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Registered number: 07512536
Evolution Complete Business Sales Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 07512536
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,470 4,774
2,470 4,774
CURRENT ASSETS
Stocks 5 - 87,654
Debtors 6 544,724 588,732
Cash at bank and in hand 7,338 84,974
552,062 761,360
Creditors: Amounts Falling Due Within One Year 7 (599,367 ) (187,276 )
NET CURRENT ASSETS (LIABILITIES) (47,305 ) 574,084
TOTAL ASSETS LESS CURRENT LIABILITIES (44,835 ) 578,858
Creditors: Amounts Falling Due After More Than One Year 8 (237,257 ) (187,917 )
NET (LIABILITIES)/ASSETS (282,092 ) 390,941
CAPITAL AND RESERVES
Called up share capital 9 223 223
Profit and Loss Account (282,315 ) 390,718
SHAREHOLDERS' FUNDS (282,092) 390,941
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Profit and Loss Account.
The financial statements were approved by the board of directors on 13 November 2020 and were signed on its behalf by:
Mr Michael Whittle
Director
27/01/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 May 2022 223 455,757 455,980
Loss for the year and total comprehensive income - (185,039 ) (185,039)
Dividends paid - 120,000 120,000
As at 30 April 2023 and 1 May 2023 223 390,718 390,941
Loss for the year and total comprehensive income - (673,033 ) (673,033)
As at 30 April 2024 223 (282,315 ) (282,092)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Evolution Complete Business Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07512536 . The registered office is Asmec Centre, Merlin House, Brunel Road, Theale, Berkshire, RG7 4AB.
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Computer Equipment 33%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable or repayable and deferred tax.
The tax currently payable or repayable is based on taxable profit or loss for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account 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: 5 (2023: 18)
5 18
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 31,118
As at 30 April 2024 31,118
Depreciation
As at 1 May 2023 26,344
Provided during the period 2,304
As at 30 April 2024 28,648
Net Book Value
As at 30 April 2024 2,470
As at 1 May 2023 4,774
5. Stocks
2024 2023
£ £
Work in progress - 87,654
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,200 19,503
Prepayments and accrued income 9,519 18,435
Evolution CBS Holdings Ltd 521,005 550,794
544,724 588,732
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,798 8,634
Corporation tax - (41,698 )
Other taxes and social security 110,021 66,569
Sundry creditors 75,041 3,579
Experience International Ltd 35,000 35,000
Accruals and deferred income 343,507 115,192
599,367 187,276
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 237,257 187,917
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10. Ultimate Controlling Party
The company's ultimate controlling party is Evolution CBS Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.
Page 6