03-3112453016core:OtherReservesSubtotal2023-03-3112453016core:RetainedEarningsAccumulatedLosses2023-03-3112453016core:LandBuildings2024-03-3112453016core:PlantMachinery2024-03-3112453016core:Vehicles2024-03-3112453016core:FurnitureFittings2024-03-3112453016core:OfficeEquipment2024-03-3112453016core:NetGoodwill2024-03-3112453016core:IntangibleAssetsOtherThanGoodwill2024-03-3112453016core:ListedExchangeTraded2024-03-3112453016core:UnlistedNon-exchangeTraded2024-03-3112453016core:LandBuildings2023-03-3112453016core:PlantMachinery2023-03-3112453016core:Vehicles2023-03-3112453016core:FurnitureFittings2023-03-3112453016core:OfficeEquipment2023-03-3112453016core:NetGoodwill2023-03-3112453016core:IntangibleAssetsOtherThanGoodwill2023-03-3112453016core:ListedExchangeTraded2023-03-3112453016core:UnlistedNon-exchangeTraded2023-03-3112453016core:LandBuildings2023-04-012024-03-3112453016core:PlantMachinery2023-04-012024-03-3112453016core:Vehicles2023-04-012024-03-3112453016core:FurnitureFittings2023-04-012024-03-3112453016core:OfficeEquipment2023-04-012024-03-3112453016core:NetGoodwill2023-04-012024-03-3112453016core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3112453016core:ListedExchangeTraded2023-04-012024-03-3112453016core:UnlistedNon-exchangeTraded2023-04-012024-03-3112453016core:MoreThanFiveYears2023-04-012024-03-3112453016core:Non-currentFinancialInstruments2024-03-3112453016core:Non-currentFinancialInstruments2023-03-3112453016dpl:CostSales2023-04-012024-03-3112453016dpl:DistributionCosts2023-04-012024-03-3112453016core:LandBuildings2023-04-012024-03-3112453016core:PlantMachinery2023-04-012024-03-3112453016core:Vehicles2023-04-012024-03-3112453016core:FurnitureFittings2023-04-012024-03-3112453016core:OfficeEquipment2023-04-012024-03-3112453016dpl:AdministrativeExpenses2023-04-012024-03-3112453016core:NetGoodwill2023-04-012024-03-3112453016core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3112453016dpl:GroupUndertakings2023-04-012024-03-3112453016dpl:ParticipatingInterests2023-04-012024-03-3112453016dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3112453016core:ListedExchangeTraded2023-04-012024-03-3112453016dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3112453016core:UnlistedNon-exchangeTraded2023-04-012024-03-3112453016dpl:CostSales2022-04-012023-03-3112453016dpl:DistributionCosts2022-04-012023-03-3112453016core:LandBuildings2022-04-012023-03-3112453016core:PlantMachinery2022-04-012023-03-3112453016core:Vehicles2022-04-012023-03-3112453016core:FurnitureFittings2022-04-012023-03-3112453016core:OfficeEquipment2022-04-012023-03-3112453016dpl:AdministrativeExpenses2022-04-012023-03-3112453016core:NetGoodwill2022-04-012023-03-3112453016core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112453016dpl:GroupUndertakings2022-04-012023-03-3112453016dpl:ParticipatingInterests2022-04-012023-03-3112453016dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112453016core:ListedExchangeTraded2022-04-012023-03-3112453016dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112453016core:UnlistedNon-exchangeTraded2022-04-012023-03-3112453016core:NetGoodwill2024-03-3112453016core:IntangibleAssetsOtherThanGoodwill2024-03-3112453016core:LandBuildings2024-03-3112453016core:PlantMachinery2024-03-3112453016core:Vehicles2024-03-3112453016core:FurnitureFittings2024-03-3112453016core:OfficeEquipment2024-03-3112453016core:AfterOneYear2024-03-3112453016core:WithinOneYear2024-03-3112453016core:ListedExchangeTraded2024-03-3112453016core:UnlistedNon-exchangeTraded2024-03-3112453016core:ShareCapital2024-03-3112453016core:SharePremium2024-03-3112453016core:RevaluationReserve2024-03-3112453016core:OtherReservesSubtotal2024-03-3112453016core:RetainedEarningsAccumulatedLosses2024-03-3112453016core:NetGoodwill2023-03-3112453016core:IntangibleAssetsOtherThanGoodwill2023-03-3112453016core:LandBuildings2023-03-3112453016core:PlantMachinery2023-03-3112453016core:Vehicles2023-03-3112453016core:FurnitureFittings2023-03-3112453016core:OfficeEquipment2023-03-3112453016core:AfterOneYear2023-03-3112453016core:WithinOneYear2023-03-3112453016core:ListedExchangeTraded2023-03-3112453016core:UnlistedNon-exchangeTraded2023-03-3112453016core:ShareCapital2023-03-3112453016core:SharePremium2023-03-3112453016core:RevaluationReserve2023-03-3112453016core:OtherReservesSubtotal2023-03-3112453016core:RetainedEarningsAccumulatedLosses2023-03-3112453016core:NetGoodwill2022-04-0112453016core:IntangibleAssetsOtherThanGoodwill2022-04-0112453016core:LandBuildings2022-04-0112453016core:PlantMachinery2022-04-0112453016core:Vehicles2022-04-0112453016core:FurnitureFittings2022-04-0112453016core:OfficeEquipment2022-04-0112453016core:AfterOneYear2022-04-0112453016core:WithinOneYear2022-04-0112453016core:ListedExchangeTraded2022-04-0112453016core:UnlistedNon-exchangeTraded2022-04-0112453016core:ShareCapital2022-04-0112453016core:SharePremium2022-04-0112453016core:RevaluationReserve2022-04-0112453016core:OtherReservesSubtotal2022-04-0112453016core:RetainedEarningsAccumulatedLosses2022-04-0112453016core:AfterOneYear2023-04-012024-03-3112453016core:WithinOneYear2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3112453016core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3112453016core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3112453016core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3112453016core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3112453016core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3112453016core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3112453016core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3112453016core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3112453016core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3112453016core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3112453016core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3112453016core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3112453016core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3112453016core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3112453016core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3112453016core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3112453016core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3112453016core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3112453016bus:Director12023-04-012024-03-31

