Registered number
09589553
Wirral Evolutions Ltd
Report and Unaudited Accounts
31 March 2024
Wirral Evolutions Ltd
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Wirral Evolutions Ltd
Company Information
Directors
S Garner - appointed 22 May 2024
M H Naden - resigned 7 August 2023
P J Williams - resigned 7 August 2023
S Halewood - resigned 31 December 2023
G R Hodkinson - resigned 22 May 2024
R J Oxley - resigned 9 August 2023
Registered office
Wallasey Town Hall
Brighton Steet
Wallasey
Wirral
CH27 9FQ
Registered number
09589553
Wirral Evolutions Ltd
Registered number: 09589553
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be that of a service for adults with disabilities on the Wirral. The company ceased trading on 30 September 2022.
Directors
The following persons served as directors during the year:
S Garner - appointed 22 May 2024
M H Naden - resigned 7 August 2023
P J Williams - resigned 7 August 2023
S Halewood - resigned 31 December 2023
G R Hodkinson - resigned 22 May 2024
R J Oxley - resigned 9 August 2023
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 October 2024 and signed on its behalf.
S Garner
Director
Wirral Evolutions Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Wirral Evolutions Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wirral Evolutions Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
KPH Audit & Assurance Services Ltd
Chartered Accountants
255 Poulton Road
Wallasey
Wirral
CH44 4BT
21 October 2024
Wirral Evolutions Ltd
Profit and Loss Account
for the year ended 31 March 2024
2024 2023
£ £
Turnover 199,908 2,629,578
Cost of sales (6,022) (2,219,546)
Gross profit 193,886 410,032
Administrative expenses (29,964) (473,512)
Operating profit/(loss) 163,922 (63,480)
Loss on the disposal of tangible fixed assets (33,527) -
Interest receivable 7,250 11,467
Profit/(loss) before taxation 137,645 (52,013)
Tax on profit/(loss) (5,976) (235)
Profit/(loss) for the financial year 131,669 (52,248)
Wirral Evolutions Ltd
Registered number: 09589553
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 33,527
Current assets
Debtors 4 - 2,202
Cash at bank and in hand 208,768 168,373
208,768 170,575
Creditors: amounts falling due within one year 5 (104,527) (231,530)
Net current assets/(liabilities) 104,241 (60,955)
Net assets/(liabilities) 104,241 (27,428)
Capital and reserves
Called up share capital 1 1
Profit and loss account 104,240 (27,429)
Shareholder's funds 104,241 (27,428)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Garner
Director
Approved by the board on 21 October 2024
Wirral Evolutions Ltd
Statement of Changes in Equity
for the year ended 31 March 2024
Share Share Pensions Profit Total
capital premium reserve and loss
account
£ £ £ £ £
At 1 April 2022 1 - (3,355,000) 24,819 (3,330,180)
Loss for the financial year - (52,248) (52,248)
Transfer of all assets and liabilities to guarantor 3,355,000 3,355,000
At 31 March 2023 1 - - (27,429) (27,428)
At 1 April 2023 1 - - (27,429) (27,428)
Profit for the financial year 131,669 131,669
At 31 March 2024 1 - - 104,240 104,241
Wirral Evolutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
Wirral Evolutions Limited is a private company limited by shares and incorporated in England and Wales. The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The primary economic environment in which the company operates is governed by the Great British Pound, its functional currency. As such the financial statements have been prepared in this currency.
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of significant changes since last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognized in profit and loss.
Depreciation charge motor vehicles - 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Going concern
The Council announced that its contract with Wirral Evolutions would cease on 30th October 2022. As a result of this decision and in acknowledgement of the significant value and volume of work generated from this contract in comparison with all other works undertaken by Wirral Evolutions, the company has ceased trading on 30th September 2022. The Council appointed a sole Director to liquidate the company and transfer all assets and liabilities to Wirral MBC.

The accounts have been prepared on a breakup basis with the intention to liquidate the company within the next 12 months. Therefore, the Director considers a non-going concern basis represents a true and fair view of the financial statements.
Judgements and key sources of estimation uncertainty
In the application of the Company’s accounting policies, the directors are required to make judgment’s, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is reviewed and where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Financial instruments
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial transactions.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognized in the Company’s Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognized amounts and there is an intentions to settle on the net basis or to realize the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade receivables and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method less any provision for impairment unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company’s cash and trade receivables due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
Financial assets are assessed for the indicators of impairment a each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition , indicates the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amounts to exceed the original carrying amount had the impairment not been recognized. The impairment reversal is recognized in the profit or loss.

If there is a favourable change in relation to the events surrounding the impairment or loss then they impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognized in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities which include trade and other payables, are initially measured at their transaction price including transaction costs. When this constitutes a financing transaction , whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted and where the effect of discounting is immaterial.

Debt instruments are subsequently carried at heir amortised cost using the effective interest rate method.

Trade payable are obligations to pay for the goods and services that been acquired in the ordinary course of business form suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not they represent non-current liabilities. Trade payables are initially recognized at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Related party transactions
The Company is exempt from disclosing transactions with other wholly owned members of the group controlled by the ultimate parent undertaking, as permitted by FRS 102 Section 33.
Ultimate controlling party
The Company is wholly owned subsidiary of Wirral Borough Council. Wirral Borough Council is the ultimate controlling party and is the parent undertaking of the smallest and largest group which consolidates these financial statements for which the company is a member. Copies of financial statements can be obtained from Wirral Borough Council, Canning Street, Birkenhead, Wirral, CH41 1ND.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 9,702 65,483 75,185
Disposals (9,702) (65,483) (75,185)
At 31 March 2024 - - -
Depreciation
At 1 April 2023 9,702 31,956 41,658
On disposals (9,702) (31,956) (41,658)
At 31 March 2024 - - -
Net book value
At 31 March 2024 - - -
At 31 March 2023 - 33,527 33,527
4 Debtors 2024 2023
£ £
Trade debtors - 2,202
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,723 -
Taxation and social security costs 6,620 2,254
Other creditors 94,184 229,276
104,527 231,530
6 Other information
Wirral Evolutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Wallasey Town Hall
Brighton Steet
Wallasey
Wirral
CH27 9FQ
7 Share capital
2024 2023
£ £
Allotted, called up and fully paid
1 ordinary share of £1 each 1 1
There is a single class of ordinary share. There are no restrictions on dividend and repayment of capital.
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