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Registered number: 11956323
Darwin Evolution Technologies Ltd
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11956323
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,095 24,095
Tangible Assets 5 2,722 6,907
22,817 31,002
CURRENT ASSETS
Debtors 6 2,511,770 1,696,297
Cash at bank and in hand 213,210 600,111
2,724,980 2,296,408
Creditors: Amounts Falling Due Within One Year 7 (647,584 ) (642,320 )
NET CURRENT ASSETS (LIABILITIES) 2,077,396 1,654,088
TOTAL ASSETS LESS CURRENT LIABILITIES 2,100,213 1,685,090
Creditors: Amounts Falling Due After More Than One Year 8 (29,542 ) (35,501 )
NET ASSETS 2,070,671 1,649,589
CAPITAL AND RESERVES
Called up share capital 9 146 107
Share premium account 4,494,006 3,384,449
Profit and Loss Account (2,423,481 ) (1,734,967 )
SHAREHOLDERS' FUNDS 2,070,671 1,649,589
Page 1
Page 2
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.
On behalf of the board
Mr Vernon Tjon-Soei-Len
Director
23/12/2024
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
Darwin Evolution Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11956323 . The registered office is 36 Scotts Road , Bromley, BR1 3QD.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is computer software It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Fixtures & Fittings Straight Line 20%
Computer Equipment Straight Line 33%
3. Average Number of Employees
Average number of employees, including directors, during the year were: 15 (2023: 20)
15 20
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 40,001
As at 30 April 2024 40,001
Amortisation
As at 1 May 2023 15,906
Provided during the period 4,000
As at 30 April 2024 19,906
Net Book Value
As at 30 April 2024 20,095
As at 1 May 2023 24,095
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Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 2,291 19,056 21,347
Additions 120 258 378
As at 30 April 2024 2,411 19,314 21,725
Depreciation
As at 1 May 2023 738 13,702 14,440
Provided during the period 482 4,081 4,563
As at 30 April 2024 1,220 17,783 19,003
Net Book Value
As at 30 April 2024 1,191 1,531 2,722
As at 1 May 2023 1,553 5,354 6,907
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 316,214 209,354
Other debtors 2,195,556 1,486,943
2,511,770 1,696,297
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 314,105 219,627
Bank loans and overdrafts 2,114 1,171
Other creditors 331,365 421,522
647,584 642,320
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 29,542 35,501
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 146 107
Page 4