TEVOLUTION LTD

Registered Number
12453016
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TEVOLUTION LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

HUSEYNOV, Rasim

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

12453016 (England and Wales)
TEVOLUTION LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3334535
334535
Current assets
Debtors2,3416,413
Cash at bank and on hand2,9305,919
5,27112,332
Creditors amounts falling due within one year4(17,756)(8,409)
Net current assets (liabilities)(12,485)3,923
Total assets less current liabilities(12,151)4,458
Net assets(12,151)4,458
Capital and reserves
Called up share capital11
Profit and loss account(12,152)4,457
Shareholders' funds(12,151)4,458
The financial statements were approved and authorised for issue by the Director on 27 January 2025, and are signed on its behalf by:
HUSEYNOV, Rasim
Director
Registered Company No. 12453016
TEVOLUTION LTD
Notes to the Financial Statements
for the year ended 31 March 2024

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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The company continues to adopt the going concern basis in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 23602602
At 31 March 24602602
Depreciation and impairment
At 01 April 236767
Charge for year201201
At 31 March 24268268
Net book value
At 31 March 24334334
At 31 March 23535535
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables647-
Taxation and social security1,128693
Other creditors14,5896,181
Accrued liabilities and deferred income1,3921,535
Total17,7568,409
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.
5.Related party transactions
Included in current liabilities is a balance of £6,349 (2023 - £5,708) owed from Tevolution Ltd to Tevolution Professional Services LLP. A related party under common control by the director.